A trader at the New York Stock Exchange (NYSE) at Wall Street in New York City. JOHANNES EISELE | AFP via Getty Images The Federal Reserve’s economic outlook isn’t so much pessimistic as it is uncertain, with expectations running a wide gamut from a plodding recovery to a sharp rebound. If that sounds a lot
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Demonstrators raise their fists up in a celebratory dance party of civil rights and black culture as they gather at the Black Lives Matter Plaza, near the White House, during a protest against racial inequality in the aftermath of the death in Minneapolis police custody of George Floyd, in Washington, June 6, 2020. Jim Bourg
The Robinhood application is displayed in the App Store on an Apple Inc. iPhone in an arranged photograph taken in Washington, D.C., U.S., on Friday, Dec. 14, 2018. Andrew Harrer | Bloomberg | Getty Images Retail investors speculating in stocks are not responsible for the market’s comeback and their top picks tend to underperform, according
Private equity firm KKR’s co-chief executive officer and co-founder Henry Kravis said 80% of companies that it controls now have at least two board directors with diverse backgrounds. The firm set out to reach that threshold a few years ago and accomplished in the first quarter of 2020, Kravis said to CNBC’s Seema Mody on “The Exchange.”
This is a live blog. Please check back for updates: 10:24 am: Cramer suggests amateur investors are being gamed by Wall Street pros CNBC’s Jim Cramer argued Wall Street investors may be tricking amateur investors on platforms such as Robinhood by piling into beaten-up but popular stocks like airlines. ”It’s a game. If it weren’t securities, let’s say
The bronze statue “Fearless Girl” on Wall Street wears a respirator mask. Benno Schwinghammer | Picture Alliance | Getty Images U.S. stock futures were flat on Thursday night after growing worries of a resurgence in coronavirus cases sent equity prices plunging. Dow Jones Industrial Average futures traded just 9 points higher, or 0.1%. S&P 500
A man wears a protective mask as he walks past the New York Stock Exchange on the corner of Wall and Broad streets during the coronavirus outbreak in New York City, New York, U.S., March 13, 2020. Lucas Jackson | Reuters Stock futures fell in overnight trading on Wednesday as investors evaluate the pace of
Chinese tourists with facial masks stand in front of the New York Stock Exchange (NYSE) on February 3, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images U.S. pressure on Chinese stocks looks set to accelerate the growth of capital markets in Hong Kong and mainland China, as investors
The Federal Reserve kept interest rates near zero and indicated that’s where they’ll stay as the economy recovers from the coronavirus pandemic. “We’re not thinking about raising rates. We’re not even thinking about thinking about raising rates,” Fed Chairman Jerome Powell said. “What we’re thinking about is providing support for the economy. We think this
U.S. stock futures were flat in overnight trading as investors await clarity on the state of the economy and further stimulus from the Federal Reserve’s policy meeting. Dow futures rose 12 points, indicating a gain of 0.3% at the open Wednesday. The S&P 500 and Nasdaq were also set to open slightly higher, with gains
A new bill that targets Chinese companies listed on U.S. exchanges could not only “backfire” on American investors, but also hurt Wall Street — which will lobby against the legislation, a Harvard professor told CNBC on Tuesday. Amid a tide of anti-China sentiment stateside, the U.S. Senate last month passed a bill that could essentially ban
Source: Stitch Fix Check out the companies making headlines in midday trading. United, American, Delta, Southwest — Airlines and cruise lines have been on a tear as market participants bet on a return in travel demand; however, the equities fell on Tuesday, giving the reopening rally a pause. American Airlines fell more than 9%. Delta Air Lines and Alaska
7:27 am: Airlines, cruise lines drop premarket Investors shifted away from stocks that are expected to benefit from the economy reopening on Tuesday. Airlines and cruise lines have been on a tear as market participants bet on a return in travel demand; however, the equities fell in premarket trading on Tuesday. American Airlines fell 7%
It appears a major shift is underway in the bond market. BofA Global Research’s Mark Cabana sees an improving jobs market adding fuel to the Treasury yield rally and providing some relief to the Federal Reserve ahead of Tuesday’s policy meeting. “We were really thinking that the economy would still really struggle to rebound in
Shoppers enter a Michaels store in Miami, Florida. Scott McIntyre | Bloomberg | Getty Images Arts and crafts retailer Michaels Stores is having its best day ever. The reason behind this monster move was a simple bullish call from JPMorgan. Shares of Michaels are up than 50% on Monday, its biggest one-day jump on record. This
People walk by the New York Stock Exchange (NYSE) on May 18, 2020 in New York City. Spencer Platt | Getty Images This is a live blog. Check back for updates. 7:55 am: AstraZeneca no longer interested in Gilead Sciences, report says London-listed AstraZeneca has abandoned tentative, early interest in merging with Gilead Sciences, the American
A view of the fearless girl wearing a mask in front of the New York Stock Exchange in New York City USA during coronavirus pandemic on April 25, 2020. John Nacion | NurPhoto | Getty Images U.S. stock futures rose slightly on Sunday night following last week’s sharp gains amid optimism over the economy reopening. Dow
The coronavirus pandemic altered society in immeasurable ways, including, of course, investing. Stocks that benefited from people staying home, such as Netflix and Zoom Video, outperformed expectations in the past few months, while retailers and airline companies, among others, saw their stocks fall off a cliff. And now some of those worst-performing stocks of March
Members of the Long Beach, New York CSEA civil service union hold a drive-by protest in front of Long Beach City Hall to protest further union layoffs on May 26, 2020. (Photo by Thomas A. Ferrara/Newsday RM via Getty Images) The U.S. unemployment rate fell to 13.3% in May, defying expectations of a much bleaker
A “Now Hiring” sign advertising jobs at Lowe’s is seen as the spread of the coronavirus disease (COVID-19) continues, in Homestead, Florida, U.S., April 17, 2020. Marco Bello | Reuters Quite unexpectedly and rather suddenly, investors have been given a reset, a reprieve, a chance at a fresh start. What should they do with it?