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Breaking News: Markets

U.S. oil touches $87, on pace for weekly gain as Israel closes embassies over Iran threats

by Milton Acorn
U.S. oil touches , on pace for weekly gain as Israel closes embassies over Iran threats

People walk past a graffiti, depicting a Houthi fighter stopping an Israeli ship off the coast of Yemen, painted on a wall of the Saudi embassy in Sanaa, Yemen February …

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Categories Science

Job growth zoomed in March as payrolls jumped by 303,000 and unemployment dropped to 3.8%

by Adrian Jhonsan
Job growth zoomed in March as payrolls jumped by 303,000 and unemployment dropped to 3.8%

Job creation in March easily topped expectations in a sign of continued acceleration for what has been a bustling and resilient labor market. Nonfarm payrolls increased 303,000 for the month, …

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Categories World

Top Goldman economist downplays prospect of zero Fed rate cuts in 2024

by Adrian Jhonsan
Top Goldman economist downplays prospect of zero Fed rate cuts in 2024

Minneapolis Federal Reserve President Neel Kashkari. John Lamparski | Getty Images Entertainment | Getty Images Goldman Sachs Chief Economist Jan Hatzius on Friday said that he still expects the Federal …

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Categories World

Major driver of AI trade takes a breather. But Nvidia’s business is still hot

by Adrian Jhonsan
Major driver of AI trade takes a breather. But Nvidia’s business is still hot

The major force behind this year’s AI trade has cooled off in recent weeks. Nvidia shares have essentially traded sideways since CEO Jensen Huang addressed developers at the company’s GTC …

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Categories World

Gold has broken through $2,300, and one CIO has a bullish call

by Adrian Jhonsan
Gold has broken through ,300, and one CIO has a bullish call

Geopolitical and structural factors have put gold on course to hit $2,600 per ounce within a year, according to one market veteran. The precious metal has hit successive record highs …

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Categories World

Another late-day stock market selloff. Here’s what we think is going on

by Adesola Mojo
Another late-day stock market selloff. Here’s what we think is going on

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re …

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Categories Automobile

Iger and Peltz have spoken. Jim Cramer looks at what do next with Disney stock

by Adrian Jhonsan
Iger and Peltz have spoken. Jim Cramer looks at what do next with Disney stock

What do we do now with the stock of Walt Disney ? If you had the opportunity to hear activist investor Nelson Peltz, the defeated candidate for the Disney board, …

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Categories World

Trump Media stock is ‘a scam’ Barry Diller says

by Adrian Jhonsan
Trump Media stock is ‘a scam’ Barry Diller says

Trump Media is “a scam,” and people buying its high-flying stock are “dopes,” IAC and Expedia Chairman Barry Diller said Thursday in a scathing takedown of the social media company …

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Categories World

Citi on what’s next for cocoa and coffee prices after a record rally

by Adrian Jhonsan
Citi on what’s next for cocoa and coffee prices after a record rally

A worker picks cocoa fruit at the Somos Cacao farm in Ragonvalia, Norte de Santader department, Colombia, on Friday, March 22, 2024. Bloomberg | Bloomberg | Getty Images Citi says …

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Categories World

U.S. crude oil hovers around $85 as traders take stock of rally

by Milton Acorn
U.S. crude oil hovers around  as traders take stock of rally

A flare stack burns beyond oil storage tanks at the Taneco Oil Refining and Petrochemical complex, operated by Tatneft PJSC, in Nizhnekamsk, Tatarstan, Russia, on March 5, 2019. Bloomberg | …

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Categories Science
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