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Breaking News: Economy

CNBC Daily Open: Nvidia’s ‘drop-the-mic moment’

by Milton Acorn
CNBC Daily Open: Nvidia’s ‘drop-the-mic moment’

Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024.  Angela Weiss | AFP | Getty Images This …

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Categories Science

CNBC Daily Open: Nvidia’s ‘drop-the-mic moment’

by Adesola Mojo
CNBC Daily Open: Nvidia’s ‘drop-the-mic moment’

Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024.  Angela Weiss | AFP | Getty Images This …

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Categories Automobile

2 big tests ahead will determine if last week’s stock market excitement was warranted

by Adrian Jhonsan
2 big tests ahead will determine if last week’s stock market excitement was warranted

Wall Street takes back-to-back weekly gains and an overbought market into an important week featuring Nvidia earnings and the latest reading on the Federal Reserve’s favorite inflation gauge. Fed Chairman …

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Categories World

Dividend stocks as a hot play into fall due to Fed and interest rates

by Milton Acorn
Dividend stocks as a hot play into fall due to Fed and interest rates

It appears more investors are eyeing dividend stocks ahead of the Federal Reserve’s interest rate decision in September. Paul Baiocchi of SS&C ALPS Advisors thinks it is a sound strategy …

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Categories Science

Debate on whether to trim Best Buy ahead of next week’s earnings

by Adrian Jhonsan
Debate on whether to trim Best Buy ahead of next week’s earnings

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 Friday’s key moments. Stocks rallied Friday after Federal …

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Categories World

‘The time has come for policy to adjust’

by Adrian Jhonsan
‘The time has come for policy to adjust’

Federal Reserve Chair Jerome Powell laid the groundwork Friday for interest rate cuts ahead, though he declined to provide exact indications on timing or extent. “The time has come for …

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Categories World

Stocks slide ahead of Powell’s speech

by Milton Acorn
Stocks slide ahead of Powell’s speech

Traders work on the floor of the New York Stock Exchange during morning trading on August 12, 2024 in New York City.  Michael M. Santiago | Getty Images News | …

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Categories Science

Saudi Arabia’s spending is adopting a clear shift in strategy

by Adrian Jhonsan
Saudi Arabia’s spending is adopting a clear shift in strategy

Riyadh, Saudi Arabia. Xavierarnau | E+ | Getty Images Saudi Arabia is moving full steam ahead with its focus on domestic investment — and with that, higher requirements for foreigners …

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Categories World

Stocks slide ahead of Powell speech

by Milton Acorn
Stocks slide ahead of Powell speech

Traders work on the floor of the New York Stock Exchange during morning trading on August 12, 2024 in New York City.  Michael M. Santiago | Getty Images News | …

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Categories Science

U.S. recession is coming and ‘a few rate cuts’ won’t prevent it: Strategist

by Adrian Jhonsan
U.S. recession is coming and ‘a few rate cuts’ won’t prevent it: Strategist

An Aldi supermarket in Alhambra, California, US, on Thursday, June 27, 2024.  Eric Thayer | Bloomberg | Getty Images Contrary to what many believe, investment research firm BCA Research sees …

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Categories World
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