Billboards in Times Square celebrate the SpaceX IPO debut at the Nasdaq on June 12th, 2026. Adam Jeffery | CNBC Good times for SpaceX are proving short-lived as Elon Musk’s intergalactic IPO is now giving fodder to bears who said the U.S. stock market wasn’t ready for a $2 trillion market-cap injection. Shares of the…
A live feed shows SpaceX CEO Elon Musk on the day of SpaceX’s initial public offering (IPO) at the Nasdaq MarketSite, in New York City, U.S., June 12, 2026. Jeenah Moon | Reuters Short sellers are rapidly increasing their bets against SpaceX, driving bearish positioning to nearly one-third of the company’s public float as the…
President Donald Trump (L) and Sen. Elizabeth Warren (D-MA). Reuters | Getty Images Sen. Elizabeth Warren, D-Mass., said Thursday that the Trump administration’s overhaul of the Consumer Financial Protection Bureau has cost Americans up to $26.5 billion so far, the latest Democratic critique of sweeping changes made to the agency. In a report shared first…
CNBC’s Jim Cramer said Wednesday that it’s time for companies to prove artificial intelligence is paying off. “I need cold hard return facts,” the “Mad Money” host said. “Or, I, too, will grow more skeptical than I am now.” The AI boom has fueled massive spending by technology companies, and there’s no end in sight….
Soccer fans gather for a watch party during the World Cup semifinal match between Spain and France at China Basin Park in San Francisco, July 14, 2026. Heather Diehl | Getty Images While the FIFA World Cup provided a tourism boost to host cities, its positive impact was mitigated by economic weakness seen elsewhere, according…
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. Stocks rose Wednesday as investors got a second favorable inflation report in as many days. Before the opening bell, the June producer price index unexpectedly declined 0.3%, reflecting a…
U.S. Social Security Administration Commissioner Frank Bisignano speaks during a press conference to unveil the official Trump Accounts website, at the Treasury Department in Washington, D.C., U.S., December 17, 2025. Aaron Schwartz | Reuters The U.S. Treasury Department is putting top official Frank Bisignano in charge of implementing the expansion of its popular Trump accounts,…
Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBC Morgan Stanley on Wednesday posted record revenue and profit for the second quarter, driven by a 69% surge in equities trading revenue. Here’s what the company reported: Earnings…
Chairman and CEO of JPMorgan Chase & Co. Jamie Dimon and Goldman Sachs Chairman and CEO David Solomon. Angela Weiss | AFP | Getty Images American megabanks on Tuesday gave evidence that the global artificial intelligence boom isn’t just benefiting tech giants and chip makers. Goldman Sachs and JPMorgan Chase each posted record quarterly revenue…
CNBC’s Jim Cramer said Tuesday that today’s stock market is nowhere near the kind of bubble that preceded the dot-com crash. While companies such as SpaceX may fuel perceptions of excess, Cramer argued they are exceptions to the rule, rather than representative of the broader market. “There are always outliers,” the “Mad Money” host said….
