Matthew Belvedere
Producer and Senior Editor at CNBC
I'm a golfer, soccer player (and fan), road cyclist, tech enthusiast, avid (amateur) photographer, and https://t.co/0oJYZuvrfZ news editor
Articles
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1 week ago |
cnbc.com | Matthew Belvedere |Kevin Stankiewicz
President Donald Trump last week increased the pressure on Apple over foreign-made iPhones in a scathing social media post that also intensified the overall stock market sell-off. In the week ahead, another great American tech giant — Club name Nvidia — will be in the spotlight. Following trade optimism the prior week, the S & P 500 went right back into the soup, with a weekly drop of 2.6%. The Nasdaq fell nearly 2.5% last week. Both of those weekly drops were the worst in more than a month.
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2 weeks ago |
cnbc.com | Kevin Stankiewicz |Matthew Belvedere
A whirlwind of positive headlines from a Chinese trade détente to hundreds of billions of dollars in promised foreign investment in the U.S. lit a fire in the market and propelled the S & P 500 into the green every day last week. Monday started with a U.S.-China agreement, albeit temporary , to relax most of the tariffs imposed on each other's import, giving room for both sides to step back from the brink of triple-digit levies and work together on a mutually beneficial trade deal.
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3 weeks ago |
cnbc.com | Kevin Stankiewicz |Matthew Belvedere
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: The S & P 500 was heading into the homestretch on Wall Street up more than 3% on the U.S. and China agreeing to temporary tariff cuts while they look to craft a broader trade deal. With Monday's rally, the S & P 500 was less than 1% from going breakeven year to date.
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3 weeks ago |
cnbc.com | Matthew Belvedere
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Monday's key moments. The stock market cheered the weekend agreement between the U.S. and China to temporarily cut tariffs against each other, giving time for a larger trade deal to be reached. The S & P 500 rose nearly 2.5% and the Nasdaq jumped more than 3%.
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3 weeks ago |
cnbc.com | Kevin Stankiewicz |Matthew Belvedere
Trade deal progress dominated last week's stock market and promises to be influential in the week ahead. In Switzerland this weekend, Treasury Secretary Scott Bessent started a dialogue over tariffs with Chinese officials. On Sunday, Bessent said the talks were productive and more details would be forthcoming at a Monday briefing. The Treasury secretary said President Donald Trump has been "fully informed" on what was discussed. Trump on Saturday called the China talks a "total reset.
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