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☆ Wells Fargo kicks off our bank earnings Friday. Rate cuts and dealmaking will be in focus this season
▼ + stars: | 2024-04-11 | by ( Morgan Chittum | ) www.cnbc.com time to read: +11 min

Club holding Wells Fargo will post quarterly results on Friday, followed by our other financial holding, Morgan Stanley, on Tuesday. In theory, higher borrowing costs mean Wells Fargo can generate more money from those interest-earning assets, but it's not that simple. It's hard to say with the fluid inflation and rate expectations whether Wells Fargo might change its NII outlook when it reports on Friday. Wells Fargo also has a key long-term growth prospect in the potential removal of its $1.9 trillion Fed-imposed asset cap. A woman walks past Wells Fargo bank in New York City, U.S., March 17, 2020.

Persons: Morgan Stanley, We're, Jim Cramer, Wells, Wells Fargo's, Mike Santomassimo, Santomassimo, Jim said, Jim, Wells Fargo, Charlie Scharf, Charlie's, He's, Morgan, there's, Jefferies, Reddit's, James Gorman, Ted Pick, Jim Cramer's Organizations: Club, Silicon Valley Bank, UBS, Investment, JPMorgan, Jefferies, Discover, Wall Street, Amer Sports, Astera Labs, Reddit's, New York Stock Exchange, Street Journal, CNBC Locations: Wells, Silicon, Wells Fargo, Capital, Wilson, Morgan, New York City, U.S

☆ Palo Alto rises while Alphabet sinks — plus the latest on Wells Fargo, Broadcom and Apple
▼ + stars: | 2024-02-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Wells Fargo speaks: Shares of Wells Fargo made a new 52-week high earlier before giving back its gains as part of the broader market dip. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, OpenAI's, Ben Reitzes, Wells Fargo, Wells, Michael Santomassimo, Santomassimo, Cramer, that's, we'll, Decker, Jim, Jim Cramer's, Sundar Pichai, David Paul Morris Organizations: CNBC, Palo Alto Networks, UnitedHealth, Healthcare, Melius Research, Microsoft, Nvidia, UBS Financial Services Conference, Broadcom, VMware, KKR, Home, Stanley Black, Jim Cramer's Charitable, Allen, Co . Media, Technology Conference, Bloomberg, Getty Locations: Palo, Melius, Wells Fargo, Sun Valley , Idaho

☆ Corporate politics can feel just like high school drama — but there are ways to cope
▼ + stars: | 2024-02-24 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +7 min

Workplace conflict often looks like high school drama, according to consultant Rosalind Wiseman. Wiseman is no stranger to teen drama — in fact, she literally wrote the book on it. The corporate world and high school aren't the same, but the similarities are striking"The answer that I should say is that, 'Oh, adults are so much more mature than kids,'" she told Business Insider when asked about how workplace drama compares to high school. Wiseman said workplace drama tends to look different than what you see in high school — teens can be far more "crass" — but the levels of sophistication in which the conflicts and undermining play out can be similar. AdvertisementWhatever the conflict, adults can end up feeling similar to high schoolers — excluded, taken advantage of, or even bullied.

Persons: Rosalind Wiseman, Wiseman, —, weren't, it's, you've, Jimi Celeste, Patrick McMullan, cleary Organizations: Service, Bees, US State Department, UBS Financial Services, Los Angeles Bar Association, Broadway, Wilson Theatre Locations: New York City

☆ The woman who inspired 'Mean Girls' now helps adults in corporate America deal with high school-level drama
▼ + stars: | 2024-01-16 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Rosalind Wiseman's book "Queen Bees and Wannabes" inspired the 2004 classic film "Mean Girls." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . That's where Rosalind Wiseman — the writer whose 2002 book, "Queen Bees and Wannabes," inspired the movie — comes in. "I remind them that they aren't weak because they are affected by these dynamics," Wiseman told The News York Times of women who reach out to her. "Mean Girls" was also turned into a Broadway play, which in turn inspired the movie remake that came out in theaters on Friday.

Persons: Rosalind Wiseman's, Wiseman, —, Rosalind Wiseman —, Tina Fey, she's, It's Organizations: Bees, US State Department, UBS Financial Services, Service, News York Times, Times, Paramount Pictures Locations: America

☆ UBS sees end of S&P 500 profit recession, index to 4,700 by June 2024
▼ + stars: | 2023-09-06 | by ( David Randall | ) www.reuters.com time to read: +1 min

The logo of UBS is seen prior to a press conference of the Swiss bank after the takeover of Credit Suisse, in Zurich, Switzerland, August 31, 2023. "The improving profit picture is one of the key reasons that we think the market can hold on to its year-to-date gains," he said, citing the nearly 20% gain in the S&P 500 for the year to date. UBS expects the S&P 500 end the year at 4,500, up around 1% from its trading price Wednesday, and reach 4,700 by June. Overall, profit expectations for the median company in the S&P 500 are up 5.6% since July 2022, UBS said, while estimates are at or above all-time highs in every sector but energy, healthcare, and materials. Reporting by David RandallOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, David Lefkowitz, David Randall Organizations: UBS, Credit Suisse, REUTERS, UBS Financial Services, Thomson Locations: Swiss, Zurich, Switzerland, U.S

☆ Now until next Friday is a critical time for both the bond and stock markets, says UBS' Art Cashin
▼ + stars: | 2023-08-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNow until next Friday is a critical time for both the bond and stock markets, says UBS' Art CashinArthur Cashin, UBS Financial Services director of floor operations, joins 'Squawk on the Street' to discuss concerns about supplies of Treasury bonds increasing, testing for cyclical changes in mid-August, and the boost in energy stocks moving the dollar higher.

