Dow jumps 500 points to record as August inflation increase likely won’t derail Fed rate cut: Live updates

Traders work on the floor at the New York Stock Exchange in New York City, U.S., Sept. 10, 2025. Brendan McDermid | Reuters Stocks rose on Thursday as traders anticipated that the latest reading of a key consumer inflation gauge won’t stand in the way of the Federal Reserve lowering its benchmark interest rate next…

Trump eyes U.S. government stakes in other chip makers that received CHIPS Act funds: Reuters

U.S. Commerce Secretary is looking into the federal government taking equity stakes in computer chip manufacturers that receive CHIPS Act funding. Andrew Harnik | Getty Images News | Getty Images U.S. Commerce Secretary Howard Lutnick is looking into the federal government taking equity stakes in computer chip manufacturers that receive CHIPS Act funding to build factories in the country, two sources said. Expanding on a plan…

These are America’s 10 strongest state economies best prepared for a recession

With the U.S. economy solid but still facing elevated risk of recession — or, as President Trump described it in May, in a “transition period” — states are pitching themselves as the most stable place for companies to locate no matter what happens to the economy. “Multiple international headquarters, hundreds of billions of committed investments…

Samsung expects second-quarter profits to more than halve as it struggles to capture AI demand

Samsung signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025. David Paul Morris | Bloomberg | Getty Images South Korea’s Samsung Electronics on Tuesday forecast a 56% fall in profits for the second quarter as the company struggles to capture demand from artificial intelligence chip leader…

Chipmakers get larger tax credits in Trump’s latest ‘big beautiful bill’

William_potter | Istock | Getty Images The latest version of U.S. President Donald Trump’s “big beautiful bill” could make it cheaper for semiconductor manufacturers to build plants in the U.S. as Washington continues its efforts to strengthen its domestic chip supply chain. Under the bill, passed by the Senate Tuesday, tax credits for those semiconductor…

Stocks making the biggest moves midday: Micron, Penn Entertainment, Equinix, Core Scientific and more

Check out the companies making the biggest moves midday: Micron Technology — The chipmaker slipped nearly 2% even after its fiscal third-quarter financial results topped expectations . Micron’s adjusted earnings were $1.91 per share, versus the $1.60 expected from analysts polled by LSEG. Revenue was $9.3 billion, above the $8.87 billion consensus estimate. Core Scientific…

Stocks making the biggest moves in premarket trading: Micron, Kratos, McCormick and more

Here are the stocks making headlines in premarket trading on Thursday. Micron Technology — The chipmaker rose 2% after its fiscal-third quarter financial results topped expectations . Micron’s adjusted earnings were $1.91 per share, versus the $1.60 cents expected from analysts polled by LSEG. Revenue was $9.3 billion, above the $8.87 billion consensus estimate. Kratos…

Jim Cramer lists five market sectors he thinks are working right now and five that are not

CNBC’s Jim Cramer on Wednesday picked out five sectors that he thinks are performing well in the current economic environment, and he gave five he thinks are lagging behind. “Things can always change, but for the moment, I expect the winners to keep winning and the losers to keep losing,” Cramer said. Here are Cramer’s…