Republican presidential candidate former President Donald Trump speaks during a press conference at his Mar-a-Lago estate on August 08, 2024, in Palm Beach, Florida. Joe Raedle | Getty Images Republican presidential nominee Donald Trump on Thursday said that he should have a voice when the Federal Reserve makes its decisions on interest rates. “I feel … Read more
Stock market information displayed at the Nasdaq MarketSite in New York, US, on Monday, Aug. 5, 2024. Michael Nagle | Bloomberg | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your … Read more
The S&P 500 is facing a key test level as the consensus view of a soft landing for the U.S. economy reaches “make or break” point, according to one strategist. Ron Williams, chief investment officer at RW Advisory, told CNBC’s “Squawk Box Europe” the 5,200 mark will “decide whether this bounce back holds or whether … Read more
Commercial office buildings in the City of London, UK, on Monday, Aug. 5, 2024. Betty Laura Zapata | Bloomberg | Getty Images LONDON — European markets were higher on Friday as they looked to shake off recent choppiness and follow Wall Street and Asia-Pacific stocks higher. The pan-European Stoxx 600 was 0.09% higher at 2:48 … Read more
A truck carrying natural gas enters the Gaza Strip via the Rafah crossing with Egypt, hours after the start of a four-day truce in battles between Israel and Palestinian Hamas militants, on November 24, 2023. Said Khatib | AFP | Getty Images U.S. crude oil is on pace for a more than 4% gain for … Read more
Teresa Heitsenrether is the firm’s chief data and analytics officer. Courtesy: Joe Vericker | PhotoBureau JPMorgan Chase has rolled out a generative artificial intelligence assistant to tens of thousands of its employees in recent weeks, the initial phase of a broader plan to inject the technology throughout the sprawling financial giant. The program, called LLM … Read more
U.S. Treasury yields were lower Friday as investors continued to assess the state of the U.S. economy after labor data buoyed sentiment. The yield on the 10-year Treasury was around 4 basis points lower at 3.961% at 6:18 a.m. ET, nonetheless holding near the level it was at last week before a weak U.S. jobs report helped trigger … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets rally: Markets on Thursday are trying to rally again after a vicious midday reversal in the prior session. The nearly 3% gain for the tech-heavy … Read more
Omer Taha Cetin | Anadolu | Getty Images Cryptocurrencies resumed their rebound from their big sell-off earlier in the week, with bitcoin retaking $59,000. The price of the flagship cryptocurrency was last higher by 8% at $59,385.40, according to Coin Metrics, rising above the $55,000 floor that has supported it for much of this year. … Read more
U.S. Treasury yields rose Thursday as Wall Street assessed weekly jobless claims data that came in below expectations, easing concern from July’s payroll report last week that the labor market was weakening. The yield on the 10-year Treasury was around 2 basis points higher at 3.992%. The yield on the benchmark is near its highest … Read more
