Month: May 2022
These stocks should beat the market as the Fed keeps boosting short-term rates, history shows
The Fed has signaled it will raise interest rates at its May policy meeting for the second time this year. Source
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Here’s Goldman Sachs’ playbook for trading in Latin America’s biggest market
Goldman Sachs highlighted several names in Brazil that could do well going forward. Source
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Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on March 16. Text removed from the March statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both […]
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TurboTax owner Intuit to pay $141 million to customers ‘unfairly charged’
Kimberly White | Getty Images Entertainment | Getty Images Intuit, the owner of popular tax filing software TurboTax, will pay $141 million in restitution to millions of low-income Americans who were “unfairly charged” for services that should have been free, according to a multistate agreement announced Wednesday. TurboTax also agreed to reform its business practices. […]
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France becomes first big European nation to grant crypto giant Binance regulatory approval
Binance CEO Changpeng Zhao gave a keynote at a Paris crypto industry event in April 2022 to debut a new accelerator program for so-called “Web3” start-ups. Benjamin Girette | Bloomberg | Getty Images Binance has been granted approval from regulators to operate its cryptocurrency exchange in France. The company is now listed as a registered […]
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Stocks would need to fall a lot further before the Fed rethinks rate hikes, Citi says
Thanks to soaring inflation, the Fed could be willing to take more market pain before easing policy, Citi says. Source
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A slate of EV automakers report earnings this week and will try to prove they can turn hype into production
Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. Andrew Kelly | Reuters Investors holding beaten-up electric vehicle stocks are bracing for first-quarter […]
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An original Uber, Lyft competitor still trying to build a new rideshare model
Logo for Getaround peer-to-peer car sharing service on the side of a car in the Silicon Valley town of Mountain View, California, August 24, 2016. Smith Collection/Gado | Archive Photos | Getty Images In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. After a […]
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Biden touts $1.5 trillion budget deficit reduction — but he’s not telling the whole story
U.S. President Joe Biden speaks while meeting with small business owners in the Eisenhower Executive Office Building in Washington, D.C., on Thursday, April 28, 2022. Samuel Corum | Bloomberg | Getty Images President Joe Biden on Wednesday tried to cast his administration as spending hawks, touting sizable reductions in the federal deficit this fiscal year […]
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Jim Cramer reveals how he invests his own money—and why he keeps 50% in cash
Viewers of CNBC’s stock-trading show “Mad Money” might be surprised to learn that host Jim Cramer doesn’t trade individual stocks and keeps half of his portfolio in cash. His personal investments include: 50% in cash 40% in U.S. index funds 5% in international index funds 5% in gold and crypto Part of the reason is […]
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