U.S. President Donald Trump delivers remarks at the McDonald’s Impact Summit at the Westin Hotel in Washington, D.C., U.S., Nov. 17, 2025. Evelyn Hockstein | Reuters President Donald Trump on Monday said that California Gov. Gavin Newsom is “laying siege on the minimum wage.” Trump’s comments at the McDonald’s Impact Summit likely referred to California’s…
Shoppers walk through Manhattan on Nov. 7, 2025, in New York City. Spencer Platt | Getty Images High-income consumers are trading down, Gen Z is spending less, and low-income shoppers are still struggling, according to many consumer companies that shared their latest quarterly results in recent weeks. Those trends may not bode well for the…
CNBC’s Jim Cramer offered advice on how to deal with declines, using Tuesday’s down session as an example. He encouraged investors to use widespread losses as a buying opportunity, pointing out that the indexes managed to rebound on Wednesday. “If you trust the market, if you don’t believe that one stock controls the entire tape,…
A Starbucks outlet in Hangzhou in east China’s Zhejiang province Thursday, Oct. 30, 2025. Long Wei | Feature China | Future Publishing | Getty Images Starbucks on Monday announced it is forming a joint venture with Boyu Capital to operate the company’s locations in China. Under the terms of the deal, Boyu, an alternative asset…
A Taco Bell restaurant in El Cerrito, California, US, on Tuesday, April 29, 2025. David Paul Morris | Bloomberg | Getty Images With more consumer companies preparing to report third-quarter earnings this week, Wall Street will be watching for signs of a bifurcated or “K-shaped” economy as consumers diverge in their spending behaviors. There have…
CNBC’s Jim Cramer on Friday told investors what to pay attention to next week on Wall Street, highlighting earnings from Palantir, McDonald’s, Robinhood and Warner Bros Discovery. Cramer offered an optimistic outlook for November, even as Wall Street worries about weakrning consumer-oriented companies as the government shutdown persists. He said November and December usually tend…
Amazon Proteus robots demonstrate autonomous navigation using barcodes on the floor during the Delivering the Future event at the Amazon Robotics Innovation Hub in Westborough, Massachusetts, US, on Thursday, Nov. 10, 2022. Bloomberg | Bloomberg | Getty Images Artificial intelligence is widening the productivity gap between large and small companies, lifting up bigger firms that…
Coke beverages are displayed in a 7-eleven convenient store on July 17, 2025 in Austin, Texas. Brandon Bell | Getty Images Amid recession fears, a government shutdown and tariff uncertainty, consumers are increasingly diverging in their spending. Wealthier Americans are engaging their purchasing power, while lower-income Americans are starting to pull back — commonly described…
Amazon Web Services Inc. signage at the Nvidia GPU Technology Conference in San Jose, California, on March 20, 2025. David Paul Morris | Bloomberg | Getty Images Amazon Web Services, a leader in the cloud infrastructure market, reported a major outage on Monday, taking down numerous big-name websites. AWS cited an “operational issue” affecting “multiple…
Samuel Boivin | Nurphoto | Getty Images OpenAI launched short-form video app Sora this week, and users have flooded the platform with artificial intelligence-generated clips of popular brands and animated characters. The startup could soon face a deluge of copyright lawsuits, experts told CNBC. “A lot of the videos that people are going to generate…
