Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Best Local Bank Mechanics


25 mentions found


While Wall Street widely expects the Fed to cut rates after its meeting later this week, it remains up in the air how large the cut will be. Some expect a 25 basis-point cut, while others are hoping for a 50 basis-point cut. According to Cramer, investors took profits in tech and bought cyclical stocks because many anticipate a higher rate cut. He suggested that if the Fed decides to cut rates by 0.25%, investors will shift back into tech, and Monday's winners will suffer. It flows right back to where it came from: The tech stocks that got sold today," he said.
Persons: CNBC's Jim Cramer, Cramer, there's, Don't, it's Organizations: Federal Reserve, Dow Jones Industrial, Nasdaq, Toll Brothers
(This is a wrap-up of the key money moving discussions on CNBC's "Worldwide Exchange" exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day) Worldwide Exchange Word of the Day: Fed Mimi Duff from GenTrust said the Federal Reserve decision on Wednesday will dominate the market action this week. Even as the Fed is expected to enter a rate cutting cycle, Duff sees the biggest opportunities in defensives like consumer staples and healthcare. INTC 1D mountain Intel, 1 day Intel continues to be a laggard in the chip space with shares down 60% year to date.
Persons: Mimi Duff, GenTrust, Duff, Jerome Powell, Big Tech Alan McKnight, Jackson, mMoney, McKnight Organizations: PRO, Worldwide, Federal, Big Tech, Regions Bank, Big, Intel, Bloomberg, Pentagon
Washington CNN —It’s a pivotal week for the US economy, with the Federal Reserve expected to cut interest rates for the first time since 2020. Fed officials and investors have long anticipated that borrowing costs would come down in 2024 — at some point — according to their economic forecasts. But nine months in, rate cuts still haven’t happened, drenching Wall Street’s parade and leaving US consumers squeezed by elevated interest rates. Here’s why the Fed didn’t cut soonerIt’s simple: The Fed didn’t cut interest rates sooner because it could have reignited inflation or left it stuck above the central bank’s target. Bond yields, which move in anticipation of the Fed’ decisions on rates, have come down over the past several weeks based on signs encouraging the Fed to cut rates, such as weaker-than-expected employment data and cooling inflation.
Persons: Washington CNN — It’s, it’s, ” Oscar Muñoz, ” Muñoz, Jerome Powell, Powell, Donald Trump, Joe Biden, “ Jerome Powell’s, ” Philipp Carlsson Organizations: Washington CNN, Federal Reserve, Fed, Wall, TD Securities, CNN, Kansas City, Capitol, White, Boston Consulting Group Locations: , Jackson Hole , Wyoming
MUFG Bank says it expects a 50-basis-point Fed rate cut
  + stars: | 2024-09-16 | 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 EmailMUFG Bank says it expects a 50-basis-point Fed rate cutEhsan Khoman, director and head of MENA research at MUFG Bank, says the U.S. Federal Reserve is likely to "go heavy."
Persons: Ehsan Khoman Organizations: MUFG, MUFG Bank, U.S . Federal
I ordered a strip steak and a Caesar salad at STK and Capital Grille to compare the chains. STK served one of the best steaks I've ever had, but the meal there was twice as expensive. The Caesar salad at Capital Grille was excellent, but I really wasn't impressed by its steak. Go to newsletter preferences Thanks for signing up! AdvertisementBoth STK Steakhouse, which has 20 locations in the US and a few more overseas, and Capital Grille, which has over 70 locations across the States, Mexico, and Costa Rica, have much to offer their diners.
Persons: Caesar, STK, Organizations: Service, Business Locations: States, Mexico, Costa Rica, Midtown Manhattan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDonovan: Political violence generally doesn't influence election outcomes. Paul Donovan, Chief Economist at UBS Global Wealth Management and a member of the bank's Election Watch 2024 research team, believes political violence, like assassination attempts, generally doesn't influence election outcomes.
