Wells Fargo & Co
‘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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Here are 5 stocks in our portfolio that can benefit from rising interest rates
A strong labor market with robust wage gains might mean the Fed still has more work to do. Source
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A ‘shakeout’ among mortgage lenders is coming, according to CEO of bank that left the business
A sign hangs from a branch of Banco Santander in London, U.K., on Wednesday, Feb. 3, 2010. Simon Dawson | Bloomberg via Getty Images Banks and other mortgage providers have been battered by plunging demand for loans this year, a consequence of the Federal Reserve’s interest rate hikes. Some firms will be forced to exit […]
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San Francisco’s slow recovery from Covid has left small businesses ‘hanging on’ for tech workers’ return
A billboard funded by Airbnb shows opposition to Proposition F in downtown San Francisco, California. Josh Edelson | AFP | Getty Images Marshall Luck’s chiropractic and massage practice in downtown San Francisco survived the Covid-19 pandemic thanks to government stimulus money and a hefty amount of debt. But well over two years since lockdowns swept […]
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32% of travelers overspend to earn credit-card sign-on bonuses. Here’s how to avoid that ‘siren song,’ says industry analyst
Virojt Changyencham | Moment | Getty Images Nearly half of consumers holding a credit card with travel perks opened the card to chase the rewards — and a big share of them blew their budgets in the pursuit, according to a new survey. Specifically, 45% travel credit cardholders opened a card solely for its sign-up […]
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Cramer’s lightning round: I like Deere over Mosaic
Mosaic Co: “If you want to be in that group, you should be in Deere, because that’s been able to come back regardless of the cycle of fertilizer.” Novocure Ltd: “It’s still the best thing for experimental and sad brain cancer, and I think it’s going to be the standard for a long time.” Archer-Daniels-Midland […]
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