Author: Daniel snow
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 Wednesday’s key moments. 1. U.S. stocks rose slightly Wednesday, the session “defined by a CPI that was very benign,” said Jim Cramer. Consumer prices for the month of May came in below estimates, though shelter was a sticking point. Jim cited housing inflation as the reason why bond yields are relatively unchanged. Meanwhile, in trade news, President Donald Trump confirmed via Truth Social that an agreement with China was reached. According to the president, China will supply more…
“He has no close family. I don’t want to place myself in a position of liability.” Source link
Sdi Productions | E+ | Getty ImagesMillions of Social Security beneficiaries received a 2.5% boost to their benefits in 2025, thanks to an annual cost-of-living adjustment that went into effect in January.In 2026, Social Security checks may go up by the same amount — 2.5% — based on the latest government inflation data, according to new estimates from both The Senior Citizens League and Mary Johnson, an independent Social Security and Medicare policy analyst.That is up from the 2.4% increase for 2026 that those sources forecast last month. A 2.5% cost-of-living adjustment would be “about average,” according to Johnson.The Social…
A key government statistic shows rising costs for groceries and imported goods were muted by drops in categories like new cars and gas. Source link
“We currently have a net worth of about $500,000 to $600,000.” Source link
The Walt Disney logo is displayed on screen during the Walt Disney Studios presentation at The Colosseum at Caesars Palace at CinemaCon 2025 in Las Vegas, Nevada, on April 3, 2025. Valerie Macon | AFP | Getty ImagesDisney and Universal joined forces in a lawsuit against artificial intelligence image creator Midjourney, alleging copyright infringement, according to court filings.It is the first AI copyright lawsuit from Hollywood giants.The lawsuit claims that the company used and distributed AI-generated characters from the movie studios like Star Wars, The Simpsons and other films and alleges that Midjourney disregarded requests to stop.The studios included numerous…
Inc. speaks with Daily Harvest CEO Ricky Silver about joining the Chobani brand family. He also settles the argument once and for all: smoothie bowl or yogurt parfait? Source link
GM’s stock climbs as the carmaker’s $4 billion investment to expand existing capacity is viewed as a better than building new plants, one analyst said. Source link
New York Attorney General Letitia James speaks during a press conference at the office of the Attorney General on July 13, 2022 in New York City.Michael M. Santiago | Getty ImagesA group of 42 state attorneys general are calling on Meta to curb the rise of investment scams on Facebook that fraudulently use the images of Warren Buffett and other famous figures, New York Attorney General Letitia James said Wednesday. James said in a news release criminals are consistently evading Meta’s automated and human review systems to post fake ads that leave retail investors saddled with millions of dollars in…
Social Security’s 2026 COLA is expected to be slightly below average as data reliability is called into question. Source link