Wall Street
Value investor Bill Nygren looking outside of crowded megacap tech, adds cheap financial stock
Longtime value investor Bill Nygren warned that the popular benchmark S & P 500 is not as diversified as it used to be, and he is picking cheap stocks outside the dominant tech sector. Nygren, portfolio manager at Oakmark Funds for 40 years, said the technology sector has grown so powerful in the S & […]
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The Fed forecasts lowering rates by another half point before the year is out
U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., July 31, 2024. Kevin Mohatt | Reuters The Federal Reserve projected lowering interest rates by another half point before the end of 2024, and the central bank […]
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These are the stocks that do best immediately after the first Fed rate cut of a cycle
The Federal Reserve just cut rates by a half point. CNBC Pro took a look at what stocks historically do best immediately after the start of an easing cycle. The Fed’s decision to cut interest rates has the potential to bolster several individual names, if history is any indication. CNBC Pro searched for the stocks […]
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The Fed finally cuts rates. What the stock market historically does from here
The Federal Reserve cut interest rates for the first time in four years Wednesday. Let’s take a look at how stocks performed at the start of prior easing cycles. How it will perform from here depends largely on the economy, historical data shows. In total, across all cycles, the S & P 500’s performance in […]
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Point72’s Steve Cohen is stepping back from trading his own book
Key Points Steve Cohen is retiring from the trading floor at his hedge fund Point72. Point72, which uses long/short, macro and systematic strategies, manages more than $35 billion. The firm is planning to launch a separate, artificial intelligence-focused hedge fund to capitalize on the boom. Source
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DoubleLine’s Gundlach says the Fed needs to cut rates quickly, sees a half-point reduction Wednesday
DoubleLine Capital CEO Jeffrey Gundlach said Tuesday that the Federal Reserve needs to ease policy swiftly amid the current economic slowdown, seeing a half-point interest-rate reduction this week. “The Fed just follows the two-year Treasury and the two-year Treasury is down at 3.6% so the Fed needs to cut rates [by] 150 [basis points] pretty quickly,” Gundlach […]
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A big Fed meeting looms in the week ahead as economic concerns percolate
It’s finally here. The Federal Reserve is set to meet Tuesday and Wednesday — and is is widely anticipated to make its first interest rate cut after embarking on a hiking campaign in March 2022. Back then, the overnight lending rate was anchored near zero; now, it’s at 5.25% to 5.5%. It’s a long-awaited meeting […]
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Hedge fund billionaire and Trump donor John Paulson says market would ‘crash’ under Harris tax plans
watch now VIDEO6:3506:35 Hedge fund billionaire John Paulson says market would ‘crash’ under Harris tax plans Money Movers Hedge fund billionaire John Paulson, who made a name for himself by betting against the housing market during the financial crisis and who is today a prominent supporter of former President Donald Trump, said there could be a […]
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Ajit Jain, Buffett’s insurance leader for nearly 40 years, dumps more than half of Berkshire stake
Ajit Jain at Berkshire Hathaway’s annual meeting in Los Angeles, California. May 1, 2021. Gerard Miller | CNBC Ajit Jain, Warren’s Buffett’s insurance chief and top executive, sold more than half of his stake in Berkshire Hathaway, a new regulatory filing showed. The 73-year-old vice chairman of insurance operations dumped 200 shares of Berkshire Class […]
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JD Vance’s Wall Street allies raise millions for the Trump campaign
Republican U.S. vice presidential nominee Senator JD Vance gestures as he speaks during an event at Kenosha City Courthouse in Kenosha, Wisconsin, U.S. August 20, 2024. Marco Bello | Reuters Over the past decade, Republican vice presidential nominee Sen. JD Vance of Ohio has quietly built a network of allies on Wall Street, one that […]
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