Inflation will remain sticky high for a while but should ease this year: BlackRock’s Rick Rieder
Rick Rieder, BlackRock’s chief investment officer of global fixed income, joins CNBC’s ‘Squawk Box’ to discuss inflation, the Federal Reserve and more.
Goldman Sachs Predicts Fed Will Raise Rates Five Times This Year
Friday, January 28, 2022 11:13 PM By Simon Kennedy (Bloomberg) — Goldman Sachs Group Inc.’s economists joined Wall Street peers in forecasting the Federal Reserve will raise interest rates more aggressively than they previously expected. Economists led by Jan Hatzius now predict the Fed will lift its near zero benchmark by 25 basis points five times this year rather than […]
JLR Expects Car Sales to Recover as Chip Crunch Eases
Monday, January 31, 2022 06:32 AM By Ragini Saxena India’s Tata Motors says chip crisis to ripple through 2022 JLR reports jump in order book on Range Rover models (Bloomberg) — Jaguar Land Rover said sales are set to rebound as the worst of the protracted semiconductor shortage gripping the industry has passed. Production at the […]
You can credit Tim Cook’s supply chain mastery for that boost in Apple shares
PUBLISHED FRI, JAN 28 202210:17 AM ESTUPDATED FRI, JAN 28 20221:30 PM EST Steve Kovach @STEVEKOVACH Apple CEO Tim Cook said he sees supply chain problems improving in the March quarter. The comments sent Apple shares up as much as 5%. Cook’s comments on the supply chain echo those of his peers in the industry, […]
U.S. Yield Curve Flattens as Traders Mull Half-Point March Hike
Monday, January 31, 2022 05:08 AM By Kristine Aquino and James Hirai Two- and 10-year yield gap now smallest since October 2020 Traders price in more than a 25-basis-point increase in March (Bloomberg) — The Treasury yield curveflattened to the lowest level in over a year on Monday as the prospect of a super-sized Federal Reserve rate increase in […]
CNBC: Apple revenue pops 11% to $123.9 billion, Cook says supply chain improving
Apple CEO Tim Cook said on Thursday that the company’s supply chain challenges were improving, sending shares up about 5% in extended trading, while delivering a solid beat on earnings. Apple beat analyst estimates for sales in every product category except iPads and overall revenue was up 11% annually.
Beaten-down cloud software stocks get boost as ServiceNow and Qualtrics top estimates
PUBLISHED WED, JAN 26 20226:50 PM EST Ari Levy@LEVYNEWS ServiceNow and Qualtrics, two notable cloud software companies, topped estimates on Wednesday and delivered guidance that also exceeded expectations. Both stocks were up big after hours, giving a boost to a sector that’s been hammered of late. “We are in a sustained demand environment here,” ServiceNow […]
History of Stock Market Volatility and Recovery Period
Don’t panic. Here’s what investors should know as stocks continue a wild ride PUBLISHED TUE, JAN 25 20222:14 PM ESTUPDATED 29 MIN AGO Greg Iacurci @GREGIACURCI U.S. stocks have taken a beating in January. The S&P 500 index dipped into “correction” territory on Monday for the first time since March 2020. The benchmark fell 10% […]
Microsoft forecast spurs relief rally and shows top companies positioned to weather rising inflation
PUBLISHED TUE, JAN 25 20229:35 PM EST Jordan Novet@JORDANNOVET Microsoft CEO Satya Nadella attends the Viva Tech start-up and technology gathering in Paris on May 24, 2018. Christophe Morin | IP3 | Getty Images Entering its quarterly earnings report on Tuesday, Microsoft’s stock was down 14% in January and headed for its worst month since 2010. […]
Tom Lee says this pullback is a really attractive buying opportunity for 2022
PUBLISHED TUE, JAN 25 20222:04 PM ESTUPDATED 2 HOURS AGO Tanaya Macheel@TANAYAMAC Tom Lee, Fundstrat Global Advisors Scott Mlyn | CNBC Market bull Tom Lee is still keen on stocks, even after Monday’s historic rebound and Tuesday’s declines. “These are great entry points for people because you’ve got so many stocks down and [Monday] had […]