Economy

Wednesday's big stock stories: What’s likely to move the market in the next trading session

The S&P 500 inched lower as traders mulled over the latest quarterly results from big banks. Tune in to CNBC on Wednesday for Goldman Sachs CEO David Solomon.

Goldman says investors are looking for 'profitable' Chinese business growth overseas

Sluggish consumer demand in China has pushed many companies, such as electric car brands, to accelerate plans for entering other countries.

Stock futures are mixed as traders await consumer inflation report: Live updates

A slide in chip stocks and mixed bank results on Tuesday weighed on the major averages.

United Airlines is making it harder to reach its top frequent flyer status in 2027

United Airlines is doing away with flight segment as a way to reach Premier status and increasing the spending requirements for Premier 1K.

Bank of America fined $1.2 billion over money-laundering violations

The action by the Treasury Department was announced less than a day before Bank of America reports quarterly earnings.

Six Flags Shares Slide 16% After Fatal Roller Coaster Incident in Georgia

Updated on: October 13, 2026 / 12:42 PM EDT / CBS News

We're upgrading our rating on Wells Fargo as the stock's pullback offers a nice entry point

Wells Fargo's third-quarter results were not perfect, but CEO Charlie Scharf's turnaround should bear more fruit ahead.

Williams says Fed may not have to hike rates in 2027, at odds with traders

New York Fed President John Williams sees one more rate hike in 2026 but no additional increase in 2027 as inflation pressures ease.

Why AI Could End the Price Tag As We Know It

Updated on: October 13, 2026 / 6:10 PM EDT / CBS News

Meta shares rise for a second straight day as new AI model family impresses

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

This ugly shoe brand won over Gen Z. Its stock's low valuation could earn investors' attention

Crocs sales have been growing as it embraces its iconic look even as it expands to new styles, winning fans among Gen Z consumers, even in China.

The latest inflation data is expected to show price increases are accelerating

Economists expect the consumer price index for September to rise 0.6% on the month and 3.6% year over year.