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…
Federal Reserve Chairman Kevin Warsh testified Wednesday before the Senate Banking Committee, facing questions over the the economy and how various factors might impact interest rates. Part of congressionally mandated Capitol Hill appearances for the central bank leader, Warsh spoke Tuesday to the House Financial Services Committee. During his remarks, he reaffirmed the Fed’s commitment…
People gather near a SpaceX advertisement outside the Nasdaq MarketSite, on the day of their initial public offering (IPO) in New York City, U.S., June 12, 2026. Brendan Mcdermid | Reuters SpaceX shares fell for a fourth-straight session on Wednesday, dropping below their $135 initial public offering price for the first time, about a week…
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…
People shop for groceries at a store in Arlington, Virginia, the United States, on June 10, 2026. Li Rui | Xinhua News Agency | Getty Images Wholesale prices unexpectedly fell in June as sliding energy prices helped brighten the inflation picture, the Bureau of Labor Statistics reported Wednesday. The produce price index posted a seasonally…
US President Donald Trump speaks during a meeting with Prime Minister of Iraq Ali al-Zaidi in the Oval Office of the White House in Washington, DC, on July 14, 2026. Saul Loeb | Afp | Getty Images The U.S. launched a fresh round of strikes on Iran early Wednesday morning, hours after President Donald Trump…
Samuel Boivin | Nurphoto | Getty Images PayPal jumped in premarket trading Wednesday after Stripe and Advent International reportedly made a joint offer to acquire the payments firm in a $53 billion deal. Payments firm Stripe and private equity company Advent are planning to buy PayPal for $60.50 per share, Reuters reported Wednesday, citing two…
People work on the floor of the New York Stock Exchange (NYSE) on July 07, 2026 in New York City. Spencer Platt | Getty Images International Business Machines shares plummeted 25% on Tuesday after the hardware, software and consulting provider released preliminary second-quarter results that fell short of expectations. The stock logged its worst day…
SK Hynix Inc. signage at the company’s office in Seongnam, South Korea, on Tuesday, June 30, 2026. SeongJoon Cho | Bloomberg | Getty Images SK Hynix led a broad rally in Asian technology shares on Wednesday, tracking a rebound in U.S. semiconductor names after a sharp sell-off earlier this week. Shares of the South Korean…
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….
