BlackRock’s Rick Rieder said stocks still have a ways to fall in a period of uncertainty, but they should be higher at the end of the year.
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BlackRock’s Rieder sees more downside in the short term and is holding more cash than usual
European markets rise day after ECB rate cut; Gucci-owner Kering climbs 5%
ECB and Fed will be ‘fairly synchronized’ when it comes to pace of rate cuts, portfolio manager says The European Central Bank and the U.S. Federal Reserve will likely cut interest rates at a relatively similar pace as their respective rate cutting cycles are underway, Konstantin Veit, portfolio manager at Pimco, told CNBC’s “Street Signs […]
Read MoreNetflix shares jump 5% in premarket after third-quarter earnings beat
Netflix logo is screened on a mobile phone for illustration photo. Krakow, Poland on October 17th, 2024. Beata Zawrzel | Nurphoto | Getty Images Netflix shares jumped Friday after the media streaming giant reported third-quarter earnings and revenue that beat expectations. Shares of Netflix were up 5.4% in U.S. premarket trading as of 4:39 a.m. […]
Read MoreGermany’s auto giants are struggling to stay relevant
A VW Golf GTI stands in a parking lot within sight of the brand tower on the grounds of the VW plant in Wolfsburg, Germany. Julian Stratenschulte| Picture Alliance | Getty Images Germany’s automotive sector, long recognized for producing reliable and innovative internal combustion engine (ICE) cars, is struggling to preserve its relevance in the […]
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