DIRS.INFO The most relevant business & tech news

☆ Investors should be overweight equities versus fixed income, says JPMorgan's Gabriela Santos
▼ + stars: | 2024-10-10 | 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 EmailInvestors should be overweight equities versus fixed income, says JPMorgan's Gabriela SantosGabriela Santos, JPMorgan Asset Management chief market strategist for Americas, joins 'Squawk box' to discuss the latest market trends, state of the economy, the Fed's inflation fight, where investors can find opportunities right now, and more.

Persons: JPMorgan's Gabriela Santos Gabriela Santos Organizations: JPMorgan Asset Management

☆ Jim Cramer lists 10 stocks on the S&P 500 that notched the biggest gains in the past two years
▼ + stars: | 2024-10-10 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

For roughly the past two years, traders have bullishly invested in companies on the S&P 500 , leading the index of 500 large U.S. companies to new heights—even as the Federal Reserve issued aggressive rate hikes. Jim Cramer reflected on the lead performing stocks, with his favorite buys being Nvidia , Broadcom and Fair Isaac . "The whole first year of this bull's life was an anomaly—that's because the Fed was furiously tightening and the market went up anyway," he said. "Every night I say there's always a bull market somewhere, and for the last two years, well, it's been right in front of you." Cramer lists top 10 stocks on the S&P 500 with the biggest gains since October 12, 2022:

Persons: Jim Cramer, Isaac, it's, Cramer Organizations: Federal Reserve, Nvidia, Broadcom

☆ The Fed is finally cutting rates, but banks aren't in the clear just yet
▼ + stars: | 2024-10-10 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., September 18, 2024. REUTERS/Tom BrennerFalling interest rates are usually good news for banks, especially when the cuts aren't a harbinger of recession. That's because lower rates will slow the migration of money that's happened over the past two years as customers shifted cash out of checking accounts and into higher-yielding options like CDs and money market funds. When the Federal Reserve cut its benchmark rate by half a percentage point last month, it signaled a turning point in its stewardship of the economy and telegraphed its intention to cut rates by another two full percentage points, according to the central bank's projections, boosting prospects for banks. The bank is expected to report $4.01 per share in earnings, a 7.4% drop from the year-earlier period.

Persons: Jerome Powell, Tom Brenner, Chris Marinac, Janney Montgomery Scott, JPMorgan Chase Organizations: Federal, Committee, REUTERS, Federal Reserve, JPMorgan Locations: Washington , U.S

☆ Watch CNBC’s full interview with Yardeni Research’s Ed Yardeni, NewEdge’s Cameron Dawson and Virtus’ Joe Terranova
▼ + stars: | 2024-10-10 | 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 EmailWatch CNBC’s full interview with Yardeni Research’s Ed Yardeni, NewEdge’s Cameron Dawson and Virtus’ Joe TerranovaYardeni Research’s Ed Yardeni, NewEdge’s Cameron Dawson and Virtus’ Joe Terranova, join 'Closing Bell' to discuss markets, what a slower Fed could mean for stocks and the economy.

Persons: Yardeni, Ed Yardeni, NewEdge’s Cameron Dawson, Virtus ’ Joe Terranova Yardeni Research’s Ed Yardeni, Virtus ’ Joe Terranova Organizations: Virtus ’

☆ CNBC Daily Open: Don't ignore the risks as a dovish Fed drives markets
▼ + stars: | 2024-10-10 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Valerie Plesch | Picture Alliance | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Sentiment in markets, it seems, was buoyed by encouraging comments from the Fed. The Fed, in other words, is keeping a close eye on the economy and wants to make sure it maintains its smooth landing. It's as if Stephen Sondheim's musical "Into the woods to get the money," markets are merrily singing.

Persons: Valerie Plesch, Gregory Daco, Goldman Sachs, Stephen Suttmeier, Philip Jefferson reemphasized, we're, Mike Bailey, Stephen Sondheim's, Jeff Cox, Samantha Subin, Sarah Min Organizations: Federal Reserve, Getty, CNBC, Brent, Bank of America, Dow Jones Industrial, Nasdaq, Apple, Micro Computer, Fed, FBB Capital Partners Locations: USA, Washington, Florida, U.S, Israel

☆ An emotional Obama makes his harshest case yet against Trump at Pittsburgh rally
▼ + stars: | 2024-10-10 | by ( Gregory Krieg | Edward-Isaac Dovere | ) edition.cnn.com time to read: +6 min

Obama in past campaigns has relished mocking and criticizing Trump, but his speech and delivery on Thursday were stinging and unusually visceral. Grab your friends and family and vote,” Obama said. “If you challenge Trump to elaborate and enumerate his ‘concepts,’ he will fall back on one answer,” Obama said. His message there was also pointed – but directed at Black men. “We need to make sure that Black men, Hispanic men, don’t sit on the couch.

