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

Search resuls for: "Financial"


25 mentions found


Three Wall Street banks have taken differing views on gold's trajectory in 2025, reflecting the complex economic outlook. Goldman Sachs expects the price of the yellow metal to reach $3,000 per ounce by December 2025, saying "Go For Gold" in a note from Nov. 17. The gold price has declined by 7% since late October as the risk of a disputed U.S. election result diminished. While maintaining a positive outlook on gold, UBS warned that its gains — gold had risen 35% this year until November — could slow down. Goldman Sachs pointed to a fivefold increase in central bank gold purchases, driven by concerns about financial sanctions and sovereign debt sustainability.
Persons: Goldman Sachs, Donald Trump's, Goldman, Daan Struyven, Karen Ward, Ward, Arend Kapteyn, Bhanu Baweja, — CNBC's Michael Bloom Organizations: Trump, JPMorgan Asset Management, UBS Locations: U.S, Europe, Middle East, Africa, Switzerland, Russia, Ukraine
A higher economic growth rate could theoretically boost the government's tax take without the need to raise taxes further, because overall revenues would be higher. The OBR now expects U.K. real GDP growth of 1.1% in 2024, followed by expansion of 2% in 2025, before falling to 1.5%. The Labour government did not immediately respond to CNBC's request for comment on further possible tax changes. 'Desperate' growth ratesThe U.K. economy barely grew in the third quarter, eking out a less-than-expected 0.1% expansion, data from the Office for National Statistics showed Friday. We've had 1% growth, or around 1% growth now since the Financial Crisis.
Persons: Rachel Reeves, James Smith, CNBC's, John Grieve, Reeves, Gieve, , Labour's, ING's Smith, We've Organizations: Treasury, Getty, Labour, Finance, ING, of, CNBC, National Insurance, Office, National Statistics, Gross Locations: London, England
Jonson: 4% comp sales show Walmart's quality and value
  + stars: | 2024-11-19 | 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 EmailJonson: 4% comp sales show Walmart's quality and valueZach Jonson, CIO of Stack Financial Management, calls Walmart a strong hold, citing its 4% sales growth, grocery dominance, and resilience in downturns.
Persons: Jonson, Zach Jonson Organizations: Stack Financial Management, Walmart Locations: downturns
CNN —If you planned on traveling aboard Spirit Airlines for the holidays, which filed for bankruptcy Monday, you shouldn’t worry. Multiple US airlines have undergone bankruptcies over the years, including United Airlines in 2002, Delta Air Lines in 2005 and American Airlines in 2011. That same low fare model pushed competitors at legacy airlines to offer options for basic economy tickets, tickets that compare to Spirit’s prices but come with restrictions. She said the stigma of bankruptcy may impact Spirit going forward with travelers uncertain of its future. For now, travelers shouldn’t stress as the airline begins to navigate bankruptcy, as it seems like a pretty standard bankruptcy filing, according to Foss.
Persons: Zach Griff, Guy, , ” Griff, I’m, , Ted Christie, Griff, Sarah Foss, Debtwire, Foss, ” Foss Organizations: CNN, Spirit Airlines, United Airlines, Delta Air Lines, American Airlines, Frontier Airlines, JetBlue Airways, Frontier Locations: Frontier
Yet, some experts say they are seeing a renewal of so-called animal spirits. "Animal spirits" is a term first coined by economist John Maynard Keynes and refers to the tendency for human emotion to drive investment gains and losses. watch nowSome experts say animal spirits are a sign of consumer confidence. "It's essentially why dead investors outperform living investors, because dead investors are not impacted by their animal spirits," Klontz said. Research has shown dead investors' portfolios tend to outperform, since they are left untouched because they are less likely to be influenced by emotional decisions, such as panic selling or buying.
Persons: Timothy A, Clary, Donald Trump, John Maynard Keynes, Brad Klontz, Klontz, Scott Wren, Wells, Wren, , We're Organizations: New York Stock Exchange, Getty, Trump, Dow Jones, Research, Investors Locations: Wells Fargo, U.S
The return of DCM activity signals that borrowers are gearing up for corporate dealmaking to return. Goldman's global head of financing broke down the trends in an interview with BI. On Wall Street, corporate borrowing is on a roll. Many of those clients are large companies or organizations being advised by Goldman's investment bankers, which means the DCM business is directly reliant on deal flow. AdvertisementGoldman CEO David Solomon ran Goldman's leveraged finance group before taking over its financing business, including debt and equity capital markets and derivatives.
