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Here's why Jim Cramer is more cautious on speculative stocks
CNBC· 2025-09-24 22:47
CNBC's Jim Cramer on Wednesday said he's becoming more careful when it comes to highly-speculative stocks, saying it's time for investors to worry about market froth."I can no longer be so sanguine about these super speculative stocks that keep roaring around here. I can no longer just say it's going higher," he said. "I will be more circumspect in the future."Cramer said he's felt speculative stocks would largely keep roaring because there is such high-demand for them. But he said it's now worthwhile to "f ...
U.S. Latino immigrants generate $1.6 trillion in GDP, report says
CNBC· 2025-09-24 22:46
People seen holding Puerto Rican flag during the annual Puerto Rican Day Parade on 5th Avenue in New York City.U.S. Latino immigrants accounted for $1.6 trillion in GDP in 2023, according to a new research report by the Latino Donor Collaborative, contributing to an overall purchasing power for U.S. Latinos of $4.1 trillion. The 2023 data is the most recent year included in the study.U.S. Latino GDP, measuring the economic impact of the cohort, was up 50% in 2023 from 2015, boosted by increasing education, ...
'Jimmy Kimmel Live!' return draws 6.26 million viewers, ABC parent Disney says
CNBC· 2025-09-24 22:00
JIMMY KIMMEL LIVE! "Jimmy Kimmel Live!" airs every weeknight at 11:35 p.m. ET and features a diverse lineup of guests that include celebrities, athletes, musical acts, comedians and human interest subjects, along with comedy bits and a house band. The guests for Monday, June 16 included Steve Martin ("5 Days Out, 2 Days Back"), Zach Cherry ("Severance"), and musical guest Steve Martin with Alison Brown & Tim O'Brien.Randy Holmes | Disney General Entertainment Content | Getty Images ...
Nexstar evaluating status of 'Jimmy Kimmel Live' for ABC stations after late night show's return
CNBC· 2025-09-24 19:09
JIMMY KIMMEL LIVE! "Jimmy Kimmel Live!" airs every weeknight at 11:35 p.m. ET and features a diverse lineup of guests that include celebrities, athletes, musical acts, comedians and human interest subjects, along with comedy bits and a house band.Nexstar Media Group said Wednesday it is continuing to evaluate whether it will bring "Jimmy Kimmel Live!" back to its ABC-affiliate stations, a day after the late night show returned to the Disney-owned network. Nexstar's broadcast TV stations affiliated with ABC ...
Profit-taking hits the AI trade again, and Instagram reaches 3 billion monthly users
CNBC· 2025-09-24 18:55
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets : Stocks are sliding for the second session in a row and pulling back from their record close on Monday. The AI trade carried the market to record highs, but there's some profit-taking and pushback on Wednesday, with some of the best-performing stocks for the month giving back a portion of their gains. For example, Oracle and Micr ...
Day trading is about to get easier for smaller retail investors
CNBC· 2025-09-24 17:21
Regulators are moving to dismantle one of the most controversial barriers for active retail traders — the $25,000 minimum equity rule for pattern day trading.The Financial Industry Regulatory Authority on Tuesday approved amendments that would replace the long-standing threshold, making active day trading more accessible to smaller accounts. The change is pending approval by the Securities and Exchange Commission.The $25,000 minimum equity rule mandates that traders must maintain a minimum account balance o ...
Honda ending production of Acura EV being produced by GM in U.S.
CNBC· 2025-09-24 15:28
The All-Electric Acura ZDX is displayed during the 2023 Los Angeles Auto Show at the Los Angeles Convention Center on November 24, 2023 in Los Angeles, California.DETROIT — Honda Motor is ending U.S. production of its Acura ZDX electric crossover that was being produced by General Motors in Tennessee, CNBC has learned.Production of the vehicle for the 2026 model year was slated to begin this month at GM's Spring Hill Assembly plant in Tennessee, however Honda "has decided to cancel all future production," a ...
Instagram now has 3 billion monthly active users
CNBC· 2025-09-24 15:00
Instagram has installed a new privacy setting which will default all new and existing underage accounts to an automatic private mode.Instagram now has 3 billion monthly active users, Meta CEO Mark Zuckerberg said on his Instagram account on Wednesday. "What an incredible community we've built here," Zuckerberg posted on his Instagram channel. The figure is a major milestone for the photo-sharing app, which the social media company acquired in 2012 for $1 billion.Meta last disclosed Instagram's user figures ...
Microsoft adds Anthropic AI model to Copilot assistant, diversifying from OpenAI
CNBC· 2025-09-24 15:00
Microsoft is the lead investor in OpenAI and has long been the artificial intelligence startup's key cloud partner. But in the latest sign that AI relationships are getting complicated, Microsoft is beginning to use more technology from OpenAI rival Anthropic.The software giant said Wednesday that it's starting to draw on an AI model from Anthropic to answer some queries in the Microsoft 365 Copilot assistant for commercial clients.The effort represents another step toward diversification in generative AI f ...
New home sales soar 20% in August to a three-year high
CNBC· 2025-09-24 14:56
Sales of newly built homes rose a much larger-than-expected 20.5% in August compared with July to the highest level since January 2022, according to the U.S. Census. It is also the largest one-month gain since August 2022. Sales were 15.4% higher than August 2024.This count is based on people out shopping in August and signing deals, when the average rate on the 30-year fixed mortgage was higher than it is today. That rate started August at 6.63%, according to Mortgage News Daily, and didn't really move muc ...