Wall Street
DoubleLine’s Gundlach sees more risk coming along with greater chance of recession
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 5, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach said Thursday there could be another painful period of volatility on the horizon as the fixed income guru sees heighted risk of a recession. “I believe that investors should have already upgraded their […]
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Danny Moses of ‘The Big Short’ says the market is underestimating DOGE’s negative impact on the economy
Investor Danny Moses, who made a killing betting against mortgage-backed debt before the 2008 crash, said Thursday the market is mistakenly failing to discount the negative effect from federal spending cuts spearheaded by the Department of Government Efficiency. “I think we are underestimating the impact to the economy of the cuts we’re making at the […]
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U.S. households are more invested in stocks than ever and it’s distorting market valuation, says JPMorgan
American households are allocating so much money to U.S. stocks that the valuation of the whole market is now dependent on their appetite, according to JPMorgan. Individual investors have become the most important holder of U.S. equities, owning around 60% of the universe, the Wall Street firm said. This record level of ownership creates a […]
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Stagflation? Fed sees higher inflation and an economy growing by less than 2% this year
U.S. Federal Reserve Chair Jerome Powell testifies before a House Financial Services Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” on Capitol Hill in Washington, D.C., U.S., February 12, 2025. Nathan Howard | Reuters Federal Reserve officials slashed their economic outlook in the latest projections released Wednesday, seeing the U.S. economy growing […]
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Nvidia CEO Jensen Huang says tariff impact won’t be meaningful in the near term
Nvidia CEO Jensen Huang downplayed the negative impact from President Donald Trump’s tariffs, saying there won’t be any significant damage in the short run. “We’ve got a lot of AI to build… AI is the foundation, the operating system of every industry going forward. … We are enthusiastic about building in America,” Huang said Wednesday […]
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Retail investors ditch buy-the-dip mentality during the market correction
Spencer Platt | Getty Images Individual investors, whose assets are more tied to the stock market than ever, have abandoned their tried-and-true dip-buying mentality as the S&P 500 recently fell into a painful, 10% correction. Retail outflows from U.S. equities rose to about $4 billion over the past two weeks as tariff chaos and mounting […]
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Texas has ‘stronger brand than New York’ as Wall Street looks south, Gov. Greg Abbott says
Key Points “Capital Markets are realizing that the place to be is Texas,” Abbott said on CNBC’s “Squawk Box.” On Tuesday, Nasdaq announced that it would open a regional headquarters in Dallas. Source
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Slower economic growth is likely ahead with risk of a recession rising, according to the CNBC Fed Survey
CNBC Fed Survey Slower economic growth is likely ahead with risk of a recession rising, according to the CNBC Fed Survey Published Tue, Mar 18 20256:37 AM EDTUpdated 43 Min Ago Steve Liesman@steveliesman WATCH LIVE Source
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Buffett’s Berkshire hikes stakes in five Japanese trading houses to almost 10% each
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024. CNBC Warren Buffett’s love for Japanese stocks grows fonder even as he increasingly sells U.S. equities. The 94-year-old investor’s Berkshire Hathaway holding company raised its holdings in five Japanese trading houses — Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo — by more […]
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Treasury Secretary Bessent says White House is heading off a ‘guaranteed’ financial crisis
Treasury Secretary Scott Bessent speaking to CNBC on March 13th, 2025. CNBC Treasury Secretary Scott Bessent said Sunday the Trump administration is focused on preventing a financial crisis that could be the result of massive government spending over the past few years. “What I could guarantee is we would have had a financial crisis. I’ve studied […]
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