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☆ The market rallied but not our stocks that reported earnings — so we pounced on 2 of them
▼ + stars: | 2024-05-02 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

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. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. 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.

Persons: Jim Cramer, Jerome Powell, doesn't, Stanley Black, Decker, toolmaker Stanley Black, Estee Lauder, Locker, Jim, Jim Cramer's Organizations: CNBC, Linde, Marshalls, TJX Companies, Health, Apple, Coterra, Jim Cramer's Charitable Locations: China

☆ Stock futures rise after Apple reports, traders look to April payrolls data: Live updates
▼ + stars: | 2024-05-02 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Futures tied to the Dow Jones Industrial Average gained 212 points, or 0.55%. S&P 500 futures rose nearly 0.3%, while Nasdaq 100 futures advanced about 0.5%. In extended trading, Apple advanced more than 6% after it announced a $110 billion share repurchase and a top -and bottom-line beat. The S&P 500 popped 0.91%, while the Dow gained 0.85%. The S&P 500 is off by 0.7% week to date, while the Nasdaq is down nearly 0.6%.

Persons: Cloudflare, Dow, Jerome Powell, Sonu Varghese, payrolls, Dow Jones Organizations: New York Stock Exchange, Stock, Dow Jones Industrial, Nasdaq, Apple, Biotech Amgen, Dow, Carson Group Locations: New York City, U.S

☆ Stock market today: Indexes edge up after Fed and as trader eye Apple earnings
▼ + stars: | 2024-05-02 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

US stocks rose Thursday after the Fed meeting and as investors eyed Apple earnings. Expectations heading into Apple earnings are mixed, with analysts seeing a tough period for the iPhone maker. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks rose Thursday morning following Wednesday's Federal Reserve meeting and as traders geared up for Apple earnings after the closing bell. Expectations are for the tech firm to report revenue of $90.33 billion and earnings per share $1.50.

Persons: —, Jerome Powell, Powell Organizations: Apple, Service, Reserve, Labor Department, Dow, Nasdaq

☆ Stock market today: Stocks rally ahead of big April jobs report
▼ + stars: | 2024-05-02 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

Stocks closed higher on Thursday ahead of Apple earnings and the April jobs report. Bank of America's Savita Subramanian said the stock market has more room to run even without a rate cut. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementUS indexes closed higher on Thursday ahead of Apple's earnings and a key labor report set to be published Friday morning. Bank of America's US equity head, Savita Subramanian, has said the stock market has more room to run even without looser monetary policy.

Persons: America's Savita Subramanian, —, Dow Jones, Veronica Clark, payrolls, Jerome Powell, Savita Subramanian Organizations: Apple, Bank, America's, Service, Nvidia, Microsoft, Dow, Citi, Bank of, Bloomberg, Nasdaq Locations: China

☆ Treasury yields hold steady as investors weigh monetary policy outlook
▼ + stars: | 2024-05-02 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was up by less than one basis point to 4.5975%. The 2-year Treasury yield was last at 4.9393% after rising by less than one basis point. U.S. Treasury yields were little changed on Thursday as investors digested the outcome of the latest Federal Reserve meeting. Investors considered the path ahead for interest rates after the Federal Reserve's meeting concluded on Wednesday. Policymakers also provided some guidance about the outlook for interest rates, with Fed Chairman Jerome Powell indicating that it was unlikely for the next interest rate decision to be a hike.

Persons: Jerome Powell, Powell Organizations: Treasury, Reserve, Federal, Fed

☆ Gold prices flutter higher as Fed holds rates steady
▼ + stars: | 2024-05-02 | by ( ) www.cnbc.com time to read: +2 min

The Fed left interest rates unchanged on Wednesday as expected. Its latest policy statement kept key elements of its economic assessment and policy guidance intact, framing its discussion of interest rates around the conditions under which borrowing costs can be lowered. Traders were relieved that Powell slammed the door shut for further hikes, helping gold prices climb back above $2,300, City Index senior analyst Matt Simpson said. Lower interest rates increase the appeal of holding non-yielding bullion. The U.S. non-farm payrolls report is due on Friday.

