business news
‘Bear market rally’ is setting stage for a correction, Morgan Stanley’s Mike Wilson warns
A major Wall Street firm is on correction watch. Despite the latest market bounce, Morgan Stanley’s Mike Wilson is bracing for an S&P 500 decline of at least 13% between now and September. Wilson cited technical headwinds on CNBC’s “Fast Money” on Monday. “It does have all the hallmarks of what I would call a […]
Read More
Asia-Pacific stocks rise as oil jumps about 2%; Reserve Bank of Australia rate decision ahead
SINGAPORE — Shares in Asia-Pacific rose in Tuesday morning trade as investors look ahead to the Reserve Bank of Australia’s latest rate decision. In Japan, the Nikkei 225 gained 0.4% as shares of SoftBank Group and Fanuc climbed more than 1% each. South Korea’s Kospi edged 0.12% higher. Elsewhere, Australia stocks also rose as the […]
Read More
Supreme Court pick Jackson’s confirmation likely after she clears key Senate hurdle, gains more GOP support from Romney, Murkowski
Judge Ketanji Brown Jackson is poised to cruise to Supreme Court confirmation after she cleared a key Senate hurdle and gained the support of two more Republican senators on Monday. Senators voted 53-47 Monday afternoon to move Jackson’s nomination out of the Judiciary Committee and onto the full Senate floor, clearing the path for a […]
Read More
Goldman names four megatrends with ‘oversold’ stocks to buy right now
Goldman Sachs Asset Management says some stocks currently offer a “hugely attractive entry point” for investors. Source
Read More
Cramer’s lightning round: I like Google over PubMatic
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
Read More
Jim Cramer on how 9 ‘pandemic plays’ that rallied Monday will perform going forward
CNBC’s Jim Cramer on Monday said that some of the pandemic-era winners that rallied on Monday will be able to hold onto their recovery while others will flounder. “When you see all the so-called pandemic plays roaring, without any kind of upsurge in Covid, you’ve got to take them on a case-by-case basis,” the “Mad […]
Read More
U.S. warns Russia will intensify its military operations in Ukraine after weeks of stalled ground fighting
Russian President Vladimir Putin marks the Defender of the Fatheland Day in 2015 in central Moscow, Russia, with military officials surrounding him. Sasha Mordovets | Getty Images News | Getty Images WASHINGTON — The Biden administration warned Monday that Russian forces are expected to intensify their military operations in Ukraine after weeks of stalled ground […]
Read More
SEC Chair Gensler says agency is planning greater oversight of crypto markets to protect investors
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, U.S., September 14, 2021. Evelyn Hockstein | Reuters Securities and Exchange Commission Chair Gary Gensler said on Monday that his agency is aiming to exercise greater […]
Read More
More contagious omicron BA.2 on track to displace other variants in U.S. in next two weeks
A resident receives a Covid-19 swab test during a mobile clinic at Saint Paul MB Church in Cleveland, Mississippi, on Saturday, Jan. 8, 2022. Rory Doyle | Bloomberg | Getty Images The more contagious omicron BA.2 subvariant now makes up 72% of Covid infections that have undergone genetic sequencing in the U.S., according to data […]
Read More
Stock futures are flat in overnight trading after tech-led rally
Traders on the floor of the NYSE, April 4, 2022. Source: NYSE Stock futures were flat in overnight trading Monday after investors bought the dip in technology shares following recent weakness. Futures on the Dow Jones Industrial Average dipped 14 points. S&P 500 futures were little changed, and Nasdaq 100 futures edged 0.1% lower. The […]
Read More