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☆ Watch CNBC's full interview with Wharton's Jeremy Siegel on the Fed, markets and more
▼ + stars: | 2022-11-15 | 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 Wharton's Jeremy Siegel on the Fed, markets and moreJeremy Siegel, professor of finance at the University of Pennsylvania's Wharton School of Business, joins CNBC's 'Squawk Box' to react to October's producer price index data. Siegel also breaks down his outlook for future interest rate hikes from the Federal Reserve and more. "They're probably going to go 50 basis points, but that should be the absolute pause," Siegel tells CNBC.

☆ INDIA STOCKS Indian shares edge down as consumer, tech stocks drag
▼ + stars: | 2022-11-15 | by ( Praveen Paramasivam | ) www.reuters.com time to read: +2 min

[1/2] A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, December 11, 2018. REUTERS/Francis MascarenhasBENGALURU, Nov 15 (Reuters) - Indian shares gave up opening gains on Tuesday, dragged by consumer and IT stocks, as investors secured profits after a four-week rally, even as data showed annual retail inflation for October eased roughly in line with estimates. Slower rise in food prices helped India's annual retail inflation ease to 6.77% in October, from 7.41% in the previous month, data showed on Monday. More than 1,000 companies reported their quarterly results on Monday as the country's month-long earnings season drew to a close. Globally, investors will get another look at U.S. inflation when the producer price index data is released at 1330 GMT.

☆ 3 takeaways from our daily meeting: Investor discipline, EL acquisition, TJX earnings
▼ + stars: | 2022-11-15 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Investor discipline EL to acquire Tom Ford TJX earnings ahead 1. EL to acquire Tom Ford The Wall Street Journal reported on Monday that cosmetics giant Estee Lauder (EL) is nearing a deal to purchase luxury fashion house Tom Ford for roughly $2.8 billion. We like Tom Ford as a prestige apparel brand, though that's not in Estee Lauder's wheelhouse of skincare and makeup. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ UBS says disinflation is on the way — and shares 8 global stocks to play it
▼ + stars: | 2022-11-14 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

After a year of double-digit inflation in many countries, UBS is now forecasting "sharp" disinflation in 2023. The bank screened for stocks it expects to be positively impacted in such an environment. The table below shows two stocks across four regions that UBS says will benefit the most from disinflation. British healthcare companies Genus and Hikma Pharmaceuticals ranked highly among the stocks UBS says will benefit from disinflation in the United Kingdom. "The negative payoff from getting our disinflation call wrong is large," strategists led by Arend Kapteyn warned.

See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. 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. Whether mortgage rates will drop in 2023 hinges on if the Federal Reserve can get inflation under control. If the Fed acts too aggressively and engineers a recession, mortgage rates could fall further than what current forecasts expect. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

☆ EXCLUSIVE Yellen says doesn't know if lower U.S. inflation data is turning point
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +1 min

NEW DELHI, Nov 11 (Reuters) - U.S. Treasury Secretary Janet Yellen told Reuters on Friday that it was good to see the latest U.S. inflation data that suggests upward pressures are easing, but added that it was unclear if inflation has a reached a turning point to continue moving lower. "I don't know if this is a turning point," Yellen said in an interview in New Delhi a day after October U.S. Consumer Price Index data logged its smallest gain since January at a 7.7% annual rate. "I never make more of one data point. That is one data point," Yellen said of the Commerce Department report. "It was certainly nice to see an inflation report that came in on the low side of expectations rather than the high side and, you know, we've seen early indications along the pipeline that inflation might be diminishing."

☆ Partners Group buys data center platform EdgeCore Digital with $1.2 bln investment
▼ + stars: | 2022-11-11 | by ( Krystal Hu | ) www.reuters.com time to read: +1 min

Nov 11 (Reuters) - Swiss private investment company Partners Group Holding AG (PGHN.S) is investing up to $1.2 billion in U.S. data center operator EdgeCore Digital Infrastructure, the private equity firm told Reuters. Partners Group will use the fund to acquire a majority stake in EdgeCore and help it build out new data center sites across the United States, the latest of Partners' investment in data center assets. Some of the themes include cloud computing, machine learning, artificial intelligence, 5G and mobile," said Ed Diffendal, managing director at Partners Group. In 2021, Partners Group made four digital infrastructure investments, including acquiring atNorth, the largest data center operator in Iceland. Founded in 1996, Partners Group manages $119 billion across private equity, real estate, infrastructure, credit and secondaries globally.

