Jerome Powell
European stocks cautiously higher as market uncertainty lingers; Sweden’s Riksbank cuts rates
Casper Hedberg | Bloomberg | Getty Images LONDON — European stocks were cautiously higher Tuesday, with market uncertainty lingering over the outlook for interest rate cuts. The pan-European Stoxx 600 index was up 0.15% in early deals, with sectors and major bourses trading in mixed territory. Tech stocks added 1.28%, while oil and gas fell […]
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CNBC Daily Open: Wall Street extends winning run
Traders work the floor of the New York Stock Exchange on August 16, 2024. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you […]
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CNBC Daily Open: Wall Street extends winning run
Traders work the floor of the New York Stock Exchange on August 16, 2024. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you […]
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European markets start the new trading week in mixed territory
London’s Bishopsgate, the British capital’s financial district. Vuk Valcic | Sopa Images | Lightrocket | Getty Images LONDON — European stocks started the new trading week in mixed territory, after global markets rallied last week. The pan-European Stoxx 600 index was marginally lower in opening deals, down 0.08%, with sectors and major bourses diverging. Tech […]
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CNBC Daily Open: Wall Street’s ‘dress rehearsal’
Traders work the floor of the New York Stock Exchange on August 16, 2024. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you […]
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CNBC Daily Open: Wall Street ‘dress rehearsal’
Traders work the floor of the New York Stock Exchange on August 16, 2024. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you […]
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Stock futures rise slightly after S&P 500 notches best week of the year: Live updates
Traders work on the floor at the New York Stock Exchange on Aug. 8, 2024. Brendan McDermid | Reuters Stock futures inched higher in overnight trading Sunday after the S&P 500 registered its best week of 2024. Futures tied to the S&P 500 rose 0.2%, while futures connected to the Dow Jones Industrial Average added […]
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These banks are cutting CD and savings rates. Where to park your cash to grab yield
As the Federal Reserve rate cuts near, investors will likely soon see the juicy yields on their cash start to tumble. In fact, banks have already started to slash their payouts. Last week, three online banks cut their 1-year CD rates, according to BTIG. The biggest decline came from Capital One , which decreased its […]
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Home Depot may need an interest rate cut to boost its sales
A sign is seen posted on the exterior of a Home Depot store on February 21, 2023 in El Cerrito, California. Justin Sullivan | Getty Images Just like Wall Street, Home Depot is closely watching the Federal Reserve’s next move. In an interview with CNBC, Chief Financial Officer Richard McPhail said homeowners have postponed moving […]
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Home Depot expects sales to weaken as consumers grow more cautious
Home Depot on Tuesday topped quarterly expectations, but cautioned that sales will be weaker than expected in the back half of the year as high interest rates and consumer uncertainty dampen demand. The home improvement retailer said it now expects full-year comparable sales to decline by 3% to 4% compared to the prior fiscal year. […]
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