As the U.S. stock market prepares for its “Trumpiversary” — the one-year mark of the 2016 presidential election and a 21 percent gain in the Standard & Poor’s 500 — pundits of both politics and business are asking the same question. Did investor confidence in President Donald Trump do this? One answer comes from international […]
Read moreOne day in September, investors with fading summer tans mingled with their brokers over a three-course lunch at Cipriani in Lower Manhattan. Stocks were soaring and they swapped market tips and touted apps that allowed them to buy Bitcoin on the golf course. But the full stomachs and fat portfolios couldn’t mask a sense of […]
Read moreAfter DuPont spun off paint manufacturer Axalta in 2012, the new stock initially spiked before spending a year trading sideways. This year, AkzoNobel expressed interest in buying Axalta, and Axalta’s stock surged. It’s no secret that CNBC’s Jim Cramer loves corporate breakups, but spinoffs, when a company separates from a smaller, undervalued segment, are slightly […]
Read moreWhen the stock market acts unexpectedly, CNBC’s Jim Cramer says you just have to roll with the punches, like investors did with the stocks of Activision Blizzard and Starbucks on Friday. Both companies reported their quarterly earnings after Thursday’s bell. Activision Blizzard, the video game giant behind “Call of Duty” and “Candy Crush,” beat analyst […]
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CNBC’s Jim Cramer told investors to hang on to the stock market’s “benign” action on Friday ahead of another potentially raucous week of earnings. “You combine a good, not too hot, not too cold non-farm payroll number from the Labor Department that had little wage inflation, throw in some blockbuster earnings and voila, you get […]
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The Fed’s campaign to reduce its $4.4 trillion balance sheet is now taking effect and showing up in the data. Thursday’s Federal Reserve report on its portfolio holdings shows a near $6 billion decline in its holdings of Treasury securities. It’s the biggest outright weekly decline since 2012. It’s just the leading edge of more […]
Read moreOctober’s flat wage growth and big drop in labor participation look like negatives for an economy that has been steaming along, but economists are writing it off as storm damage and expect the Fed to raise interest rates. October job growth was 261,000, less than the 310,000 expected by economists in a spring back from […]
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Bears are known for hibernating, but its the bulls in the oil market that might as well settle in for a long nap, according to Wells Fargo. The bank expects the current bear market for crude oil to last another five to 10 years, Wells Fargo Investment Research Analyst Austin Pickle wrote in a new […]
Read moreIf you don’t know exactly what a “bull market” is, you’re in good company. According to results from a financial fitness quiz conducted by American Century Investments and Investopedia, more than half of the 2,260 respondents could not define the financial term. CNBC spoke with Nick Holeman, certified financial planner at Betterment, who explained everything […]
Read moreThe job market rebounded strongly in October from the hurricane induced job slump in September. Averaging the job gains of the past several months shows a jobs gain of closer to 175,000. This is probably not too far off the economy’s underlying job growth – abstracting from temporary factors, like the hurricanes, and the monthly […]
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