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Breaking News: Markets

Fed could cut rates fewer times than expected

by Adrian Jhonsan
Fed could cut rates fewer times than expected

Federal Reserve Chair Jerome Powell testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Semiannual Monetary Policy Report to the Congress,” in the Dirksen Building in …

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Categories World

Bitcoin briefly slumps below $63,000 after hitting $73,000 last week

by Ev Richard
Bitcoin briefly slumps below ,000 after hitting ,000 last week

Standard Chartered predicts bitcoin could fall to $5,000 in 2023 as part of its research on potential market surprises next year. Nurphoto | Getty Images Bitcoin extended its slide on …

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Categories Technology

Grayscale CEO says GBTC Bitcoin ETF fees will come down over time

by Ev Richard
Grayscale CEO says GBTC Bitcoin ETF fees will come down over time

Michael Sonnenshein, CEO, Grayscale Investments at the NYSE, April 18, 2022. Source: NYSE LONDON — The boss of digital asset management firm Grayscale, which manages the $26 billion exchange-traded fund …

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Categories Technology

Where cracks in the banking sector may appear without more M&A

by Adrian Jhonsan
Where cracks in the banking sector may appear without more M&A

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 7, 2024. Brendan Mcdermid | Reuters The forces that consumed three regional …

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Categories World

Disney gets a win in Nelson Peltz board fight. 2 other portfolio stocks mount comebacks

by Shawn Butlere
Disney gets a win in Nelson Peltz board fight. 2 other portfolio stocks mount comebacks

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 Health

It’s not too late to buy Abbott stock after Friday selloff

by Shawn Butlere
It’s not too late to buy Abbott stock after Friday selloff

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 Monday’s key moments. U.S. stocks jumped Monday as …

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Categories Health

How an Apple, Alphabet AI deal could benefit both companies and stocks

by Adrian Jhonsan
How an Apple, Alphabet AI deal could benefit both companies and stocks

Struggling shares of Alphabet and Apple jumped Monday on a Bloomberg report saying the companies are in talks for Google to license its Gemini AI model for use in future …

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Categories World

Exxon is not trying to acquire Hess in dispute with Chevron, CEO says

by Milton Acorn
Exxon is not trying to acquire Hess in dispute with Chevron, CEO says

HOUSTON — Exxon is not trying to acquire Hess as the oil major battles with Chevron over lucrative oil assets in Guyana, CEO Darren Woods said Monday. When asked directly, …

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Categories Science

Energy transition failing, world should abandon phasing out oil

by Adrian Jhonsan
Energy transition failing, world should abandon phasing out oil

Amin Nasser, chief executive officer of Saudi Aramco, speaks at the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Monday, March 18, 2024.  F. Carter Smith | …

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Categories World

Strategist tells investors not to worry about high stock valuations

by Adrian Jhonsan
Strategist tells investors not to worry about high stock valuations

Traders work on the floor of the New York Stock Exchange NYSE Investors should disregard concerns over high valuations and focus on growth in what is now a “stockpicker’s market,” …

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Categories World
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