Persons: Donovan, Paul Donovan Organizations: UBS Global Wealth Management
CNN —At least 10 people have been killed in some of the worst floods to hit central Europe in decades as Storm Boris sweeps through the region, dumping well over a month’s worth of rain. Across the border in the Czech Republic, thousands of residents have been left without hot water and electricity after authorities shuttered heating plants. Authorities are also alarmed by the situation in the Czech town of Litovlje, where 80% of buildings are submerged. The town’s mayor, Viktor Kohout, told CNN Prima that the Morava river is expected to crest at 2 p.m. local time (8 a.m. Police have extensively “warned the public about the danger” of walking along the river, a Bratislava Police spokesperson told CNN on Monday.
Persons: Boris, , Johanna Mikl, Leitner, Jaroslav Ozana, Kacper Pempel, Wladyslaw Kosiniak, Kamysz, Viktor Kohout, Sergei Gapon, Zdenek Kuzilek, Viktor Orban, Orban, ” Orban Organizations: CNN, Veolia, CNN Prima, ” Firefighters, Moravska Ostrava, Reuters, TVN24, Polish, PAP, Authorities, Getty, Danube . Police, Bratislava Police Locations: Europe, Austria, Poland, Czech Republic, Hungary, Ostrava, Polish, Lower Austria, ” Lower Austria, Privoz, Nysa Klodzka, Nysa, Reuters Europe, Klodzko, Czech, Litovlje, Jesenik, Rudawa, AFP, Budapest, Slovakian, Bratislava
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRBI Governor: Monitoring for any signs of stress in banking sectorShaktikanta Das, the Governor of the Reserve Bank of India, spoke at length about the strict regulation of the NBFC sector, highlighting the RBI's commitment to maintaining India's financial stability.
Organizations: Shaktikanta Das, Reserve Bank of India
“The Secret Service needs more help,” Biden told reporters while leaving the White House on Monday. Chip Somodevilla/Getty ImagesActing US Secret Service Director Ronald Rowe met with Trump and local law enforcement on Monday in Florida. Secret Service Director Kimberly Cheatle resigned in the fallout from the assassination attempt, leading to Rowe’s appointment as acting director. Those concerns were underscored by details revealed Monday about the suspected shooter’s whereabouts before he was ultimately spotted by Secret Service agents. Moskowitz said Sunday that the Secret Service needed to consider taking more drastic measures, such as shutting down a significantly wider perimeter.
Persons: Donald Trump, he’s, He’s, Jared Moskowitz, CNN’s Anderson Cooper, Joe Biden, ” Biden, Chip Somodevilla, Ronald Rowe, Rowe, ” Rowe, “ there’s, Trump, , there’s, , Trump’s Butler, Kimberly Cheatle, Ryan Wesley Routh, Jonathan Wackrow, Ric Bradshaw, ” Bradshaw, Joe Raedle, Obama, Bush, Clinton, ” Wackrow, Butler, Cheryl Tyler, CNN’s Wolf Blitzer, ” Tyler, protectee, Robyn Beck, Moskowitz, ” Moskowitz, Biden, Ro Khanna, CNN’s Holmes Lybrand, Kristen Holmes, Whitney Wild Organizations: CNN, Republican, Secret, Trump, Florida Democrat, Service, White, House, Trump’s, Trump International Golf, Nissan, Secret Service, Martin County Sheriff’s, Martin County Sheriff's, Facebook, United Nations General Assembly, White House Communications Agency, Department of Defense, Trump National Golf Club Los, Getty, ” Agency, , California Democrat, Congress Locations: Palm, Butler , Pennsylvania, Florida, Congress, Washington ,, Lago, Trump, Martin County, Iran, New York City, Mar, Palm Beach, Beach, West Palm Beach , Florida, Butler, Rancho Palos Verdes , California, AFP, California
Gold prices at all-time highs as traders eye deeper U.S. rate cut
  + stars: | 2024-09-16 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices climbed to a two-week high on Thursday as U.S. Federal Reserve Chair Jerome Powell opened the door to cutting interest rates as early as September. Gold prices surged to record highs on Monday, driven by a softer dollar and expectations of a larger interest rate reduction by the U.S. Federal Reserve this week. Spot gold was up 0.5% at $2,588.29 per ounce, as of 0551 GMT, after hitting an all-time high of $2,589.23 earlier in the session. This would be Fed's first rate cut since 2020. Zero-yield bullion tends to be a preferred investment amid lower interest rates and geopolitical turmoil.
