Day: June 14, 2022
Wall Street is on a one way trip to misery until Fed hikes stop, market forecaster Jim Bianco warns
Until inflation peaks and the Federal Reserve stops hiking rates, market forecaster Jim Bianco warns Wall Street is on a one way trip to misery. “The Fed only has one tool to bring in inflation and that is they have to slow demand,” the Bianco Research president told CNBC “Fast Money” on Tuesday. “We may […]
Read More
Buffett disciple Mohnish Pabrai says this country is ‘probably the cheapest market in the world’
Turkey’s economy may be battered by soaring inflation and a currency crisis, but Buffett disciple and veteran investor Mohnish Pabrai says he’s interested in the market. Pabrai, who is managing partner of Pabrai Investment Funds, said Turkey is “probably the cheapest market in the world.” But opportunities are being overlooked because of economic turmoil in […]
Read More
Cramer’s lightning round: Stay away from Equinix for now
Bausch Health Companies Inc: “I can not believe that this has worked out as bad as it has. It’s one of the worst picks I’ve had. … [CEO Joe Papa’s] got to come back on the show. That’s the only way to clear the air.” Equinix Inc: “I thought that Equinix would be a good […]
Read More
Jim Cramer says to consider buying these 10 cheap, high growth stocks with dividend protection
CNBC’s Jim Cramer on Tuesday offered investors a list of stocks he believes will help investors’ portfolios withstand the geopolitical and economic issues currently roiling the stock market. “When the market comes down so far, so fast, you can find genuinely good buying opportunities,” the “Mad Money” host said. “You’ve got to be selective because […]
Read More
Charts suggest this week could be a ‘key moment’ for the S&P 500, Jim Cramer says
CNBC’s Jim Cramer on Tuesday said that there could be a “key moment” for investors to do some buying in the S&P 500 this week, leaning on analysis from DeCarley Trading market strategist Carley Garner. Garner believes there’s a “moderate chance” of a rebound later this week, but the more likely scenario is either seeing […]
Read More
Stock futures rise slightly as investors brace for a big Fed rate hike
Stock futures rose slightly in overnight trading Tuesday as investors anxiously awaited the Federal Reserve’s aggressive action to tame surging inflation. Futures on the Dow Jones Industrial Average gained 70 points. S&P 500 futures edged up 0.3% and Nasdaq 100 futures rose 0.4%. The S&P 500 suffered a five-day losing streak on Tuesday, dipping deeper […]
Read More
30-year mortgage rate surges to 6.28%, up from 5.5% just a week ago
Mortgage rates jumped sharply this week, as fears of a potentially more aggressive rate hike from the Federal Reserve upset financial markets. The average rate on the popular 30-year fixed mortgage rose 10 basis points to 6.28% Tuesday, according to Mortgage News Daily. That followed a 33 basis point jump Monday. The rate was 5.55% […]
Read More
Apple’s new streaming soccer deal shows how strong businesses can grow even in tough times
A strong balance sheet, like Apple’s, allows for continued growth-oriented investments despite a turn in macroeconomic conditions. Source
Read More
House OKs security boost for Supreme Court judges, families
Abortion-rights advocates stage a protest outside the home of U.S. Associate Supreme Court Justice Brett Kavanaugh on May 11, 2022 in Chevy Chase, Maryland. Kevin Dietsch | Getty Images The House gave final approval Tuesday to legislation that would allow around-the-clock security protection for families of Supreme Court justices, one week after a man carrying […]
Read More
Ex-employee’s lawsuit accuses Stew Leonard’s boss of making racist, sexist, anti-Semitic remarks
Customers push shopping carts outside a Stew Leonard’s supermarket in Paramus, New Jersey, U.S., on Tuesday, May 12, 2020. Stew Leonard Jr. said that meat packing plant the company uses is operating at about 70 percent capacity, and he expects it to rebound to full capacity in about a month, CT Post reported. Angus Mordant […]
Read More