Even in the worst of times for financial markets, there’s usually a few ways to profit. Well, not this year. In fact, in 2018, just about every single asset class one can invest in, from stocks around the globe to government debt to corporate bonds to commodities have posted negative returns or unchanged performance year … Read more
Hedge fund titan David Tepper said Thursday the Federal Reserve is sending the market a message, and it’s not a good one. Cameron Costa | CNBC David Tepper, founder and president of Appaloosa Management. A day after the Fed raised interest rates for the fourth time this year, the influential investor made the following points … Read more
U.S. stocks opened slightly higher Wednesday morning as investors awaited the Federal Reserve’s latest monetary policy decision. The Dow Jones Industrial Average opened 50 points higher as gains McDonald’s and Home Depot offset losses in American Express and Johnson & Johnson. The broad S&P 500 index rose 0.2 percent as energy and materials each rose … Read more
Homeowners in most places are still seeing their nest eggs get a little bigger, but the gains are shrinking quickly. The average homeowner with a mortgage saw a gain of $12,400 in home equity between the third quarter of last year and this year, according to CoreLogic. That includes price appreciation and paying down the … Read more
All the concern about a slowing economy may be off the mark, Ark Invest CEO Catherine Wood told CNBC on Tuesday. “The economy is going to surprise on the high side next year,” she said in a “Closing Bell” interview. Fears of an economic slowdown sent stocks plunging on Tuesday. Investors were concerned about a … Read more
What do you get for your money with Tom Gentile’s Alpha-9 System? Here’s everything you’re going to get: Your Alpha-9 Trader Daily Double-Your-Money Trade recommendation on your phone or computer. This will include the name of the stock, and a detailed set of instructions if you want to make the trade for Double-Your-Money potential. All you need to … Read more
Oil prices plummeted on Tuesday, snapping four days of gains and renewing a sell-off that has plunged crude futures into bear market. U.S. West Texas Intermediate (WTI) crude futures fell $3.22, or 5.6 percent, to $53.98 per barrel by 10:33 a.m. ET (1533 GMT). The contract earlier fell more than 6 percent, hitting its lowest … Read more
The Dow plunge isn’t anywhere near done. At least, not according to chief financial officers at major corporations. More than half of the members of the CNBC Global CFO Council think the Dow Jones Industrial Average will fall below 23,000 — roughly 2,000 points from its current level — before the stock market barometer is … Read more
Turmoil engulfed cryptocurrency markets again on Tuesday, with every major coin extending a rout that’s rocked confidence in the nascent asset class just as U.S. regulators try to close in on alleged fraud. Bitcoin tumbled below $4,225 to a 13-month low, before regaining some ground. The slide helped fuel a sell-off among rival tokens Ether, … Read more
Check out the companies making headlines before the bell: PG&E – PG&E reported a second power outage on the morning of November 8, the day the deadly Camp Fire started in Northern California. The news came in a report filed with the California Public Utilities Commission. The company said it is cooperating with any investigations, … Read more