But rates have trended back down over the past few days, with 30-year fixed rates now holding steady below 7%. See more mortgage rates on Zillow Real Estate on ZillowMortgage calculatorUse our free mortgage calculator to see how today's interest rates will affect your monthly payments. 30-year fixed mortgage ratesThe current average 30-year fixed mortgage rate is 7.08%, according to Freddie Mac. 15-year fixed mortgage ratesThe average 15-year fixed mortgage rate is 6.38%, an increase from the prior week, according to Freddie Mac data. Historically, adjustable mortgage rates tend to be lower than 30-year fixed rates.

☆ Cramer’s week ahead: The market needs weak retail sales data to stay strong
▼ + stars: | 2022-11-11 | by ( Krystal Hur | ) www.cnbc.com time to read: +3 min

Home DepotQ3 2022 earnings release at 6 a.m. ETProjected EPS: $4.12Projected revenue: $37.94 billionWednesday: Lowe's, TJX, Target, NvidiaLowe'sQ3 2022 earnings release at 6 a.m. TargetQ3 2022 earnings release at 6:30 a.m. Thursday: Kohl's, Gap, Palo Alto NetworksKohl'sQ3 2022 earnings release at 7 a.m. Friday: Foot LockerQ3 2022 earnings release at 6:45 a.m.

☆ Oil prices rise 1% after tepid U.S. inflation data
▼ + stars: | 2022-11-10 | by ( Shariq Khan | ) www.reuters.com time to read: +2 min

After three days of declines, crude futures rallied after the inflation data supported investor hopes that the U.S. Federal Reserve would temper its interest rate hikes, which could support oil demand. "(Consumer Price Index data) could be the turning point investors have craved," said Craig Erlam, senior market analyst at OANDA. Brent crude rose 94 cents, or 1%, to $93.59 a barrel by 12:52 a.m. EDT (1752 GMT). U.S. West Texas Intermediate crude rose 69 cents, or 0.8%, to $86.52. The U.S. dollar index , as the sunny economic data lured investors away from the safe-haven greenback towards riskier assets including oil.

☆ Jim Cramer says a slowdown in the logistics industry suggests inflation could be coming down
▼ + stars: | 2022-11-10 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Thursday said that inflation could finally be cooling off as the freight industry's pandemic boom wanes. "We caught a real break today with a much lower-than-expected consumer price index number, and a huge part of that came down to how much it costs to get goods to the consumer," he said. "Why would the Fed need to keep tightening ever harder if the root cause of inflation, moving stuff from place to place, is finally going in the right direction?" Stocks saw their biggest rally since 2020 on Thursday after October's consumer price index data came in lighter than expected, raising hopes that inflation could be peaking. Cramer said that he expects inflation to continue to cool when supply costs for the freight industry such as labor and equipment decline more.

☆ Josh Brown likes this coffee chain's stock for the long haul
▼ + stars: | 2022-11-10 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Josh Brown, CEO of Ritholtz Wealth Management, is praising coffee chain Dutch Bros as a stock with the "right" fundamentals that will perform in the long term. In addition, Bank of America said the stock should see success both long and short term. What's hurting the stock, Brown said, is that it went public in September 2021, which Brown called "the wrong time." He said investors should look at the stock long term rather than in the context of the current market downturn. And again, I'm hoping to be in it for the long term, not for a trade."

Average 30-year fixed mortgage rates appear to have topped out at 7%, at least for the time being. See more mortgage rates on Zillow Real Estate on ZillowMortgage refinance rates todayMortgage type Average rate today This information has been provided by Zillow. See more mortgage rates on Zillow Real Estate on ZillowMortgage calculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-year fixed mortgage ratesThe current average 30-year fixed mortgage rate is 6.95%, according to Freddie Mac. 15-year fixed mortgage ratesThe average 15-year fixed mortgage rate is 6.29%, a decrease from the prior week, according to Freddie Mac data.

