Looking at the winners and losers on the trip to 3,000 by the S&P 500
Visa Inc. credit and debit cards are arranged for a photograph in Washington, D.C., U.S., on Monday, April 22, 2019. Andrew Harrer | Bloomberg | Getty Images The S&P 500 tops 3,000. What a difference five years makes. The S&P...
JP Morgan strategist: Fed is ‘fundamentally making a mistake’ by cutting rates
A top strategist at J.P. Morgan Asset Management said on CNBC Wednesday that the Federal Reserve is “fundamentally making a mistake” with its anticipated rate cut at the end of the month. David Kelly, the chief global strategist at J.P....
Stocks making the biggest moves after hours: Levi Strauss, T-Mobile, Facebook
Pedestrians walk past an entrance to the Wall Street subway station near the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Levi Strauss fell 6% following...
Virgin Galactic deal sparks interest in an obscure investment vehicle with a spotty track record
Sir Richard Branson walks around the new Virgin Galactic SpaceShipTwo at its roll out in the Mojave Desert, about a year and a half after Virgin’s last rocket plane broke into pieces and killed the test pilot. Al Seib |...
Fed Chair Powell’s job is safe ‘at the present time,’ Larry Kudlow says
Federal Reserve Board Chairman Jerome Powell speaks during a news conference on December 19, 2018 in Washington, DC. The US Federal Reserve raised the short-term interest rates by a quarter percentage point on Wednesday, the fourth increase of the year,...
StanChart chairman calls for further consolidation in the European banking sector
Greater consolidation is needed across the continental European banking sector if it is to thrive again after the financial crisis, according to Standard Chartered chairman Jose Vinals. Speaking to CNBC’s Hadley Gamble at the Europlace Financial Forum in Paris, Vinals...
In a scene reminiscent of the financial crisis, axed Deutsche Bank workers leave with belongings
The scene was solemn at Deutsche Bank’s offices in London, New York and Tokyo on Monday as scores of employees, belongings in hand, left their desks for the final time as the German lending giant began one of the largest...
Deutsche Bank shares turn negative as lender gets ready for major overhaul
Deutsche Bank shares turned negative after initially jumping nearly 4% in early morning trade on Monday as the German lender announced a mass restructuring program over the weekend. In one of its boldest overhaul, the bank will see 18,000 jobs...
Stocks don’t need a rate cut to rally, market bull Jeff Mills says
Wall Street bull Jeffrey Mills believes a Federal Reserve interest rate cut is not necessary to sustain the stock market rally. However, the PNC Financial co-chief investment strategist believes it’ll happen later this month anyway despite the stronger than expected...
Tech stocks are vulnerable to another near-term pullback, long-time investor Paul Meeks warns
Investor Paul Meeks is avoiding the group that made him famous. Meeks, who’s known for running world’s biggest tech fund for Merrill Lynch during the dot-com boom and subsequent collapse, is questioning valuations following the impressive run from the recent...
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