The conundrum of the stock market going down ahead of Jackson Hole confounded me. With a market that had been headed down every day, except for deep cyclicals and housing-related stocks, the setup seemed extreme. By the end of the week, the bet was one way: Federal Reserve Chairman Jerome Powell , perhaps because he…
United States President Donald Trump participates in a Multilateral Meeting with European Leaders in the East Room of the White House in Washington, DC, US. Picture date: Monday August 18, 2025. Aaron Schwartz – Pa Images | Pa Images | Getty Images U.S. President Donald Trump has been on a multimillion-dollar bond-buying spree since taking…
It was a dizzying week on Wall Street. The S & P 500 closed this past Monday at a record high and then went on a four-session losing streak. Friday was particularly unsettling as terrible jobs data slammed the market and triggered President Donald Trump . Trump started the day by slamming Federal Reserve Chairman…
A new JPMorgan Chase branch in Charlotte, North Carolina. Courtesy: JPMorgan Chase JPMorgan Chase has built 1,000 new branches in seven years. That’s more locations than most of its competitors operate in total. The bank is marking the milestone opening in Charlotte, North Carolina, on Thursday where Chairman and CEO Jamie Dimon is attending a…
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. Markets: Stocks are closing out the week in record territory thanks to five straight positive sessions for the S & P 500 . There are no…
The one-two punch of strong earnings and tame inflation helped propel the S & P 500 to a positive week — despite the latest tariff news on Friday putting a slight damper on the action. The broad index added 0.59% for the week led by technology, utilities and industrials, while the tech-heavy Nasdaq outperformed, jumping…
Goldman Sachs CEO David Solomon speaks during the Goldman Sachs Investor Day at Goldman Sachs Headquarters in New York City, U.S., February 28, 2023. Brendan Mcdermid | Reuters Goldman Sachs on Wednesday posted results that topped expectations as its trading operations generated $840 million more revenue than analysts had expected. Here’s what the company reported:…
Brian Moynihan, CEO of Bank of America, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of debanking on Thursday, February 13, 2025. Tom Williams | Cq-roll Call, Inc. | Getty Images Bank of America on Wednesday posted mixed results for the…
As Wall Street launches into earnings season, CNBC’s Jim Cramer bemoaned the difficulties of anticipating stock action and discussed Nvidia, Wells Fargo and BlackRock. “This is the ups and downs of earnings seasons for the pros that are so terrifying,” he said. “I felt glorious that I had nailed Nvidia. But you could have gagged…
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview at the JPMorgan Chase & Co. Capital Markets conference in Paris, France, on Thursday, May 15, 2025. Cyril Marcilhacy | Bloomberg | Getty Images JPMorgan Chase on Tuesday topped analysts’ estimates on better-than-expected revenue from fixed income trading and investment…
