Wall Street rebound fizzles out

Wall Street rebound fizzles out

A trader works on the floor of the New York Stock Exchange. NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to … Read more

Jamie Dimon still sees a recession ahead

Jamie Dimon still sees a recession ahead

JPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a “soft landing” for the U.S. economy are around 35% to 40%, making recession the most likely scenario in his mind. When CNBC’s Leslie Picker asked Dimon if he had changed his view from February that markets were too optimistic on … Read more

Market correction may not be over yet

Market correction may not be over yet

Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City.  Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more

Case for buying bonds amid stock market volatility

Case for buying bonds amid stock market volatility

Investors may want to consider bonds to help navigate the market’s recent volatility. Joanna Gallegos, BondBloxx co-founder and CEO, recommends prioritizing income and high-yield bonds. “It can be really important to start looking at fixed income as you start to diversify and manage more risk,” she told CNBC’s “ETF Edge” on Monday. Gallegos also suggests … Read more

Markets are counting on the Fed to head off recession with sizeable interest rate cuts

Markets are counting on the Fed to head off recession with sizeable interest rate cuts

Federal Reserve Chairman Jerome Powell takes a question from a reporter during a news conference following a Federal Open Market Committee meeting at the William McChesney Martin Jr. Federal Reserve Board Building on July 31, 2024 in Washington, DC.  Andrew Harnik | Getty Images In the market’s eyes, the Federal Reserve finds itself either poised … Read more

Steward Health Care announces closure of 2 Massachusetts hospitals

Steward Health Care announces closure of 2 Massachusetts hospitals

BOSTON — Steward Health Care announced Friday that is it closing two hospitals in Massachusetts because it received no qualified bids for the facilities after declaring bankruptcy earlier this year. Steward’s bankruptcy is being investigated by the U.S. Senate, with Democrats accusing the Dallas-based company of allowing private equity executives to strip the firm of … Read more

Senate committee votes to investigate Steward Health Care bankruptcy and subpoena its CEO

Senate committee votes to investigate Steward Health Care bankruptcy and subpoena its CEO

BOSTON — A Senate committee voted Thursday to authorize an investigation into the bankruptcy of Steward Health Care and to subpoena the company’s CEO, Dr. Ralph de la Torre. The subpoena would compel de la Torre to testify before the Senate Health, Education, Labor, and Pensions Committee at a hearing on Sept. 12. De la … Read more

Why a common recession indicator doesn’t seem to be working anymore

Why a common recession indicator doesn’t seem to be working anymore

Pedestrians walk along Wall Street near the New York Stock Exchange (NYSE) in New York, US, on Thursday, May 16, 2024.  Alex Kent | Bloomberg | Getty Images Wall Street’s favorite recession signal started flashing red in 2022 and hasn’t stopped — and thus far has been wrong every step of the way. The yield … Read more

Is the U.S. in a recession? About 3 in 5 Americans think so: report

Is the U.S. in a recession? About 3 in 5 Americans think so: report

By most measures, the U.S. economy is doing well. And yet, many people would argue otherwise. Roughly 3 in 5 Americans believe that the U.S. is currently in a recession, according to a new survey of 2,000 adults by Affirm. Of those respondents, most said a recession started roughly 15 months ago, in March of … Read more

Chance of Biden dropping out of presidental race is 40%, Stifel says

Chance of Biden dropping out of presidental race is 40%, Stifel says

There’s a 40% chance President Joe Biden will not seek reelection, according to Stifel. Brian Gardner, the firm’s chief Washington policy strategist, is out with a research note that calls it a “make or break week” for the president’s campaign as Congress returns from its Fourth of July recess. “There’s a 60% chance, more likely … Read more