Retail investors’ thirst for small caps has merit, Wells Fargo’s top strategist suggests
A popular spot targeted by retail investors may deliver the year’s biggest gains. Wells Fargo Securities’ Chris Harvey said he believes the affinity for small caps has merit because growth stocks have gotten so expensive. “Retail is very influential,” the...
Fed Chair Powell says rates will stay low for a while, citing bleak jobs picture
Federal Reserve Chairman Jerome Powell on Wednesday painted a dour picture on the state of U.S. employment, saying continued aggressive policy support is needed to fix the myriad issues still facing workers. Addressing the issue will require a “patiently accommodative...
Stock futures rise slightly after equities snap six-day winning streak
U.S. stock rose slightly in early morning trading on Wednesday following the regular session that snapped a six-day winning streak on Wall Street. Dow futures rose 74 points. S&P 500 futures and Nasdaq 100 futures also both traded in mildly...
Inflation likely increased slightly in January, bolstered by rising gas prices
Getty Images Investors are waiting for inflation to pick up, but the consumer price index should show just a slight gain in January, boosted by rising gasoline prices. Economists expect a consensus 0.3% increase in the index, a measure of...
Job openings increased toward the end of 2020, but a big employment gap remains
A hiring sign is posted i front of a Target store on February 05, 2021 in San Rafael, California. Justin Sullivan | Getty Images Employers added slightly more job posts late last year, but hiring slipped as the labor market...
Mortgage delinquencies sink to pandemic low, but distress is far from over
H&R Block mortgage services sign Jb Reed | Bloomberg | Getty Images Mortgage delinquencies in November fell to their lowest level since the start of the coronavirus pandemic, though the number is still far higher than the rate a year...
JPMorgan’s Wall Street chief gives his call for the stock market, SPACs, fintech and CEO succession
If anybody on Wall Street is due a victory lap, it’s Daniel Pinto. The head of JPMorgan Chase’s massive corporate and investment bank is fresh off a year for the record books: Pinto’s business produced $49.3 billion in revenue and...
Regulators will launch a ‘full-fledged assault’ against Facebook and Twitter, tech investor Paul Meeks predicts
Investor Paul Meeks won’t invest in social media stocks right now, he told CNBC on Monday. Meeks, who’s known for running the world’s largest tech fund during the dot-com bubble, predicted regulators will target the group this year — with Facebook and...
China plans to hand out $1.5 million in a digital currency test during the Lunar New Year
Men wearing face masks walk past a Gap store at a shopping area, as the country is hit by an outbreak of the new coronavirus, in Beijing, China February 7, 2020. Jason Lee | Reuters BEIJING — China’s capital city...
Yellen says U.S. could return to full employment next year if Congress passes $1.9 trillion stimulus
Outgoing Federal Reserve Chair Janet Yellen holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. Jonathan Ernst | Reuters The U.S. could return to full employment in 2022 if President...
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