US Federal Reserve Chair Jerome Powell speaks during a press conference at the Federal Reserve Board Building in Washington, DC, on Jan. 28, 2026. Saul Loeb | AFP | Getty Images Federal Reserve Chair Jerome Powell says he will keep serving as head of the central bank if his nominated successor, Kevin Warsh, is not…
WASHINGTON – The Federal Reserve on Wednesday voted to hold its key interest rate steady as policymakers navigate their way through higher-than-expected inflation readings, mixed signs on the labor market – and a war. In a widely expected decision, the Federal Open Market Committee voted 11-1 to keep the benchmark federal funds rate anchored in…
Industrial-focused stocks have been stumbling since the start of the Iran war on fears that higher oil prices will ignite a fresh wave of inflation and make it difficult to transport goods to and from the Mideast. Club holdings Honeywell , Dover , and Linde each have a way to weather the storm. Honeywell Honeywell…
At Nvidia’s annual developer conference on Monday, CEO Jensen Huang took the stage to a packed house and said he expects purchase orders between Blackwell and Vera Rubin to reach $1 trillion through 2027. Last year, the company had projections for a $500 billion revenue opportunity between the two chip technologies. Following Nvidia’s earnings report…
A trifecta of uncertainty — from the Iran war to AI disruption to private credit — is crushing financial stocks this year. While shares of Goldman Sachs and Wells Fargo have been caught up in the downdraft, their businesses should be largely insulated from these headwinds. Nevertheless, Club stocks Goldman Sachs and Wells Fargo have…
Nvidia showed CNBC its latest Vera CPU at its Santa Clara, California, headquarters on Feb. 13, 2026. Marc Ganley | CNBC Nvidia‘s graphics processing units have been the hottest-selling chips for years, but the sudden advent of agentic artificial intelligence has brought on a renaissance for its more modest host chip, the central processing unit….
A federal judge in a scathing ruling blocked subpoenas issued by a grand jury to the Federal Reserve as part of a criminal investigation of Chair Jerome Powell. U.S. Attorney for the District of Columbia Jeanine Pirro immediately said that the Department of Justice would appeal what she called the “outrageous” ruling, after it was…
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. The S & P 500’s oversold bounce could not hold on Friday, and the early gains were erased. The reason was oil, which was lower for…
U.S. Federal Reserve Chair Jerome Powell reacts during a press conference following a two-day meeting of the Federal Open Market Committee (FOMC) on interest rate policy, in Washington, D.C., U.S., Jan. 28, 2026. Jonathan Ernst | Reuters As both energy prices and inflation fears pop, expectations for Federal Reserve interest rate cuts are sliding. Traders…
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. The Dow plunged more than 500 points on Thursday as oil prices continued to surge after Iran’s new Supreme Leader, Mojtaba Khamenei, said the Strait of Hormuz would stay…