Persons: Goldman Sachs, Donald Trump, Vivek Bantwal, Bantwal, We've, we've, Goldman, David Solomon, David Solomon Jeenah Moon, Denis Coleman, refinancings, weren't Organizations: University of Pennsylvania's Wharton School, Getty, Underwriters, Wall, Bloomberg, Getty Images Goldman, Goldman, Blue
Walmart 's CFO, John David Rainey, said the retailer could have to raise prices on some items if President-elect Donald Trump's proposed tariffs take effect. "We never want to raise prices," he said in an interview with CNBC on Tuesday. Beauty CEO Tarang Amin told CNBC in an interview earlier this month that the company could be forced to raise prices if the higher duties take effect. The majority of goods Walmart sells are not at risk of tariffs. "Tariffs, though, are inflationary for customers, so we want to work with suppliers and with our own private brand assortment to try to bring down prices."
Persons: John David Rainey, Donald Trump's, Rainey, Lowe's, Walmart's, Brandon Sink, Marvin Ellison, it's, We're, We've, Matthew Shay, Tarang Amin, Steve Madden, Gabrielle Fonrouge Organizations: Walmart, Walmart Inc, CNBC, National Retail Federation Locations: Martinez , California, U.S, China
Geopolitics are raining on the stock market's parade, but other trades are working. U.S. stock futures fell Tuesday as tensions between Ukraine and Russia intensified. S & P 500 and Nasdaq-100 futures shed 1.1% each. That said, four trades are holding up against this backdrop: Gold futures rallied nearly 1% to around $2,640 per ounce. If geopolitical pressure continues to rise, the four trades above could outperform as 2024 wraps up.
Persons: Vladmir Putin, , DAX, Treasurys, Vladimir Putin's, Peter Boockvar, Cory Kasimov, Robert F, Kennedy Jr, Kasimov Organizations: Dow Jones Industrial, Nasdaq, Global, France's CAC, Bleakley Financial, ISI, Department of Health, Human Services Locations: Ukraine, Russia, Russian, U.S, Europe
New York AP —The leader of a New York City church where pop star Sabrina Carpenter filmed provocative scenes for a music video was stripped of his duties Monday after church officials said an investigation revealed other instances of mismanagement. Released on October 31, 2023, the “Feather” music video revolves around men behaving badly toward Carpenter before meeting grisly deaths. Among them is an ongoing investigation into Gigantiello’s use of a church credit card for “substantial” personal expenses, he said. Meanwhile, the commotion set off by her music video hasn’t been lost on Carpenter. She made light of it during a concert at Madison Square Garden in late September, just days after Adams became the first New York City mayor indicted while in office.
Persons: Sabrina Carpenter, Monsignor Jamie Gigantiello, , Bishop Robert Brennan, Gigantiello, Eric Adams ’, Brennan, , Alvarez, Cromwell, Bishop Witold Mroziewski, Mroziewski “, Adriana Rodriguez, Carpenter, monsignor, Frank Carone, Adams, Carone, hasn’t, cheekily Organizations: York AP, Roman Catholic Diocese of, New York City, Marsal, Sullivan, New, Disney Channel, Federal, Madison, Garden Locations: New York City, Williamsburg, Brooklyn, Roman Catholic Diocese of Brooklyn, New York, Carmel, , Parish, Queens, , Manhattan
Nvidia earnings results this week are more important to the stock market than the Federal Reserve or even jobs data, according to the options market. But Jensen Huang's company remains crucially important to the market, according to Wall Street firms tracking the options market. NVDA 1D mountain Nvidia The options market shows an implied move of 8% for Nvidia, according to Barclays. For investors, how Nvidia moves could determine what is next for a market that has been flagging lately following the postelection rally, according to Bank of America Securities' Asis. Asis recommends hedging against the earnings results in case Nvidia disappoints.
Persons: Jensen, Gonzalo Asis, Asis, Stefano Pascale Organizations: Federal Reserve, U.S, Wall, Bank of America Securities, Sunday, Nvidia, CPI, Barclays, Bank of America, Apple, Microsoft Locations: Asis
Full coverage car insurance provides liability insurance and coverage for your car (collision and comprehensive). Best Cheap Full Coverage Car Insurance for Discounts: Farmers Auto InsuranceWhile other providers list less than 12 car insurance discounts, Farmers has over 23. Tips for Finding the Cheapest Full Coverage InsuranceFull coverage car insurance is more expensive than the minimum coverage. Cheap Full Coverage Car Insurance Frequently Asked QuestionsWhat does full coverage car insurance consist of? The standard full coverage car insurance consists of liability insurance, collision insurance, and comprehensive insurance.
