Wells Fargo & Co
Here’s why Hispanic workers could face an outsized hit in a U.S. recession
Huntstock | Disabilityimages | Getty Images Turbulent times may be ahead for Hispanic workers, a new report from Wells Fargo found. The firm expects Hispanic workers to take an outsized hit if a mild recession happens in 2023, like it is projecting. “The Hispanic unemployment rate tends to rise disproportionately higher than the national average […]
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Want to make investments in serious estate? These REITs are among the analysts’ favorites and look resilient in a economic downturn
Just after a volatile calendar year for several asset classes, genuine estate expenditure trusts — or REITs — are returning to the spotlight. REITs, which devote in cash flow-generating serious estate , these as buying centers, housing developments and hospitals, had a broadly favourable earnings year previous quarter, and analysts say some will continue being […]
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P&G’s recession-resistance status is called into question. Here’s what we think
What could provide support to P&G are a decline in its commodity costs and any future weakness in the recently strong dollar. Source
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Microsoft’s cozy relationship with Adobe is finding tested by Figma’s surging level of popularity
Dylan Industry, co-founder and CEO of Figma, speaks at the startup’s Config conference in San Francisco on Could 10, 2022. Figma Microsoft and Adobe have been welcoming bedfellows for many years. Microsoft’s dominant Laptop working procedure has been the gateway for Adobe to reach tens of millions of business users with its structure software. The […]
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3 takeaways from the Investing Club’s ‘Morning Meeting’ on Tuesday
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments: We want growth without inflation WMT, HD earnings beats boost retailers Quick mentions: CTRA, DIS, WFC 1. We want growth without inflation Stocks were mixed Tuesday, with tech names keeping […]
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‘Dangerous territory’: Investor Peter Boockvar warns recession is spreading to other parts of economy
There may be no escape from recession. The latest reports on housing and manufacturing, according to investor Peter Boockvar, suggest it’s rapidly spreading to other parts of the economy. “People are not being sensitive enough to this economic slowdown and what it’s going to be mean for corporate earnings and profit margins,” the Bleakley Advisory […]
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Stocks making the biggest moves midday: Six Flags, Disney, Sonos and more
Customers are socially distanced on rides like the Wonder Woman: Lasso of Truth at Six Flags Great Adventure in Jackson, New Jersey. Kenneth Kiesnoski/CNBC Check out the companies making headlines in midday trading. Six Flags — Shares dropped more than 22% after the theme park company sharply missed second-quarter earnings expectations. Six Flags reported earnings […]
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Inflation is peaking, and that is ‘nirvana’ for stocks, Jim Cramer says
CNBC’s Jim Cramer on Wednesday said that inflation is peaking, which is good news for stocks that have been trampled in recent months. “The stock market … totally saw peak inflation coming. I think you had to be deliberately obtuse to miss this because commodity prices have been collapsing a while ago, but now it’s […]
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On rare days, the market rises 5% — or even 10%, Wells Fargo finds. How to make sure you’re there for it
Gzorgz | Istock | Getty Images “It was the best of times, it was the worst of times.” With those classic words, author Charles Dickens famously opened his historical novel “A Tale of Two Cities.” He could easily have been describing the stock market. A new Wells Fargo analysis looked at the best 20 days […]
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Oil companies are giving back tons of cash — and other things we’ve learned this earnings season
A trader works at the New York Stock Exchange NYSE in New York, the United States, May 18, 2022. U.S. stocks plummeted on Wednesday as weak earnings from major retailers stoked concerns about the impact of inflation. Michael Nagle | Xinhua News Agency | Getty Images Source
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