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☆ This semiconductor ETF just had its worst week since 2020. Here's what's next
▼ + stars: | 2024-09-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

The VanEck Semiconductor ETF (SMH) sank 11.7% in the Labor Day-shortened, four-day trading week. That was its worst week since a 15.2% drop in March 2020, spurred by the Covid lockdown. SMH 3M mountain This semiconductor ETF just had its worst week since 2020. VanEck itself launched a somewhat narrower version of the fund — the VanEck Fabless Semiconductor ETF (SMHX) , with 22 stocks — last month. Looking ahead, investors will likely get updates from several chipmakers next week at the Goldman Sachs Communacopia + Technology Conference.

Persons: it's, Cantor Fitzgerald, CJ Muse, Muse, —, Bernstein, Stacy Rasgon, Rasgon, VanEck, Nick Frasse, Frasse, Goldman Sachs, CNBC's Gina Francolla Organizations: VanEck Semiconductor, Labor, Nvidia, Taiwan Semiconductor Manufacturing, Wall Street, SOX, CNBC, Intel, Broadcom, Semiconductor, Technology Conference, Devices Locations: VanEck

☆ Bitcoin tries for a winning week as investor worries about GBTC sell pressure subside
▼ + stars: | 2024-01-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin pushed higher to end the week as investors took some comfort in the idea that outflows from the Grayscale Bitcoin ETF (GBTC) could be starting to taper off. It's on pace, however, to post a nearly 10% decline for the week. If premarket gains hold, Coinbase is is on pace to end the week up 1% for the week. It would mark for its first positive week in five. Bitcoin miner Riot Platforms is set to rise 9% this week and also post its first positive week in five.

Persons: Bitcoin, It's, John Todaro, Nikolaos Panigirtzoglou, — CNBC's Gina Francolla Organizations: Metrics, JPMorgan, U.S, CNBC PRO Locations: GBTC

☆ Wharton's Jeremy Siegel says the U.S. economy is 'cooking'
▼ + stars: | 2023-10-02 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Even as higher bond yields rattle equity markets, the U.S. economy remains strong overall, said economist and Wharton professor Jeremy Siegel. "I think this economy is cooking," Siegel told CNBC's " Squawk on the Street " on Monday. "I know economic surprises, some of them have been negative but on the whole, we have a strong economy." Siegel added that higher bond yields have been pressuring the equity market, and investors now view them differently in an inflationary environment. He also pointed out that the latest jobless claims data, which showed initial claims of 204,000 for the week ending Sept. 23, still suggests strength in the economy.

Persons: Jeremy Siegel, Siegel, CNBC's, Freddie Mac, That's, — CNBC's Gina Francolla Organizations: Treasury, Federal Reserve Locations: U.S

☆ The U.S. dollar just formed a 'golden cross,' which could cause trouble for the rest of the globe
▼ + stars: | 2023-09-21 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The U.S. dollar crossed another key milestone after the Federal Reserve reiterated its commitment to higher rates, and that could create pressure elsewhere in the global economy. The dollar index hit its highest level since March 9 on Thursday, pushing its 50-day moving average above its 200-day counterpart. That milestone for the moving averages is known as a "golden cross," which typically leads to the dollar climbing further in the coming months, according to Bank of America. The latest leg higher for the dollar appears to be related to the Federal Reserve. A stronger dollar could be bad news for the global economy, where some countries have been struggling relative to the U.S. already.

Persons: Paul Ciana, Ciana, — CNBC's Gina Francolla Organizations: U.S, Federal Reserve, Bank of America Locations: U.S

☆ JPMorgan says interest in solar energy for homes remains high so buy these stocks for the long term
▼ + stars: | 2023-09-07 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

There could be better-than-expected uptake in residential solar energy — and that can mean good news for some stocks in the space, according to JPMorgan. "We believe the survey results signal that homeowner interest for adding residential solar systems is stronger than currently low investor sentiment and recent under performance of residential solar stocks indicates," he said. Long-term investors can find value in high-quality residential solar as the market gains favor over time, he said. He pointed to Sunrun , Sunnova , Enphase and Solaredge as good picks in the area. Ultimately, the survey showed that homeowners interested in solar will likely install it, but it may not be a near-term decision.

Persons: Mark Strouse, That's, Strouse, — CNBC's Gina Francolla, Michael Bloom Organizations: JPMorgan, Analysts, Technologies, Shoals Technologies

☆ Bitcoin is in the depths of the summer doldrums despite a wave of positive regulatory developments. Here's what to expect in August.
▼ + stars: | 2023-07-29 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

In the latest week, bitcoin closed lower by 1.9%. Coin Metrics measures a week in crypto, which trades 24 hours a day, from the 4:00 p.m. "August is a quiet month for traditional market investors and crypto is no different," said Greg Cipolaro, global head of research at NYDIG, the crypto subsidiary of Stone Ridge Asset Management. "Historically, mean returns have waned as we go into the summer months and that may play out again in August." But even with the latest downdraft, bitcoin is still up about 77% for the year, and investors are upbeat.

Persons: it's, Greg Cipolaro, Ric Edelman, Edelman, Bitcoin, —, Gina Francolla Organizations: bitcoin, Management, Digital Assets, Financial Professionals, U.S . Securities, Exchange Commission, SEC, Binance, Innovation, Technology, Century, Federal Reserve, European Central Bank, Nasdaq Locations: NYDIG, Stone, Congress, BlackRock

☆ Bitcoin falls ahead of debt ceiling vote, heads for its first losing month of the year
▼ + stars: | 2023-05-31 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Bitcoin is track to post a 8% loss, which would be its worst month since November 2022. If it ends the day in the red, that will make May its worst month since December 2022. Bitcoin fell on Wednesday and was on track to post a down month as optimism around the debt ceiling rally fizzled. Crypto moved in line with the major stock averages, which were all lower as investors awaited the House vote on the tentative deal to raise the nation's debt ceiling and avoid a default on Wednesday. Crypto prices initially climbed over the weekend after House Republicans reached a tentative deal with the White House to address the debt ceiling.

