Consumer sentiment has tumbled to a fresh record low in May as fears of higher prices grow due to the U.S.-Iran war and elevated oil prices, the University of Michigan’s Surveys of Consumers said Friday. The index of consumer sentiment fell to 44.8 from a preliminary reading of 48.2. It’s also well below the 49.8…
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. Markets are closing out Friday on a higher note, with the S & P 500 reapproaching 7,500 and on pace for its eighth straight week of gains….
The S&P 500 has staged an impressive recovery, rallying more than 17% off its March lows on a combination of tariff relief optimism, resilient earnings and a powerful rebound in semiconductors. It is a move that has rewarded patience. It is also one that has quietly made hedging both more affordable and more strategically sensible….
Kevin Warsh, then U.S. President Donald Trump’s nominee for Chair of the Federal Reserve, delivers an opening statement during his Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing in the Dirksen Senate Office Building on April 21, 2026 in Washington, DC. Andrew Harnik | Getty Images Incoming Federal Reserve Chair Kevin Warsh‘s talk…
A Walmart store in Austin, Texas, Feb. 3, 2026. Brandon Bell | Getty Images Two top Walmart executives are departing the company, nearly four months after CEO John Furner took over, according to internal memos viewed by CNBC on Friday. Tom Ward, the chief operating officer of Walmart’s warehouse chain Sam’s Club, is retiring, and…
A Tesla Cybertruck drives past SpaceX facilities in Hawthorne, California, US, on Monday, April 13, 2026. Ethan Swope | Bloomberg | Getty Images SpaceX launched its massive Starship rocket on Friday after a first try was scrubbed due to technical issues a day earlier. A 90-minute launch window opened at 6:30 p.m. ET, and the…
Still from “Star Wars: The Mandalorian and Grogu.” “Star Wars” returns to the big screen for the first time in seven years this weekend, riding the contrails of a Mandalorian’s jetpack. Disney’s “Star Wars: The Mandalorian and Grogu” tallied $12 million in Thursday night preview sales, the lowest collection of advance tickets in the franchise’s…
Qualcomm CEO Cristiano Amon delivers a keynote speech at Computex in Taipei, Taiwan, May 19, 2025. Ann Wang | Reuters Qualcomm shares surged 12% on Friday and are now up 75% in the past month, as the chipmaker’s increasingly central position in the physical AI boom becomes more apparent to Wall Street. The stock is…
Kilmar Abrego Garcia leaves a check-in at the U.S. Immigration and Customs Enforcement Baltimore Field Office the day after a federal judge ordered his release from a detention in Pennsylvania, on Dec. 12, 2025 in Baltimore, Maryland. Chip Somodevilla | Getty Images A federal judge in Tennessee on Friday dismissed human smuggling charges against Kilmar…
US President Donald Trump and Donald Trump Jr. walk on the south lawn toward the White House in Washington, DC, on May 3, 2026. Mandel Ngan | AFP | Getty Images President Donald Trump on Friday said he won’t attend the wedding this weekend of his eldest son, Donald Trump Jr., to socialite Bettina Anderson….