☆ I think crypto still has another leg down, says Lido's Gina Sanchez
▼ + stars: | 2022-11-09 | 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 EmailI think crypto still has another leg down, says Lido's Gina SanchezLido Advisors’ Gina Sanchez joins Eamon Javers and the ‘CNBC Special: Taking stock’ to discuss today’s market action, as the Dow plunged more than 600 points, and what she expects to see from tomorrow’s Consumer Price Index data.

☆ Stock futures are flat as investors watch midterm results, await inflation data
▼ + stars: | 2022-11-09 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Stock futures are flat Wednesday night as investors await new inflation data and eye election results. Futures connected to the Dow Jones Industrial Average were up 11 points, or 0.03%. S&P 500 futures added 0.03%, while Nasdaq 100 futures gained 0.13%. Instead, key Senate races in Arizona, Georgia and Nevada remain tightly contested. It's a key report for the Federal Reserve, which will meet again in mid-December.

☆ Election forecasts are fueling the rally, but stocks need to hit this level to win over the bears
▼ + stars: | 2022-11-08 | by ( Michael Santoli | ) www.cnbc.com time to read: +3 min

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics. The multi-day bounce has now taken the S & P 500 back to where it sat as Fed Chair Powell started taking questions and overtly raised his own outlook for how high rates must go six days ago. The ICE Bank of America MOVE Index (the Treasury market's VIX) is still in an uptrend but these pullbacks have coincided with equity rallies all year. The average stock has dropped 36% from its high and the equal-weight S & P is at a relatively undemanding 14-times forward earnings. VIX bottoms (and equity rally tops) have come a few times this year near 19.

☆ Euro, sterling bounce, dollar drops as investors cash in
▼ + stars: | 2022-11-07 | by ( Hannah Lang | ) www.reuters.com time to read: +3 min

[1/3] Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016. REUTERS/Jason Lee/IllustrationWASHINGTON, Nov 7 (Reuters) - Euro and sterling rose against the safe-haven dollar on Monday, supported by a risk-on sentiment across markets as investors digested positive euro zone data and looked to cash in on the strength of the U.S. currency. The euro was up 0.69% to $1.0029, its highest level since Oct. 27, while sterling was last trading at $1.1534, up 1.40% on the day. Investors were also cheered by a readout on Monday showing that German industrial production grew in September, beating analyst expectations. Against a basket of currencies, the dollar index fell 0.91% to 110.070.

Data for September was revised higher to show 315,000 jobs created instead of the previously reported 263,000, but the unemployment rate ticked up to 3.7% from 3.5%. "And I think the implication of that is probably a slower rate of pace of rate increases, a longer pace of rate increases and potentially a higher end point." The Fed's key policy rate currently sits in a 3.75%-4.00% range. "I had interest rates in September peaking at around 4.9% in the March-April (2023) kind of time frame," Kashkari said. Reporting by Lindsay Dunsmuir, Michael S. Derby, Dan Burns and Ann Saphir; Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

☆ Explainer: What's behind Hong Kong's tightening cash conditions?
▼ + stars: | 2022-11-03 | by ( Georgina Lee | ) www.reuters.com time to read: +4 min

HONG KONG, Nov 3 (Reuters) - A weak Hong Kong dollar and capital outflows have pushed the city's interbank rates to 14-year highs and drained cash levels to their lowest in two years, sparking investor worries about Hong Kong's cherished currency peg and its economic health. Below are some details on the complex policy framework and recent developments surrounding the tight liquidity:WHY IS HONG KONG ON INVESTORS' RADAR? That has tightened cash in the economy and driven the one-month Hong Kong Interbank Offer Rate (HIBOR) to a 14-year high. A dearth of initial public offerings this year on Hong Kong Exchanges & Clearing's (HKEX) markets has dampened investor demand for Hong Kong dollars. Hong Kong rates, liquidity($1 = 7.8498 Hong Kong dollars)Reporting by Georgina Lee; Editing by Vidya Ranganathan and Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

☆ The Fed announces 4th consecutive 'jumbo' interest rate hike of 75 basis points—here are 4 things that will be more expensive
▼ + stars: | 2022-11-02 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

The year-over-year inflation rate has remained stubbornly high, only slowing from a June peak of 9.1% to 8.2% as of September, according to Consumer Price Index data. That's well above the central bank's preferred inflation rate of 2%. Fed Chair Jerome Powell has reaffirmed his commitment to lowering inflation with continued rate hikes in recent months. Ultimately, inflation affects people's spending power more directly than interest rate hikes do. That means the costs of borrowing will continue to get more expensive, as more rate hikes are likely to follow.

