Author: Daniel snow

[ad_1] 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 Thursday’s key moments. 1. Stocks are higher Thursday as the S & P 500 nears a record high . The broad market index is up over 20% from its historic lows back in April after President Donald Trump announced his “Liberation Day” tariffs on trading partners. The latest evidence is durable goods orders for May. They were up 16.4% — nearly double estimates. That was the biggest one-month gain in 11 years. Interest rates are also slightly lower.…

Read More

[ad_1] A shopper walks past a Nike store, as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump’s decision to impose import tariffs on dozens of countries, in the King of Prussia Mall in King of Prussia, Pennsylvania, U.S., April 3, 2025. Rachel Wisniewski | ReutersNike is expected to report poor quarterly results on Thursday after it warned investors that the low point of its turnaround could come in its fiscal fourth quarter.But since Nike issued that warning in March, conditions have worsened for the sneaker giant, leading some investors to question if the…

Read More

[ad_1] U.S. President Donald Trump walks as workers react at U.S. Steel Corporation–Irvin Works in West Mifflin, Pennsylvania, U.S., May 30, 2025. Leah Millis | ReutersPresident Donald Trump now personally holds sweeping veto power over U.S. Steel’s decisions in key areas, according to an amended corporate charter filed with the Securities and Exchange Commission.U.S. Steel says Trump holds what the White House calls a “golden share” in the Pittsburgh-based company. The amended charter, however, does not reference future presidents. Instead, it says the veto power passes to the Treasury and Commerce Departments as representatives of the U.S. government after Trump…

Read More