A customer shops for produce in an H-E-B grocery store in Austin, Texas, May 11, 2026. Brandon Bell | Getty Images Consumer prices rose in May, pushing the annual inflation rate to its highest level in three years, according to new government data. That points to a 4.7% Social Security cost-of-living adjustment for 2027, according…
CNBC’s Jim Cramer said Friday that it’s not too late for investors to buy SpaceX after its blockbuster debut— but only if they’re willing to view the stock as a long-term bet on the future rather than a traditional investment. “Is it too late to get into SpaceX?” the “Mad Money” host said. “If you’re…
SpaceX executives and employees ring the opening bell at the Nasdaq MarketSite to celebrate the launch of SpaceX’s initial public offering in New York on June 12, 2026. Adam Jeffery | CNBC Thousands of SpaceX employees who have suddenly become millionaires are redefining the wealth management business with their combined fortunes. As CNBC reported earlier…
Marvin Jung isn’t buying into SpaceX because he thinks it’s a bargain. The 51-year-old regional director of operations in veterinary care believes Elon Musk’s rocket company is coming public at a valuation that is “really, really aggressive.” Yet, he still requested 1,000 shares through Robinhood, betting enthusiasm for one of the world’s most anticipated initial…
Paramount Skydance CEO David Ellison speaks on stage during the Paramount Pictures presentation at CinemaCon at The Colosseum at Caesars Palace in Las Vegas, April 16, 2026. Valerie Macon | AFP | Getty Images The U.S. Department of Justice has signed off on Paramount Skydance’s proposed acquisition of Warner Bros. Discovery, a person familiar with…
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 are trading higher Friday afternoon, with the S & P 500’s gains pushing it firmly in positive territory for the week. That’s quite the change…
US President Donald Trump speaks before signing a proclamation in the Oval Office of the White House in Washington, DC, on June 11, 2026. Kent Nishimura | AFP | Getty Images The U.S. and Iran could sign a deal that includes reopening the Strait of Hormuz and taking steps to dismantle Iran’s nuclear program in…
Workers erect scaffolding at the Kennedy Center in Washington, DC, US, on Friday, June 12, 2026. Andrew Leyden | Bloomberg | Getty Images President Donald Trump‘s name still must come off the Kennedy Center in Washington, D.C., a federal judge ruled Friday in rejecting a last-minute bid to block an earlier order to remove the…
CEO Gwen Shotwell and SpaceX executives ring the opening bell at the Nasdaq on June 12th, 2026. Adam Jeffery | CNBC SpaceX shares soared on Friday as trading commenced on the Nasdaq, driving the rocket company’s valuation above $2 trillion. The Elon Musk-led space company’s stock was last trading 23% higher in midday trading to…
Acting U.S. Attorney General Todd Blanche listens to a reporter’s question during a press conference at the Department of Justice June 11, 2026 in Washington, DC. Win McNamee | Getty Images A federal judge in Virginia on Friday granted a longer block against the Department of Justice implementing a “Anti-Weaponization Fund,” saying that Acting Attorney…
