Tuesday's CPI report likely to show inflation continuing to run hot, putting the Fed in tough spot

The consumer price index is expected to come in at a 5.4% year over year pace for August, when it is reported Tuesday, according to the Dow Jones consensus estimate. Any inflation data is important for the markets, but this report could set the tone for trading ahead of the Fed's September meeting next week.… Continue reading Tuesday's CPI report likely to show inflation continuing to run hot, putting the Fed in tough spot

Retailers begin reporting this week, but the delta variant is a big wild card

Retail earnings have never been better, but the delta variant remains the wild card. In theory, this is a golden moment for retailers, which begin reporting earnings this week. Consider the following: The consumer is flush. The American consumer has never had more disposable cash or more leisure time than in the past year. There's commodity… Continue reading Retailers begin reporting this week, but the delta variant is a big wild card

Michael Farr: Buying opportunities abound, even as the market trades near record levels

The market is churning at record levels as Covid fears ramp up and political uncertainty swirls, but there are still buying opportunities for investors. On Tuesday, Stephanie Link of Hightower Advisors, Josh Brown of Ritholtz Wealth Management, investor Pete Najarian and I joined Scott Wapner on CNBC's "Halftime Report" to interview Oakmark's Bill Nygren. We… Continue reading Michael Farr: Buying opportunities abound, even as the market trades near record levels

Stock futures are flat after muted Wall Street session

U.S. stock futures were flat on Wednesday night following a quiet day of trading. Futures for the Dow Jones Industrial Average inched up 8 points, or less than 0.1%. S&P 500 and Nasdaq 100 futures also gained marginally. During the regular session, the 30-stock Dow rose just 25.07 points to close at 34,600.38. Similarly, the… Continue reading Stock futures are flat after muted Wall Street session

White House unveils plans for wind farm in the Pacific Ocean off California's coast

The Biden Administration on Tuesday announced plans for an offshore wind project in the Pacific Ocean. The developments would be off California's coast, with targets for 4.6 gigawatts of energy, which is enough to power around 1.6 million homes. The announcement comes after the White House gave the greenlight to the country's first commercial-scale offshore… Continue reading White House unveils plans for wind farm in the Pacific Ocean off California's coast

Roblox, Bumble and Coinbase report in a buzzy week for earnings — here's what to watch

It's time to shine for some of the newest entrants to the public markets. Companies that have had recent market debuts, including Bumble, Coinbase and Poshmark, are set to report earnings this week. CNBC's "Trading Nation" asked two traders which they're watching most closely. "I have my eye on Roblox because Roblox is essentially crack… Continue reading Roblox, Bumble and Coinbase report in a buzzy week for earnings — here's what to watch

Why investors should be on correction watch this May: Allianz's Mahajan

It may be the early innings of May, but one top strategist is predicting a bumpy month for stocks. Equities bounced back Wednesday after a sell-off Tuesday. Growth stocks, the hardest hit, have fallen 1% in just four trading sessions, and they could be in for more pain, said Mona Mahajan, senior U.S. investment strategist… Continue reading Why investors should be on correction watch this May: Allianz's Mahajan

Stocks making the biggest moves midday: Verizon, DraftKings, Gap & more

Check out the companies making headlines in midday trading.  Estee Lauder — Shares of the beauty company fell more than 7% on Monday after missing analysts' revenue estimates for the first quarter. Estee Lauder reported earnings per share of $1.62 on revenue of $3.86 billion. Wall Street expected earnings per share of $1.32 on revenue… Continue reading Stocks making the biggest moves midday: Verizon, DraftKings, Gap & more

Singapore's DBS bank sets first quarter profit record; bad loans are at pre-pandemic levels

Southeast Asia's largest bank benefited from strong loan growth, improved asset quality and a robust wealth management business. The net interest margin at DBS fell to 1.49% in the latest quarter from 1.86% a year earlier but was stable from the previous quarter. DBS Group Holdings trumped market estimates with a 72% rise in quarterly… Continue reading Singapore's DBS bank sets first quarter profit record; bad loans are at pre-pandemic levels

'Enjoy this ride' — Wharton's Jeremy Siegel says stock market could go up 30% before boom ends

Wharton professor Jeremy Siegel expects stocks to keep rallying at least throughout this year. However, he told CNBC on Thursday that investors will have to get cautious once the Federal Reserve adjusts its ultra-accommodative monetary policies. Siegel added, "We could have the market go up 30% or 40% before it goes down that 20%," following what he… Continue reading 'Enjoy this ride' — Wharton's Jeremy Siegel says stock market could go up 30% before boom ends

China's central bank warns of a swath of financial risks, including potential defaults

China's central bank warned Thursday of financial risks in the country that have accumulated over the years, as well as shocks from overseas uncertainties. The detailed comments mark the latest warning from high-level officials in China in the last several weeks about domestic market risks. In this article .SSEC .SPX BEIJING — China's central bank… Continue reading China's central bank warns of a swath of financial risks, including potential defaults

Chinese foreign minister takes firm tone, calls for 'non-interference' between China and the U.S.

