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. Wait is over: The Federal Reserve on Wednesday afternoon cut its benchmark overnight lending rate by a quarter percentage point, bringing its target range to 4%…
Illustrative Bitcoin and Ether tokens during a listing ceremony of a spot-Bitcoin and spot-Ether ETFs issued by China Asset Management at the Hong Kong Stock Exchange in Hong Kong, China, on Tuesday, April 30, 2024. Bloomberg | Bloomberg | Getty Images The Securities and Exchange Commission voted on Wednesday to approve proposed rule changes by three…
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video update from Mike above.) A typically erratic market response to the as-expected 25-basis-point rate cut from the Fed , which came with a median committee member outlook for two more such cuts this year, but without the…
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 CEO Dave Davis on Wednesday braced staff for more job cuts and said the carrier plans to slash its schedule in…
A trader works on the floor at the New York Stock Exchange in New York City, U.S., Sept. 17, 2025. Brendan McDermid | Reuters Stock futures rose slightly on Wednesday as investors continued to digest the latest rate cut decision from the Federal Reserve. S&P 500 futures traded up 0.2%, as did Nasdaq 100 futures….
On Tuesday, May 13, 2025 at North Javits in New York City, an incredible roster of all-star talent will tout their connections to storytelling, Disney, and each other while showcasing their latest projects for the upcoming year. Michael Le Brecht | Disney General Entertainment Content | Getty Images ABC on Wednesday night pulled the “Jimmy…
CNBC’s Jim Cramer warned investors not to make major market moves based solely on the Fed’s interest rate decisions, suggesting major market themes have not really changed in the wake of the central bank’s Wednesday meeting. “While we could’ve gotten more dovish languish from Powell, of course…No big themes were upended. No longer-term gains were…
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in July. Text removed from the July statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements….
Wall Street still has more to unpack from Wednesday’s Federal Reserve meeting, one that showed a deeply divided U.S. central bank that could add to market uncertainty. Stocks were mixed following Fed Chair Jerome Powell’s post-meeting presser, with the Dow Jones Industrial Average jumping 260 points, while the S & P 500 and Nasdaq Composite…
U.S. Federal Reserve Chair Jerome Powell walks away at the end of a press conference, following the issuance of the Federal Open Market Committee’s statement on interest rate policy, in Washington, D.C., U.S., Sept. 17, 2025. Elizabeth Frantz | Reuters The Federal Reserve on Wednesday delivered on a widely anticipated quarter percentage point interest rate…