Persons: Jerome Powell, Powell, Matt Simpson, Simpson Organizations: Federal Reserve, U.S ., Traders, City Index, U.S, Palladium, MKS PAMP

☆ CNBC's Inside India newsletter: Will AI make or break India?
▼ + stars: | 2024-05-02 | by ( Ganesh Rao | ) www.cnbc.com time to read: +9 min

But one that could foreshadow India's growth story. Can Teleperformance's stock plunge be the canary in the coal mine for what is likely to happen to India because of AI? But it's likely to be a blip for India's growth trajectory, given the macro forces at play. Besides creating jobs that are less likely to be immediately disrupted by AI, India could also be a net beneficiary of artificial intelligence. The Indian stock market indexes, Sensex and Nifty 50 , are heading for a positive week again — up by 1% and 1.2%, respectively.

Persons: Findlay Kember, Klarna, ChatGPT, K Krithivasan, Krithivasan, Narendra Modi, It's, Shilan Shah, Goldman Sachs, Vinay Dwivedi, Ashok Gulati, Nomura, League Pickleball, Karine Jean, Pierre, Jerome Powell, Raghuram Rajan, Ashish Jain, CNBC's Ayushi Jindal Organizations: AFP, Getty, India's Tata Consultancy Services, Financial Times, TCS, World Bank, International Monetary Fund, University of Oxford, Capital Economics, Investment, Nomura, Qualcomm, Powerchip Semiconductor Manufacturing, UPI, India, Commission, Agricultural, United Pickleball Association, Global Sports, PPA, League, Washington Post, White, U.S ., Federal, CNBC, Reserve Bank of India, University of Chicago Booth School of Business Locations: Swedish, Paris, India, Chennai, U.S, Europe, China, Singapore, South Korea, Canada, United States

☆ We're entering advertising's new era
▼ + stars: | 2024-05-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at the biggest topic at this year's TV upfronts , and how it's a sign of advertising's new era. What's on deck:Markets: Morgan Stanley's new wealth boss outlines the bank's playbook for hitting $10 trillion in client assets. Andy Kiersz/Business InsiderYou might be wondering what retail data has to do with television advertising.

Persons: —, Morgan, Don Draper's, Burton, Jenny Chang, Rodriguez, Business Insider's Lara O'Reilly, Lucia Moses, Andy Kiersz, Andy Jassy, hasn't, Finn, Morgan Stanley, Michael M, Tyler Le, Jed Finn, Andy Saperstein, there's, Joseph Stiglitz, Jerome Powell, Justin Sullivan, Wells Fargo, Kevin Scott, Satya Nadella, Bill Gates, Pablo Declan, Shari Redstone's, tanked, BI's Peter Kafka, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Tech, Wall, Getty, Google, Amazon, Disney, Kroger, Walmart, Big Tech, US Department of Labor, Apple, Department, Paramount, Trump Media Locations: China, OpenAI, New York, London

☆ Yen gives up ground vs dollar following surge on suspected intervention
▼ + stars: | 2024-05-02 | by ( ) www.cnbc.com time to read: +3 min

An attendant holds a sample of newly-designed Japanese 10,000 yen banknote, with three-dimensional holographic technology to prevent forgery, for a photograph at the National Printing Bureau Tokyo plant in Tokyo, Japan, on Wednesday, June 28, 2023. The yen gave up ground in early trade on Thursday, reversing direction after a sudden surge against the dollar overnight that traders and analysts were quick to attribute to intervention by Japanese authorities. The dollar was 0.9% higher at 155.98 yen as of 0100 GMT, retracing about half of its late Wednesday surge from around 157.55 to exactly 153 over a period of about 30 minutes. "The 'sneak attack' element really is the MOF (Japan's Ministry of Finance) looking to punish speculators and send a warning about shorting the yen." That helped lift the dollar to a 34-year peak of 160.245 yen on Monday and also spurred a sharp reversal which official data suggested was due to Japanese intervention totalling about $35 billion.

