Capital One will release its second-quarter earnings report, providing insight into the financial health of the U.S. consumer amidst economic uncertainty. Key points to watch in the report include delinquency rates, provision for credit losses, auto loan originations, and management commentary on consumer behavior. CEO Richard Fairbank remains optimistic, citing consumer strength despite economic challenges. Investing expert Jim Cramer expresses optimism for the stock market in 2025. His charitable trust is long on COF. Subscribers to the CNBC Investing Club receive trade alerts before Jim makes a move. Cramer waits 45 minutes after sending an alert to act. If a stock is discussed on TV, he waits 72 hours to trade. Terms and conditions apply.

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The Federal Reserve announced a quarter-point interest rate hike, bringing the target range to 0.25-0.5%. This decision marks the first rate increase since 2018 as the Fed aims to combat rising inflation. The move is expected to impact borrowing costs for consumers and businesses across the board.

In response to the ongoing supply chain disruptions and rising costs, General Mills announced a plan to raise prices on its products. The company expects to increase prices by an average of 7% to combat inflation pressures. This move reflects a broader trend among food companies facing cost challenges.

As the holiday season approaches, retailers are gearing up for a surge in demand. Target announced plans to hire 100,000 seasonal workers to meet the expected increase in shopping activity. This hiring spree is part of Target’s strategy to ensure smooth operations and customer service during the busy shopping period.: Capital One earnings gives Wall Street a key read into the U.S. consumer