U.S. Federal Reserve Chair Jerome Powell speaks during a press conference, following the issuance of the Federal Open Market Committee's statement on interest rate policy, in Washington, D.C., U.S., Sept. 17, 2025.Federal Reserve Chair Jerome Powell said Tuesday that weakness in the labor market is outweighing concerns about stubborn inflation, leading to a decision he backed to lower the central bank's key interest rate last week.The Federal Open Market Committee's first cut of the year came amid signs tha ...

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 Tuesday's key moments. 1. The S & P 500 was little changed Tuesday morning, while the Dow rose 0.5% and the Nasdaq dipped 0.3%. All three major averages closed at all-time highs on Monday. Megacap technology stocks have been driving the market momentum and gains, "while the average stock has not been as good," portfolio director Jeff Marks said Tuesday. That balance is keeping the S ...

People gather outside the El Capitan Entertainment Centre where the "Jimmy Kimmel Live!" show is performed in Hollywood on Sept. 18, 2025 in Los Angeles, California.Nexstar Media Group, one of the largest owners of broadcast TV stations, said it would not air the return of "Jimmy Kimmel Live!" on Tuesday. The company joins Sinclair, which said Monday it didn't plan to air the late night show, and instead would show other programming. This is breaking news. Please refresh for updates. ...

Amazon plans to close all of its Fresh supermarkets in the U.K., in the latest recalibration of its grocery strategy.The company said in a Tuesday blog that it's preparing to close all 19 of its Fresh U.K. stores, "following a thorough evaluation of business operations and the very substantial growth opportunities in online delivery." Five of the Fresh locations are expected to be converted into Whole Foods stores, Amazon said.Amazon opened its first Fresh location outside the U.S. in London in 2021, about ...

A "For Rent" sign in front of a building in the Capitol Hill neighborhood of Washington, DC, US, on Tuesday, Aug. 12, 2025.Rent growth was just 0.2% higher in July compared with June, which is far below the historical July average monthly growth of 0.7%. That is a notable shift from monthly gains that had been stronger than usual earlier this year."After a strong start to the year, single-family rent growth is clearly losing steam," said Molly Boesel, senior principal economist at Cotality. "In July, we bro ...

In this photo illustration, the logo for E-Trade, the online trading platform owned by Morgan Stanley, is shown on the company's website on May 13, 2024 in Chicago, Illinois.Morgan Stanley is months away from offering crypto trading to retail customers through its E-Trade division as the Wall Street giant embraces what it called a transformative moment for the wealth management industry.The firm is working with the startup Zerohash — which Morgan Stanley also took an investment stake in — for liquidity, cus ...

Chicago Federal Reserve President Austan Goolsbee expressed caution Tuesday about lowering interest rates as the U.S. economy grapples with the forces of slower growth and a weaker labor market.While he joined the rest of the Federal Open Market Committee last week in voting to cut the central bank's key borrowing rate, he told CNBC that further moves would depend on economic progress."I'm OK with moving to be in a better spot, and I think eventually, at a gradual pace, rates can come down a fair amount if ...

Our top 10 things to watch Tuesday, Sept. 23 — Matthew J. Belvedere wrote this morning's newsletter with the help of Jeff Marks. 1. The S & P 500 was relatively flat Tuesday morning following a three-session winning streak. The index closed at a record high Monday, and so did the Nasdaq as tech stocks surged on Club holding Nvidia's gains after its OpenAI announcement . Looking ahead , Club name Costco reports earnings after Thursday's close, and the Federal Reserve's favorite inflation gauge is out Friday ...

The Chinese electric car manufacturer BYD presents its models at the Open Space Area during the IAA Mobility in Munich, Bavaria, Germany, on September 12, 2025.Li declined to expand on what the plan is, but she pointed to the Covid-19 pandemic during which there was a global shortage of semiconductors which badly affected the auto sector. BYD had "no issue" at the time because it developed a lot of its technology in-house, he said, so it was able to source alternatives quickly.Stella Li, executive vice pres ...

Amazon and the Federal Trade Commission are squaring off in a long-awaited trial over whether the company duped users into paying for Prime memberships.The lawsuit, filed by the FTC in June 2023 under the Biden administration, alleges that Amazon deceived tens of millions of customers into signing up for its Prime subscription program and sabotaged their attempts to cancel it. Amazon has denied any wrongdoing.The trial is being held in a federal court in Seattle, Amazon's backyard. Jury selection began Mond ...