1. The S & P 500 was on track for another record-high close in Thursday’s shortened trading session. The government’s June jobs report was strong, with better-than-expected nonfarm payroll growth and a lower-than-expected unemployment rate. Jim Cramer said that Federal Reserve Chairman Jerome Powell’s wait-and-see approach to interest rates was proven correct again. Even if…
The retail industry is breathing a sigh of relief after it appeared to avoid the worst case scenario on Vietnam tariffs. But some executives believe the tentative trade deal President Donald Trump announced Wednesday is still bad for business and could have a chilling effect on consumer spending. “It’s a lot better news than where…
U.S. President Donald Trump wears a “Gulf of America” hat as he boards Air Force One to depart for Florida, at Joint Base Andrews, Maryland, U.S., July 1, 2025. Evelyn Hockstein | Reuters President Donald Trump said he will speak to Russian President Vladimir Putin on Thursday at 10 a.m. ET. The call comes two…
My top 10 things to watch Thursday, July 3 1. Wall Street is set for a higher open after better-than-expected June job creation. The S & P 500 closed at another record high yesterday as President Donald Trump announced a Vietnam trade deal. Investors are also watching House voting on the Trump-backed megabill of spending…
Cans of Molson Coors Brewing Co. Miller Lite and Coors Light brand beer Daniel Acker | Bloomberg | Getty Images Americans may spend more on common barbeque items this Fourth of July with prices on products like beer, outdoor folding chairs and grill tools higher, according to a new congressional report. The total cost of…
Speaker of the House Mike Johnson, R-La., talks with the media after the House Republican Conference meeting on a plan to fund the government and avert a shutdown in the U.S. Capitol on Friday, December 20, 2024. Tom Williams | CQ-Roll Call, Inc. | Getty Images The U.S. House on Thursday began a final debate…
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 —…
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….