Persons: Barack Obama, Donald Trump, thrall, ” Obama, “, Trump, Harris, Obama, wouldn’t, Kamala Harris, ”, ” Trump’s, “ You’re, I’ve, Joe Biden, don’t, Harris ’, Anthony West, ” West, CNN’s Eva McKend Organizations: Pennsylvania CNN, Republican Party, Trump, White, Republicans, Harris, ”, CNN, Democratic, Biden, NAACP Locations: Pittsburgh, Pennsylvania, Trump, Milwaukee

☆ Why investors shouldn’t sweat this inflation report
▼ + stars: | 2024-10-10 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The latest inflation report came in slightly hotter than expected, knocking stock prices lower. But the odds of a quarter-point Fed rate cut in November actually rose after the report came out. "CPI Inflation data was slightly on the hotter side, with commodity prices (outside) energy rising more than expected. The good news is that shelter inflation is pulling back and that's going to pull inflation lower. Investors received fresh labor market data Thursday as well, with initial jobless claims jumping by 33,000 to 258,000.

Persons: Dow Jones, Sonu Varghese, Goldman Sachs, Whitney Watson, Ian Lyngen, Stephen Tusa Organizations: CPI, Reserve, Carson, Investors, BMO Capital Markets, JPMorgan, Honeywell

☆ TD Bank expected to pay $3 billion in fines and limit growth in DOJ settlement: Report
▼ + stars: | 2024-10-10 | by ( Dan Mangan | ) www.cnbc.com time to read: 1 min

A TD bank stands in Brooklyn on June 04, 2024 in New York City. TD Bank is reportedly expected to pay a whopping $3 billion in fines to the Department of Justice and financial crimes regulators to settle a federal probe over its alleged failure to monitor money laundering by drug cartels. TD Bank, whose U.S. unit is the 10th-largest American bank by assets, is also set to accept limits on its growth as part of the settlement, according to the report by The Wall Street Journal on Wednesday night. The reported restrictions on TD Bank's growth would be similar to those imposed by the Federal Reserve on Wells Fargo in 2018 over what the Fed called "widespread consumer abuses" at that bank. TD Bank shares were down more than 3% midday Thursday.

Organizations: Bank, Department of Justice, TD Bank, Wall, Federal Reserve Locations: Brooklyn, New York City, U.S, Wells Fargo

☆ Markets have further dialed back probability of rate cuts in Nov. or Dec., says Citi's Wieting
▼ + stars: | 2024-10-10 | 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 EmailMarkets have further dialed back probability of rate cuts in Nov. or Dec., says Citi's WietingSteven Wieting, Citi Wealth chief investment strategist, joins CNBC's 'The Exchange' to discuss the economic impact of Hurricane Milton, expectations for the Fed, and more.

Persons: Citi's Wieting Steven Wieting, Hurricane Milton Organizations: Markets, Citi Wealth, Fed Locations: Hurricane

☆ Fed will cut rates by 100 basis points this year, says IBM's Gary Cohn
▼ + stars: | 2024-10-10 | 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 EmailFed will cut rates by 100 basis points this year, says IBM's Gary CohnGary Cohn, IBM vice chair, joins 'Money Movers' to discuss how investors should feel about inflation, what the Federal Reserve should do, and how Cohn would prefer the last mile of inflation be wiped away.

Persons: Gary Cohn Gary Cohn, Cohn Organizations: IBM, Federal

☆ We are expecting an 'uptick' in volatility, says Neuberger Berman's Holly Newman Kroft
▼ + stars: | 2024-10-10 | 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 EmailWe are expecting an 'uptick' in volatility, says Neuberger Berman's Holly Newman KroftHolly Newman Kroft, Neuberger Berman private wealth managing director, joins CNBC's 'Money Movers' to discuss her reaction to today's CPI report, how to invest with expected volatility to end the year, and what she expects from the Fed moving forward.