Chinese Foreign Minister Wang Yi said Sunday at a high-level press conference that the U.S. needs to remove "unreasonable restrictions" and stop interfering in what Beijing considers its domestic affairs. U.S. President Joe Biden's administration has maintained a tough position on China and raised concerns about Beijing's stance around Taiwan, Hong Kong, Xinjiang and Tibet.… Continue reading Chinese foreign minister takes firm tone, calls for 'non-interference' between China and the U.S.

This family traded all their gold for bitcoin in 2017. That bet has nearly tripled as bitcoin breaks above $20,000

The Taihuttu family liquidated all their assets in 2017, including their supply of gold. The price of bitcoin hits an all-time high Wednesday, trading above $20,000. In the Dutch town of Venray, Didi Taihuttu decided to make his first big gamble on bitcoin. In early 2017, the father of three searched every corner of his… Continue reading This family traded all their gold for bitcoin in 2017. That bet has nearly tripled as bitcoin breaks above $20,000

Any progress on stimulus could give the market a boost in the week ahead

Stimulus could dominate markets in the week ahead as Congress appears to move closer to a package, just as it also must vote on funding to keep the government operating. Vaccine news is likely to be a major focus as Pfizer's Covid vaccine comes before an FDA committee. Stocks ended the week at record highs… Continue reading Any progress on stimulus could give the market a boost in the week ahead

Asian manufacturing boom offers hope for swifter global recovery from Covid

Hopes that the world will bounce back from the ravages of coronavirus in the new year have been buoyed by strong growth in output from Asia’s huge manufacturing centres, led by an accelerating post-pandemic boom in China. China’s factory activity expanded at the fastest pace in a decade in November, a closely watched survey showed… Continue reading Asian manufacturing boom offers hope for swifter global recovery from Covid

Dow hits 30,000 as Biden begins transition to White House—Here’s what experts are watching

U.S. stocks rallied on Tuesday with the Dow Jones Industrial Average hitting the never-before-seen 30,000 level. This came after the Trump administration began the transition process for President-elect Joe Biden. The move higher also comes after Biden named Cabinet picks, including a nomination for former Federal Reserve Chair Janet Yellen to be Treasury secretary. Many… Continue reading Dow hits 30,000 as Biden begins transition to White House—Here’s what experts are watching

Chinese streaming and mobile gaming company releases rap video with quarterly results

Chinese video and gaming app, Bilibili, released a rap music video alongside its quarterly earnings report on Thursday. The Tencent-backed app is popular among Chinese young people and reported a 74% year-on-year increase in net revenue to 3.23 billion yuan ($490 million) in the third quarter. However, monetization remains a challenge for Bilibili and far… Continue reading Chinese streaming and mobile gaming company releases rap video with quarterly results

Chinese streaming and mobile gaming company releases rap video with quarterly results

Chinese video and gaming app, Bilibili, released a rap music video alongside its quarterly earnings report on Thursday. The Tencent-backed app is popular among Chinese young people and reported a 74% year-on-year increase in net revenue to 3.23 billion yuan ($490 million) in the third quarter. However, monetization remains a challenge for Bilibili and far… Continue reading Chinese streaming and mobile gaming company releases rap video with quarterly results

U.S. companies with China operations look to the Asian giant for growth

A survey by IHS Markit in late October of more than 6,600 companies in 12 countries found that companies in China reported the highest recovery rate from the coronavirus pandemic, followed by those in the U.S. U.S. multinationals' majority-owned affiliates in China brought in sales of $392.7 billion in 2018, up 4.8% from a year… Continue reading U.S. companies with China operations look to the Asian giant for growth

Op-ed: The Smart Money’s on Emerging Markets

Wilmington Trust has recently moved to an overweight in equities with a relative concentration in emerging markets No area of the world has moved faster or is poised to benefit more from this digital ascension than are emerging markets Overwhelmingly positive COVID-19 vaccine data from Pfizer stands as a much-needed reminder that there is a… Continue reading Op-ed: The Smart Money’s on Emerging Markets

Vaccine news unleashes new momentum in stock market as hunkered-down investors flee cash

Value stocks surged and stay-at-home stocks lagged, as investors bet Pfizer's vaccine will allow the economy to finally reopen and recover. The vaccine is more than 90% effective, and will not be widely available until next year, but stocks surged on the view that earnings for a broad group of companies will be revised higher.… Continue reading Vaccine news unleashes new momentum in stock market as hunkered-down investors flee cash

Global stock markets surge after Pfizer Covid vaccine news

Global stocks have surged after the drug companies Pfizer and BioNTech announced that their coronavirus vaccine was 90% effective in tests, giving hope that economies around the world can soon return to normal. The FTSE 100 soared on Monday by 5.5% to 6,242 points, up 332 points, its highest since mid-August. Most of the increase… Continue reading Global stock markets surge after Pfizer Covid vaccine news

Here's why the stock market is rallying even though the election outcome is still uncertain

Stocks surged in a massive relief rally, as investors viewed the fact Democrats are unlikely to control the Senate as a positive. Without a majority in both houses of Congress, if Democrat Joe Biden wins the tight presidential race, he would be unable push through stiffer regulations and higher taxes. "It's a complicated mix of… Continue reading Here's why the stock market is rallying even though the election outcome is still uncertain