Markets
Chicago Fed President Goolsbee ‘a little wary’ about cutting interest rates too quickly
Key Points Chicago Federal Reserve President Austan Goolsbee said Friday he’s leery of cutting interest rates too quickly as threats increase both inflation and employment. “I’m a little wary about front-loading too many rate cuts and just counting on the inflation going away,” he said. Source
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Stocks making the biggest moves premarket: GameStop, USA Rare Earth, Applied Materials, Zillow and more
Check out the companies making headlines in premarket trading. USA Rare Earth — The rare earth miner jumped 8.8% after CEO Barbara Humpton told CNBC that the company is in “close communication” with the White House. GameStop — The meme stock fell 2.7% after the company said in a filing it’s selling a combination assets […]
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Goldman boss David Solomon warns of a stock market drawdown: ‘People won’t feel good’
David Solomon, chief executive officer of Goldman Sachs. Bloomberg | Bloomberg | Getty Images Stock markets are due a “drawdown” in the next year or two after years of being propelled to record highs by an AI frenzy, according to Goldman Sachs CEO David Solomon. “Markets run in cycles, and whenever we’ve historically had a […]
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CNBC Daily Open: U.S. stock indexes charge ahead with three record closes
The “Charging Bull” statue at Bowling Green in New York’s Financial District. Drew Angerer | Getty Images Investors continue to pile into stocks, undeterred by a government shutdown or shaky jobs data, with all three benchmarks hitting record highs Thursday. With the Senate not meeting yesterday because of Yom Kippur, the U.S. government stayed shut […]
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Private equity’s retail rush is alarming its institutional backers: ‘Bigger issues down the road’
SINGAPORE — For decades, private markets have been the preserve of pension funds, endowments and sovereign wealth giants. Now, that exclusivity is fading. More wealthy individuals are getting invited into a once-closed club reserved for long-term investments from large institutions — and that is ruffling feathers. The trend has been described by experts as the […]
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Mega AI deals enable exits for private equity — but fuel ‘frothy’ bubble fears
Aside from pushing stocks to all-time highs, the artificial intelligence boom is also giving private equity funds a boost by thawing the frozen IPO market and providing much-needed liquidity. However, AI is also creating what senior industry figures describe as a “frothy” investment landscape in some corners of the market, making it harder to identify […]
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‘Never been stronger’: Investors pile in UK stocks as next U.S.-alternative
European stocks have been on a bull run this year, with investors looking to diversify beyond the U.S. amid volatility sparked by President Donald Trump’s trade policies. But the region’s outperformance over the U.S. has narrowed over recent weeks, with Wall Street’s major averages recovering from the so-called “Sell America” trade to touch fresh all-time […]
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CNBC Daily Open: There’s no stopping the U.S. stock markets
A bronze sculpture of a bull is displayed on Broadway in the financial district November 14, 2000 in New York City. Chris Hondros | Hulton Archive | Getty Images Investors continue to pile into stocks, undeterred by a government shutdown or shaky jobs data, with all three benchmarks hitting record highs Thursday. With the Senate […]
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Asia markets trade mixed after Wall Street gains as investors look past government shutdown
Skyline of Tokyo, Japan. Jackyenjoyphotography | Moment | Getty Images Asia-Pacific markets opened mostly higher Friday, tracking Wall Street gains as investors shrugged off the U.S. government shutdown. Investors are waiting to see how long the shutdown will last to assess the gravity of its economic repercussions. Historically, government shutdowns in the U.S. have not […]
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USA Rare Earth jumps 6% after CEO confirms discussions with Trump administration
Shares of USA Rare Earth jumped in extended trading Thursday, after CEO Barbara Humpton told CNBC that the rare earth miner is “in close communcation” with the White House. Humpton’s comment comes after the Trump administration took a 5% equity stake in Lithium Americas this week. The Defense Department took a 15% stake in rare […]
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