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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Solus' Dan Greenhaus and Edward Jones' Mona MahajanDan Greenhaus, Solus Alternative Asset Management chief strategist and Mona Mahajan, Edward Jones senior investment strategist, joins 'Closing Bell Overtime' to talk the day's market action.
Persons: Solus, Dan Greenhaus, Edward Jones, Mona Mahajan Dan Greenhaus, Mona Mahajan Organizations: Asset Management
T-Mobile's nationwide standalone 5G network helps power these efforts. The common thread of these varied scenarios might surprise you: 5G, the "fifth generation" of wireless network technology. T-Mobile is the only provider of a standalone nationwide 5G network, putting it in a prime position to shake up that paradigm in the US. Uses for all industriesT-Mobile's 5G technology can be applied across all industries, for an ever-expanding number of use cases. Find out more about how T-Mobile's 5G technology is powering change across industries.
Persons: , Parvin Mahajan, Mahajan, Heather Nelson, Rod Laver, Will Townsend, Organizations: Mobile, Children, Boston Children's Hospital, Drivers, Infosys, Rod Laver Arena, Insider Studios Locations: Bellevue , Washington
But declines in small-cap stocks suggest that worries about the US economy’s health still linger on Wall Street. The Russell 2000 index, which tracks the performance of US small-cap stocks, last Friday touched its lowest level since November 2020 after turning negative for the year earlier in October. Small-cap stocks tend to be an indicator of economic strength, because they generate most of their revenue domestically. Still, Mahajan says that small-cap stocks could be set up for a rally, especially if the economy sees renewed growth next year. Turkey prices drop as Thanksgiving planning ramps upSomething wild has happened with turkey prices that’s going to make the cost of cooking the Thanksgiving meal more palatable to families on a tight budget, reports my colleague Parija Kavilanz.
Persons: Russell, Jim Polk, , Mona Mahajan, Edward Jones, Jerome Powell, Mahajan, Polk, Bryan Mena, Parija Kavilanz, “ There’s, Michael Swanson, Swanson, Wells Fargo’s, Read Organizations: CNN Business, Bell, New York CNN, Federal, Big Tech, Homestead Funds, Fed, Penn Capital Management, Federal Reserve, Wells, Food Institute Locations: New York, small, Israel, Turkey
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe economy is 'perhaps cooling' going forward, says Edward Jones' MahajanMona Mahajan, Edward Jones senior investment strategist, joins 'Squawk on the Street' to discuss how the economy is positioned for a recovery into year-end, how the higher-for-longer scenario fits into the year-end recovery thesis, and more.
Persons: Edward Jones, Mona Mahajan
Walgreens on Tuesday sent out a notice to staff announcing that annual bonuses would not be funded. Tuesday was the second day of a planned three-day series of scattered walkouts by Walgreens pharmacy staff. A Walgreens representative clarified to CNN that only managers were eligible for bonuses at pharmacies. “We are building on the company’s pharmacy strength and trusted brand to evolve healthcare delivery. Stefano Pessina, the former Walgreens CEO and current executive chair of the board, worth nearly $7 billion, made more than $8 million in compensation last year, according to Walgreens compensation filings with the Securities and Exchange Commission.
Persons: Manmohan Mahajan, , Fraser Engerman, Tim Wentworth, Neal Sample, Rosalind Brewer, Vincent Alban Vincent Alban, Reddit, Stefano Pessina, Shane Jerominski Organizations: New, New York CNN, Walgreens, Employees, CNN, Walgreens Boots Alliance, , Rite, CVS, REUTERS, Reuters, Securities and Exchange Commission, Labor, Reuters Labor, Workers, American Pharmacists Association Locations: New York, Deerfield , Illinois, U.S, Southern California, Deerfield, Il, Arizona , Washington , Massachusetts, Oregon
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should take advantage of stock market volatility in months ahead, says Mona MahajanEdward Jones’ Mona Mahajan and Ron Insana, Dynasty Financial and CNBC contributor, join 'Power Lunch' to discuss the markets.
