Wells Fargo's Chris Harvey is reluctantly Street's new biggest bull – CNBC
Wall Street’s new biggest bull is roaring like a bear. Chris Harvey of Wells Fargo Securities this week raised his year-end price target for the S&P 500 by about 20%. However, he is less enthusiastic about the path for market prices to rise. “It’s weird. It’s probably not a very good story, but even though […]
What all the cool kids want. How 6 portfolio stocks fared in Piper Sandler's new survey of teen likes and dislikes – CNBC
Who better to know what’s trending than teenagers? Piper Sandler has released the spring edition of its semi-annual “Taking Stock With Teens Survey” with solid results for several names in its portfolio. We love looking at this report, which looks at a broad demographic of Gen Z (roughly defined as people between the ages of […]
Bitcoin ETF issuers cast shadow over odds of SEC approving ether exchange-traded funds – CNBC
Companies ranging from BlackRock to Fidelity to VanEck, which issued a spot bitcoin ETF this year, are awaiting approval for their ether products. Some issuers are not confident that the SEC will greenlight Ether applications. “We were the first company in the U.S. to apply for Ethereum, and we [Ark Invest CEO] “I think Cathie […]
Stock futures are little changed as investors await March inflation data: Live updates – CNBC
3 hours ago Real estate sector outperforms even on tepid day The S&P 500 ended Monday down slightly by 0.04%, but the real estate sector outperformed. Apartment real estate investment trusts were the best performers in the sector, with Camden Property Trust up 5.7%. The stock marked its best trading since November 2022. 4 hours […]
IRS adds ‘important update’ for free Direct File pilot as federal tax deadline approaches – CNBC
D3 Sign | Moment | Getty Images With one week left until the April 15 federal tax deadline, the IRS has released an “important update.” direct filethe agency’s free tax filing program. Since March 12, the pilot program has been fully open to select filers in 12 states, allowing users to use Direct File to […]
The market again has adjusted its view on rate cuts, with as few as two now expected – CNBC
This week, markets will receive two important signals about how quickly and by how much the Federal Reserve will cut interest rates. The result could test investors’ patience at a time when there are growing signs that the central bank, which had been expected to aggressively ease monetary policy this year, will instead be more […]
Jim Cramer blasts a 'sell' call on a top-performing stock in a sweet spot of the AI wave – CNBC
Jim Cramer’s CNBC Investment Club hosts a “Morning Meeting” livestream weekdays at 10:20 a.m. ET. A recap of Monday’s key moments. U.S. stocks rose on Monday as Wall Street tried to recover from last week’s decline. Investor concerns about the US Federal Reserve’s next policy actions have weighed on the market recently. “Let’s not focus […]
Ripple CEO predicts crypto market will double in size to $5 trillion by the end of 2024 – CNBC
Ripple CEO Brad Garlinghouse speaks at the 2022 Milken Institute Global Conference held in Beverly Hills, California, USA on May 4, 2022. Mike Blake | Reuters “I’ve been in this industry for a long time and I’ve seen these trends come and go,” Garlinghouse told CNBC. “I’m very optimistic. I think macro trends, big-picture things […]
Stock futures rise in overnight trading following the market's losing week: Live updates – CNBC
Traders gather on the floor of the New York Stock Exchange on August 4, 2022. Source: New York Stock Exchange Stock futures rose in overnight trading on Sunday after a week of market losses as 2024 stock gains took a lull. Dow Jones Industrial Average futures rose 95 points. S&P 500 futures rose 0.2% and […]
New ETF looks to profit from municipal bonds – CNBC
A new ETF is looking to capitalize on the municipal finance space. Joanna Gallegos of BondBloxx is behind the IR+M Tax-Aware Short Duration ETF (TAXX). This ETF has been on sale for less than a month. “When you think about a municipal bond portfolio, I really want people to think beyond that and look for […]