The Zhongji Innolight logo is displayed on the screen of a tablet computer. Sopa Images | Lightrocket | Getty Images Shares of Zhongji Innolight fell 5% on Thursday after the Chinese optical transceiver maker made its trading debut on the Hong Kong Stock Exchange. The company raised HK$53.4 billion ($6.8 billion) after pricing its initial…
DoubleLine Capital CEO Jeffrey Gundlach said the Treasury market is signaling that the Federal Reserve will need to do more than talk tough if policymakers are serious about reaching their 2% inflation target. “If you really want to get to 2%, I think you have to raise interest rates,” Gundlach said on CNBC’s “Closing Bell”…
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. The Federal Reserve left interest rates unchanged on Wednesday afternoon after the conclusion of its July meeting . Unlike recent meetings when markets had a strong…
WASHINGTON – The Federal Reserve on Wednesday voted to hold its key interest rate steady but not without opposition from three officials who have expressed concern over inflation and wanted to hike. Despite increasing support among some officials for a rate increase, the Federal Open Market Committee voted 9-3 to leave the federal funds rate…
Boxes of Tide Pods laundry detergent are displayed at a Costco Wholesale store on May 15, 2026 in San Diego, California. Kevin Carter | Getty Images Procter & Gamble on Wednesday reported mixed quarterly results, as underwhelming demand for its products resulted in weaker-than-expected sales. Shares of the company fell roughly 3% in morning trading….
Shortly after the opening bell, we will be exiting our position in Procter & Gamble , selling 200 shares at roughly $144. Following the trade, Jim Cramer’s Charitable Trust will no longer own a position in PG. Shares of Procter & Gamble are falling roughly 3%, or $4.50 apiece, in premarket trading after reporting mixed…
Customers enter a Taco Bell restaurant in La Cañada Flintridge, California, on July 14, 2026. Mario Tama | Getty Images Yum Brands is expected to report its second-quarter earnings before the bell on Thursday, but executives will likely face more questions about how the cyclosporiasis outbreak tied to Taco Bell is hitting its business during…
South Korean Finance Minister Koo Yun-cheol said on Tuesday he would try to derive a mutually beneficial trade agreement with the United States. Bloomberg | Bloomberg | Getty Images South Korea’s finance minister apologized on Wednesday after retail investors racked up heavy losses from leveraged bets on stocks, following rule changes earlier this year. The…
SWANSEA, WALES – FEBRUARY 24: Swansea City AFC club co-owner Snoop Dogg walks around the pitch prior to the Sky Bet Championship match between Swansea City and Preston North End at the Swansea.com Stadium on February 24, 2026 in Swansea, Wales. (Photo by Athena Pictures/Getty Images) Athena Pictures | Getty Images Sport | Getty Images…
Zolfaghar and Qadr missiles alongside a metal model of a mini submarine are displayed at Azadi Square as the mutual attacks between Iran and the US, sparked by the parallel routes established in the Strait of Hormuz, intensify day by day in Tehran, Iran on July 24, 2026. Fatemeh Bahrami | Anadolu | Getty Images…