Persons: Mona Mahajan Edward Jones ’ Mona Mahajan, Ron Insana Organizations: Financial, CNBC
NANDED, India, Oct 3 (Reuters) - Twelve infants died in one day at a hospital in the Indian state of Maharashtra, sparking a political storm on Tuesday with opposition politicians accusing the regional government and hospital authorities of negligence. "My brother's one-day old infant died on Sunday at the hospital, and he was the fifth baby to die. We saw four more babies die in front of us," said Yogesh Solanki, whose family brought the baby to the hospital. The dean of Shankarrao Chavan hospital, Shyamrao Wakode, did not respond to a Reuters request for comment on this allegation or opposition accusations of negligence, saying in a brief phone call that he had no time because a government minister was visiting the premises. In Shankarrao Chavan hospital on Tuesday, patients crowded the corridors and pigs roamed the premises outside, underlining the disarray at most government-run hospitals in the world's most populous country.
Persons: Yogesh Solanki, Solanki, Shyamrao Wakode, Wakode, Francis Mascarenhas, Girish Mahajan, Narendra Modi's, Rahul Gandhi, Francis Mascerehnas, Sakshi Dayal, Mark Heinrich Our Organizations: Hospital, Reuters, Medical College, REUTERS, BJP, World Health Organisation, Thomson Locations: NANDED, India, Indian, Maharashtra, Nanded, Mumbai, Chavan, Thane, New Delhi
[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 20, 2023. The 30-year bond was last up 11.8 basis points to yield 4.6397%, from 4.522%. The 2-year note was last was down 0.9 basis points to yield 5.1141%, from 5.123%. In currencies, the dollar index rose 0.455%, with the euro down 0.69% to $1.0578.Sterling was last trading at $1.22, down 0.31% on the day. In energy markets, oil prices edged lower in choppy trade on Monday as Russia relaxed its fuel ban, after earlier gains on a tighter supply outlook, while investors eyed elevated interest rates that could curb demand.
Persons: Brendan McDermid, Powell, Austan Goolsbee, Mona Mahajan, Edward Jones, Mahajan, Sterling, Kazuo Ueda, Brent, Sinéad Carew, Amanda Cooper, Stella Qiu, Himani Sarkar, Jacqueline Wong, Miral Fahmy, Mark Heinrich, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, U.S . Federal Reserve, Chicago Fed, Dow Jones, Nasdaq, Bank of Japan, Thomson Locations: New York City, U.S, Russia, New York, London
The CEO of hedge fund Renaissance Technologies used to ride a unicycle around the office. Peter Brown said staff once had to install mirrors in the office to stop him crashing into them. The hedge fund boss confirmed the story was true, before adding he no longer rode a unicycle anymore because he crashed and broke it. AdvertisementAdvertisementFounded in 1982, New York-based Renaissance Technologies is widely regarded as one of the world's most successful hedge funds. In the 45-minute podcast interview, Brown discussed some of his other working habits, including the amount of time he spent sleeping in the office and what he looks for in potential employees.
Persons: Peter Brown, Brown, Goldman Sachs, Raj Mahajan, Jim Simons, Bob Mercer, Simons Organizations: Technologies, Service, Goldman, IBM, Bloomberg Locations: Wall, Silicon, New York
CNBC Daily Open: Wall Street disagrees with main street
  + stars: | 2023-09-18 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +5 min
Gabby Jones | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] FOMC meeting this weekThe Federal Reserve's meeting on Wednesday will be the main event to keep an eye on for this week. "Investors remained upbeat about the outlook for stocks and the economy in August," according to a Vanguard Investor Expectations Survey. In that open space between breaths, equilibrium between Wall Street and main street may be reached.
Persons: Gabby Jones, Hong, Kospi, Joe Biden, there's, Edward Jones, Mona Mahajan, CNBC's, Mahajan, Ray, Greg Bassuk Organizations: New York Stock Exchange, Bloomberg, Getty, CNBC, Dow Jones, Index, Nikkei, China, European Central Bank, Federal Reserve, Bank of England, U.S, Initiative, FedEx, University of Michigan, Consumers, Survey, Dow Jones Industrial, Nasdaq, Dow Locations: New York, Asia, Pacific, China Venture, China, India, East, Europe
CNBC Daily Open: Wall Street versus main street
  + stars: | 2023-09-18 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +3 min
Spencer Platt | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The mood on Wall Street, however, is markedly different. Does Wall Street know something that ordinary U.S. consumers don't? In that open space between breaths, equilibrium between Wall Street and main street may be reached.
