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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. Market moves : Stocks were mixed on Friday as bond yields rose following a few days of pressure on market rates. Still, the S & P 500 was on track for a weekly gain of more than 1.5%. The index was trading at record highs ahead of the Fed’s meeting next week, when the monetary policy-making committee is largely expected to cut the Fed funds overnight bank lending interest rate by 25…
The US government is set to dispatch a group of American growers and exporters of agricultural products to China in the coming autumn for exchanges with Chinese officials in Beijing, followed by a high-profile presence at a key import fair in Shanghai.This will mark the third year that the US Department of Agriculture has organised an annual trip to China, the largest overseas market for American farmers.But this year’s journey, likely in November, will take on extra significance and urgency, as both countries seek to stabilise ties while Beijing is still seen slashing purchases from the US as trade tensions…
Gold prices rose in the European market on Friday to resume gains that had paused yesterday, trading once again near record highs, on track to post a fourth consecutive weekly gain, supported by the current weakness in US dollar levels. Mounting concerns over weakness in the US labor market have overshadowed inflation worries ahead of a widely expected interest rate cut by the Federal Reserve next week. Price Overview • Gold prices today: Gold rose by 0.65% to ($3,656.71), from the opening level at ($3,633.96), with a low at ($3,630.63). • At Thursday’s settlement, gold lost…
CNBC’s Jim Cramer predicts Corning stock could go much higher as the 174-year-old glass maker further capitalizes on alliances with major tech players, such as Nvidia and Apple . “Talk about a hot stock,” Cramer said during ” Squawk on the Street ,” acknowledging this year’s big run in shares, which hit 25-year highs Friday. “[This] one I think could be a rocket ship.” Corning makes glass for smartphones, computers, and all kinds of other device screens, as well as data center and communications wiring. The New York-based company’s products are also used in many other ways, such as in…
Bitcoin rose on Friday, following gains in risk assets amid ongoing bets that the Federal Reserve will cut interest rates next week. However, gains in cryptocurrencies, especially Bitcoin, were capped by growing doubts about the viability of companies holding massive Bitcoin reserves, after Strategy (formerly MicroStrategy – Nasdaq: MSTR) was rejected for inclusion in the S&P 500 index earlier this month. Bitcoin continued to trade in a narrow range below $120,000. The world’s largest cryptocurrency gained 1.2% to $115,604.3 by 01:56 ET (05:56 GMT). Over the week, it rose 4.9%, as some buyers returned after the drop from…
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 Friday’s key moments. 1. The S & P 500 and the tech-heavy Nasdaq are little changed on Friday as investors await the Federal Reserve’s meeting next week. The market hit fresh highs Thursday after a warm inflation report and weaker labor data fueled expectations for an interest rate cut of 25 basis points. That decision is expected on Wednesday at 2 p.m. ET. One notable laggard, however, is Boeing . Shares of the aerospace company are down 1.4%…
Wall Street’s major indexes were subdued in choppy trading on Friday, easing from the previous session’s record highs, but they remained on track to log gains in a week of economic reports that solidified expectations for interest rate cuts. The Nasdaq briefly hit an intraday record high on Friday. On Thursday, markets were boosted by a rally in shares of Tesla and Micron Technology while a monthly inflation report kept the U.S. central bank on track to cut rates next week. Traders were already pricing in a 25-basis point easing in monetary policy after a series of recent indicators had…
The Standing Committee of the National People’s Congress said on Friday that the generals had been dismissed as deputies to the NPC.They are People’s Armed Police commander Wang Chunning; rocket force disciplinary chief Wang Zhibin; Zhang Lin, head of the Logistics Support Department under the Central Military Commission; and Gao Daguang, political commissar of the CMC’s Joint Logistics Support Force.As a full general, Wang Chunning, 62, is the highest ranking of the four.Wang served in the People’s Liberation Army Ground Force for most of his career, rising in 2016 to become the commander of the Beijing garrison, tasked with defending…
MADRID (AP) — Spain summoned Israel’s acting ambassador in Madrid Friday in response to comments made by the Israeli Prime Minister’s office that accused the European nation’s prime minister of threatening Israel.Spanish Foreign Minister José Manuel Albares called in Dana Erlich, Israel’s charge d’affaires in Spain and the highest-ranking diplomat in the country “to categorically reject the false and slanderous statements from the Israeli Prime Minister’s office,” an official at Spain’s Foreign Ministry said. The Foreign Ministry official was not authorized to speak publicly and declined to be named.It’s the latest development in an ongoing diplomatic tit-for-tat between the two…
As the new system was unveiled on three heavy-lift transport vehicles, the official commentary emphasised that it was “always on alert and capable of striking anywhere in the world”.Liquid-fuel rockets have a long range but they take time to fuel and cannot be stored for long periods after fuelling – unlike solid-fuel missiles such as America’s Minuteman III.But military experts say the DF-5C has made progress in these areas.Official commentary on the DF-5C emphasised that it was “always on alert and capable of striking anywhere in the world”. Photo: China Daily via ReutersIts rocket nozzles are apparently protected by membrane-like…