San Francisco Fed President Mary Daly said Wednesday that she did not think the Fed needs to lower interest rates to offset the effects of the coronavirus outbreak or other economic headwinds. Appearing on CNBC’s “Power Lunch,” Daly said she did not think the outbreak would do anything “material” to the U.S. economy, even with […]
Tag: Investment strategy
70% chance of recession in next six months, study from MIT and State Street finds
There’s a 70% chance that a recession will hit in the next six months, according to new research from the MIT Sloan School of Management and State Street Associates. The researchers created an index comprised of four factors and then used the Mahalanobis distance — a measure initially used to analyze human skulls — to […]
Dow up big, Tesla tops $900 in parabolic move
Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images This is a live blog. Check back for updates. 3:11 pm:Â Tesla soars 21% at session high Shares of Tesla surged 21% to its session high of […]
Why the midlife crisis is worse for women, according to Ada Calhoun
Ada Calhoun, who’s written about the financial struggles of middle-aged women today Gilbert King The summer of 2017 was a difficult one for Ada Calhoun. The 41-year old freelance writer watched a bunch of her projects fall through. She racked up $20,000 in credit card debt, and had next to no savings behind her. Childcare […]
Caterpillar earnings come in at $2.63, vs $2.37 EPS expected
Shares of Caterpillar fell on Friday after reporting a revenue miss in the fourth quarter, citing “global economic uncertainty.” Industrial giant’s quarterly earnings came in at $2.63 per share adjusted, compared to an estimate of $2.37 per Refinitiv. However, its revenue fell 8% year-over year to $13.144 billion, below the estimate of $13.412 billion. CEO […]
Bank of England holds key interest rate steady
Mark Carney, the outgoing Governor of the Bank of England. Matt Dunham | WPA Pool | Getty Images The Bank of England (BOE) on Thursday held interest rates following Governor Mark Carney’s final monetary policy meeting. Sterling jumped 0.5% against the dollar to trade at around $1.3084 after the central bank’s Monetary Policy Committee (MPC) […]
Here’s how much cash Apple has on hand
Apple CEO Tim Cook greets customers at the grand reopening of Apple’s flagship Apple Fifth Avenue retail store on September 20, 2019 in New York City. Taylor Hill | Getty Images Apple stock is heading into 2020 with a strong rally. Shares are up more than 7% this year and more than 100% since reporting […]
Apple, Starbucks, AMD and more
Customers look at Apple’s new iPhone 11 series smartphones at an Apple retail store at the IFC Mall in Pudong New Area, Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Take a look at the companies making headlines after the bell. Apple – Apple stock rose 2.5% after it reported strong fourth-quarter […]
Falling bond yields on coronavirus may stunt bank profits
U.S. Treasury yields are sliding, and that could negatively impact financial institutions, CNBC’s Jim Cramer said Monday. “Worries about a worldwide slowdown mean people will buy [U.S.] Treasurys, and when people buy Treasurys, interest rates go down,” the “Mad Money” host said. “Lower long-term rates translate to lower earnings for the banks, which is why […]
Earnings could spark a significant sell-off, Art Hogan warns
Long-time market bull Art Hogan is on pullback alert. With the busiest period of earnings season kicking off this week, the National Securities chief market strategist warns conditions are ripe for a significant move lower. “Stocks are relatively priced for perfection, and you tend to have a bit of an overreaction to bad news or […]