Persons: Bitcoin, Crypto, Noelle Acheson, — CNBC's Gina Francolla Organizations: Metrics, House Republicans, White

☆ Bitcoin jumps 8% as First Republic pulls banking sector concerns back into focus
▼ + stars: | 2023-04-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Cryptocurrencies jumped on Wednesday as investor concerns about the U.S. banking sector began to swell again, with First Republic Bank fighting to avoid another collapse. "Crypto rallies during banking crises, and it looks like the banking crisis may not be over," Hougan said. "As First Republic is now on the verge of collapse, bitcoin represents both a safe haven versus uncertain bank deposits." As crypto rallied, the U.S. dollar index moved lower and was on pace for worst day since Apr. 12, when bitcoin traded at its highs of this year.

The NYSE FANG+ index is headed for its best week in one year. Semiconductor maker AMD is up 17.8% week to date, headed for its best week since July 24, 2020, when AMD jumped 26.1%. Facebook-parent Meta advanced 12.3% this week, on pace for its best week since Feb. 3, when the social media stock gained 22.9%. AMD 5D mountain AMD shares 5-day Microsoft shares are 11.4% higher week to date, headed for its best week since Nov 11, 2022 when the Xbox maker jumped 11.6%. Amazon shares are up 10% this week, headed for its best week since Jan. 13, when AMZN soared 14%.

☆ These bond ETFs are having their best day in 2023 as investors seek safety
▼ + stars: | 2023-03-15 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +1 min

A pair of exchange-traded bond funds popped Wednesday as investors flee stocks in search of safety. The Vanguard Total Bond ETF (BND) and the iShares Core U.S. Aggregate Bond ETF (AGG) each leapt by as much as 1.4% Wednesday morning. Investors sought safety in Treasurys , with yields dropping as traders bought up the issues. Corporate issues in BND include Amazon , AbbVie and Alphabet , while AGG holds bonds from Morgan Stanley , Bank of America and JPMorgan Chase .

☆ Inflation gauge increased 0.4% in February, as expected and up 6% from a year ago
▼ + stars: | 2023-03-14 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

Excluding volatile food and energy prices, core CPI increased 0.5% in February and 5.5% on a 12-month basis. The consumer price index increased 0.4% for the month, putting the annual inflation rate at 6%, the Labor Department reported Tuesday. Inflation rose in February but was in line with expectations, likely keeping the Federal Reserve on track for another interest rate hike next week despite recent banking industry turmoil. Food prices rose 0.4% and 9.5% respectively. That entails core services inflation minus housing, cohort that increased 0.2% in February and 3.7% from a year ago, according to CNBC calculations.

☆ S&P 500's best performers are on track for gains of 50% or more this quarter
▼ + stars: | 2022-12-29 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

It has been a strong fourth quarter for the S & P 500 — and its leading stocks are poised for even larger gains. The S & P 500 is on pace to end the quarter up 6.2%, through Thursday's market open. As a result, the benchmark S & P 500 index will see its first quarterly advance this year, limiting the full-year loss to a little less than 20%. CNBC Pro looked at the 10 best performing stocks in the index this quarter, using data from FactSet through Wednesday's close. But the average analyst expects the price to be little changed over the coming year.

☆ Stocks are headed for their worst year since 2008, but some names doubled or more in 2022
▼ + stars: | 2022-12-29 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Stocks may be careening toward their worst year since 2008, but some names are completing a remarkable run after doubling or more in 2022. In 2022, the Dow Jones Industrial Average has lost 8.4%, while the S & P 500 shed 19.2%. These stocks are up more than 100% this year, and include tankers for petroleum products, energy companies such as coal firms, and biotech and pharmaceutical names, according to CNBC. Ardmore Shipping and Scorpio Tankers were the top tanker stocks, both up about 316% for the year. Energy companies came out on top in 2022 following a surge in oil and gas prices — which market participants say will remain elevated given expectations of tight supply ahead.

☆ Oil prices lower as outlook grows bearish. Traders fear weak China demand more than impact of Russian sanctions
▼ + stars: | 2022-11-21 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

Oil prices were volatile Monday as traders considered the possibility of weakening Chinese demand and a growing view that world could have sufficient supplies even with a European ban on Russian oil. The firm cited China's Covid restrictions and a lack of clarity on G-7 price caps on Russian crude for the new outlook. The European Union's ban on seaborne Russian oil starts Dec. 5. "Every fundamental signal in the crude market right now is bearish," she said. At least for now, the market expects there will be sufficient supplies even with Russian sanctions, Babin said.

☆ Bitcoin drops 5% to its lowest level in 3 months as risk assets continue to get crushed
▼ + stars: | 2022-09-19 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Bitcoin fell to its lowest level in three months on Monday as investors dumped risk assets amid expectations of higher interest rates. The world's largest cryptocurrency dropped 5% to an intraday low of $18,276, reaching its lowest level since June 19. Bitcoin is down 7.2% this month and on pace for the second straight negative month after plunging 15% in August. Ether is down a similar 5% to $1,281 apiece Monday, hitting its lowest level since July 15. Risk assets have been under massive pressure as the Federal Reserve is expected to stick to its aggressive tightening schedule.

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