Persons: we've, Chubb, GEICO, It's, Read, USAA, you'll, JD Power Organizations: Farm Auto Insurance, State, Farm, State Farm, Farmers Auto Insurance, Farmers, Insurance, Owners, Auto, Drivers, Luxury Vehicles, Chubb, People, Poor, GEICO, Customer Service, Erie Auto Insurance, North Central, District of Columbia, Military, Auto Insurance Military, National Guard Reserve, . Insurance, Toyota, JD, Better Business Bureau, Consumer Affairs Locations: Rhode Island and Massachusetts, New York, California, Erie, North, Chevron
What the charts say about Nvidia before earnings
  + stars: | 2024-11-19 | by ( Todd Gordon | ) www.cnbc.com   time to read: +4 min
Since early last year Nvidia (NVDA) has become the Super Bowl of earnings and like the actual big game, it comes right at the end of the season. Fundamental outlook The analyst community is looking for Nvidia to report 75 cents in EPS on $33.13 billion in revenue, according to FactSet. Nvidia charts The prior quarter's growth rates are coming down from astronomical levels of multiple hundreds of percentage points. As a result Nvidia sold off on Aug 28 from around the $130 level all the way down to $101.50. Hedge on Nvidia, just in case We're looking at buying a Nov 22nd expiration $140 / $130 put debit spread, currently trading at $2.88.
Persons: Blackwell, NVDA, Elliott, Todd Gordon, Gordon Organizations: Nvidia, Blackwell, Philadelphia Semiconductor, Inside Edge Capital Management, NVDA, Inside Edge, CNBC, NBC UNIVERSAL Locations: NVDA
The Cantor Fitzgerald CEO has led and been the public face of Trump's transition. As co-chair of Trump's transition, Lutnick has been an outspoken advocate for Trump's agenda, including explaining how he plans to use tariffs once in office. Lutnick is the CEO and chairman of financial services titan Cantor Fitzgerald. Lutnick has been at Cantor Fitzgerald since the early 1980s when he graduated from Haverford College in Pennsylvania with an economics degree. Lutnick was working at Cantor Fitzgerald when terrorists targeted New York's World Trade Center towers on Sept. 11, the firm's headquarters.
Persons: Howard Lutnick, Cantor Fitzgerald, Donald Trump, Lutnick, Trump, Lutnick's, Elon Musk, evincing Organizations: Republican, WASHINGTON, Commerce Department, The Commerce Department, Haverford College, New, Trade, Punchbowl News, Trump, Treasury, Elon, Department of Government Locations: Madison, New York City, U.S, United States, Pennsylvania, New York
AdvertisementTrump is expected to nominate Howard Lutnick for Commerce secretary, according to the WSJ and CNN. Lutnick had previously been viewed as a frontrunner for the position of Treasury secretary. President-elect Donald Trump is expected to tap billionaire finance executive Howard Lutnick as his next Commerce secretary, according to the Wall Street Journal, CNN, and Axios. Commerce secretary will be a pivotal role in the Trump administration, given economic concerns played a key role in fueling Trump's victory. He's known Trump for decades, and has hosted fundraisers for the president-elect and appeared on TV as a surrogate.
Persons: Howard Lutnick, It's, Lutnick, Donald Trump, Linda McMahon, Trump, Cantor Fitzgerald, Elon Musk's Organizations: Trump, Commerce, WSJ, CNN, Wall Street Journal, WWE, World Trade Locations: New York, Commerce
India's central bank will launch a pilot program in 2025 offering local cloud data storage to financial firms at affordable prices, according to two sources aware of the matter, who declined to be identified as conversations are confidential. The Reserve Bank of India's planned cloud platform will use local IT firms, pitting it against the likes of Amazon Web Services, Microsoft Azure, Google Cloud and IBM Cloud, in a first-of-its-kind initiative from a major global central bank. In December last year, RBI governor Shaktikanta Das announced plans to set up a public cloud for the financial services industry. Initial work on the cloud is being driven by the research wing of the central bank called the Indian Financial Technology and Allied Services. It will then be developed further in partnership with one or more private sector technology firms, according to the sources.
