In this article AVGO BC POSH WSM DAL The corporate earnings season is under way, and CNBC’s Jim Cramer thinks the early reports from major banks all have something in common: they indicate consumer spending could soon surge. “I think we’re at an inflection point where consumer spending can truly ramp up and ramp to a totally
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In this article DAL A Delta Air Lines Boeing 737 approaching LAX for landing. Angel Di Bilio | iStock Editorial | Getty Images Delta Air Lines on Wednesday reported second-quarter revenue that topped Wall Street’s estimates and said both leisure and business travel bookings rose sharply after more than a year of pandemic lockdowns. The
Traders on the floor of the New York Stock Exchange. Source: NYSE U.S. stock futures were steady in overnight trading on Wednesday as investors readied for more corporate earnings and labor market data. Dow futures fell just 9 points. S&P 500 futures were flat and Nasdaq 100 futures gained only 0.04%. On Wednesday, the Dow
The chairman and CEO of the world’s largest asset manager told CNBC on Wednesday that he worries about a “silent crisis of retirement,” citing global monetary policies that create disincentives for savers. “Unquestionably, as central banks keep rates low, or negative in Europe, the savers are getting slammed,” BlackRock co-founder Larry Fink said on “Squawk
Westend61 | Westend61 | Getty Images Medicare — the health insurance program relied on by most older Americans — would cover dental, vision and hearing under a budget agreement announced late Tuesday by Senate Democrats. The proposal for expanded coverage was included as part of a plan to spend $3.5 trillion over the next decade
Today, Senate Majority Leader Chuck Schumer (D), Senate Finance Committee Chairman Ron Wyden (D), and Sen. Cory Booker (D) released their discussion draft—the Cannabis Administration and Opportunity Act—for federal descheduling of marijuana. While federal descheduling impacts all states, it does not deschedule marijuana in states which choose to keep their own ban. Nevertheless, descheduling would
This story is part of CNBC Make It’s One-Minute Money Hacks series, which provides easy, straightforward tips and tricks to help you understand your finances and take control of your money. There’s been a lot of discussion about affordable housing recently, especially as home prices and rents hit record levels. Is your current home affordable?
‘Buy the rumor, sell the news’ price action combined with these overbought levels, makes me quite nervous about my tech-heavy portfolio, here’s what I’m doing.
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A Delta Airlines Boeing 757-251 approaches Washington Ronald Reagan National Airport (DCA) in Arlington, Virginia on February 24, 2021. Daniel Slim | AFP | Getty Images The spread of highly transmissible delta variant of Covid-19 hasn’t hurt Delta Air Lines‘ bookings, CEO Ed Bastian said Wednesday. “We haven’t seen any impact at all from the
In this article WFC Wells Fargo on Wednesday reported second-quarter earnings and revenue results that topped Wall Street’s expectations as it continued to release funds it had set aside during the Covid-19 pandemic to safeguard against widespread loan losses. Shares of the bank rose 0.5% in premarket trading following the earnings announcement. Here’s how the
A visual representation of digital currencies. Yuriko Nakao | Getty Images LONDON — Cryptocurrencies aren’t yet big enough to pose a systemic risk to financial stability, Bank of England Deputy Governor Jon Cunliffe said Wednesday. “The speculative boom in crypto is very noticeable but I don’t think it’s crossed the boundary into financial stability risk,”
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2021. Brendan McDermid | Reuters Junk bonds aren’t so junky anymore, with a strong fundamental backdrop helping to underpin what traditionally has been one of the riskiest sections of the financial markets. Yields in the $10.6
Brocreative | Getty Images This week, roughly 39 million American families with children will start receiving payments from the 2021 enhanced child tax credit. It will amount to hundreds of dollars per month for some. The money will be a huge help to eligible families as they grapple with the end of Covid-era unemployment benefits
Real estate agents Rosa Arrigo, center, and Elisa Rosen, right, work an open house in West Hempstead, New York on April 18, 2021. Newsday LLC | Newsday | Getty Images Homeowners saw an opportunity last week and seized it. A sudden and unexpected drop in mortgage rates sent borrowers to their lenders in droves, hoping
2022 Jeep Compass Jeep CHICAGO – Jeep is updating one of its smallest SUVs with new technologies and a redesigned interior ahead of the brand’s push into electric vehicles. New features on the 2022 Jeep Compass include active emergency braking and blind-spot monitoring as standard safety technologies as well as optional 10-inch interior screens and
Traders on the floor of the New York Stock Exchange. Source: NYSE Earnings season begins with two major tailwinds: sky high prices and sky-high expectations. On paper, second quarter earnings looks like the mother of all earnings reports, with estimates having risen steadily for the past six months, from expected 45% growth in January to
Investors may want to keep the antacid nearby. Long-term market bull Tony Dwyer sees near-term turbulence in connection with his “summer of indigestion” call. So, he’s encouraging investors to resist making any big moves right now. “We’ve had one heck of a run. It’s been an excessive run in the indices,” the Canaccord Genuity chief
Nassim Nicholas Taleb, New York University professor and author Jerome Favre | Bloomberg | Getty Images Nicholas Nassim Taleb has reversed his stance on bitcoin. The “Black Swan” author said in a recent paper that the largest cryptocurrency by market cap has failed to satisfy the notions of it as a currency without government, a
A Social Security Administration office in San Francisco. Getty Images There’s new leadership at the Social Security Administration. A number of retirement advocates are applauding the move. President Joe Biden fired Social Security Commissioner Andrew Saul on July 9. Saul, an appointee of former President Donald Trump, locked heads with Democrats earlier this year over