Persons: Jerome Powell, Tim Waterer, Donald Trump Organizations: Federal, U.S . Federal Reserve, KCM, Bank of England, Bank of Japan, Republican, FBI Locations: China, Japan, Indonesia, Malaysia, South Korea
The AI boom will nearly double demand for copper, mining firm BHP told the Financial Times. Copper is a necessary material for electrification, and AI data centers will require power capacity to expand. Chief Financial Officer Vandita Pant told the Financial Times that AI data centers will account for 6% to 7% of copper demand by 2050. These conditions caused copper prices to peak to a record high in May, though China's economic tumble has helped deflate prices to $9,207 a ton. Previously, the bank also considered copper prices to benefit from the expansion of AI data centers.
Persons: , Vandita Pant Organizations: BHP, Financial Times, Service, Lundin Mining, Bank of America
I applied for a green card after working on my H-1B visa for a year. By this point, I had lived in the US for about six years and created a whole life here, but the green card process was very painful. The process makes life pretty horribleHaving a work visa and going through the green card process are privileges, but it is very hard to separate the emotional component. Luckily, Microsoft paid for the attorneys in the green card process, and no cost came out of my pocket. In 2022, I finally received my green card after three years.
Persons: , Andres Pico, I'm, Lauryn Haas Organizations: Service, Business, ACT, University of South, of Hispanic Professional Engineers, Virginia Tech, Microsoft, Verizon, Deutsche Bank, Disney, Starbucks, lhaas Locations: Seattle, Manta, Ecuador, University of South Florida, Tampa
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed Chair Powell is 'probably sympathetic' to a 50 basis point rate cut: JPMorgan's Kelsey BerroKelsey Berro, JPMorgan Asset Management fixed income portfolio manager, joins 'Squawk Box' to discuss the Fed's interest rate decision this week, what to expect from the central bank meeting, rate path outlook, state of the economy, latest market trends, and more.
Persons: Powell, JPMorgan's Kelsey Berro Kelsey Berro Organizations: JPMorgan, Management
Australian former F1 driver Mark Webber partakes in Ricciardo's infamous 'Shoey' celebration, drinking champagne out of Ricciardo's race boot. Ricciardo became the 14th Australian driver to start a race when he made his debut for HRT F1 Team in 2011. He replaced Dutchman Nyck de Vries mid-season at the junior team, renamed to AlphaTauri and rebranded as the “sister team” to Red Bull. Red Bull realitiesRicciardo’s return to Red Bull marked a full circle moment for the Aussie, having joined the team’s academy in 2008. Despite having a contract for the next two seasons, incumbent Red Bull second driver Sergio Pérez is on the hotseat after recent struggles.
Persons: CNN — Daniel Ricciardo, , Sebastian Vettel, Ricciardo, Honey, ” Ricciardo, , Rudy Carezzevoli, Blake Mills, Blake, “ He’s, , “ Josh, I’ve, , I’m, Mark Webber partakes, Mark Thompson, Jack Brabham, Alan Jones, Mark Webber, Oscar Piastri, Jack Doohan, Toro Rosso, Webber, Vettel, Lewis Hamilton, Nico Rosberg, Red Bull, Max Verstappen, Lando Norris, McLaren’s, Bull, Nyck de Vries, it’s, Peter Fox, don’t, you’re, “ I’ve, De Vries, Alex Albon, Pierre Gasly, ‘ Let’s, ’ ”, Red, Liam Lawson, Sergio Pérez Organizations: CNN, Red Bull, CNN Sport, Brabham, HRT, McLaren, Australian, Bull’s, Austrian, Mercedes, Monaco, Renault, Prix, Formula, One Locations: Perth, Western Australia, Ngilgi, Australia, Ricciardo's, Australian, Melbourne, Canada, Hungary, Belgium, Monaco, British, Hungarian, Europe
Oxfam recently released its Best and Worst States to Work in the U.S. report, which considers criteria like minimum wage, paid leave and the ability to organize. "There are vast disparities and access to critical workplace protections that vary by state," says Inimai Chettiar, president of the work-family justice organization A Better Balance. Oxfam then narrowed in on policies that have an outsized effect on women and women of color, specifically, to rank the best states for female employees. Oxfam examined each state's tipped minimum wage, for example, as nearly seven in 10 tipped workers are women, according to the National Women's Law Center. Nevada"I think these states generally have been a little bit more forward thinking in terms of their leave and discrimination policies," says Chettiar.