Persons: Shaktikanta Das, EY Organizations: Bank, Reserve Bank of, Amazon Web Services, Microsoft, Google, IBM, International Data Corporation, Indian Financial Technology, Allied Services, Reuters
AdvertisementTwo subsea data cables in the Baltic Sea were damaged this week. Two subsea telecoms cables in the Baltic Sea have been damaged in a suspected act of Russian sabotage, highlighting the fragility of the world's data networks. AdvertisementThe impactAs the world has become more dependent on the internet, subsea cables have become increasingly vital. The cables carry vital internet data between countries, including streaming services and financial information. "The writing has been on the wall for a while now relating to subsea cable disruption.
Persons: Boris Pistorius, Telia, Cinia, Carl, Oskar Bohlin, Gregory Falco Organizations: Cables, Telia, NATO, International Union of Marine Insurance, TRT, General Staff, Directorate, West, Cornell University, BI, CSIS, Analysts, Atlantic Council Locations: Baltic, Germany, Finland, Lithuania, Sweden's Gotland, Russia, Ukraine, Lofoten, Norway
High home prices and higher mortgage rates along with low inventory have put ownership just out of reach for many households. Jose Luis Pelaez Inc | Digitalvision | Getty ImagesAlthough vacationing has also gotten more expensive, Americans are still determined to travel. Rising debt is another threat to wealthAt the same time, rising consumer debt has weighed on household balance sheets. Nearly half, 44%, of Americans said credit card debt is the biggest threat to their ability to build wealth, according to a separate report by Edelman Financial Engines. "That stands in the way of people building actual wealth and therefore feeling wealthier," she said.
Persons: , Freddie Mac, Jose Luis Pelaez, Jean Chatzky Organizations: Jose Luis Pelaez Inc, Deloitte, Edelman Financial, Federal Reserve Bank of New, CNBC Locations: Federal Reserve Bank of New York
This week, the new Free Application for Federal Student Aid expanded its "phased rollout" so all students can now apply for aid for the upcoming academic year. Up until Monday, the 2025-26 FAFSA was only available to limited groups of students in a series of beta tests that began on Oct. 1. Now, the form is open to all and the Department of Education has said it will be out of testing entirely by Nov. 22 — which puts the official launch ahead of schedule. This year, the plan was to be available to all students and contributors on or before Dec. 1. Students who submit a form during this final "expanded beta" phase before Nov. 22 will not need to submit a subsequent 2025–26 FAFSA form, the Education Department said.
Persons: FAFSA, Mark Kantrowitz Organizations: Federal Student Aid, Department of Education, Education Department, Finance
Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. Shares of Super Micro soared more than twentyfold over a two year period from early 2022 until their peak in March of this year. Super Micro has been one of the primary beneficiaries of the artificial intelligence boom, due to its relationship with Nvidia . On Monday, Super Micro announced that it was selling products featuring Nvidia's next-generation AI chip called Blackwell. Less than two weeks after the index changes were announced, Super Micro reached its closing high of $118.81.
Persons: Charles Liang, Ernst & Young, Nvidia's Organizations: Super, Computer Inc, Micro Computer, BDO, Nasdaq, SEC, Ernst, Deloitte, Touche, Micro, Mizuho, Nvidia, Super Micro, Dell, Hewlett Packard Enterprise, Hindenburg Research, Street, Department of Justice Locations: Taipei, Taiwan
As a result, the share of Americans saying they live paycheck to paycheck has been growing fairly steadily for the past two years, a recent Bank of America survey found. Nearly half of Americans at least somewhat agree with the statement, "I am living paycheck to paycheck," as of the third quarter of 2024. Importantly, how each respondent defines living paycheck to paycheck may vary. By that measure, around 30% of American households are living paycheck to paycheck, according to Bank of America's internal data. If it becomes unaffordable, that person may feel like they're living paycheck to paycheck, Tinsley says.
Persons: that's, David Tinsley, Tinsley Organizations: of America, Bank of America, Bank of, Bank of America Institute Locations: Bank
Bitcoin has smashed records. Should you invest?
