Fed can’t stop raising interest rates due to these 4 factors

Fed can’t stop raising interest rates due to these 4 factors

CNBC’s Jim Cramer on Monday listed four reasons why the Federal Reserve can’t stop tightening the economy just yet. Not enough people are reentering the workforce. That makes it more difficult for the Fed to stamp out wage inflation. There’s a mismatch between job openings and job seekers. While many engineers are needed to carry … Read more

US-listed Chinese stocks rally as investors turn bullish on reopening shift

US-listed Chinese stocks rally as investors turn bullish on reopening shift

Alibaba headquarters in Hangzhou, China. Bloomberg | Bloomberg | Getty Images The index holds 65 companies whose common stocks are publicly traded in the US The majority of their business is conducted within the People’s Republic of China. The rally came as some big cities including Beijing and Shenzhen are taking steps to ease Covid … Read more

Oil prices rise after OPEC+ keeps output steady, Russian price cap imposed

Oil prices rise after OPEC+ keeps output steady, Russian price cap imposed

Oil storage tanks stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., at night in Tuapse, Russia. Andrey Rudakov | Bloomberg | Getty Images Oil prices rose on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a G7 price cap which kicked in on Russian crude. … Read more

Silvergate Capital, MGM Resorts, Bilibili, Murphy Oil & more

Silvergate Capital, MGM Resorts, Bilibili, Murphy Oil & more

A United Airlines terminal at John F. Kennedy International Airport in New York January 24, 2011. Jessica Rinaldi | Reuters Check out the companies making headlines in premarket trading Monday. United Airlines — Shares rose 1% after Morgan Stanley upgraded United Airlines to overweight from equal weight, saying 2023 could be a “goldilocks” year for … Read more

Buy Frasers Group and Next plc stock, fund manager says, ahead of recession

Buy Frasers Group and Next plc stock, fund manager says, ahead of recession

London-listed retailers Frasers Group and Next are two clothing retailers that will “dominate” the sector during a recession, according to a veteran Schroders fund manager. Andrew Brough, who runs the Schroder UK Mid Cap Fund, said the two conservatively run companies are well placed to expand and take market share during a downturn through acquisitions. … Read more

Goldman says buy these five stocks in a weakening macro environment

Goldman says buy these five stocks in a weakening macro environment

Analysts at Goldman Sachs named a slew of stocks this week that the firm said are well positioned if market conditions deteriorate. These companies have some defensive qualities and have long-term upside. CNBC Pro combed through Goldman Sachs research to find stocks that are stronger for longer. They include Yeti, Yum China, Keysight Technologies, Capri … Read more

5 things to know before the stock market opens Friday, December 2

5 things to know before the stock market opens Friday, December 2

A GE AC4400CW diesel-electric locomotive in Union Pacific livery, is seen ahead of a possible strike if there is no deal with the rail worker unions, as a Metrolink commuter train (right) arrives at Union Station in Los Angeles, California, September 15 , 2022. Bing Guan | Reuters Here are the most important news items … Read more

S&P 500 futures fall slightly as investors await Friday’s US jobs data

S&P 500 futures fall slightly as investors await Friday’s US jobs data

S&P 500 futures were slightly lower Thursday night as investors looked ahead to the November jobs report. Futures tied to the benchmark stock index dipped 0.15%. Dow Jones Industrial Average futures were lower by 0.15% and Nasdaq 100 futures fell 0.25%. Shares of tech companies were on the move in after-hours trading following quarterly results. … Read more

Salesforce, Five Below, Okta, Costco and more

Salesforce, Five Below, Okta, Costco and more

A shopper loads a car with bottled water at a Costco Wholesalers in Chingford, Britain March 15, 2020. John Sibley | Reuters Check out the companies making headlines in midday trading. Salesforce — Shares of the cloud-based software company slid more than 9% after the firm announced the sudden departure of co-CEO Bret Taylor. The … Read more

Salesforce (CRM) earnings Q3 2023

Salesforce (CRM) earnings Q3 2023

Salesforce cofounder and co-CEO Marc Benioff speaks during the grand opening of the Salesforce Tower, the tallest building in San Francisco, Calif., Tuesday, May 22, 2018. Karl Mondon | Bay Area News Group | Getty Images Salesforce reported earnings and revenue on Wednesday that beat analyst expectations. It also announced that co-CEO Bret Taylor is … Read more