CNBC's Jim Cramer said the Federal Reserve and the technology sector were both shocked by some positive momentum this week.

The sell-off in GameStop shares intensified in afternoon trading, coinciding with a spike in trading volume in the call options that "Roaring Kitty" owned.

The Federal Reserve on Wednesday projected only one rate cut for the remainder of 2024, down from its March forecast that called for three reductions.

Roaring Kitty might be pondering on what to do with his massive options position against GameStop and he could have some tough choices to make.

The retailer announced it completed an at-the-market equity offering, selling the maximum number of 75 million shares to raise proceeds of $2.14 billion.

CNBC's Jim Cramer on Tuesday told investors why he continues to be bullish about pharmaceutical giant Eli Lilly.