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Every weekday, Jim Cramer’s CNBC Investment Club releases the Homestretch, a practical afternoon update to coincide with the last hour of trading on Wall Street. MARKET UPDATE: Stocks are up on Friday, with the S&P 500 trading at record highs, extending its gains to about 2% this week. Markets are shaking off concerns about a potential trade dispute with Canada on Friday after President Donald Trump announced he was ending negotiations with the country. Rather, the market rose as September’s CPI was slightly weaker than expected. The report brought a sigh of relief, allaying fears that the economy was facing…
China’s newest aircraft carrier may be capable of only about 60% of the air operations of a 50-year-old U.S. Navy aircraft carrier, two former U.S. carrier officers said, a practical combat limitation for a ship intended to revolutionize the Chinese navy’s fleet. Officers told CNN that the soon-to-be-commissioned Fujian’s flight deck configuration limits the pace at which aircraft can be launched and recovered, especially when compared to America’s Nimitz-class carriers. “The Fujian ship has only about 60% of the operational capability of the Nimitz class,” said Karl Schuster, a former U.S. Navy captain who served on two U.S. aircraft carriers.…
Thirty-two years ago, Mary-Kate Olsen and Ashley Olsen created double, double toil, and trouble. By this time, the then seven-year-old twins had already become the youngest self-made millionaires. After launching her career as Michelle Tanner on Full House at eight months old, Mary-Kate and Ashley quickly expanded their empire. The child actors-turned-fashion designers founded their own company, Dualstar, which went on to produce all of their direct-to-VHS movies (including, of course, Double, Double Toil, and Trouble). The made-for-TV movie premiered on ABC on October 30, 1993, and has since become a somewhat neglected Halloween centerpiece, save for the Olsen twins’…
Ritholtz Wealth Management CEO Josh Brown says now is the time to buy the dominant streaming platform, as Netflix remains below its 200-day moving average. Although still up 24% from a year ago, Netflix stock fell 8% this week after third-quarter profits fell short of analysts’ expectations and revenue only met expectations. The stock price fell 10% on Wednesday alone, the day after the third quarter results were announced. On Friday, the stock hit an intraday low of $1,100.15, below Netflix’s 200-day moving average, which currently sits at $1,115.43. The 200-day moving average is an important technical indicator that is…
As Brentford’s recovery continues, Premier League holders Liverpool’s title defense continues to stall.Published October 25, 2025October 25, 2025Click here to share on social mediaShare 2shareChampions Liverpool suffered a 3-2 defeat at Brentford, their fourth straight Premier League defeat, and continued their dismal run in London.On Saturday, Arne Slott’s stumbling side found themselves behind after five minutes when Dango Ouattara volleyed home a long throw, before Kevin Shade scored in the 45th minute to make it 2-0.Recommended stories list of 4 itemsend of listMilos Kerkes responded for the visitors by scoring his first goal for Liverpool in first-half stoppage time from…
Wall Street is scrambling for a big week ahead, including Big Tech earnings, a key Federal Reserve meeting, and a key meeting between President Donald Trump and Chinese President Xi Jinping that could set the tone for the rest of the year. Stocks are on pace to end a strong October next week. On Friday, the Dow Jones Industrial Average closed above $47,000 for the first time, and the S&P 500 index topped $6,800 on an intraday basis. The Nasdaq Composite Index has outperformed this month, rising more than 20% year-to-date. This is an incredible feat considering what the market…
Bank of America named several stocks that are well-positioned ahead of its quarterly report. Wall Street investment banks say companies like MetaPlatform are attractive and have more room to run. Other buy-rated companies reviewed by CNBC Pro include Roblox, Wex, Coupang, and Trip.com. Roblox Bank of America says the gaming company is firing on all cylinders. “Tactically, we expect it to beat our conservative outlook and be higher,” analyst Omar Desouky said ahead of Roblox’s earnings report later this month. The bank acknowledged that the share price may be “driven by increased participation” but said it was still too attractive…
dublin Reuters — Catherine Connolly, a veteran of far-left Irish politics, on Saturday delivered a scathing attack on the centre-right coalition that was recently re-elected as president by a wide margin. Mr Connolly, 68, has long been a critic of the European Union in Ireland, an overwhelmingly pro-EU country backed by a left-wing opposition party, but he has a low profile and was underestimated by many at the start of the race in a largely ceremonial role. Connolly, an independent candidate, gained momentum as the campaign progressed, electrifying young voters and winning with 63.4% of the vote. Another candidate seeking…
Stocks continued to perform well this week, making companies including General Motors overbought, according to one popular technical indicator. Other stocks are also seen as oversold after a busy earnings week. Last week ended with all major US stock indexes rising. All three major averages closed at record highs Friday after September’s weaker-than-expected inflation data, with the S&P 500 topping 6,800 for the first time and the Dow Jones Industrial Average topping 47,000 for the first time. CNBC Pro screened the S&P 500 stocks for the most overbought and oversold stocks through the end of the week using the 14-day…
moscow — Russia’s top economic envoy has arrived in the United States for “official” talks, a person with knowledge of the visit exclusively told CNN on Friday, days after President Donald Trump announced tough new sanctions against Russia. Kirill Dmitriev, head of Russia’s sovereign wealth fund (RDIF) and special envoy to the Kremlin, will meet with Trump administration officials “to continue discussions on U.S.-Russian relations,” the sources said. A White House official told CNN that Trump’s special envoy, Steve Witkoff, is scheduled to meet with Dmitriev in Miami, Florida, on Saturday. Republican Rep. Anna Paulina Luna is also scheduled to…