Bill Gross: Fund has recovered from worst day ever, still confident in his ‘trade of the year’
Bill Gross hasn’t changed his investing outlook since his bond fund took a beating recently. Investors just need to be patient for his trade to work out, he told CNBC on Wednesday. On May 29, the portfolio manager’s Janus Henderson...
‘This economy will slow’ in mid-2019 or 2020: J.P. Morgan strategist
The party might be over soon for the 9-year-long bull market, J.P. Morgan strategist David Kelly told CNBC. “This economy will slow [in the] second half of 2019, 2020,” Kelly, who is chief global strategist at J.P. Morgan Asset Management,...
Markets increase bets for fourth rate hike this year after Fed statement
Markets increased their expectations for a fourth interest rate hike this year after the Federal Reserve released its statement and economic projections on Wednesday. Fed funds futures showed the odds for a hike in December, which would follow one likely...
Fed’s Powell says he will begin press conferences following each meeting starting in January
Federal Reserve Chairman Jerome Powell will become more of a presence to investors starting in January 2019, when he begins holding news conferences after every central bank meeting. Powell made the announcement Wednesday, after the conclusion of the policymaking Federal...
Short seller Carson Block compares hot China stock Tal Education to Enron; shares dive
Shares of Chinese after-school operator Tal Education plunged Wednesday after short seller Carson Block compared practices at the company to the financial fraud at Enron. The U.S.-listed shares of Tal briefly dropped more than 15 percent in morning trading. The...
Alan Greenspan on trade: The notion that foreigners are ripping us off is ‘nonsense’
Former Federal Reserve Chairman Alan Greenspan sharply disputed the notion the U.S. was being ripped off by other countries because of its trade deficit. The former central bank chief told CNBC that President Donald Trump has the situation “reversed” as...
Your first trade for Wednesday, January 13
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Alibaba. Karen Finerman was a seller of Netflix. Steve Grasso was a buyer of Lennar. Guy Adami was a buyer of CBS....
May producer prices jump in the biggest annual increase in nearly 6 1/2 years
U.S. producer prices increased more than expected in May, leading to the biggest annual gain in nearly 6-1/2 years, but underlying producer inflation remained moderate. The Labor Department said on Wednesday its producer price index for final demand rose 0.5...
Time Warner shares shoot higher after judge rules in favor of merger with AT&T; other media stocks gain
Media and telecommunications stocks shot higher in extended trading Tuesday after a federal judge ruled in AT&T’s favor on its $85 billion deal to acquire of Time Warner. Time Warner shares traded more than 5 percent higher in aftermarket trading....
After-hours buzz: TWX, HRB and more
Check out the companies making headlines after the bell on Tuesday: Shares of Time Warner surged more than 4 percent in extended trading, after a federal judge approved a proposed takeover by AT&T. U.S. District Court Judge Richard Leon imposed...
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