Bank stocks remain under pressure due to high-interest rates, as financial firms like Club holdings Wells Fargo and Morgan Stanley kick off earnings season.
Category: Finance News
Target shares get upgrade from Bank of America. Here’s what the pros have to say
Pros on CNBC discussed Target after the retail chain was upgraded to buy from neutral at Bank of America.
Bank earnings kick off with JPMorgan, Wells Fargo amid concerns about rising rates, bad loans
Higher rates are expected to lead to a jump in losses on banks’ bond portfolios and contribute to funding pressures.
Leon Cooperman expects very little from the market and is only interested in individual stocks
Billionaire investor Leon Cooperman remains a bear with little interest in the broader stock market, which he says underestimates the risk of a fiscal crisis.
Getting to 2% inflation won’t be easy. This is what will need to happen, and it might not be pretty
In theory, getting inflation closer to the Fed’s target doesn’t sound terribly difficult. In practice, it could be a different story.
Despite economic uncertainty, you can still build and preserve generational wealth, experts say
Despite economic uncertainty, it’s still possible to build and preserve generational wealth, according to experts at CNBC’s Financial Advisor Summit.
Americans have been scammed out of $2.7 billion in 2.5 years on social media—7 red flags to look out for
Americans lost $2.7 billion to scams originating on social media between January 2021 and June 2023, says the FTC. Here are the warning signs you need to know.
Stocks making the biggest moves midday: Walgreens, Birkenstock, Ford, Spotify and more
These are the stocks posting the largest moves in midday trading.
Watch: IMF’s Georgieva and other leaders discuss debt relief and reforms on CNBC panel
CNBC’s Joumanna Bercetche is moderating a panel at the annual meetings of the International Monetary Fund and World Bank in Marrakech, Morocco.
Here’s the inflation breakdown for September 2023 — in one chart
The consumer price index, a key inflation gauge, rose 3.7% in September, unchanged from August, the U.S. Bureau of Labor Statistics said Thursday.