Stock market bulls are eating well to kick off a new week of trading. Oil is nosediving Monday on news of a memorandum of understanding to end the U.S.-Iran war and reopen the vital Strait of Hormuz. That’s improving the inflation outlook and sending bond yields lower — just in time for Federal Reserve Chairman…
The Club’s top 10 things to watch Friday, May 22 — Today’s newsletter was written by Jeff Marks, the Club’s director of portfolio analysis. 1. Stocks are poised to extend yesterday’s gains. Oil is slightly higher on Iran war peace deal uncertainty, but bond yields are not following the similar patten and are lower. Stocks…
Used cars are offered for sale at a dealership on July 11, 2023 in Chicago, Illinois. Scott Olson | Getty Images The head of one of the nation’s largest auto finance lenders isn’t overly concerned about rising consumer automotive debt and inflated used car prices leading to longer loans on vehicle purchases. His main reasoning?…
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Berkshire Hathaway shares fell roughly 1% this week while the S&P 500 edged 0.6% higher, ending the week at a fresh all-time high….
It was another week under the thumb of the Iran war. The S & P 500 and Nasdaq each finished Friday at record closing highs after whipsawing on Middle East developments throughout the week. Oil prices also swung sharply as Iran and the U.S. imposed blockades in the Strait of Hormuz, a critical oil shipping…
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 Tuesday’s key moments. 1. The stock market turned lower after Tuesday’s Morning Meeting ended. A possible culprit: a rise in oil prices ahead of the Iran war ceasefire agreement set to end Wednesday….
Wall Street’s scorching rally off its wartime lows back to new highs faces a big test this week: a jam-packed earnings calendar. The list of companies reporting stretches from linchpins of the AI trade like Club name GE Vernova to battleground software stocks such as ServiceNow to companies with their pulse on the industrial economy…
Bank earnings confirmed one thing this week: The Iran war may be a major geopolitical upheaval, but not a financial one. March, the final month of the first quarter, was brutal on Wall Street. The conflict started on Feb. 28, and quickly sent oil prices soaring and stocks tanking. Wells Fargo shares tumbled to a…
People line up outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images Three years ago, JPMorgan Chase executive Doug Petno was at a New York City party celebrating a colleague’s retirement when his boss, Jamie Dimon, called Petno over. It was March…
It’s difficult to describe the U.S. economy in black and white terms like “good” or “bad.” On several fronts, the data says the economy is healthy. But surveys show American consumers don’t feel that way. “There’s no doubt right now that different data can show slightly different narratives,” says Heather Long, chief economist at Navy…
