Inflation yet to peak, CFOs say, recession already here or soon to hit

Inflation yet to peak, CFOs say, recession already here or soon to hit

A woman shops for oat milk at a supermarket in Santa Monica, California, on September 13, 2022. Apu Gomes | AFP | Getty Images At CNBC’s Delivering Alpha Investor Summit in New York City on Wednesday, several big names in the investor community indicated they see no signs inflation is waning. David Rubenstein, the co-founder … Read more

Analysts are bullish on Nvidia again after it unveils new products

Analysts are bullish on Nvidia again after it unveils new products

Analysts are once again starting to get bullish on Nvidia, after the semiconductor giant lost favor amid geopolitical tensions and a slowdown in the chip sector. Citi and JPMorgan both said last week that solid demand in PC gaming, as well as cloud adoption in data centers, were set to be tailwinds for Nvidia. That’s … Read more

Perils and promise of quantum computing are nearing

Perils and promise of quantum computing are nearing

The stark warning came from one of the tech world’s most prominent CEOs. Sitting before an audience at the World Economic Forum in Davos, Switzerland, three years ago, Alphabet CEO Sundar Pichai said quantum computing has the power to transform humanity’s understanding of the natural world, enabling scientists to create new drugs and better batteries, … Read more

The world is growing old at a rapid pace. Here are ways to invest

The world is growing old at a rapid pace.  Here are ways to invest

When the coronavirus pandemic first struck in early 2020, some speculated that lockdowns would lead to a boom in American births as couples were forced to stay home. The opposite happened instead: US population growth decelerated in 2020 and even further last year, to the slowest pace in the 246-year history of the nation, according … Read more

Snap shares dive 35% following poor earnings report

Snap shares dive 35% following poor earnings report

In this screengrab, CEO of Snap Inc. Evan Spiegel takes the stage at the virtual Snap Partner Summit 2021 on May 20, 2021 in Los Angeles. Snap Partner Summit 2021 – Snap Inc | Getty Images Shares of Snap fell 35% Friday morning, a day after the company reported disappointing second-quarter results. Snap missed Wall … Read more

Expect the stock market to be driven ‘more by earnings than the macro,’ says Morgan Stanley’s Wilson

Expect the stock market to be driven ‘more by earnings than the macro,’ says Morgan Stanley’s Wilson

Earnings season will be a key test for the stock market after the S&P 500 last week closed out its worst half-year performance since 1970, said strategists from Morgan Stanley. The direction of stocks going forward will be mostly tied to second-quarter earnings as interest rate hikes and surging inflation reflect the growth slowdown more … Read more

Crypto lender Nexo offers to buy embattled rival Vauld

Crypto lender Nexo offers to buy embattled rival Vauld

Bitcoin, the world’s biggest cryptocurrency, is down more than 50% since the start of 2022. Nurphoto | Getty Images Beleaguered cryptocurrency lender Vauld has been thrown a lifeline from larger competitor Nexo, in a sign of mounting consolidation in the crypto market. Nexo said Tuesday it had signed a term sheet with Vauld giving it … Read more

Warren asks bank regulator to reject TD deal after customer-abuse report

Warren asks bank regulator to reject TD deal after customer-abuse report

Sen. Elizabeth Warren, D-Mass., speaks during the Senate Armed Services Committee hearing on security in Afghanistan and in the regions of South and Central Asia, in Dirksen Building on Tuesday, October 26, 2021. tom williams | CQ-Roll Call, Inc. | Getty Images Lawmakers led by Sen. Elizabeth Warren asked a key regulator to block Toronto-Dominion … Read more

$150 oil won’t cripple economy, market: JP Morgan’s Marko Kolanovic

0 oil won’t cripple economy, market: JP Morgan’s Marko Kolanovic

JP Morgan’s Marko Kolanovic predicts oil is surging higher—but so are stocks. Kolanovic, who serves as the firm’s chief global markets strategist and co-head of global research, believes the US economy is strong enough to handle oil prices as high as $150 a barrel. “There could be some potential further spikes in oil, especially given… … Read more

Wall Street banks name global stocks and sectors that could be near a bottom

Wall Street banks name global stocks and sectors that could be near a bottom

With recent volatility in the stock markets, Citi has told clients to “buy this dip” while analysts from Bank of America and JPMorgan have named the global stocks and sectors that they believe are trading near a bottom. BofA named a European list of “High Quality stocks that derated the most this year” as its … Read more