With inflation low and wages showing little sign of an upward surge, the U.S. Federal Reserve should not be raising interest rates, Minneapolis Fed President Neel Kashkari said on Tuesday. “What’s the rush?” Kashkari asked at an event at Michigan Technological University in Houghton, Michigan, adding that neither wage nor inflation data is giving any […]
Read moreThe energy sector is on pace for its sixth month of losses, which would mark its longest monthly losing streak going back to the creation of the modern sector system in 1999. And some strategists are forecasting further downside ahead for the sector that’s tethered closely to oil prices. Crude has fallen nearly 19 percent […]
Read moreA daily morning look at the financial stories you need to know to start the day. STOCKS/ECONOMY -Stock futures are mixed after Tuesday’s losses and another big drop for tech stocks. -Mortgage applications fell 6.2 percent last week. OIL/ENERGY -U.S. crude prices are down, but holding at the $44 a barrel level after Tuesday’s gains. […]
Read moreCheck out which companies are making headlines before the bell: General Mills – The food maker earned an adjusted 73 cents per share for its latest quarter, two cents a share above estimates. The company beat on the top line as well, benefiting from fewer promotions and expense controls. General Mills also raised its quarterly […]
Read moreOver the years, Jim Cramer found that when it comes to investing, some of the best advisors have been none other than his two teenage daughters. “We all know that teenagers are incorrigible. The last thing they want to hear about is stocks. They have bigger fish to fry. To which I say, so what? […]
Read moreInvesting for children can be tricky, but Jim Cramer says that if you do it right, it can leave your loved ones much better off by the time they grow up than if you avoid it altogether. “Parents, grandparents, listen up. You can give all sorts of things to families that had just had babies. […]
Read moreThere used to be a widespread understanding in the stock market that stocks could be here today and gone tomorrow, but Jim Cramer finds that is not the case anymore. “We’ve gone well beyond that,” the “Mad Money” host said. “Those days are long over, and if you recommend a stock for a trade, even […]
Read moreFresh off a recent victory at Buffalo Wild Wings, activist investor Mick McGuire is ramping up his campaign at Deckers Outdoor Corporation, the parent company of Ugg. McGuire is laying out an ultimatum for Deckers, saying that if the company’s strategic review process doesn’t lead to a sale, he’ll seek to replace the entire board. […]
Read moreRates are jumping right now after global central bankers promised inflation is eventually coming. Bond yields jumped dramatically in Europe and are rising in the U.S. as central bankers have re-emphasized inflation. The moves started when European Central Bank head Mario Draghi said the European economy was “strengthening and broadening.” But it was this comment […]
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Steel stocks rose Tuesday amid expectations of a favorable Trump administration announcement on trade policy. U.S. Steel briefly rose more than 2 percent, while AK Steel jumped 3 percent in midday trading. Steel Dynamics and Nucor each traded more than 1 percent higher. The Department of Commerce is expected this week to announce findings from […]
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