CNBC’s Jim Cramer on Wednesday discussed a couple broad ideas that he thinks are driving market action, saying it’s important to understand trends and impactful current events. “You know why I first got into this whacky business? Stories, stories that’s why,” Cramer said. “Tremendous, intriguing stories, tales that could explain what’s going to happen —…
Senate Majority Leader John Thune (R-SD), flanked by Sen. John Barrasso (R-Wyoming), Sen. Mike Crapo (R-Idaho) and Sen. Lindsey Graham (R-SC), speaks to reporters after the Senate passed President Trump’s reconciliation package on July 1, 2025. Bill Clark | Cq-roll Call, Inc. | Getty Images Tax cuts are the centerpiece of a massive legislative package…
Jaque Silva | Nurphoto | Getty Images OpenAI is distancing itself from Robinhood‘s latest crypto push after the trading platform began offering tokenized shares of OpenAI and SpaceX to users in Europe. “These ‘OpenAI tokens’ are not OpenAI equity,” OpenAI wrote on X. “We did not partner with Robinhood, were not involved in this, and…
A hiring sign is displayed in a Dominos Pizza window on June 25, 2025 in Austin, Texas. Brandon Bell | Getty Images For federal government workers who worked at agencies tied to this year’s job cuts, an apparent slowdown in the labor market is happening at the worst possible time. A gradual pullback in hiring…
Amazon logo on a brick building exterior in San Francisco on Aug. 20, 2024. Smith Collection | Gado | Archive Photos | Getty Images Amazon is discontinuing its standalone free streaming TV service next month as it looks to consolidate its content offerings under Prime Video. The service, called Freevee, launched in 2019 underneath IMDb,…
Bottles of Modelo beer are displayed on a shelf at a BevMo store on January 05, 2024 in San Rafael, California. Justin Sullivan | Getty Images Constellation Brands’ beer sales fell 2% in its latest quarter as President Donald Trump‘s deportations and consumers’ broader economic fears weighed on demand. In April, Constellation CEO Bill Newlands…
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: The S & P 500 was nicely higher on Wednesday, with the broad market index on pace for another record close. The session follows…
Microsoft on Wednesday announced its biggest round of layoffs this year — aimed at driving efficiencies and taking advantage of new technologies. Jim Cramer is not ready to blame AI for the job cuts. The software giant said it plans to reduce its global workforce by less than 4%, which translates to about 9,000 positions….
The Senate narrowly passed its spending megabill on Tuesday night. The House is aiming to vote on the bill and send it to President Donald Trump by July 4, but it’s unclear whether Republicans have the votes to pass the bill in its current form. Among numerous provisions aimed at reducing federal spending and increasing tax…
A representation of cryptocurrency Ethereum is placed on a PC motherboard in this illustration taken on June 16, 2023. Dado Ruvic | Reuters Stocks tied to the price of ether, better known as ETH, were higher on Wednesday, reflecting renewed enthusiasm for the crypto asset amid a surge of interest in stablecoins and tokenization. BitMine…
