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CNBC's Rick Santelli joins 'Squawk Box' to break down the latest economic data to cross the tape.

Despite September's bearish reputation, the S&P 500, Nasdaq, and Dow are outperforming, signaling continued bull market strength. Economic expansion, supported by robust consumer spending and upcoming fiscal and monetary stimulus, underpins the bull market's longevity.
New orders for key U.S.-manufactured capital goods unexpectedly increased in August, but a decline in shipments of these goods suggested a moderate pace of growth in business spending on equipment this quarter.
The nation's trade deficit in goods sank 17% in August to a two-year low, extending a run of big ups and downs as business try to time imports and exports to pay the least amount of tariffs.
This is a breaking news story. Full coverage will be available soon.

Demand for U.S. durable goods recovered after two months of declines, driven by a surge in orders for military and civilian aircraft.
The path for interest rates looks like it's heading down, but that's far from a sure thing.
The U.S. economy's GDP grew at a 3.8% rate in the second quarter following the latest revision after the economy recorded a 0.5% contraction in the first quarter.
The industrial side of the U.S. economy has been rocked by higher tariffs, but a saving grace has been new tax cuts for investment and a frenzy of spending in artificial intelligence. Business investment rose sharply in August to mark the second strong increase in a row.
As of Sept. 25, 2025, two stocks in the communication services sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
In the week through Sept. 20, jobless claims filings declined to 218,000 from 232,000 the week before.

Initial claims for unemployment insurance were expected to total 235,000 for the week ending Sept. 20.
Initial jobless claims fell by 14,000 to 218,000 in the week ended Sept. 20, the Labor Department said Thursday.
Markets continue to reach new highs despite recession signals, driven by government intervention, monetary debasement, passive flows, and big tech leadership. Government spending and fiscal stimulus are now central to economic growth, supporting businesses and propping up markets regardless of traditional cycles.
Stephen Parker, JPMorgan Private Bank co-head of global investment strategy, joins 'Squawk Box' to discuss the latest market trends, impact of tariffs, state of the consumer, and more.
Rather than short-term pressure, companies typically get a long leash from hopeful shareholders.
The clock is ticking toward a crisis. As a bitter political impasse between congressional Democrats and Republicans deepens, the risk of a partial US government shutdown beginning next week is rising, casting a long and anxious shadow over the nation's financial markets.

On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended staying long on Watts Water Technologies, Inc. (NYSE: WTS).

Consumers will keep spending, AI and tech aren't in a bubble, and the stock market has room to run.
Investor focus on AI stocks has raised questions about whether the current stock market echoes the pre-dot-com crash rally. Here is a comparison.