S&P 500 Index
Carvana shares fall 14% following short-seller accusations
A Carvana used-car vending machine displays vehicles in Miami, Dec. 9, 2022. Joe Raedle | Getty Images Shares of Carvana plummeted 14.2% Wednesday following short-seller accusations that the online used retailer overstated earnings with the help of businesses controlled by CEO Ernie Garcia III’s family. Gotham City Research alleged Wednesday that the online used car […]
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Fed meeting recap: Powell says economy on ‘firm footing’ and current rate level not restrictive
Where to find solid yields on cash as Fed pauses The Fed’s decision to hold rates steady means investors don’t have to worry about yields on their cash falling. “Yields on savings products such as high-yield savings accounts and CDs are likely to remain unchanged for now,” said certified financial planner Stephen Kates, a financial […]
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Weak dollar winners: These stocks could get a boost if Trump keeps talking the greenback lower
President Donald Trump helped push the U.S. dollar lower on Tuesday after saying he didn’t mind a weaker greenback — a shift that could benefit certain stocks with big foreign sales. U.S. companies with large overseas businesses often get a boost when the dollar weakens. Not only are their businesses more hedged against a waning […]
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Asia markets open mostly higher after S&P 500 hits record, South Korea pushes fresh highs
Melbourne, Australia Kieran Stone | Moment | Getty Images Asia-Pacific markets opened mostly higher on Wednesday, tracking gains on Wall Street after the S&P 500 closed at a record high. The broad market index gained 0.41% to finish at 6,978.60, supported by gains in Apple and Microsoft. Asian markets mostly extended Tuesday’s gains, with Australia’s S&P/ASX 200 climbing […]
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Uncle Sam’s rare earth stake, Nike layoffs, five years of meme stocks and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Tuesday. Today we tell you about the five-year anniversary of the meme stock frenzy, which has me thinking it’s finally time to watch “Dumb Money.” S&P 500 futures are little changed. The three major indexes are coming off a winning day. […]
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