CNBC’s Jim Cramer on Thursday recommended that investors not base portfolio decisions solely off macroeconomic trends, like new employment data or interest rates. “I don’t want to be bound by the four walls of the PMIs, the PPIs, the PCDEs, the GDPs. We don’t want ETFs where we buy the bad along with the good, and … Read more
BYD’s new luxury brand Yangwang is selling its first model, the U8, for more than 1 million yuan (US$160,000). CNBC | Evelyn Cheng BEIJING — For the first time in China, new energy vehicles have outsold traditional fuel-powered passenger cars on a monthly basis, according to China Passenger Car Association data for July. New energy … Read more
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
A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | Reuters BEIJING — Chinese companies seeking growth from exports face a new challenge: a strengthening yuan. The “offshore” yuan traded in Hong Kong surged Monday against the U.S. … Read more
In a Wednesday interview with CNBC’s Jim Cramer, CVS CEO Karen Lynch said she is taking responsibility for the company’s Aetna insurance business after the most recent quarter missed expectations. “Our problem … is the Aetna business. We’ve had some challenges, the industry has had some challenges, and I, as I said this morning, I … Read more
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
As the major averages declined Wednesday, failing to recover fully from the brutal sell-off on Monday, CNBC’s Jim Cramer explained the current dynamics and attitudes at play on Wall Street. He used Disney‘s post-earnings stock performance to explain how investors want rate cuts but are also concerned by a lack of consumer spending. “You can’t … Read more
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
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
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
