General News
Latest news from around the World.
U.S. Consumer Confidence Slides in November
Consumers' moods dropped further in November, according to a monthly survey from the University of Michigan, continuing a slide that has worsened amid persistent price increases and an extended government shutdown.
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Consumer sentiment nears lowest level ever as worries build over shutdown
Consumer sentiment nears lowest level ever as worries build over shutdown
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Worries about the prolonged government shutdown push consumer sentiment down near record low levels
The mood among consumers darkened in November as the government shutdown dragged on, according to the latest gauge released Friday.
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IKEA Owner Reports Sharp Drop in Earnings on Tariffs, Costs and Price Cuts
Net profit fell 32% in its fiscal year, with uncertainties around U.S. tariffs affecting commodity prices and logistical costs.
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Fed's Miran: Fed has "to be cautious of reading too much into any one report."
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Alternative jobless claims data could suggest further weakening ahead
CNBC's Steve Liesman joins 'Squawk Box' with the latest news.
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No October jobs report today: How the lack of data is hampering Fed policy and markets
Former Federal Reserve Vice Chairman Roger Ferguson and Nuveen CIO Saira Malik join 'Squawk Box' to discuss the state of the economy, strength of the labor market, impact on the Fed's interest rate outlook, and more.
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Don't Blame The Decline In Stock Prices On Layoffs
The current stock market pullback is a healthy correction, mainly impacting overvalued speculative tech and AI-related names. Layoff headlines are overstated; job losses are minor relative to the overall labor force and not a threat to consumer spending or economic growth.
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Shutdown means another missed jobs report Friday. Here's what it probably would have shown
Jobs Friday won't be happening again this week as the record-long government shutdown has resulted in a lack of official data on the labor market as well as a host of other important indicators. Had the Bureau of Labor Statistics released its monthly nonfarm payrolls report, economists surveyed by Dow Jones expect it would have shown a decline of 60,000 jobs and an unemployment rate increase to 4.5%.
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Impact of US government shutdown far worse than expected, White House adviser says
The economic impact of the U.S. government shutdown is far worse than expected, but the U.S. economy is likely to rebound quickly once it ends, White House economic adviser Kevin Hassett said on Friday.
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SP500: The Bubble Burst Underway - The Top Is Marked At 6,890
The Fed's hawkish turn likely triggered the bubble burst, as the speculative positions unwind, particularly in the AI stocks. In addition, the Trump administration has received the first string of bad news with the Supreme Court hearing on tariffs and the municipal elections.
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Nasdaq 100: Tech Stocks Lead US Indices Lower in Premarket as Bearish Sentiment Builds
Tech stocks drag Nasdaq 100 and US indices lower in premarket as AI valuations raise concern and job cuts cloud the short-term US stock market forecast.
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Government shutdown delays October jobs report: when will economic reports be released after shutdown ends?
The longest government shutdown in U.S. history continues to disrupt economic data releases with the October jobs report delayed until after the shutdown ends.
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S&P 500 Concentration Is Worrying Me More And More
Market concentration in the S&P 500 is at historic highs, with top holdings dominating index performance and risk exposure. The index's structure leaves investors heavily exposed to mega-cap technology stocks, especially NVDA, which now exceeds the market cap of whole European markets.
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After the ruling: how markets are positioning for a narrow Supreme Court tariff decision
The Supreme Court's skeptical grilling of Trump's tariff authority on November 5 sent a sharp signal to markets: broad emergency tariffs may not survive legal scrutiny.
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Jim Cramer: Own This Consumer Cyclical Stock And Don't Sell It
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended owning TJX (NYSE:TJX) and not selling it. “TJX is really, really strong.
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Nasdaq tipped to lead the decline when trading starts
7:45am: Uncertainty builds US stocks have been called lower on Friday after private-sector jobs data rattled investors in the absence of government data due to the ongoing shutdown. Ahead of the open, Nasdaq futures are down 0.4%, with those for the S&P 500 and the Dow Jones indicating a 0.2% to 0.3% decline.
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Investors Keep Faith in the AI Trade but May Need Fed Rate Cuts to Remain Steadfast
Big tech has taken a beating this week but it's still the market's best bet.
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Powers: Concentration risk is the biggest risk in the market
Matt Powers, Managing Partner at Powers Advisory Group, warns of market concentration risk, says sentiment fatigue is hitting AI stocks, and favors quality names like Merck for their strong divid
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The Big 'AI' Short
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m.
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