U.S. consumers have proved economic pessimists wrong multiple times over the last few years, and they appear to be on their way to doing that again this summer. The June retail sales data came in hotter than expected, rising 0.6% month over month, the Census Bureau said Thursday. That easily topped the 0.2% monthly gain…
Doug Burgum, U.S. Secretary of the Interior speaks during the Pennsylvania Energy And Innovation Summit 2025 at Carnegie Mellon University in Pittsburgh on July 15, 2025 David A. Grogan | CNBC Solar and wind projects that need federal permitting will face even closer scrutiny by the Trump administration, with Interior Secretary Doug Burgum now making…
First Lady Melania Trump, President Donald Trump, FIFA President Gianni Infantino and his wife, Leena Al Ashqar, attend the FIFA Club World Cup 2025 final football match between England’s Chelsea and France’s Paris Saint-Germain at MetLife Stadium in East Rutherford, New Jersey, July 13, 2025. Charly Triballeau | AFP | Getty Images President Donald Trump…
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. Market moves: Stocks were higher Thursday as the market continued to make its way through second quarter earnings season. Gains in the technology and industrials sectors…
Shares of Abbott Laboratories fell Thursday after the diversified health-care company delivered a solid second quarter but left investors disappointed with forward guidance. Revenue in the three months ended June 30 rose 7.4% to $11.14 billion, outpacing the $11.07 billion consensus estimate, according to estimates compiled by LSEG. Organic sales , excluding Covid testing results,…
A family shops in a Walmart Supercenter on May 15, 2025 in Austin, Texas. Brandon Bell | Getty Images SECAUCUS, N.J. — As customers walk the aisles of Walmart stores, there are some early signs that higher tariffs are changing pricing. The nation’s largest retailer warned in May that it would have to raise prices…
(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C., on Dec. 6, 2023. Saul Loeb | Afp | Getty Images Nearly everywhere you look…
Check out the companies making the biggest moves midday: Steven Madden — The fashion footwear company jumped more than 5% after Citi upgraded the stock to buy from neutral. The Wall Street firm said the market is underappreciating the acquisition of UK-based Kurt Geiger, while a favorable shift towards dress shoes and away from sneakers…
Netflix is due to report second-quarter earnings after the closing bell Thursday. The streaming service is no longer offering investors quarterly subscriber updates, but Wall Street will be keen to hear how recent price hikes and the platform’s growing advertising tier are faring — especially as businesses across all sectors grapple with consumers tightening their…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Morgan Brennan sits down with Hadrian founder and CEO Chris Power to discuss the startup’s $260 million Series C round led by Founders Fund and Lux, as well as a factory expansion line led by Morgan Stanley. Morgan and Chris explore how…
