Art Cashin, UBS’ director of floor operations at the New York Stock Exchange and a man The Washington Post called “Wall Street’s version of Walter Cronkite,” has died. He was 83 and had been a regular on CNBC for more than 25 years. In the intensely competitive and often vicious world of stock market commentary, … Read more
A trader works on the floor at the New York Stock Exchange on Dec. 2, 2024. Brendan Mcdermid | Reuters Stock futures are near flat Monday night after the S&P 500 concluded the first session of December’s trading month at an all-time closing high. S&P 500 futures and Nasdaq 100 futures both sat near their … Read more
Federal Reserve Governor Christopher Waller speaks during The Clearing House Annual Conference in New York City on Nov. 12, 2024. Brendan Mcdermid | Reuters Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind. “Based on … Read more
General Motors revealed its all-new modular platform and battery system, Ultium, at its Tech Center campus in Warren, Michigan, on March 4, 2020. Photo by Steve Fecht for General Motors DETROIT — General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner … Read more
Elon Musk listens as US President-elect Donald Trump speaks during a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC. Allison Robbert | Getty Images Tesla CEO Elon Musk lost his bid to get his 2018 CEO pay package reinstated on Monday when a Delaware judge … Read more
Treasury yields slipped on Monday as investors parsed the latest manufacturing data. The yield on the 10-year Treasury slipped 1 basis point to 4.182%. Meanwhile, the 2-year Treasury yield rose 2 basis points to 4.192%. On Friday, the 10-year Treasury yield had fallen to its lowest levels since late October. One basis point equals 0.01% and yields and … Read more
Charles Liang, CEO of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on June 5, 2024. Annabelle Chih | Bloomberg | Getty Images Shares of Super Micro Computer surged more than 30% after a special committee ruled it found “no evidence of misconduct” at the embattled artificial intelligence server maker, and appointed … Read more
We’re selling 25 shares of Microsoft at roughly $431.42 each. Following Monday’s trade, Jim Cramer’s Charitable Trust will own 235 shares of MSFT, decreasing its weighting to roughly 2.85% from 3.12%. Wall Street just wrapped up its best month of 2024 with the S & P 500 gaining 5.7% in November. As a result of … Read more
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 Monday’s key moments. 1. Wall Street was mixed on the first trading day of December. Tech was strong, driving the Nasdaq nearly 1% higher. The S & P 500 and the Dow , … Read more
As June’s Pride Month festivities were nearing a conclusion, Tractor Supply released a statement that put LGBTQ+ rights proponents on alert. The farm-focused retailer said it would stop sponsoring events such as pride celebrations and eliminate roles tied to diversity initiatives. Also on its list of actions: Tractor Supply would no longer submit data to … Read more