Persons: Neuberger, Holly Newman, Holly Newman Kroft, Neuberger Berman Organizations: CPI

☆ Mortgage rates surged for the second-straight week after hitting two-year lows
▼ + stars: | 2024-10-10 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Prospective homebuyers waiting on the sidelines for a further drop in mortgage rates received unwelcome news on Thursday. The average rate on a standard, 30-year fixed mortgage was 6.32% in the week ending October 10, mortgage financing provider Freddie Mac said Thursday. It was the largest one-week increase in mortgage rates since April and the second straight week rates jumped higher after falling to a two-year low last month. Soon after, the average rate on a 30-year fixed mortgage fell to its lowest since September 2022 at 6.08%. The recent bounce in mortgage rates underscores the uneven path toward greater home affordability.

Persons: Freddie Mac, ”, Sam Khater, Freddie Mac’s Organizations: CNN, Fed

☆ Girard: The Fed focuses on core CPI, excluding food and energy prices
▼ + stars: | 2024-10-10 | 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 EmailGirard: The Fed focuses on core CPI, excluding food and energy pricesMichelle Girard, Head of NatWest Markets, highlights the importance of core CPI for the Federal Reserve in assessing inflation trends.

Persons: Michelle Girard , Organizations: Girard, Michelle Girard , Head, NatWest Markets, Federal Reserve

☆ Expect a 3-handle on the Fed funds rate by the middle of next year, says Wharton's Jeremy Siegel
▼ + stars: | 2024-10-10 | 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 EmailExpect a 3-handle on the Fed funds rate by the middle of next year, says Wharton's Jeremy SiegelJeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School of Business and Wisdom Tree chief economist, joins 'Squawk Box' to discuss the state of the economy, what to expect from the September CPI data, impact on the Fed's inflation fight, and more.

Persons: Wharton's Jeremy Siegel Jeremy Siegel Organizations: University of Pennsylvania’s Wharton School of Business

☆ Stock market today: Indexes close lower after CPI shows sticky inflation in September
▼ + stars: | 2024-10-10 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Indexes slipped Thursday as investors priced in a higher-than-expected inflation reading. The data raises the possibility of a "no landing" scenario for the US economy. AdvertisementStocks fell on Thursday from records reached in the previous session, as traders took in a sticky inflation reading for September. September consumer price index data released on Thursday showed inflation rose 2.4% year-over-year, slightly above consensus forecasts of a 2.3% rise. AdvertisementThe core CPI reading, which excludes more volatile food and energy costs, was up 3.3% year-over-year and just above forecasts of 3.2%.

Persons: —, Stocks, Hurricane Milton, Jamie Dimon, Buffett Organizations: Traders, Service, Dow Jones, Nasdaq, Dow, CPI, Federal Reserve, Bank of America, Investors, Labor Department, Here's, Insurance Locations: Hurricane

☆ Fed minutes: Aggressive rate cuts don't feel right, strategist says
▼ + stars: | 2024-10-10 | 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 EmailFed minutes: Aggressive rate cuts don't feel right, strategist saysDhaval Joshi, chief strategist at BCA Research, discusses the minutes from the Federal Reserve's September meeting and the state of the U.S. economy.

Persons: Dhaval Joshi Organizations: BCA Research, Federal Locations: U.S

☆ NY Fed's John Williams: Appropriate to continue reducing rates to a more neutral setting over time
▼ + stars: | 2024-10-10 | 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 EmailNY Fed's John Williams: Appropriate to continue reducing rates to a more neutral setting over timeCNBC's Steve Liesman reports on the latest news from the Federal Reserve.

Persons: John Williams, Steve Liesman Organizations: Federal Reserve

☆ Treasury yields slightly higher as investors await inflation data
▼ + stars: | 2024-10-10 | by ( Karen Gilchrist | ) www.cnbc.com time to read: 1 min

The 10-year Treasury yield was almost a basis point higher at 4.072%, while the 2-year Treasury was virtually flat at 4.013%. U.S. Treasury yields were mixed Thursday as investors continued to digest meeting minutes from the Federal Reserve and awaited fresh inflation data. 10-year Treasury yields have been climbing steadily over recent days, jumping to 4% on Monday after last week's stronger labor market readings, and following the Fed's cut. In recent days, it has hit its highest level in more than two months. Investors are looking ahead on Thursday morning to fresh consumer price index data to get a handle on the current course for inflation.

