By Stan Choe | Associated Press NEW YORK — A powerful rally across Wall Street sent the Dow Jones Industrial Average to a record on Wednesday after the Federal Reserve indicated that the cuts to interest rates investors crave so much may be coming next year. The Dow jumped 512 points, or 1.4%, to top … Read more
U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the headquarters of the Federal Reserve on December 13, 2023 in Washington, DC. Win Mcnamee | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to … Read more
The HSBC Holdings Plc headquarters building in Hong Kong, China. Paul Yeung | Bloomberg | Getty Images LONDON — Markets have entered a “new paradigm” as the global order fragments, while heightened recession risk means that “bonds are back,” according to HSBC Asset Management. In its 2024 investment outlook, seen by CNBC, the British lender’s … Read more
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach said Wednesday the 10-year Treasury yield will continue to fall to the 3% range next year, following the Federal Reserve’s new forecast for rate cuts. “I think we’re still going to have bonds rallying,” … Read more
Tech stocks have soared this year, with chip designer Broadcom nearly doubling year to date, and iPhone maker Apple and software and cloud giant Microsoft soaring more than 50% each. New developments supported all three Club names Wednesday. Here are the headlines and how we feel about each stock. Analysts at Bank of America kept … Read more
CNBC’s Jim Cramer said the Federal Reserve’s decision to hold rates steady is a win for the bulls and is a sign the tightening cycle is coming to an end. With inflation easing and the potential for rate cuts next year, Cramer said the economy has managed a soft landing and more sectors are ready … Read more
Adobe CEO Shantanu Narayen told CNBC’s Jim Cramer on Wednesday that his company’s proposed acquisition of design software firm Figma would benefit customers, even as regulators are scrutinizing the deal on concern that it may hurt competition. “We want to take the ability for what Figma has done with respect to creative collaborative software on … Read more
U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the headquarters of the Federal Reserve on December 13, 2023 in Washington, DC. Win Mcnamee | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to … Read more
Federal Reserve Chair Jerome Powell speaks during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, D.C., on Dec. 13, 2023. Kevin Lamarque | Reuters Fed Chair Jerome Powell said Wednesday that the unique economic conditions created by the Covid-19 … Read more
Federal Reserve Board Chairman Jerome Powell answers a question during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, November 1, 2023. Kevin Lamarque | Reuters The Federal Reserve dialed back its inflation projections on Wednesday, seeing its favorite gauge … Read more
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