Stocks making the biggest moves after hours: Nike, Zions Bancorporation, Nucor and more – CNBC
Check out the companies that made headlines after the bell: Nike — Shares rose nearly 1% after sneaker giant and athletics apparel company renewed uniform partnerships with the NBA and WNBA. The company will be the exclusive provider of uniforms for both leagues for the next 12 years. Zions Bancorporation — Regional bank shares rose […]
Street note lifts cybersecurity stocks, supports our call to own two names in sector – CNBC
Every weekday, Jim Cramer's CNBC Investment Club releases the Homestretch, a practical afternoon update to coincide with the last hour of trading on Wall Street. Bonds in the driver's seat: Stock markets take a breather Monday. A pullback this week would end the S&P 500's longest six-week winning streak of the year. Against the market, […]
UBS sells its 50% stake in Swisscard to American Express – CNBC
The UBS logo is seen on an office building in Krakow, Poland, on February 22, 2024. Jakub Porzycki | Null Photo | Getty Images UBS has entered into a deal to sell part of the Credit Suisse business it acquired last year and sell a 50% stake in credit card company SwissCard. UBS sells 50% […]
Surge in active ETFs has been 'remarkable,' analyst says. How to know if it's right for your portfolio – CNBC
Izusec | E+ | Getty Images Exchange-traded funds are generally known for their passive strategies. But experts say actively managed ETFs are proliferating as investors seek lower costs and greater accuracy. At the beginning of 2019, active ETFs represented just over 2% of the U.S. ETF market, but these funds have since grown. 20% or […]
Jefferies says these top stock picks are cheap and offer upside heading into year-end – CNBC
Jefferies said there is room for some stocks to rise in the coming months as the fourth quarter gets into full swing. Despite increased volatility in recent months (the CBOE Market Volatility Index is up 48% in the past three months), the market has already seen gains this quarter. Buoyed by a strong start to […]
Some workers qualify for a maximum Social Security retirement benefit. But even people with moderate earnings can increase their checks – CNBC
Twenty47 Studios | Moments | Getty Images Millions of Social Security recipients will benefit from a 2.5% cost-of-living adjustment for 2025 that is scheduled to take effect in January. The increase would jump the maximum Social Security benefits for workers retiring at full retirement age to $4,018 per month from $3,822 this year. Social Security […]
Why 401(k) plans are the 'final frontier' for exchange-traded funds – CNBC
Momo Production | Digital Vision | Getty Images While many investors are flocking to exchange-traded funds (ETFs), they're not as popular among 401(k) plan participants. Exchange-traded funds (ETFs) emerged in the early 1990s and have since amassed about $10 trillion. Mutual funds hold about $20 trillion, but ETFs are slowly losing their dominance. ETFs now […]
Crude oil prices edge higher after four-day losing streak – CNBC
Crude oil futures rose slightly on Thursday after a fourth straight day of declines, as concerns about supply disruptions in the Middle East receded and a glut looms in the market next year. While Israel has so far refrained from retaliating against Iran, the situation “could change in an instant,” said Aditya Saraswat, director of […]
U.S. crude oil falls below $71 per barrel, continuing sell-off – CNBC
U.S. crude oil futures fell slightly on Wednesday, trading below $71 a barrel, after plunging in premarket trading on reports that Israel would not attack Iranian oil facilities. The U.S. benchmark fell by more than 4% on Tuesday after Israel told the U.S. it would limit retaliatory strikes to Iranian military targets, a senior Biden […]
Wells Fargo CEO calls consumers 'extremely resilient' – CNBC
wells fargo CEO Charlie Scharf gave CNBC's Jim Cramer a positive outlook on the consumer landscape. “Consumers are very resilient,” he said. “We're not going to sit here and say the risk doesn't exist. But what we're seeing looks pretty, pretty strong.” Consumer spending on both debit and credit cards is increasing “at a very […]