Almost every night, for almost a decade, I got a phone call between 7:00 and 7:01 p.m. ET. I didn’t have to look at the three letters on my phone screen to know who was ringing. It was the old man we called Pop, or more like “The Old Man of the Mountain,” as he…
Scott Bessent, US treasury secretary, arrives to speak during a site expansion groundbreaking ceremony at the Boeing South Carolina (BSC) manufacturing facility in North Charleston, South Carolina, US, on Friday, Nov. 7, 2025. Sean Rayford | Bloomberg | Getty Images Treasury Secretary Scott Bessent said on Sunday the U.S. was not at risk of entering…
The stock market heads into the holiday-shortened week anticipating the release of data delayed by the government shutdown, along with a lingering undercurrent of worry about AI stock valuations and massive data center spending. Investors will look to determine what it all means for the Federal Reserve’s next interest rate move. Reminder: The stock market…
John Williams, president and chief executive officer of the Federal Reserve Bank of New York, speaks during an Economic Club of New York (ECNY) event in New York, US, on Thursday, Sept. 4, 2025. David Dee Delgado | Bloomberg | Getty Images Communication at the Federal Reserve, particularly at the highest levels, rarely happens by…
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Just one week after Berkshire Hathaway’s revelation last Friday that it purchased 17.8 million Class A shares of Google’s parent, Alphabet, in the third quarter (July-September), that…
This week, volatility took hold of the AI trade as bubble fears continued to rise and Nvidia‘s blowout earnings failed to steady the market. “Unless you’re the most optimistic person on the planet … you know you’re in a bubble, right?” Dan Niles, founder of Niles Investment Management, told CNBC’s Deirdre Bosa. “There is no…
A worker repairs a power line in Austin, Texas, U.S., on Wednesday, Feb. 18, 2021. Thomas Ryan Allison | Bloomberg | Getty Images The rapid expansion of data centers in Texas is driving electricity demand higher during the winter, compounding the risk of supply shortfalls that could lead to blackouts during freezing temperatures. The Lone…
Stocks bounced back Friday, but not enough to recover the week’s earlier losses. All three major averages posted gains — with the Dow Jones Industrial Average and the S & P 500 each adding about 1%, while the Nasdaq Composite advanced 0.9% — after New York Fed President John Williams suggested that a December rate…
Omar Marques | Lightrocket | Getty Images Robinhood shares suffered brutal weekly loss as the once-red-hot trades in bitcoin and AI stocks that powered its growth lost momentum. The popular brokerage platform saw the stock decline 12.4% this week. The stock tumbled 10.1% on Thursday and rebounded 1% Friday. November alone has erased 27% of…
CNBC’s Jim Cramer on Friday walked investors through next week on Wall Street which, although short, is chock full of earnings. He highlighted reports from retailers including Burlington Stores, Best Buy and Kohl’s, as well as tech giant Dell. “Every data point, every bit of research and earnings will be scrutinized starting Monday, just like…