Persons: Jerome Powell, Masato Kanda, Kyle Rodda, Sterling, Powell, Jack Mclntyre Organizations: National Printing Bureau, Federal Reserve, Reuters, Capital.com, Japan's Ministry of Finance, Bank of Japan, Brandywine Locations: National Printing Bureau Tokyo, Tokyo, Japan, U.S, Melbourne

☆ The Fed likely won't cut rates until after a recession strikes, research firm says
▼ + stars: | 2024-05-02 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The Fed likely won't cut interest rates until after a recession arrives, according to GlobalData TS Lombard. The research firm said Fed Chair Powell is likely to fall into the trap of being reactionary when it comes to rate decisions. AdvertisementThe Federal Reserve is making a big mistake by not cutting interest rates right now, according to GlobalData TS Lombard chief US economist Steven Blitz. And if inflation sees a sharp rebound to 5%, "they obviously hike" interest rates, Blitz said. AdvertisementAll-in, according to Blitz, it means that interest rates could stay at current levels for longer-than-expected, especially since it appears there will be no recession this year.

Persons: Powell, Steven Blitz, Jerome Powell, Blitz, Jeremy Siegel Organizations: Fed, GlobalData, Lombard, Federal Reserve

☆ Sell in May and go away? Think again
▼ + stars: | 2024-05-02 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —It’s “sell in May and go away” season. All three major indexes broke five-month winning streaks as hotter-than-expected inflation data stoked fears that interest rate cuts will come later than forecast. The central bank kept interest rates on hold at a 23-year high at its policy meeting. Persistent inflation has kept long-anticipated rate cuts on the backburner. Tesla “has let our entire charging org go,” William Navarro Jameson, strategic charging programs lead at Tesla, wrote on X.

Persons: Stocks, Jerome Powell, ”, Alex McGrath, Larry Tentarelli, Bryan Mena, it’s, Read, Tesla, Tesla “, ” William Navarro Jameson, Lane Chaplin, Hanna Ziady, Peter Valdes Organizations: CNN Business, Bell, New York CNN, The, Dow Jones, Nasdaq, Wednesday, Traders, Blue, Carson Group, Research, Federal Reserve, Fed, Motors, Ford, Tesla Locations: New York

☆ We're buying 2 unfairly punished stocks and 1 on an analyst call
▼ + stars: | 2024-05-02 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "That's a win for stocks," Jim Cramer said Thursday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Jerome Powell, should've, Jim, — Stanley Black, Decker, Linde, TJX, Jim Cramer's Organizations: CNBC, Federal, Fed, Coterra Energy, Apple, UBS, TJX Companies, LIN Locations: China, TJX, HomeGoods

☆ 'Basel III' bank rules could pose unexpected threat to Biden's green energy plans
▼ + stars: | 2024-05-01 | by ( Emily Wilkins | ) www.cnbc.com time to read: +5 min

Banks help fund the vast majority of renewable energy projects through tax equity investments, which allow the banks to benefit from federal tax credits for renewable energy. Currently, renewable energy draws $18 billion to $20 billion annually through tax equity investments, according to the American Council on Renewable Energy. "Many people joke that we're on the 'solar-coaster,'" Torres said about the ups and downs of renewable energy. The higher capital requirements for renewable energy projects in Basel III puts the regulation on a collision course with the Biden administration's push for cleaner and greener energy sources. "The clean energy industry's experience with tax equity investments does not warrant such a radical change," the group's letter read.

Persons: Julian Torres, Torres, he's, Banks, Jerome Powell, Biden, Dominic Lacy, Sean Casten Organizations: D.C, Gallaudet University, Washington , D.C, Gallaudet, Federal Reserve, FDIC, American Council, Renewable Energy, Basel III, Tesla, American Bankers Association, Bank, Institute, Clean Energy State Alliance Locations: Washington ,, Basel

☆ Fed's Jerome Powell: Inflation remains too high and path forward is uncertain
▼ + stars: | 2024-05-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed's Jerome Powell: Inflation remains too high and path forward is uncertainFed Chair Jerome Powell speaks following the Federal Reserve's Federal Open Market Committee's decision to keep interest rates unchanged, and provides updates on the Fed's fight against inflation.

