Investing in Space: Doing well to do good – CNBC
Planet co-founder and CEO Will Marshall celebrates its listing on the floor of the New York Stock Exchange (NYSE) on December 8, 2021. Brendan McDiarmid | Reuters In CNBC’s Investing in Space newsletter, vLooking into the business of space exploration and privatization delivered straight to your inbox. CNBC’s Michael Sheetz reports and curates breaking news, […]
'Outright negative' on stocks: JPMorgan's Marko Kolanovic braces for correction, hard landing – CNBC
JP Morgan’s Marko Kolanovic has withdrawn from the early 2023 rally. Instead, the Institutional Investor Hall of Famer is anticipating a correction of 10% or more in the first half of this year, telling investors that he is “totally negative” in the market. I say yes. “Fundamentals are deteriorating. And markets are going up.fast money” […]
The U.S. is massively underperforming global stock markets, and analysts see more of the same – CNBC
Traders at work on the trading floor of the New York Stock Exchange (NYSE) on January 5, 2023. Andrew Kelly | Reuters U.S. stocks have significantly underperformed their global peers over the past three months, a rarity in recent years, and analysts expect the gap to widen in 2023. By Tuesday morning, Russell 3000 The […]
Bullish analyst note gives troubled chipmakers a much needed boost. Here's our view – CNBC
Barclays released its earnings preview for the December quarter and outlook notes for 2023 on Monday. This was particularly bullish for semiconductor stocks of Qualcomm (QCOM), Advanced Micro Devices (AMD) and Nvidia (NVDA). Broadly speaking, analysts like data centers, personal computers, and handsets. End markets for industrial/automotive, analog chips, and semiconductor capital equipment continue to […]
Stocks making the biggest moves midday: Netflix, Coinbase, Alphabet, SVB Financial & more – CNBC
Tech stocks on the Nasdaq. Peter Kramer | CNBC Check out the companies in the spotlight on the midday deal. netflix — The streaming giant’s stock surged more than 6% after Netflix Added 7.66 million net subscribers According to StreetAccount, it surpassed the expected 4.57 million in the fourth quarter. Founder Reed Hastings has also […]
The 'greatest tragedy' would be if central banks don't finish the job on inflation, Larry Summers says – CNBC
Larry Summers at the World Economic Forum in Davos, Switzerland. David A. Grogan | CNBC Former U.S. Treasury Secretary Larry Summers said it would be the “greatest tragedy” for the global economy if central banks didn’t finish what they started to bring inflation back to Earth. Central banks around the world are aggressively tightened monetary […]
Jim Cramer says an ‘obsession’ with mega-cap tech names is overshadowing a bull market – CNBC
CNBC’s Jim Cramer said Thursday that the crash in tech stocks masks a bull market with another name. “We had a very traditional bull market based on the dollar and interest rate peaks, both of which are great trends for stocks for a variety of reasons,” he said, adding that “the relentless crash of Tesla, […]
Jamie Dimon says rates will rise above 5% because there is still 'a lot of underlying inflation' – CNBC
JP Morgan Chase CEO Jamie Dimon With inflation remaining stubbornly high, we believe interest rates could be higher than the Federal Reserve currently anticipates. “I think rates are probably over 5%,” Dimon said on CNBC’s show.squawk boxThursday at the World Economic Forum in Davos, Switzerland. To combat soaring prices, the Federal Reserve has raised benchmark […]
Stock futures are flat as investors look ahead to economic data, Federal Reserve speeches – CNBC
Stock futures were flat Wednesday night as investors awaited economic data and speeches from the Federal Reserve Futures tracking the Dow Jones Industrial Average rose 3 points, or 0.01%. S&P 500 futures and Nasdaq 100 futures were up 0.05% and 0.08% respectively. The move comes after the stock has fallen in normal trading. The S&P […]
Stocks give back gains, Dow sheds 350 points as January rally loses steam – CNBC
Traders at work on the floor of the New York Stock Exchange during morning trading on January 17, 2023 in New York City. Michael M. Santiago | Getty Images Stocks on Wednesday, now in their third week, regained their previous gains as investors put the brakes on the New Year’s rally. The Dow Jones Industrial […]