Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach believes the Federal Reserve poured cold water on hopes for a “Goldilocks” economic scenario benefiting risk assets, and the bond king stuck to his call for a likely recession this year. “When I … Read more
Federal Reserve Chair Jerome Powell holds a press conference following the release of the Fed’s interest rate policy decision at the Federal Reserve in Washington, U.S., January 31, 2024. Evelyn Hockstein | Reuters Fed Chairman Jerome Powell said Wednesday that the central bank would likely not be comfortable enough with the path of inflation by … Read more
We’re selling 95 shares of GE Healthcare at roughly $74. Following Wednesday’s trade, Jim Cramer’s Charitable Trust will own 1,150 shares of GEHC, reducing its weighting to 2.75% from 2.97%. The small trim we’re making in GE Healthcare with the stock up slightly in an otherwise rough tape does not change our belief in this … Read more
CNBC’s Jim Cramer examined Tuesday’s “wild” market action, saying it may be best to wait before making any big decisions. “There’s just too much noise here, let’s just wait and see,” he said. “Let’s sit on our hands and process all the information coming at us before we take any action.” Cramer said Tuesday marked … Read more
Liselotte Sabroe | Afp | Getty Images Novo Nordisk, Europe’s largest company by market capitalization, on Wednesday reported better-than-expected 2023 earnings, as sales of its wildly popular anti-obesity and diabetes drugs continued to soar. The maker of weight loss drug Wegovy and diabetes drug Ozempic reported an increase in sales of 31% in Danish kroner … Read more
Greenwash activists take part in the final day of four days of The Big One climate protest activities organised by Extinction Rebellion (XR) on 24 April 2023 in London, United Kingdom. Mark Kerrison | In Pictures | Getty Images The head of the United Nations Environment Programme Finance Initiative believes there is still a “real … Read more
Microsoft reported strong fiscal second-quarter results Tuesday, boosted by the strength of AI. It also announced two new positive developments: solid revenue guidance for the third quarter and talk of a slight margin expansion for the year. Revenue increased about 17% year over year, to $62.1 billion, beating the Street consensus estimate of $61.1 billion, … Read more
Alphabet delivered better-than-expected fourth-quarter sales and earnings after the closing bell Tuesday. While there was some weakness in the key advertising parts of Google’s business, there was also a lot to like, despite the stock decline. Total revenue rose 13.5% year-over-year to $86.31 billion, outpacing the $85.33 billion expected, according to estimates compiled by LSEG. … Read more
Starbucks on Tuesday reported first-quarter earnings and sales that, technically, missed Wall Street estimates — but it was hardly a surprise to investors, including us. Revenue for the three months ended Dec. 31 totaled $9.43 billion, below the $9.59 billion expected by analysts, according to LSEG. On a year-over-year basis, sales rose 8.2%. Starbucks’ adjusted … Read more
A worker carries bananas inside the Walmart Supercenter in North Bergen, New Jersey. Eduardo Munoz Alvarez | AP Walmart announced a three-for-one stock split on Tuesday as the retailer’s shares sit just below their all-time high. The company said the additional shares will be payable after the market closes Feb. 23 to shareholders of record … Read more
