The one-two punch of strong earnings and tame inflation helped propel the S & P 500 to a positive week — despite the latest tariff news on Friday putting a slight damper on the action. The broad index added 0.59% for the week led by technology, utilities and industrials, while the tech-heavy Nasdaq outperformed, jumping…
U.S. Federal Reserve Governor Christopher Waller said yesterday that he thinks the Fed should cut interest rates at the end of July because he thinks the U.S. economy’s “momentum has slowed significantly,” and he’s worried about unemployment rising. He’s not alone. Oxford Economics’ Ryan Sweet told clients this week that President Trump’s tariffs will shave…
It all comes back to tech, once again. Magnificent Seven earnings kick off in the week ahead, with Alphabet and Tesla the first of the megacaps to report this earnings season at a time when the artificial intelligence trade — along with strong quarterly results and economic data — is once again carrying the market…
Check out the companies making headlines before the bell: Netflix — Shares fell 2% after Netflix warned that operating margin in the second half of 2025 will be lower than the first half because of higher content amortization, as well as sales and marketing costs, because of a larger slate of content. Otherwise, the streaming…
The Club’s 10 things to watch Friday, July 18 — Today’s newsletter was written by Jeff Marks, the Club’s director of portfolio analysis. 1. Stock futures are muted to close out the week this morning. The S & P 500 closed at a new all-time high yesterday, and all three major averages are on pace…
Burberry shares up 8% as U.S. sales strengthen Trench coats on display in a Burberry store on Bond Street in London on Sept. 15, 2023. Bloomberg | Bloomberg | Getty Images Shares of Burberry are up more than 8% at 11:33 a.m. London time (6:33 a.m. E.T.), after the luxury retailer reported a 4% year-on-year…
TSMC shares climb over 2% after second-quarter results Australia stock markets climb to record high Australia’s S&P/ASX 200 climbed 0.58% to a record high of 8,689.4 during early trading hours. Year-to-date, the benchmark index as risen 6.62%, data from LSEG showed. Index heavyweights like mining giant BHP and Rio Tinto are up 1.7% and 1.32% respectively. Biotech…
Federal Reserve Chairman Jerome Powell on Thursday formally replied to a set of pointed questions from the director of the White House Office of Management and Budget about the renovation of the Fed’s Washington headquarters. Powell pointed to a newly launched page on the Fed’s public website dedicated to answering questions about the project, which…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. 1. The stock market is higher Thursday on the back of some encouraging economic data. It comes one day after Wednesday’s volatile session, which was sparked by reports that President…
My top 10 things to watch Thursday, July 17 1. GE Aerospace delivered a monster beat and raised its outlook for 2025 and and its longer-range targets for 2028. Business may be the strongest I have ever seen in this travel bull market. Its second-quarter adjusted earnings of $1.66 is what Wall Street expected the…