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. Healthcare and banks The Club’s bank stocks JNJ, PG, DHR report next week 1. Healthcare and banks On Friday morning, Jim Cramer said the Club stands by our decision to
Finance
In this article MS Follow your favorite stocksCREATE FREE ACCOUNT Morgan Stanley CEO James Gorman participates in a conversation-style interview with Economic Club of Washington in Washington September 18, 2013. Yuri Gripas | Reuters Morgan Stanley on Friday posted results that missed analysts’ expectations as investment banking revenues collapsed by 55% in the quarter. Here
A worker disinfects the Sanlitun shopping complex in Beijing in June as stores in the area were closed for three days after a Covid outbreak. There’s greater caution on China this year, as stringent Covid controls drag on and as growth takes a backseat. Analysts note longer-term trends of China’s reduced dependency on foreign investment
In this article AAPL GS GSBD Follow your favorite stocksCREATE FREE ACCOUNT Todd Haselton | CNBC Apple will soon allow iPhone users to put credit card rewards from Apple Card and additional funds from separate bank accounts into an interest-bearing savings account. In a press release on Thursday, Apple said the feature is expected to
The U.S. will see inflation cut in half within six months, according to Mark Zandi of Moody’s Analytics. His call, which comes on the cusp of another key inflation report, hinges on oil prices staying at current levels, supply chain problems continuing to ease and vehicle prices starting to roll over. Everything else, Zandi believes,
Federal Reserve officials have been surprised at the pace of inflation and indicated at their last meeting that they expect higher interest rates to remain in place until prices come down, according to minutes released Wednesday from the central bank’s September meeting. In discussions leading up to a 0.75 percentage point rate hike, policymakers noted
Google’s senior vice president of advertising and commerce Sridhar Ramaswamy Krisztian Bocsi | Bloomberg | Getty Images A top former Google executive wants to make searching the blockchain easier with his new startup. Sridhar Ramaswamy, who led the internet giant’s ad business from 2013 to 2018, has started a new company called nxyz. The venture is
The logo of German online bank N26 displayed on a smartphone. Thomas Trutschel | Photothek via Getty Images German mobile bank N26 reported Tuesday a sharp rise in annual revenues as usage of its platform grew, however losses also ticked higher after an increase in spending on regulatory compliance. N26’s net revenue increased 67% in
Workers in Shanghai’s Changning district put up fencing on Oct. 7, 2022, around a neighborhood lockdown after reports of new Covid cases. Hector Retamal | Afp | Getty Images BEIJING — New Covid cases are spiking across mainland China, prompting many local authorities to tighten controls on movement. About 4.8% of China’s gross domestic product
In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images JPMorgan Chase CEO Jamie Dimon on Monday warned that a “very, very serious” mix of headwinds