Witthaya Prasongsin | Moment | Getty Images Senate Republicans are threatening to hike taxes on clean energy projects and abruptly phase out credits that have supported the industry’s expansion in the latest version of President Donald Trump‘s big spending bill. The measures, if enacted, would jeopardize hundreds of thousands of construction jobs, hurt the electric…
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 and Nasdaq were modestly higher Monday after logging record-high closes on Friday. They are both poised to close…
Home Depot is going back to the acquisition well in its bid to capture more spending dollars from professional contractors. The news The home improvement retailer announced Monday that it is acquiring GMS, a building materials distributor that specializes in products such as drywall, steel studs and insulation . Under the agreement, Home Depot’s subsidiary…
The White House will likely ask more countries to drop their digital services taxes as part of ongoing trade talks, a senior Trump administration official said Monday after Canada rescinded its DST over the weekend. “My expectation is that the digital services taxes around the world will be taken off, and that that will be…
Bank stocks rose Monday following the Federal Reserve’s late Friday announcement of its annual stress test results. Wall Street analysts say these two Club holdings came out on top. The news Morgan Stanley analysts described Goldman Sachs and Wells Fargo as the “biggest winners” of the 2025 stress tests, which put U.S. banks with at…
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 Monday’s key moments. 1. Stocks were higher across the board Monday morning, building off Friday’s record close for the S & P 500 . Throughout Monday’s meeting, Jim talked stressed the importance of…
Construction work on solar power arrays continues at rPlus Energies’ Green River Energy Center in Emery, Utah, U.S. June 11, 2025. Jim Urquhart | Reuters Clean energy stocks fell on Monday as President Donald Trump’s spending legislation now includes a tax on wind and solar projects using Chinese components and phases out credits faster than…
Traders work at the New York Stock Exchange on June 18, 2025. NYSE U.S. stocks have strongly rebounded after a rough start to the year, even as the outlook for the world’s largest economy and its interest rates remains as uncertain as ever. Economic modeling is “very difficult” right now because “things are changing constantly,”…
Tom Lee Adam Jeffery | CNBC Fundstrat’s Tom Lee is joining a little known bitcoin miner aiming to become the biggest publicly traded holder of ether. Lee, a high-profile market strategist known for his prescient bitcoin price forecasts and stock predictions, has been appointed chairman of the board of directors of BitMine Immersion Technologies, effective…
When the tyranny of the “Magnificent Seven” ended, I always figured the money would go to the rest of tech. I also didn’t think that there would be anything left of the Mag 7 to invest in. They would all be obliterated as part of a source-of-funds move. Club name Nvidia would be grounded by…