Persons: Fed's Jerome Powell, Jerome Powell Organizations: Federal Reserve's

☆ Stock market today: futures drop after Starbucks and McDonald's misses
▼ + stars: | 2024-05-01 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

US futures slid as traders weighed Amazon's earnings beat against Starbucks and McDonald's misses. The Federal Reserve is set to provide an update later on the likely trajectory of interest rates. McDonald's also fell short of Wall Street's revenue, earnings, and same-store sales estimates for last quarter as consumers spent less at the fast-food chain. A painful combination of historic inflation and soaring interest rates over the past couple of years have squeezed household budgets and stoked concern of a recession. Stubborn inflation in recent months has dampened Wall Street's hopes that the Fed will cut rates in the months ahead.

Persons: —, Stocks, Amazon's, Ipek Ozardeskaya, McDonald's, Jerome Powell, Ozkardeskaya, Tesla Organizations: Starbucks, Federal, Service, Amazon, Nasdaq, Dow Jones Industrial, Amazon Web Services, Swissquote Bank, Consumers, Fed, Elon Musk's

☆ Trade in Europe expected to be thinner on public holiday but Fed rate decision looms
▼ + stars: | 2024-05-01 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Light trading volumes are expected in Europe on Wednesday, with only London's FTSE index open, due to the May Day/Labor Day public holiday in the region. Nonetheless, global markets are focused on the U.S. Federal Reserve's latest interest rate announcement after the central bank's monetary policy committee concludes a two-day meeting later on Wednesday. The latest interest rate decision follows another hotter-than-expected U.S. inflation reading last Friday. S&P 500 futures slipped Tuesday night as investors looked ahead to the Federal Reserve's rate policy decision. In the Asia-Pacific region overnight, Australian and Japanese markets fell as investors braced for the Fed's rate decision.

Persons: Jerome Powell Organizations: Labor, U.S, U.S . Federal Locations: Europe, U.S ., Asia, Pacific

☆ Federal Reserve interest rate verdict: Central bankers meet to decide on next move
▼ + stars: | 2024-05-01 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington CNN —The Federal Reserve is expected to announce Wednesday that it is keeping interest rates at a quarter-century high for the sixth-straight meeting. Other Fed officials have already introduced the possibility of a rate hike, in addition to the chance of no rate cuts this year. Williams later said that another rate hike is possible if economic data warrants it. That combination eerily resembled stagflation, which triggered a broad stocks selloff on Wall Street Thursday. The threshold for a rate hike is ‘extremely high’Another interest rate hike is back in the conversation, but at the moment, it’s still not likely the Fed will do that.

Persons: Jerome Powell, ” Powell, Powell, John Williams, Williams, Neel Kashkari, Austan Goolsbee, “, can’t, it’s, Goldman Sachs, Wall, ” Oren Klachkin Organizations: Washington CNN, Federal, Index, New York Fed, Bloomberg, Minneapolis, Chicago Fed, Commerce Department, JPMorgan, Bank of America, Nationwide, CNN Locations: New, Chicago, Wells Fargo

☆ Here's why we're not sweating Amazon’s light second-quarter guidance
▼ + stars: | 2024-05-01 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "There's a lot of data that's been hot, but we know there's rot underneath," Jim Cramer said, citing Tuesday's weaker-than-expected consumer confidence numbers. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jerome Powell, Powell, Dupont, Ed Breen, Jim, Estee Lauder, We're, Jim Cramer's Organizations: CNBC, Federal, Fed, Dupont De, DuPont Locations: U.S, Dupont De Nemours

☆ Cramer says not to second-guess Fed Chief Powell after Wednesday's remarks
▼ + stars: | 2024-05-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer told investors to take Federal Reserve Chief Jerome Powell at his word when he said on Wednesday that it's unlikely there's a rate hike on the horizon, even as inflation remains stubborn. Although Powell's comments calmed many on Wall Street, Cramer said it's likely investors will become anxious again ahead of employment data set to be released Friday. Even though Powell didn't suggest there will be a rate cut in the near future, Cramer stressed that he managed to take "the dreaded rate hike scenario off the table." The Fed also decided it would slow the price of bond sales, which Cramer said is a "dovish sign." He just thinks that inflation will gradually go away on its own, making him more of a dove than a hawk," Cramer said.

