Fed’s ‘laser beam’ focus is bullish for market, top economist Michael Darda suggests
Stocks may have another reason to rally. According to MKM Partners’ Michael Darda, the risk of a monetary policy mistake at the margin is lower now than it was just yesterday. His call follows Federal Reserve chief Jerome Powell’s speech...
Delaying an election is incredibly difficult, but here’s what experts say could happen to the economy if the 2020 election were postponed
Tensions over the validity of a mail-in election are growing. “This is the greatest scam in the history of politics,” President Donald Trump declared in one of his appearances at this week’s Republican National Convention. “They’re going to mail out...
Jared Kushner praises Powell, says Fed chief ‘stepped up to the plate’ during coronavirus crisis
White House senior advisor Jared Kushner on Thursday praised Federal Reserve Chairman Jerome Powell for his leadership of the central bank’s response to the coronavirus pandemic. “Look, you really see what people are made of in times of crisis and I...
Stocks making the biggest moves after hours: NetApp, Williams-Sonoma, Box & more
Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell: NetApp — NetApp shares rose more than 10% in after-hours trading after the data-storage company reported unexpected earnings and sales growth. NetApp reported adjusted earnings of 73...
U.S. core capital goods orders slow in July from prior month, while durable goods orders surge 11.2%
New orders for key U.S.-made capital goods slowed in July, suggesting the rebound in business investment could become more gradual amid uncertainty about the course of the Covid-19 pandemic, even as the recovery in manufacturing appears to be gaining traction....
Fed’s Esther George sees risks building of double-dip recession
Kansas City Federal Reserve President Esther George said the recession that began in February could revisit the economy if the coronavirus pandemic intensifies. “An important risk to that outlook is thinking about what happens as we come into the fall,...
Stock futures edge lower after S&P notches another record
U.S. stock futures were slightly lower in early morning deals on Wednesday after the S&P 500 closed at a new record high. At around 4:25 a.m. ET, Dow futures dipped 63 points, implying an opening loss of around 68 points....
As U.S. makes progress on the virus front, Peter Boockvar predicts inflation will become a serious headwind — with or without Fed involvement
With or without the Federal Reserve’s involvement, Peter Boockvar of the Bleakley Advisory Group sees signs inflation is making a comeback. His call comes two days before Fed Chair Jerome Powell is scheduled to deliver a key policy speech at...
Stocks making the biggest moves midday: Gap, Medtronic, Apple, Starbucks, Chipotle and more
A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Medtronic — Shares of the medical device company rose 3.5% after Medtronic beat Wall Street expectations for its fiscal...
Sales of newly built homes surge 36% in July
Daniel Acker | Bloomberg | Getty Images Sales of newly built homes soared across the nation in July, as pent-up demand from the shutdown spring market, urban flight and a new desire for more work-at-home space fueled the growth. As...
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