Persons: Spencer Platt, there's, Edward Jones, Mona Mahajan, CNBC's, Mahajan, Ray Dalio's, Greg Bassuk Organizations: New York Stock Exchange, Getty, CNBC, University of Michigan, Consumers, Survey, Dow Jones Industrial, Nasdaq, Dow Locations: New York City
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Apollo Global's Torsten Slok and Edward Jones' Mona MahajanTorsten Slok, Apollo Global Management chief economist, and Mona Mahajan, Edward Jones senior investment strategist, join 'Squawk on the Street' to discuss what to expect from next week's Federal Reserve meeting, what could be a risk ahead for equity investors, and more.
Persons: Apollo Global's Torsten Slok, Edward Jones, Mona Mahajan Torsten Slok, Mona Mahajan Organizations: Apollo Global Management, Reserve
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed will be reluctant to declare 'mission accomplished': Edward Jones' Mona MahajanTorsten Slok, Apollo Global Management chief economist, and Mona Mahajan, Edward Jones senior investment strategist, join 'Squawk on the Street' to discuss what to expect from next week's Federal Reserve meeting, what could be a risk ahead for equity investors, and more.
Persons: Edward Jones, Mona Mahajan Torsten Slok, Mona Mahajan Organizations: Apollo Global Management, Reserve
Futures connected to the Dow Jones Industrial Average added 32 points, or 0.09%. S&P 500 futures and Nasdaq-100 futures hovered near the flatline. The Dow jumped 331.58 points, or 0.96%, rising for the first time in three sessions and notching its best daily performance in over a month. Elsewhere, the headline producer price index grew 0.7% in August, coming in above economists' expectations for 0.4%, per Dow Jones. U.S. crude oil prices jumped nearly 2% and rose above $90 a barrel for the first time since November.
Persons: Dow, Dow Jones, Mona Mahajan, Edward Jones, eking, Stocks Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Adobe, Holdings, Dow, Industrial
According to Goldman's chief economist, Jan Hatzius, some 25% of all US workers work from home at least part of the week. So, which Wall Street firms are still letting employees work from home at least part of the time? On days employees are in, the firm focuses on taking "advantage of our shared location," it reads. At that time, the firm called for its employees to come into the office a minimum of three days a week. Since then, most employees have been in the office throughout the week, according to a person familiar with the firm.
Persons: Goldman Sachs, David Solomon, Citadel's Ken Griffin, Joe Biden, Jan Hatzius, Hatzius, Jamie Dimon, Goldman, Goldman Sachs Goldman Sachs, , Dimon, JPMorgan Gretchen Ertl, Jane Fraser, she's, Fraser, they're, Citigroup Patrick, Fallon, Brian T, Moynihan, Bank of America Shannon Stapleton, Reuters Morgan Stanley Morgan Stanley's, James Gorman, Gorman, Gorman doesn't, Morgan Stanley, we're, James Gorman SAUL LOEB, Larry Fink, Larry Fink Spencer Platt, Citadel's Griffin, Griffin, Raj Mahajan, Ken Griffin, Milken, Mike Blake, Blackstone, Stephen Schwarzman Roy Rochlin, Nir Bar Dea, Izzy Englander's Organizations: JPMorgan, Blackstone, Morning, Citadel, Bloomberg, Business, Deloitte, JPMorgan JPMorgan, Goldman, Citigroup, Street, Bank, Economic, Getty Images Bank of America Bank of, Bank of America, Reuters, Getty, BlackRock BlackRock, Yards, Labor, Fox, BlackRock, Citadel Securities, Blackstone Blackstone, Bridgewater Bridgewater Associates, Bridgewater Associates, Bridgewater Locations: Citadel, Davos, Switzerland, New York City
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're seeing a controlled market pullback right now, says Edward Jones' Mona MahajanMona Mahajan, Edward Jones senior investment strategist, joins 'Squawk on the Street' to discuss her forecast for August, what seems reasonable in expectations for next year, and more.
