Economy

'The dominoes are falling': A 'big chunky sell-off' is about to hit the market, strategist says. Here's where to hide

The market is behaving like it did ahead of corrections in 2018, 2015 and 2011 says Chris Watling, chief market strategist at Longview Economics.

CNBC Daily Open: Is cheap gas America's Godot?

Trump's pledge not to attack Iran before the midterms hasn't shifted Kalshi traders, who still bet gas stays high on Nov. 3.

Nvidia-backed Aussie AI firm Firmus withdraws historic IPO, citing market volatility

Nvidia-backed Australian AI data center operator Firmus has withdrawn its planned IPO amid market volatility.

Tokenization could unleash tens of billions of dollars in trapped capital, Nasdaq CEO says

Nasdaq CEO Adena Friedman said tokenization could free up tens of billions of dollars in trapped capital.

Friday's Big Stock Stories: What’s Likely to Move the Market in the Next Trading Session

The artificial intelligence trade took a hit on Thursday after OpenAI's annualized revenue was revealed to be short of the amount previously signaled.

Cramer's lightning round: 'It's time to move on' from Flagstar Bank

"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

Pepsi shares rallied despite cutting profit guidance. Where Cramer stands on the stock now

CNBC's Jim Cramer said improving sales growth and investments to revive demand are encouraging signs, though PepsiCo still faces significant challenges.

Cramer says Thursday's AI sell-off proves the value of this age-old investing strategy

CNBC’s Jim Cramer said Thursday’s sell-off in AI stocks underscores the importance of diversification, even when it means holding stocks that have struggled.

Stock futures edge higher after OpenAI's revenue report prompts tech sector turmoil: Live updates

The Nasdaq Composite dropped more than 1% on Thursday, marking its biggest one-day loss since mid-August.

Chipotle Shares Jump After Report That Starbucks Has Explored a Takeover

October 8, 2026 / 5:18 PM EDT / CBS News

Federal deficit surged 12%. Tax collections grew, but spending did faster

After falling by 4% in the first full fiscal year of Donald Trump’s second term, the federal budget deficit surged 12% to an eyewatering $1.99 trillion in FY 2026. As Art Laffer, the creator of the eponymous Laffer Curve, insisted, the sweeping tax cuts of 2025’s One Big Beautiful Bill did not decrease federal revenue. In fact, total federal receipts rose by 3%, with individual income tax and payroll tax collections up 6%. The problem was, as it always has been, Uncle Sam’s spending.

JPMorgan is falling into earnings next week. It's paid off to buy the dip

JPMorgan Chase is among the major financial stocks kicking off earnings season next week, and its technical set-up deserves attention.