Persons: Inimai Chettiar, Kaitlyn Henderson, Mason, Dixon, there's Organizations: Oxfam, States, D.C, National Women's Law, National Center for Education Statistics, Oregon, of Columbia, Illinois, Minnesota, Washington, Connecticut, Massachusetts, CNBC Locations: U.S, Washington, California, Oregon, . New York, Nevada, South Carolina, Tennessee
According to CME FedWatch, which estimates interest rate changes based on market predictions, the size of the rate cut is a coin toss. As of Friday afternoon, there's a 51% chance the Federal Reserve will cut rates by 25 basis points and a 49% chance it'll be an extra-large 50-basis-point cut. That's because a larger rate cut makes borrowing cheaper, which tends to drive up spending and fuel price increases. Rate cuts will also eventually make it cheaper for small businesses to take out loans. A rate cut could cause a rush of buyers to enter the market in the short term, driving up prices and competition.
Persons: Jerome Powell, Michael Madowitz, she's, McTier, it'll, Mark Hamrick, Banks, Hamrick, NerdWallet, Sara Rathner Organizations: Service, Federal, CME FedWatch, Federal Reserve, Business, Washington Center for Equitable Growth, Fed, Consumer Financial, Bureau, asheffey Locations: Jackson Hole , Wyoming, McTier
Kevin Dietsch | Getty ImagesA flurry of major central banks will hold monetary policy meetings this week, with investors bracing for interest rate moves in either direction. The U.S. central bank is widely expected to join others around the world in starting its own rate-cutting cycle. Elsewhere, Brazil's central bank is scheduled to hold its next policy meeting across Tuesday and Wednesday. Traffic outside the Central Bank of Brazil headquarters in Brasilia, Brazil, on Monday, June 17, 2024. The central bank delivered its first interest rate cut in more than four years at the start of August.
Persons: Jerome Powell, William McChesney Martin, Kevin Dietsch, John Bilton, CNBC's, Bilton, David Volpe, Volpe, 25bps, Wilson Ferrarezi, BOE, Ruben Segura Cayuela Organizations: Federal Reserves, Washington , D.C, Federal, Traders, The Bank of England, Norway's Norges Bank, South Africa's, Bank, Bank of Japan, Morgan Asset Management, European, Bank of England, ECB, Emerald Asset Management, Banco Central, TS Lombard, Central Bank of, Bloomberg, Getty, Reuters, Bank of America Locations: Washington ,, U.S, Brazil's, Brazil, Central Bank of Brazil, Brasilia, South Africa, Norway, Japan
New York CNN —Amazon is demanding that its corporate employees return to the office five days a week, a significant change from its current pandemic-era hybrid policy that requires them to be in the office just three days a week. Jassy has previously advocated that employees work in the office, writing that a physical presence improves company culture. Last year, some corporate workers staged a walkout at its Seattle headquarters, citing multiple grievances, including the push to get workers back in the office at least three days a week. The walkout in May 2023 also occurred months after the company confirmed it was laying off some 27,000 workers over multiple rounds of cuts. Although companies in certain sectors, particularly on Wall Street, have emphasized a full return, companies have largely let up on demanding that employees work five days a week in the office.
Persons: Andy Jassy, Jassy, , ” Jassy Organizations: New, New York CNN, Conference Board Locations: New York, Seattle
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are not artificially keeping the Indian Rupee strong, says RBI GovernorShaktikanta Das, Reserve Bank of India's Governor discusses the reasons behind Indian Rupee's relative stability against the U.S. dollar the past 2 years.
Persons: Shaktikanta Das Organizations: Reserve Bank, India's, U.S .