Persons: Edward Jones, Mona Mahajan Mona Mahajan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe think the market is in the beginning stages of a bull market phase: Edward Jones' Mona MahajanMona Mahajan, Edward Jones senior investment strategist, joins 'Squawk Box' to discuss the latest market trends, rest of year outlook, and more.
Persons: Edward Jones, Mona Mahajan Mona Mahajan
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket gains could start broadening into cyclical sectors like financials: Edward Jones' MahajanMona Mahajan, Edward Jones senior investment strategist, and Sameer Samana, Wells Fargo Investment Institute senior global market strategist, joins 'Closing Bell Overtime' to talk earnings, the banking sector, the markets as a whole and more.
Persons: Edward Jones, Mona Mahajan, Sameer Samana Organizations: Email, Wells Fargo Investment Institute Locations: Wells Fargo
Wednesday's CPI report showed U.S. consumer prices registered their smallest annual increase in more than two years. The reports have helped to support the view the Federal Reserve will stop hiking rates after an expected 25 basis points rate increase later this month. Technology-related shares provided the most support to the S&P 500, and an index of tech-focused shares including megacaps (.NYFANG) gained 2.7% and registered a record high close. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 7, 2023. The S&P 500 posted 51 new 52-week highs and one new low; the Nasdaq Composite recorded 135 new highs and 39 new lows.
Persons: Mona Mahajan, Edward Jones, Brendan McDermid, JPMorgan Chase, Alan Lancz, Alan B, Bard, Caroline Valetkevitch, Johann M Cherian, Sinead Carew, Shashwat Chauhan, Saumyadeb Chakrabarty, Maju Samuel, Deepa Babington Organizations: Dow, Nasdaq, Federal Reserve, PPI, . Technology, Dow Jones, Nvidia, New York Stock Exchange, REUTERS, JPMorgan, Lancz, Associates Inc, Air Lines, PepsiCo, Google, Inc, U.S, NYSE, Thomson Locations: U.S, Philadelphia, New York City, Toledo , Ohio, Europe, Brazil, Bengaluru, New York
Wednesday's CPI report showed U.S. consumer prices registered their smallest annual increase in more than two years. The reports have helped to support the view the Federal Reserve will stop hiking rates after an expected 25 basis points rate increase later this month. "PPI is another confirmation this week that inflation continues to trend in the right direction even as we see better overall labor market and consumer data. According to preliminary data, the S&P 500 (.SPX) gained 37.73 points, or 0.84%, to end at 4,509.89 points, while the Nasdaq Composite (.IXIC) gained 219.35 points, or 1.58%, to 14,138.31. Delta Air Lines (DAL.N) shares gained after it lifted its full-year profit outlook following stronger-than-expected second-quarter earnings on a relentless post-pandemic travel boom.
Persons: Mona Mahajan, Edward Jones, JPMorgan Chase, Alan Lancz, Alan B, Bard, Caroline Valetkevitch, Johann M Cherian, Sinead Carew, Shashwat Chauhan, Saumyadeb Chakrabarty, Maju Samuel, Deepa Babington Organizations: Delta Air Lines, Federal Reserve, PPI, Nasdaq, Dow Jones, Nvidia, JPMorgan, Lancz, Associates Inc, Air Lines, PepsiCo, Google, Inc, Thomson Locations: Philadelphia, Toledo , Ohio, Europe, Brazil, Bengaluru, New York
The S&P 500 defied recession fears and a U.S. banking crisis to notch a 15.9% gain in the first half. The S&P 500 (.SPX) has posted a positive return in eight consecutive Julys, and the tech-heavy Nasdaq 100 index (.NDX) has climbed in July for 15 straight years. S&P 500 companies are expected to post an overall drop in earnings of 5.7% from the year-earlier period, according to Refinitiv IBES. The S&P 500 is trading at 19.1 times forward earnings estimates, well above its historic average P/E of 15.6 times, according to Refinitiv Datastream. "At some point, this move in interest rates has got to have some consequences for the markets," Matt Maley, chief market strategist at Miller Tabak, said in a note on Friday.
