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. Stocks gave up earlier gains and edged lower Friday afternoon , putting the S & P 500’s seven-day winning streak at risk. It’s been a strong…
Michael Burry attends “The Big Short” New York premiere at the Ziegfeld Theater in New York, Nov. 23, 2015. Andrew Toth | Filmmagic | Getty Images Michael Burry is sticking with his bearish wager against Palantir Technologies, even after a public endorsement from President Donald Trump helped lift the stock. The investor of the “Big…
A man shops for butter at a supermarket in Houston, Texas, on March 17, 2026. Ronaldo Schemidt | AFP | Getty Images Consumer prices spiked in March as the Iran war sent energy costs soaring and took the Federal Reserve further from its inflation target, according to a Bureau of Labor Statistics reported Friday. Underlying…
BlackRock is applying hedge fund strategies to its exchange-traded fund business. Jeffrey Rosenberg, the firm’s senior portfolio manager on the systemic fixed income team, has a leading role in the firm’s liquid alternatives ETFs — which use a long-short strategy in ETF wrappers. He contends the strategy provides valuable diversification amid the recent breakdown in…
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas. Richard Carson | Reuters Oil prices edged higher in choppy trading Friday as tensions around the Strait of Hormuz deepened, with the vital shipping lane still largely closed despite…
Kevin Warsh, Fellow in Economics at the Hoover Institution and lecturer at the Stanford Graduate School of Business, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. Brendan McDermid | Reuters An expected nomination hearing for Federal Reserve chair candidate Kevin Warsh has been delayed, a person familiar with the…
The West Texas Intermediate was up 0.62% at $98.48 per barrel as of 7:50 p.m. ET. Brent crude ended the session at $95.92 per barrel. Source link
Cargo vessel, Ali 25, in the Gulf, near the Strait of Hormuz on March 22, 2026 in northern Ras al Khaimah, United Arab Emirates. Getty Images The U.S. and Iran’s “fragile truce” has lifted hopes that a full reopening of the Hormuz Strait can end the energy supply crunch that threatens to cripple the global…
A month into the worst oil supply disruption since the 1970s Arab embargo, the economic pain spreading across Asia is reviving an uncomfortable question: Could this be 1997 all over again? The parallels are hard to ignore. Asian currencies are under pressure, fueling the risk of capital outflows. Spiking energy costs have pushed governments to…
Shares in Europe are poised to open in mixed territory on Thursday, as the fragile truce agreed between the U.S. and Iran already shows signs ofstrain. The U.K’s FTSE 100 is set to open 0.4% higher, according to IG futures data, while France’s Cac 40 is on course to open 0.2% lower. Germany’s DAX 0.4%…
