Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila Bair. Bair, who ran the FDIC during the 2008 financial crisis, suggested Federal Reserve Chair Jerome Powell was irresponsibly dovish at last week’s policy meeting by creating “irrational exuberance” among investors. “The focus still needs … Read more
BNY Mellon’s global head of ETFs suggested exchange-traded funds using options overlays could become next year’s hot product. “We are absolutely going to see more of these options-based products come to market,” Ben Slavin told CNBC’s “ETF Edge” on Monday. “We see it in our own book.” Options overlays are a way for investors to … Read more
CNBC’s Jim Cramer has his eye on Sphere Entertainment, the company that owns the 580,000 square foot Sphere that looms in the Las Vegas skyline, but he is not recommending it to investors. “The stock’s certainly been a solid performer, it is up nearly 57% year-to-date,” Cramer said. “But, frankly, much of those gains seem … Read more
U.S. President Joe Biden speaks during an event about lowering health care costs in the East Room of the White House on July 7, 2023 in Washington, DC. Drew Angerer | Getty Images News | Getty Images President Joe Biden paraded this week’s stock market record highs Friday in a new campaign video that trolled … Read more
New York Federal Reserve President John Williams said Friday rate cuts are not a topic of discussion at the moment for the central bank. “We aren’t really talking about rate cuts right now,” he said on CNBC’s “Squawk Box.” “We’re very focused on the question in front of us, which as chair Powell said… is, … Read more
CNBC’s Jim Cramer highlighted some stocks that benefited from the dovish Federal Reserve meeting on Wednesday, and outside of Tesla, none were members of the Magnificent Seven that have managed to go against the downward market trends. “And it left a host of new winners in its path, winners that had been total losers until … 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
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
Beautiful and colorful aerial view of Mumbai skyline during twilight seen from Currey Road, on February 16, 2022 in Mumbai, India. Pratik Chorge | Hindustan Times | Getty Images India’s stock markets have staged record-breaking rallies this year, making the country a favorite among its Asia-Pacific counterparts. The Nifty 50 index has repeatedly notched fresh all-time … 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