Persons: Art Cashin Arthur Cashin Organizations: UBS, Art, UBS Financial

☆ Art Cashin says these are the levels to watch in the S&P 500
▼ + stars: | 2023-08-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Art Cashin is warning investors to keep a close eye on key thresholds in the S & P 500 as markets approach a "critical time." Cashin pointed to the 4,440 to 4,535 range as a key level to watch as the index tests some major moving averages, with the index currently sitting in that area at around 4,456. The comments from Cashin come as 2023's market rally has shown some signs of cooling over the past two weeks as investors grapple with fresh inflation data and a recent U.S. credit rating downgrade from Fitch. While up 16% year to date, the broad-based index sits 3% lower for the month and is on track to cap off the week with a loss. "I've been doing this a long time and I will tell you whenever it looks like the book is over, there's one more chapter," Cashin said, adding that it may be too early for the bulls to "emerge victorious."

Persons: Cashin, there's, CNBC's, I've Organizations: UBS Financial Services Locations: Fitch

☆ JPMorgan acquires First Republic Bank. Here's what the experts say
▼ + stars: | 2023-05-01 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJPMorgan shares pop after acquiring First Republic. Here's what the experts have to sayJim Cramer, Erika Najarian of UBS Financial Services, and Josh Brown of Ritholtz Wealth Management on what they think about JPMorgan Chase's stock after the bank acquired the ailing First Republic and most of its assets after regulators seized control.

☆ Art Cashin says the next two weeks are critical for markets, outlines the bear case
▼ + stars: | 2023-04-18 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Art Cashin said traders should closely watch how the next two weeks will play out, as they will be "absolutely critical." However, Cashin warned that ongoing macroeconomic concerns could cause stocks to break down as investors head into the busiest stretch of earnings season. It's as if everyone has gone into a bit of a trance," Cashin told CNBC's "Squawk on the Street" on Tuesday. Investors should also closely watch data from tax season, as well as any ongoing delays in raising the debt ceiling. "I think the next two weeks could be absolutely critical to the market," Cashin said.

☆ Stocks could be shaky in the week ahead as sigh-of-relief rally runs its course
▼ + stars: | 2023-03-31 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

The stock market is about to enter one of the seasonally strongest months of the year, but volatility could persist in the week ahead with fading momentum and a big jobs report. The stock market is closed that day to observe Good Friday. Week ahead calendar Monday 10:00 a.m. Construction Spending, Feb. 10:00 a.m. ISM Manufacturing, March Tuesday 10:00 a.m. Factory Orders, Feb. 10:00 a.m. JOLTS, Feb. Wednesday 7:00 a.m. Mortgage Applications 8:15 a.m. ADP, March 8:30 a.m. Trade Balance, Feb. 10:00 a.m. ISM Service, March Thursday Earnings: Constellation Brands 8:30 a.m. Initial claims Friday The stock market is closed for Good Friday 8:30 a.m. Nonfarm Payrolls

☆ Art Cashin on why the Fed can't go back to super-sized rate hikes
▼ + stars: | 2023-03-03 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Art Cashin says the Federal Reserve can't go back to higher interest rate hikes after easing down. They went from 50 [basis points] down to 25. That follows Thursday comments from Atlanta Fed President Raphael Bostic who said he's "firmly" in favor of 25 basis point rate hikes , instead of the 50 basis point increase some other Fed officials have called for. Regardless, Cashin said he expects trouble ahead for markets, and urged investors to keep an eye on some technical levels. "It looks to me like the oversold bounce that we got out of Salesforce yesterday, the influence on the market might carry on until maybe Tuesday of next week," Cashin said.

☆ Chart analysts say the S&P 500 is hovering at a level that points to more downside
▼ + stars: | 2023-02-13 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The S & P 500 just suffered its worst week in nearly two months, stalling at a technical level that concerns many chart analysts. The loss put the S & P 500 below 4,100 at the end of last week, cutting 2023 gains to about 7%. .SPX YTD mountain S & P 500 "The SPX broke out above 4,100 in early February, but closed below it last week. He cautioned that if the S & P 500 breaks below 4,100, there could be more downside. The S & P 500 rose 0.8% on Monday, taking the benchmark above the 4,100 level.

☆ Art Cashin says January upside surprises a lot of veteran traders, but he's skeptical of the rally
▼ + stars: | 2023-02-08 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

"The upside surprised a lot of veteran traders," he said Wednesday on CNBC's " Squawk on the Street ." The S & P 500 gained 6.2% in January, notching its best start of the year since 2019. .SPX 1Y mountain S & P 500 However, Cashin, director of floor operations for UBS Financial Services at the New York Stock Exchange, said he's skeptical that the rally has legs. He cautioned that if the S & P 500 breaks below 4,100, there could be more downside. Cashin said he's closely watching comments from regional Federal Reserve presidents, who might be more hawkish and signal more tightening action ahead.

☆ These are the key levels UBS's Art Cashin will be watching as the January rally unravels
▼ + stars: | 2023-01-19 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

UBS's Art Cashin isn't surprised to see stocks struggling to continue the rally seen at the start of the year. There's historically weakness in the latter half of January, he said Thursday on CNBC's " Squawk on the Street ." The rally was "new money for the new year," said Cashin, director of floor operations for UBS Financial Services at the New York Stock Exchange. The next key level he will be watching on the S & P 500 is if it falls to 3,800. This will be a key test as millions travel for the event and could spread Covid-19 and push back the country's reopening.

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