Arm shares extend weekly rally to almost 50%, and Starbucks pulls the plug on an AI project

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 are closing out Friday on a higher note, with the S & P 500 reapproaching 7,500 and on pace for its eighth straight week of gains. The Dow Jones Industrial Average reclaimed 50,000 on Wednesday and traded at roughly 50,700 on Friday. …