CNBC’s Jim Cramer said on Monday that the Federal Reserve could raise interest rates in August, ahead of its next scheduled meeting in September, if economic data this week shows inflation does not decline. “The Fed is still in charge of this market. A week ago it looked like they might relax, but after Friday’s … Read more
Warren Buffett’s stock-buying spree slowed significantly in the second quarter, even during the big market correction, and analysts said the “Oracle of Omaha” could preserve capital for other uses. Berkshire Hathaway’s net purchase of shares fell to $3.8 billion in the second quarter from more than $41 billion in the first quarter, according to the … Read more
Shares of Nvidia Corp. fell more than 5% in morning trading on Monday after the semiconductor company revealed it expects to be well below revenue expectations for its final quarter, largely due the weakness of the games. The company expects second-quarter revenue of $6.7 billion, up from $6.5 billion a year earlier, while analysts had … Read more
BlackRock says global markets have become more volatile and will remain so for some time. The world’s largest asset manager says the era of steady growth and low inflation is over: “We believe that traditional portfolios, hedges and risk models will no longer work.” “The Great Moderation, a long period of steady growth and low … Read more
Investors are focused on inflation over the coming week, after July’s strong jobs report signaled that the Federal Reserve may need to take an even tougher stance with interest rate hikes. This could also be a week in which investors watch whether rising Treasury yields begin to slow the summer rally in the tech sector. … Read more
Shares of Hyzon Motors Inc. suffered a record drop to a record low on Friday, after the fuel cell truck maker disclosed a ‘myriad of issues’, including accounting irregularities that will cause it to miss the filing deadline. for the second quarter results. This prompted a number of analysts to exit their bullish positions, including … Read more
Confetti falls as Lyft CEO Logan Green (C) and Chairman John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. Shares of the ride-hailing app company were initially priced at $72. Mario Tama/Getty Images Find out which companies are making headlines … Read more
The S&P 500 may be on the verge of securing two major bull SPXs, +0.01% milestones. First, the S&P has rallied from that mid-June low to major resistance at 4170. A two-day close above this level would be quite bullish and set the stage for a line challenge. downtrend defining this bear market as well … Read more
A customer walks to the entrance of a CVS Health Corp store. in downtown Los Angeles, California, U.S. on Friday, October 27, 2017. Christopher Lee | Bloomberg | Getty Images Check out the companies making headlines on Wednesday at noon. Gilead Sciences – Shares of the biopharmaceutical company rose 6.6% after quarterly revenue of $6.26 … Read more
Investors worried about the next pullback in equities might want to pause and consider this: the fall in stock valuations since the start of the year has already exceeded the average pullback of other recessionary periods since the early 1990s, according to JPMorgan Chase & Co.’ s regarding equity Marko Kolanovic. As more Wall Street … Read more