Persons: CNBC's Jim Cramer, Jerome Powell, Cramer, Jay Powell — He's, Powell Organizations: Federal

☆ Stock futures rise after Fed decides to hold rates steady: Live updates
▼ + stars: | 2024-05-01 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Stock futures advanced Wednesday night as investors looked ahead to more corporate earnings due Thursday and key labor data set for later in the week. S&P 500 futures climbed 0.3%. Restaurant delivery service DoorDash dropped 15% after reporting a wider loss per share than Wall Street forecast. Those moves followed a choppy day on Wall Street as investors reacted to the Federal Reserve's decision to keep interest rates unchanged. The Dow finished about 0.2% higher, while the S&P 500 and Nasdaq Composite both closed the session lower by roughly 0.3%.

Persons: DoorDash, Jerome Powell, Eric Winograd, Winograd, Coinbase Organizations: Dow Jones Industrial, Nasdaq, Qualcomm, Federal, Dow, Apple, Moderna Locations: AllianceBernstein, Friday's

☆ Fed Chair Powell downplays 'stagflation' concerns
▼ + stars: | 2024-05-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed Chair Powell downplays 'stagflation' concernsFederal Reserve Chair Jerome Powell takes questions from reporters after announcing the central bank will leave interest rates unchanged.

Persons: Powell downplays, Jerome Powell

☆ DoubleLine’s Jeffrey Gundlach sees one rate cut this year as the Fed keeps up inflation fight
▼ + stars: | 2024-05-01 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

DoubleLine Capital CEO Jeffrey Gundlach said Wednesday that he now sees no more than one interest rate cut this year as the Federal Reserve keeps policy tight to fight stubborn inflation. "The inflation rate clearly is the one that is lacking progress as [Jerome Powell] put it, so I'm going to lean on one rate cut," Gundlach said on CNBC's " Closing Bell." "Higher for longer … seems like the mantra continues, but without a rate hike. Treasury yields dropped to their session lows and stocks shot to session highs as Powell said the next policy move will not be a rate increase. "I think it's unlikely that the next policy rate move will be a hike.

Persons: Jeffrey Gundlach, Jerome Powell, Gundlach, Powell Organizations: DoubleLine, Federal Reserve, Treasury

☆ The economy needs to take one of these 2 paths before the Fed cuts interest rates, Powell says
▼ + stars: | 2024-05-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The labor market has continued to be strong, dampening any urgency the Fed might have to cut rates. AdvertisementThe Fed's decision to hold rates steady prompted some pushback from Democratic lawmakers who are worried that continued high rates will hurt Americans. "The Fed must remember its dual mandate and avoid keeping these rates too high for too long," Boyle said. And he won't risk easing up on the Fed's restrictive policy too early. Advertisement"We believe it is restrictive, and we believe over time it will be sufficiently restrictive," Powell said.

Persons: —, Jerome Powell, Powell, We've, we're, Julia Pollak, Brendan Boyle, Boyle, he's Organizations: Service, Federal, Market Committee, Business, Fed, Democratic, Rep

☆ Watch Fed Chair Powell speak as markets rally on his comments
▼ + stars: | 2024-05-01 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: 1 min

Last week's GDP report that showed slowing overall growth but solid price increases raised some concern about the U.S. entering a period of "stagflation," but Fed Chair Jerome Powell downplayed that idea on Wednesday. "I don't really understand where that's coming from," Powell said. The central bank chief pointed out that, by some measures, economic growth is at 3% and inflation is below 3%. "I don't see the 'stag' or the '-flation'," Powell added. — Jesse Pound

Persons: Jerome Powell, Powell, — Jesse Pound

☆ Gold subdued as traders ready for Fed rate verdict
▼ + stars: | 2024-05-01 | by ( ) www.cnbc.com time to read: +1 min

Gold prices struggled for momentum on Wednesday as investors refrained from taking big positions ahead of a U.S. Federal Reserve policy decision that could offer for more cues on its rate-cut timeline. U.S. gold futures were down 0.2% at $2,298.30 per ounce. The Fed is expected to hold its benchmark interest rate steady at 5.25% to 5.5%. Gold is known as an inflation hedge but elevated interest rates reduce the appeal of holding the non-yielding asset. Among other metals, spot silver rose 0.2% to $26.32 per ounce and platinum inched up 0.2% to $935.10.

Persons: Edward Meir, Jerome Powell, Powell, Meir Organizations: U.S, Federal, Focus, Labor, Palladium

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