JP Morgan’s widely followed market analyst says it’s time to buy the dip
J.P. Morgan is telling its clients to make the most of the market’s massive sell-off this week, as it’s almost over. The bank’s widely followed analyst Marko Kolanovic said the dip was largely technical and followed the same selling template...
Charles Schwab chief strategist: It wouldn’t surprise me to see a full 10% correction
The sell-off in stocks may not be over, Charles Schwab’s chief investment strategist, Liz Ann Sonders, told CNBC on Friday. “It wouldn’t surprise me to see us in a similar situation as we were in January and February where you...
Circle’s sometimes head-scratching deals take shape as a massive, long-term cryptocurrency bet
There is a method behind Circle’s seemingly random deal-spree. What started as a peer-to-peer payment company five years ago has fully embraced cryptocurrency. Circle is buying up exchanges and startups in a bet that, despite this year’s slump in prices,...
Larry Kudlow suggests some CEOs may be using China tariffs as an excuse for poor performance
Some American companies could be using China’s retaliatory trade tariffs as an excuse for their own poor quarterly performances, White House economic advisor Larry Kudlow told CNBC on Friday. Kudlow, who declined to call out any companies by name, said...
Yellen says Fed is being ‘thoroughly sensible’ and not crazy, as Trump says
Former Federal Reserve Chair Janet Yellen balked at President Donald Trump’s growing attacks on the Fed and expressed confidence in her successor, Jerome Powell, according to The Wall Street Journal. “The Fed is certainly not crazy in terms of what...
This week’s violent sell-off was a ‘regime shift’ to new leaders, not a market top, Tom Lee says
It’s been a tough start to the fourth quarter for U.S. equities. But after an autopsy of trading in October, Fundstrat’s Tom Lee said the pullback looks more like a changing of leaders and laggards than a reason to sell....
Consumer sentiment falls shy of expectations, but confidence in economic policy is at a 15-year high
A survey of consumer sentiment in October fell just short of expectations on Friday but found American confidence in U.S. economic policy was at a 15-year high. The University of Michigan’s monthly survey of consumers hit 99 in its preliminary...
Cramer: The Fed is ‘vastly out of touch’ — I favor one more hike, then ‘Yellen-ize’ and hold
The stock market’s rebound Friday is the beginning of a “real rally,” and the only thing that could hurt it is the Federal Reserve, according to CNBC’s Jim Cramer. Cramer, who has been critical of Fed leadership under Jerome Powell...
Fed’s Evans says it’s time to ‘readjust the policy stance’ and keep raising rates
The recent slide in stocks has not persuaded Chicago Federal Reserve President Charles Evans that the central bank should stop raising interest rates. In a CNBC interview Friday, Evans said the economy still looks strong and he and his fellow...
Former White House economic advisor Gary Cohn joins blockchain start-up
Former White House economic advisor Gary Cohn is finally unveiling his next career move: blockchain. Cohn, who left the Trump administration in March, will join start-up Spring Labs as an advisor, the company announced in a press release Friday. The...
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