World
Port of Los Angeles freight rail delays reach two-year high, with holiday and everyday items piling up
A freight engine and shipping containers are viewed in a Union Pacific Intermodal Terminal rail yard on November 21, 2022 in Los Angeles, California. Mario Tama | Getty Images News | Getty Images Record imports over the last several months at West Coast ports, driven by the recent East Coast and Gulf Coast strike diversions […]
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Earnings next week will determine whether stocks still have further to run
Earnings next week will be key to where stocks head from here. There will be a significant jump in the number of companies set to report third-quarter results in the days ahead. While roughly one-tenth of S & P 500 companies reported over the past week, about 20% of the broader index plans to report […]
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Power goes out on the entire island of Cuba, leaving 10 million people without electricity
People wait for transportation at a bus station in Matanzas, Cuba, on October 18, 2024, during a nationwide blackout caused by a grid failure. Antonio Levi | AFP | Getty Images Electricity went out on the entire island of Cuba on Friday, affecting its population of 10 million after one of its main power plants failed, according […]
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U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark
The U.S. Treasury building in Washington, D.C., on Aug. 15, 2023. Nathan Howard | Bloomberg | Getty Images The Biden administration rang up a budget deficit topping $1.8 trillion in fiscal 2024, up more than 8% from the previous year and the third highest on record, the Treasury Department said Friday. Even with a modest […]
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Here’s something for the bulls to celebrate over the next 10 weeks
If the stock market finishes October with returns similar to those already recorded since April, historical data shows there is even more upside on the horizon. Nerad + Deppe Wealth Management’s Steve Deppe found 12 other examples since 1950 when the S & P 500 ended October with a six-month trailing return above 10%. The […]
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Bitcoin climbs 9% for its best week in more than a month: CNBC Crypto World
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Chris Metinko […]
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These dividend-paying stocks could be in the ‘early innings’ of a rally
It’s time to step back into health-care stocks, according to Wolfe Research. The sector was one of the worst performing over the past month, pulling back over 4% from September to October, technical analyst Rob Ginsberg wrote in a note on Tuesday. “As evidenced by XLV [Health Care Select Sector SPDR Fund], price is back […]
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This rangebound precious metal is about to break out and see strong gains, says Carter Worth
Range bound the past six months, silver is now toying with the prospect of an important breakout: up and out of the range in which it’s been mired. The four identical charts below tell the tale. For investors looking to get long silver, the ETF to use is the iShares Silver Trust (SLV) . SLV traded […]
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Watch maker Patek Philippe launches first new collection in 25 years
Introducing the new Patek Philippe Cubitus line. Courtesy: Patek Philippe Storied Swiss watch maker Patek Philippe announced its first new collection in 25 years this week, dubbed the Cubitus line. The new collection comes at a time when luxury watch prices have largely stabilized, fueled by strong demand. Younger investors and collectors began buying up […]
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Fed rate cuts can boost this trade that’s a seasonal winner, Tom Lee says
One of Wall Street’s reliable seasonal trends is about to come to flower, and this year there are solid fundamentals to power a rally, according to Fundstrat. Tom Lee, Fundstrat’s head of research, said in an Oct. 17 note to clients that the firm is opening a six-month “tactical overweight” on the homebuilding sector. The […]
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