Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Note: This story has been updated since initial publication to include new information regarding Energy Secretary Chris Wright’s social-media post. Stocks rebounded from early declines and oil…
SpaceX headquarters is shown in Hawthorne, California, U.S. June 5, 2025. Daniel Cole | Reuters Elon Musk’s rocket and satellite maker SpaceX is leaning toward listing its shares on the Nasdaq for what could rank as the biggest initial public offering of all time, according to four people familiar with the company’s thinking. SpaceX wants…
A Citgo gas station stands in Boston, Massachusetts, U.S., Jan. 6, 2026. Brian Snyder | Reuters Drivers are seeing the highest gas prices in more than a year and a half as the U.S.-Iran war disrupts the global oil trade. The average price per gallon of unleaded gas in the U.S. climbed to about $3.54…
Home sales made a small gain to start the year, but higher mortgage rates now could throw cold water on the spring season. Existing home sales in February rose 1.7% from January to a seasonally adjusted, annualized rate of 4.09 million units, according to the National Association of Realtors. Sales were down 1.4% from February of…
Check out some of the companies making the biggest moves midday: Hims & Hers Health – Shares of the telehealth company jumped 3%. Bank of America upgraded the stock to neutral from underperform after Novo Nordisk dropped its patent infringement case against Hims, and the companies agreed that Hims would sell Novo’s Ozempic and Wegovy…
Russian leaders told President Donald Trump during a phone call on Monday that they are not sharing intelligence with Iran during the United States’s war on that country, U.S. Special Envoy Steve Witkoff said during a CNBC interview on Tuesday. “We can take them at their word,” Witkoff told CNBC’s “Money Movers.” “Let’s hope that…
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. It’s…
Oil prices fell Tuesday as U.S. President Donald Trump predicted the war in the Middle East could end soon, easing fears over prolonged global oil disruptions. Bob Cuthill | 500px | Getty Images The International Energy Agency will convene an extraordinary meeting of its member countries Tuesday to discuss a possible release of oil stockpiles…
A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images Spirit Airlines is calling back all furloughed pilots after higher-than-expected attrition has strained its operation, according to a company memo, which was reviewed…
The U.S. Department of Education headquarters is seen on March 06, 2025 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images A federal appeals court has ordered the end of the Saving on a Valuable Education, or SAVE, plan, the Biden-administration-era repayment program that brought lower monthly bills to millions of student…