Persons: Brendan McDermid, , Mona Mahajan, Edward Jones, Omar Aguilar, Refinitiv IBES, , John Lynch, Refinitiv, Matt Maley, Miller Tabak, Lewis Krauskopf, Ira Iosebashvili, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Federal, Nasdaq, ” Reuters, American Association of, Fed, Schwab Asset Management, Apple, Microsoft, Nvidia, Comerica Wealth Management, Treasury, Deutsche Bank, UBS Global Wealth Management, UBS, Thomson Locations: New York City, U.S
Stronger than expected economic data pushed Treasury yields higher and steered investors toward economically sensitive sectors as recession fears eased. But buyers shied away from some rate-sensitive growth sectors due to concerns the Fed would keep interest rates higher for longer. After a health check showed that the biggest U.S. banks have enough capital to weather a severe economic slump the S&P 500 banks index (.SPXBK) closed up 2.6%. The Dow Jones Industrial Average (.DJI) rose 269.76 points, or 0.8%, to 34,122.42, the S&P 500 (.SPX) gained 19.58 points, or 0.45%, to 4,396.44 and the Nasdaq Composite (.IXIC) dropped 0.42 points to 13,591.33. The S&P 500 posted 44 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 90 new highs and 90 new lows.
Persons: Mona Mahajan, Louis, Edward Jones, Russell, Jerome Powell, Brendan McDermid, Air Jordan, Sinéad Carew, Sruthi Shankar, Johann M, Shinjini Ganguli, David Gregorio Our Organizations: Dow, Nasdaq, St, Dow Jones, New York Stock Exchange, REUTERS, Brendan McDermid Traders, Reuters, Nvidia, Microsoft, SOX, Micron Technology, Occidental Petroleum, Berkshire Hathaway Inc, Nike, Air, LeBron, NYSE, Thomson Locations: New York City, U.S, megacaps, Philadelphia, New York, Bengaluru
[1/5] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 29, 2023. REUTERS/Brendan McDermidJune 29 (Reuters) - The Dow and the S&P 500 rose on Thursday as bank shares rallied after major lenders cleared the Federal Reserve's annual stress test, while strong economic data stoked expectations of further interest rate hikes from the central bank. Stronger than expected economic data pushed Treasury yields higher and steered investors toward economically sensitive sectors as recession fears eased. Buyers shied away from rate-sensitive growth sectors due to concerns that the Fed would keep interest rates higher for longer. After a health check showed that the biggest U.S. banks have enough capital to weather a severe economic slump the S&P 500 banks index (.SPXBK) gained.
Persons: Brendan McDermid, Buyers, Mona Mahajan, Louis, Edward Jones, Jerome Powell, underpeformed, Sinéad Carew, Sruthi Shankar, Johann M, Shinjini Ganguli, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Dow, St, Nasdaq, Dow Jones, Traders, Reuters, Microsoft, Micron Technology, Occidental Petroleum, Berkshire Hathaway Inc, Nike, Thomson Locations: New York City, U.S, megacaps, Philadelphia, New York, Bengaluru
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Tom Lee and Mona Mahajan on Thursday's market actionTom Lee, Fundstrat Global Advisors co-founder, and Mona Mahajan, Edward Jones senior investment strategist, join 'Closing Bell Overtime' to recap today's market movement, Adobe earnings, and what the Federal Reserve's next move might be.
Persons: Tom Lee, Mona Mahajan, Edward Jones Organizations: Fundstrat Global Advisors, Federal
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStock market doesn't need soft landing to expand, says Edward Jones' Mona MahajanTom Lee, Fundstrat Global Advisors co-founder, and Mona Mahajan, Edward Jones senior investment strategist, join 'Closing Bell Overtime' to recap today's market movement, Adobe earnings, and what the Federal Reserve's next move might be.
Persons: Edward Jones, Mona Mahajan Tom Lee, Mona Mahajan Organizations: Email, Fundstrat Global Advisors, Federal
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