Fund manager says there is no economic rationale for Fed rate cuts
The only reason the Federal Reserve might be tempted to cut rates would be to help the U.S. cover interest payments for the national debt, according to fund manager Freddie …
Breaking News: Markets
New Calamos ETF promises ‘100% downside protection.’ How it works
A new ETF designed to shield investors from the risk of market volatility starts trading on Wednesday. The Calamos S&P 500 Structured Alt Protection ETF (CPSM) promises to deliver investors …
Companies from McDonald’s to 3M warn inflation is squeezing consumers
McDonald’s employee giving change to a customer. Jeffrey Greenberg | UIG | Getty Images Some of America’s best-known corporations are saying their consumers are being pinched by inflation as prices …
Eli Lilly (LLY) says it can overcome high-quality problem of too much demand
Eli Lilly ‘s raised guidance stole the show Tuesday, offsetting mixed first-quarter results and propelling shares higher by nearly 6%. The numbers leave little doubt that the long-term Eli Lilly …
Starbucks gets a price target cut after a brutal quarterly miss and light guidance
Starbucks shares plummeted Tuesday evening by roughly 11.5% after the coffee giant delivered a much weaker-than-expected quarter. The company also cut its outlook for fiscal 2024, leaving little room for …
Trump receives 36 million more shares of Trump Media as bonus
Republican presidential candidate and former U.S. President Donald Trump gestures as he arrives to Trump tower during the day of his trial over charges that he falsified business records to …
Starbucks (SBUX) earnings Q2 2024
A Starbucks coffee shop in Amsterdam. Nicolas Economou | Nurphoto | Getty Images Starbucks on Tuesday reported weaker-than-expected quarterly earnings and revenue, fueled by a surprise decline in same-store sales. …
WTI falls below $82 on inflation data
An oil pumpjack is pictured in the Permian basin, Loco Hills regions, New Mexico, U.S., April 6, 2023. Liz Hampton | Reuters U.S. crude oil dropped below $82 a barrel …
GEHC’s unwarranted post-earnings plunge is a buying opportunity
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. (We’re …
Trump Media shares rise again, jump 50% in the past week
Jonathan Raa | Nurphoto | Getty Images Trump Media shares climbed 5% Tuesday, continuing a rise that has seen the Truth Social owner surge about 50% in the past week. …