CNBC’s Jim Cramer said that Wednesday’s rally will likely reverse course as soon as a Federal Reserve official reminds Wall Street of its hawkish stance against inflation. “The moment some Fed-head explains the obvious, today’s gains will indeed disappear because they’re incompatible with the Fed’s attempts to control inflation. This …

Enovix Corp: “I have to say [sell] because It costs too much money.” Wolfspeed Inc: “I’m going to tell you not to buy. This stock doesn’t make money.” Stem Inc: “A company that does not make a lot of money with a high stock in an era when the Fed …

A customer places an order September 24, 2022 at a McDonald’s Restaurant along the New York State Thruway in Hannacroix, New York. Robert Nickelsberg | Getty Images News | Getty Images A group representing McDonald’s owners said the company rejected its request to delay changes to franchising policies, including updated …

CNBC’s Jim Cramer on Wednesday said investors should consider buying some stocks while investor sentiment is extremely negative, leaning on charts analysis from technician Ralph Vince. “The charts, as interpreted by Ralph Vince, suggest that investor sentiment has reached extremely negative levels, to the point where you’ve got to hold …

Beneath all the clamor over Russia’s invasion of Ukraine and the efforts to tamp down inflation, investors are largely passing over a huge story in China, famed short-seller Jim Chanos said Wednesday. Troubles in the Chinese real estate market are a distant third to the war and rate hikes targeted …

This is an excerpt from the CNBC Make It newsletter. Subscribe here. Despite some good news about U.S. rent prices falling in August, the long-term outlook still doesn’t seem promising. Last month, median rent in the nation’s 50 largest cities fell by $10 a month, the first drop in prices since …

Tom Hanks may just be the most modest man in Hollywood. Despite building a career that spans more than 80 films and six Oscar nominations, the 66-year-old actor commented in a recent interview that only a handful of his movies are “pretty good.” Speaking with People Magazine while promoting his …

With less than 90 days until the winter gift giving season, some holiday shoppers are getting started sooner rather than later. Half of winter holiday shoppers plan to begin making purchases before Halloween this year, according to a September Bankrate survey. About 38% plan to start shopping in November. Although …

Ken Griffin, Citadel’s founder and CEO, believes the Federal Reserve has more work to do to bring down inflation even after a series of big rate hikes. “We should continue on the path that we’re on to ensure that we reanchor inflation expectations,” Griffin said at CNBC’s Delivering Alpha Investor …

Christian Klein, Co-CEO of German software and cloud computing giant SAP, speaks during a press conference to present SAP’s financial results for 2019 on January 28, 2020 in Walldorf, southwestern Germany. – German software giant SAP reported a bottom line undermined by heavy restructuring costs, but lifted forecasts for the …