Breaking News: The Markets

Here's our plan for Monday after another painful week to own stocks

Here’s our plan for Monday after another painful week to own stocks

Stocks took a beating this week as the Federal Reserve raised interest rates another 75 basis points, the third straight hike of this magnitude. It wasn’t the rate move – which the market had been pricing in – but Fed Chairman Jerome Powell’s hawkish comments on Wednesday that hurt stocks. It is now targeting a …

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Here's why U.S. fiscal policy is undermining the Fed's aggressive inflation-fighting efforts

Here’s why U.S. fiscal policy is undermining the Fed’s aggressive inflation-fighting efforts

Inflation remains the top issue on investors’ minds, with many trying to figure out when the relentless rise in prices will stop and whether the Federal Reserve’s aggressive interest rate hikes in an attempt to stop the spiral will lead to a so-called soft landing for the economy. – or, on the contrary, send us …

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The stocks that move the most at midday: Novavax, Darden Restaurants, Eli Lilly and more

The stocks that move the most at midday: Novavax, Darden Restaurants, Eli Lilly and more

An Olive Garden restaurant in Times Square in New York. Richard Levin | Corby | Getty Images Here are the stocks making headlines Thursday at noon. Novavax – Shares of the drugmaker fell 13.3% after JPMorgan downgraded Novavax to an underweight of neutral. Banks also cut its price target on the stock, citing falling demand …

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European markets slide as investors digest further rate hikes

European markets slide as investors digest further rate hikes

Opening of the market: Fortum up 4%, Accor down 6% Shares of Fortum rose again in early trading on Thursday after the Finnish company agreed to sell its 56% stake in German utility Uniper to the German government. The public energy company transferred its stake in a nationalization agreement. French hotel company Accor saw its …

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Fed should now keep raising rates, then hold them there, CNBC survey finds

Fed should now keep raising rates, then hold them there, CNBC survey finds

US Federal Reserve Chairman Jerome Powell gives a press briefing following the surprise announcement that the FED will cut interest rates on March 3, 2020 in Washington, DC. Eric Baradat | AFP | Getty Images Wall Street finally seems to be embracing the idea that the Federal Reserve will raise rates into restrictive territory and …

Fed should now keep raising rates, then hold them there, CNBC survey finds Read More »

Fed should now keep raising rates, then hold them there, CNBC survey finds

Fed should now keep raising rates, then hold them there, CNBC survey finds

US Federal Reserve Chairman Jerome Powell gives a press briefing following the surprise announcement that the FED will cut interest rates on March 3, 2020 in Washington, DC. Eric Baradat | AFP | Getty Images Wall Street finally seems to be embracing the idea that the Federal Reserve will raise rates into restrictive territory and …

Fed should now keep raising rates, then hold them there, CNBC survey finds Read More »

Jim Cramer: My biggest concern with the Fed and why it puts us in a holding pattern

Jim Cramer: My biggest concern with the Fed and why it puts us in a holding pattern

There is a broad perception that Federal Reserve Chairman Jerome Powell doesn’t care about corporate news at all. It is strictly a creature of the government’s major economic reports – the consumer price index, producer price index, industrial production, retail sales and, of course, employment figures not agricultural. He also cares about what his colleagues …

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Here are Friday's biggest analyst calls: Amazon, FedEx, Tesla, Apple, Snowflake and more

Here are Friday’s biggest analyst calls: Amazon, FedEx, Tesla, Apple, Snowflake and more

Here are Friday’s biggest calls on Wall Street: KeyBanc reiterates Apple as overweight KeyBanc said Apple shares remain attractive. “We recommend owning AAPL. Our KFLD (KeyBanc First Look Data) shows indexed spend was +2.0% m/m in August, compared to the three-year average of +1.0%. positive, quarterly data seems to follow +15% where September should be …

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European Central Bank raises rates by 75 basis points to tackle soaring inflation

European markets close higher after ECB rate hike; Stoxx 600 up 0.5%

US stocks open lower U.S. stocks opened lower on Thursday as Wall Street braced for bigger rate hikes after the ECB’s hike. The Dow Jones Industrial Average fell 1% while the S&P 500 and Nasdaq were both down 0.8%. — Karen Gilchrist European Central Bank raises rates by 75 basis points to tackle soaring inflation …

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