Jamie Dimon says the stock market overreacted, no recession ahead
Markets from equities to high-yield bonds that have been flashing warning signs are probably an overreaction to slowing growth rather than a precursor of imminent recession, according to J.P. Morgan Chase CEO Jamie Dimon.
Majority of Wall Street pros see a stock market comeback in 2019: CNBC survey
Stocks may be coming off their worst year since the financial crisis, but a majority of Wall Street professionals see gains ahead for 2019.
U.S. Payrolls Rise 312,000, Wages Accelerate in Jobs Blowout
U.S. employers added the most workers in 10 months as wage gains accelerated and labor-force participation jumped, reflecting a robust job market that nevertheless faces mounting risks in 2019.
Key reading of manufacturing sector drops to lowest level in more than 2 years
Activity in the U.S. manufacturing sector expanded at a much slower pace than expected last month, according to the Institute for Supply Management.
Companies added way more jobs than expected in December
Contrary to growing concerns about a potentially slowing U.S. economy, job creation surged in December as measured by the latest ADP/Moody’s Analytics survey released Thursday.
Jeremy Siegel says stocks will return up to 15%
Despite the market’s stumble into the new year, Wharton’s Jeremy Siegel is predicting solid gains for stocks by the end of 2019.
Strategist Jim Paulsen predicts slow growth, rate cuts and bull run in 2019
A slowing economy and more cautious Federal Reserve next year could extend the longest bull run in history, Leuthold Group’s Jim Paulsen told CNBC on Thursday.