☆ We still believe in AMD's future potential, but near-term results make it difficult to see
▼ + stars: | 2022-11-01 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Advanced Micro Devices (AMD) reported fiscal third-quarter results that missed lowered expectations on after the closing bell Tuesday. Revenue in AMD's third-quarter increased 29% to $5.57 billion, missing estimates of $5.62 billion. Data center revenue remains resilient thanks to strong North American cloud demand, where AMD is strongest, while Embedded segment sales benefited from strong end market demand. While the long-term drivers of growth — cloud computing, gaming, and digitization — appear fully intact, the near-term issues must be resolved. Gaming revenue was $1.6 billion, up 14% year over year and also in line with estimates driven by higher semi-custom product sales.

☆ Asia-Pacific markets set to rise ahead of China factory activity data
▼ + stars: | 2022-10-31 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

Pedestrians cross a street in front of the Tokyo Stock Exchange, operated by Japan Exchange Group, in Tokyo, Japan. Shares in the Asia-Pacific are set to rise on Monday ahead of China's factory activity data that's slated to be released, and as markets look ahead to the U.S. Fed meeting later this week. On Friday in the U.S., major stock indexes jumped 2% each on optimism that inflation may be slowing. Later this week, the Federal Reserve will hold its policy meeting and announce its interest rate decision. Several countries will report inflation data this week.

☆ U.S. data brings some encouraging signs for inflation-weary Fed
▼ + stars: | 2022-10-28 | by ( Lindsay Dunsmuir | ) www.reuters.com time to read: +3 min

Fed policymakers are keenly attentive to the ECI as one of the better measures of labor market slack and a predictor of core inflation. Projections released last month showed policymakers' median forecast for the federal funds rate by the end of 2023 at 4.6%. Several policymakers in the last month have also appeared to be leaning toward a smaller rate hike at the Dec. 13-14 meeting. Certainly, the latest Personal Consumption Expenditures (PCE) price index data did little to bolster central bank hopes that price pressures have decisively turned a corner. That was enough for one analyst to argue the market is undershooting the amount of Fed tightening that remains.

☆ Amazon healthcare salaries revealed: See how much bioengineering and health-data roles earn as the tech giant pushes into medicine and prepares to buy One Medical
▼ + stars: | 2022-10-25 | by ( Katherine Long | Diamond Naga Siu | ) www.businessinsider.com time to read: +3 min

Amazon hired many positions in healthcare informatics last quarter, according to H-1B visa filings. The new positions include nursing-informatics specialists, who typically manage patient data, and medical laboratory technicians. But the end of Amazon Care, which failed to gain as much traction as Amazon had hoped, coincides with an expansion of Amazon's healthcare ambitions. The company announced plans in July to purchase the One Medical chain of medical clinics for $3.9 billion. Data-privacy activists have registered concerns about the company's planned acquisition of One Medical, which would give Amazon control of huge amounts of patient data.

☆ U.S., European shares climb on hopes Fed will slow rate hike pace
▼ + stars: | 2022-10-24 | by ( Chris Prentice | Amanda Cooper | ) www.reuters.com time to read: +4 min

WASHINGTON/LONDON (Reuters) - U.S. shares extended last week’s rally and European shares climbed on Monday as signs of a cooling U.S. economy stoked hopes that the Federal Reserve will slow its pace of rate hikes. FILE PHOTO: A Wall Street sign outside the New York Stock Exchange in New York City, New York, U.S., October 2, 2020. Slideshow ( 2 images )Fed officials indicated that the pace of tightening would be at the heart of any policy debate at November’s meeting. Chinese blue chips slid almost 3%, while Hong Kong shares fell 6.4%, their biggest one-day drop since the financial crisis. In commodities, gold prices were under pressure from a firm dollar and the elevated U.S. bond yields.

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