  + stars: | 2024-11-19 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +7 min
CNN —In the first quarter of this year, the price of bitcoin broke records in the wake of approval by the Securities and Exchange Commission for the first exchange-traded spot bitcoin funds. But in the past few years, education about crypto assets has been made more available to professionals. While it’s called a currency — and in some instances can be used like money — bitcoin is not legal tender in the United States or most other countries. He advises his clients who insist on exposure to limit their portfolio allocation to bitcoin to no more than 5%. Using a bitcoin ETF for exposure is the easiest option for most individuals who are not dedicated crypto investing experts.
Persons: bitcoin, Donald Trump’s, Michael Saylor, , Paul Brahim, Satoshi Nakamoto —, it’s, , Trent Porter, Mike Turi, don’t, ” Turi, Matt, Elliott, Porter, Trump, you’ll, they’ve, ” Porter Organizations: CNN, Securities and Exchange Commission, CNBC, Financial, Association, SEC, Morningstar Locations: bitcoin, Bitcoin, United States
8 6 United States 4 2 European Union 1850 1900 1950 2000 2024 China Emissions per year 10 gigatons CO2-eq. 8 6 United States 4 2 European Union 1850 1900 1950 2000 2024 China Emissions per year 10 gigatons CO2-eq. That’s why historical emissions are often used as a gauge of responsibility for global warming. A question of moneyChina’s historical responsibility for climate change has become a major point of contention in global climate politics. Total historical greenhouse gas emissions Historical emissions per person Gigatons CO2-eq.
Persons: Jones, ” John Podesta, Ding Xuexiang, , Gaston Browne of Organizations: United, United States, Carbon, European Union, Union, Indonesia, India, Britain, Canada, Qatar Locations: United States, Europe, China, United Nations, Baku, Azerbaijan, Japan, Canada, Australia, Nations, India, Saudi Arabia, Africa, , Gaston Browne of Antigua, Barbuda, Russia, Brazil, European Union, Qatar
One basis point is equal to 0.01% and yields and prices move in opposite directions. ET, the yield on the 10-year Treasury was lower by 5 basis points at 4.365%. U.S. Treasury yields slid on Tuesday as tensions between Ukraine and Russia increased, while investors awaited new data. Bloomberg News also reported, citing RBC Ukraine, that Ukraine hit Russia with U.S.-made missiles for the first time. Yields have soared following the election with traders betting that Trump's pro-business policies and tax cuts will boost economic growth.
Persons: Vladimir Putin, , Joe Biden, Trump's, Scott Bessent, Howard Lutnick, Trump, Elon Musk Organizations: Treasury, U.S, Bloomberg News, RBC Ukraine, Traders, Wall, US Treasury, ING, Key Square Group Locations: Ukraine, Russia, U.S, Trump's, Washington
However, there are consequences for failing to file a tax return that you should be aware of. Why filing taxes is importantLegal obligationsFirst things first: Do you even need to file a tax return? However, you are required to file a tax return if you have $400 or more in net self-employment income. FAQs on what happens if you don't file taxesHow long can I go without filing taxes? If you don't file a tax return and don't owe any taxes, you have up to three years to claim any refund that might be due.
Persons: David Beck, Beck, filers, TurboTax, you'll, It's, it'll, there's, There's, haven't, Morgan, Tanza, Read Organizations: Free, NEC, TurboTax, Budget, Social Security, State, IRS, Levy, Railroad, Board, Military, garnishment, Chevron, Finance, Morgan Stanley Wealth Management, Fidelity, BI, Elon University Locations: U.S, Dix Hills, NY, TheStreet
Indian markets have been under pressure in recent weeks, but strategist Matt Orton remains bullish on the country, revealing "one of his favorite" stocks right now. ICIC Bank One stock that stands out to Orton is private bank and financial services player ICICI Bank . "ICICI Bank is one of my favorite picks because it's just a top-quality asset. ICICIBANK-IN YTD mountain Year-to-date shares in ICICI Bank Orton said ICICI is among the three "domestic systemically important banks," or those considered " too big to fail " banks by the Reserve Bank of India. According to FactSet data, of 44 analysts covering the stock, 41 give it a buy or overweight rating, while the remaining three have a hold call.
Persons: Matt Orton, Raymond James, CNBC's, Orton, it's, ICICI Bank Orton, Jefferies Organizations: Raymond James Investment Management, Bombay Stock Exchange, ICICI Bank, India's, Bombay Stock Exchanges, ICICI, Reserve Bank of India Locations: bullish, India, U.S, Mumbai
Total: 25