Organizations: Treasury, U.S, Federal Reserve, Federal

☆ Small and mid-cap stocks offer value regardless of Fed landing, says Northwestern’s Brent Schutte
▼ + stars: | 2024-10-10 | 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 EmailSmall and mid-cap stocks offer value regardless of Fed landing, says Northwestern’s Brent SchutteCNBC’s Mike Santoli and Northwestern Mutuals’ Brent Schutte, join 'Power Lunch' to discuss the CPI report numbers and the market reaction.

Persons: Northwestern’s Brent Schutte, Mike Santoli, ’ Brent Schutte Organizations: Northwestern

☆ Ed Yardeni on future 2024 rate cuts: 'None and done'
▼ + stars: | 2024-10-10 | 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 EmailEd Yardeni on future 2024 rate cuts: 'None and done'Yardeni Research’s Ed Yardeni, NewEdge’s Cameron Dawson and Virtus’ Joe Terranova, join 'Closing Bell' to discuss markets, what a slower Fed could mean for stocks and the economy.

Persons: Ed Yardeni, NewEdge’s Cameron Dawson, Virtus ’ Joe Terranova Organizations: Virtus ’

☆ Pleydell-Bouverie: Neutral policy with 25-point cuts ahead.
▼ + stars: | 2024-10-10 | 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 EmailPleydell-Bouverie: Neutral policy with 25-point cuts ahead. Clare Pleydell-Bouverie, Fund Manager at Liontrust, expects modest Fed rate cuts as inflation cools and emphasizes Tesla's Robotaxi event as a key catalyst for the company's future in autonomous driving.

Persons: Clare Pleydell

☆ Stock market today: Indexes decline after inflation comes in hotter than expected
▼ + stars: | 2024-10-10 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Indexes dipped Thursday as investors took in hotter-than-expected inflation data. Traders see the latest data solidifying odds of a 25 basis point rate cut next month. AdvertisementUS stocks edged lower on Thursday as investors took in slightly hotter-than-expected inflation data after last week's blockbuster jobs report. The core CPI reading, which excludes food and energy costs, came in at 3.3% year-over-year, slightly above forecasts of 3.2% and 0.3% higher than the August reading. JPMorgan's top strategist, one of Wall Street's biggest bears, is turning upbeat on the stock market for the first time in two years.

Persons: —, Milton, Bill Gross Organizations: Traders, Service, CPI, Federal Reserve, JPMorgan, Labor Department, FEMA, Hurricanes Locations: Here's

☆ These cheap stocks are outperforming, and analysts give 5 more than 20% upside
▼ + stars: | 2024-10-10 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Markets just keep rallying this year, with the S & P 500 up nearly 22% year-to-date and the Nasdaq jumping around 21%. In global stocks, the MSCI World index is around 16% higher. Meanwhile, recent data indicates that the U.S. Federal Reserve could be close to pulling off the much-discussed economic soft landing . With markets already running high, CNBC Pro screened for global stocks that have outperformed the MSCI World index, but still look cheap based on their forward price-to-earnings ratios. Returns of more than 16% so far this year, beating the MSCI World index.

Persons: Goldman Sachs, Morgan Stanley, Mary Ann Bartels Organizations: Nasdaq, Fed, U.S . Federal, CNBC Pro Locations: Wells Fargo

As long as inflation continues to come down, the Fed should continue cutting rates, allowing mortgage rates to ease as well. But what happens in the labor market will also have a big impact on how mortgage rates trend for the rest of 2024. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile.

Persons: they've, Freddie Mac Organizations: Fed, Federal Reserve, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs Locations: Chevron

☆ Here's the next data point to watch as Wall Street eyes a 'no landing' scenario for the US economy
▼ + stars: | 2024-10-10 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

A big jump in retail spending would be the next data point indicating a "no landing" of the economy. A no-landing scenario occurs when strong economic growth fuels inflation and hinders rate cuts. Bank of America analysts expect September retail sales data, set for release on October 17, to show a 0.8% surge. "Monthly retail sales data can be volatile. If retail sales accelerate considerably, in our view, the narrative may shift further toward 'no landing' or even re-acceleration," they said.

Persons: —, Helene Organizations: Service, Bank of America, Bloomberg, Federal Reserve, Bank, America

Search resuls for: "FED"

25 mentions found