New York CNN —Shares of Donald Trump’s social media company are experiencing another bout of turbulence following the latest assassination attempt against the former president and face of Truth Social. Experts have compared Trump Media to a meme stock because it tends to trade on sentiment and hype, not fundamentals. And even though it brings in little revenue, the conservative social media company continues to be valued in the billions of dollars. Trump Media finished the day up by 12%, its best performance in three weeks. Investors who bought Trump Media when it went public this March remain deeply in the red.
Persons: Donald Trump’s, ” Trump, Trump, Trump’s Organizations: New, New York CNN, Trump Media & Technology, Trump, Trump Media, Nasdaq Locations: New York
Read previewSome Amazon employees took to an internal Slack channel to blast the company after it announced plans to require corporate employees to work in the office five days a week. One staffer was so upset they issued a plea to Business Insider, which has covered Amazon's RTO crackdown extensively. Other Amazon workers weighed in, too, on a company Slack channel dedicated to RTO-related topics. Amazon's RTO policy was already strict, but Jassy just doubled down hard on the company's in-office approach. "Can I negotiate my manager to PIP me," one employee wrote in reference to Amazon's famously ruthless performance improvement plan.
Persons: , Andy Jassy's, Slack, It's, Jassy, Amazon's, Andy Jassy, Jeff Bezos's, Bezos, Ashley Stewart Organizations: Service, Business, Google, Amazon
How long the strike lasts will determine how serious the problems are for Boeing. Boeing has a long way back to profitability, no matter how long the strike lasts. So as bad as the strike might be for Boeing, it has plenty of other problems to deal with. So even with financial problems that might kill another company, Boeing isn’t going anywhere. The strike could last a whileNegotiations between Boeing, the union and federal mediators are expected to resume early this week.
Persons: Brian West, Boeing’s, Fitch, Moody’s, Poor’s, Richard Aboulafia, ” Aboulafia, ” Jim Bloomer, Max, , you’ve, Organizations: New, New York CNN, Boeing, Federal Aviation Administration, Airbus, CNN Locations: New York, Washington, Renton , Washington
We'll show you how to watch the Falcons vs. Eagles from anywhere, including free streaming options. How to watch Falcons vs. Eagles in the USThe Falcons vs. Eagles game will air on Monday at 8:15 p.m. If you don't have cable, you can live stream the game through a live TV package like Sling TV or Fubo. Sling TV is one of the cheaper live TV services out there. Users will just need to create a login, and then they're all set to start live streaming.
Persons: ExpressVPN Organizations: Business, Monday, Falcons, Eagles, Atlanta Falcons, Pittsburgh Steelers, Super Bowl, Philadelphia Eagles, Green Bay Packers, NFL, US, ESPN, ESPN2, ESPN3, ESPN Deportes, DAZN's Locations: Atlanta, Philly, British
Beauty CEO Tarang Amin told CNBC's Jim Cramer on Monday that the company has performed well even as the cosmetics industry goes through a rough patch, stressing the budget-conscious nature of the products. The company's most recent quarter beat expectations and the beauty retailer said it saw sales grow by 50%. Amin said the company posted 22 consecutive quarters of net sales growth and market share growth. Some beauty companies have reported a slowdown in consumer spending, and Amin said the category is seeing "softness," down 6%. We'll do the same this time, and the only other big difference is we continue to diversify our supply chains."
Persons: Tarang Amin, CNBC's Jim Cramer, Amin, Gen Z, Roblox Organizations: Alpha Locations: U.S, China
US stocks ended mixed on Monday ahead of the start of the Fed's two-day policy meeting. The Fed is widely expected to deliver a rate cut of 25 or 50 basis points at the end of its meeting on Wednesday. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementStocks close mixed on Monday as traders and investors prepared for the start of the Federal Reserve's highly anticipated policy meeting. The Federal Open Market Committee, the Fed's rate-setting group, is expected to deliver an interest rate cut at 2 p.m. on Wednesday.
Persons: , Savita Subramanian, Apple, Morgan Stanley, Z Organizations: Apple, Service, Federal, Market Committee, Bank of America, Tech, Nasdaq, Broadcom, Nvidia, Micro, Micron Technology Locations: Here's
Total: 25