A few stocks in the S & P 500 are headed toward a worrisome chart pattern as rising trade tensions put pressure on global markets Walt Disney and Bank of America are among the names about to form a “death cross,” a chart pattern that forms when a stock’s 50-day moving average falls below its…
From left, U.S. President Donald Trump, Senator Dave McCormick, his wife Dina Powell McCormick and Elon Musk watch the men’s NCAA wrestling competition at the Wells Fargo Center in Philadelphia, Pennsylvania, on March 22, 2025. Brendan Smialowski | Afp | Getty Images Meta on Friday announced that it was expanding its board of directors with…
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 Friday’s key moments. 1. The stock market has been extremely volatile Friday, seesawing between gains and losses. The S & P 500 marched toward a positive week despite Thursday’s nasty sell-off. That’s because…
Elon Musk’s xAI, the artificial intelligence startup trying to take on OpenAI, is facing scrutiny in Memphis, Tennessee, for alleged environmental violations at its data center. In a letter sent to the Shelby County Health Department on April 9, the Southern Environmental Law Center said aerial imagery and other data showed that xAI has installed “a…
The Nasdaq Marketsite is seen during morning trading on April 7, 2025 in New York City. Michael M. Santiago | Getty Images Every bear market has days like this. The Nasdaq soared 12% on Wednesday, the second-best day on record for the tech-heavy index and its sharpest rally since January 2001, which was the middle…
President Donald Trump Saul Loeb | AFP | Getty Images Investors who followed President Donald Trump’s blunt advice to buy stocks on Wednesday morning received a windfall when the president hours later rolled back some of his market-ruining tariffs. At 9:37 a.m. ET, just minutes after the opening bell, Trump posted on Truth Social that…
A drone view shows shipping containers from China, at the China Shipping (North America) Holding Company Ltd. facility at the Port of Los Angeles in Wilmington, California, Feb. 4, 2025. Mike Blake | Reuters Trump tariffs have officially kicked in — and they include a ghastly 104% duty on Chinese imports. Despite growing consternation and…
Shipping containers at the Yantian International Container Terminals, operated by CK Hutchison Holdings Ltd.’s Hutchison Port Holdings Trust (HPH Trust), in Shenzhen, China, on Monday, April 7, 2025. Bloomberg | Bloomberg | Getty Images This report is from the inaugural edition of CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s…
Shipping containers and gantry cranes beyond a fishing boat near the Yangshan Deepwater Port in Shanghai, China, on Wednesday, Dec. 6, 2023. China’s trade figures are scheduled for release on Dec 7. Bloomberg | Bloomberg | Getty Images In just a few hours, Trump tariffs will kick in — which includes a ghastly 104% duty…
Negative impacts from President Donald Trump’s intensifying global trade war could include stagflation and an even more drastic drawdown in the stock market, according to Torsten Slok, Apollo Global Management’s chief economist. The widely-followed economist sees a dire situation emerging in the tariff chaos, leading him to conjure up a host of downside risks to…