One of Wall Street’s biggest bulls isn’t jumping on the growth stock bandwagon. Despite the tech-heavy Nasdaq‘s run to record highs, Credit Suisse’s Jonathan Golub prefers value trades right now. “The second quarter of this year will be the fastest GDP quarter that we had since 1952. So basically since the Marshall Plan and the
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Former Theranos CEO Elizabeth Holmes attends pre-trial hearing in the U.S. government’s fraud case against her on May 5, 2021. CNBC The mystery of missing Theranos patient test results that allegedly showed a high failure rate was the focus of former CEO Elizabeth Holmes’ pre-trial hearing on Wednesday. Holmes, pregnant and expected to give birth
Olena Ruban | Moment | Getty Images Cannabis industry investors have been treated to a series of legislative catalysts over the last three years that have moved equity valuations. Notable moments include Canada’s federal adult-use implementation, the election of President Joe Biden, and the Georgia Senate run-off in January. Additionally, the state-by-state legalization movement is
Miami Herald | Tribune News Service | Getty Images There are no signs that Congress plans to send a fourth stimulus check to Americans. Still, many individuals and families are clamoring for more money. A Change.org petition calling for $2,000 per month for every adult American, as well as $1,000 per child, that was started
Today’s map focuses on states’ effective tax rates on owner-occupied housing. This is the average amount of residential property taxes actually paid, expressed as a percentage of home value. Because property taxes are tied to housing values, it makes sense that the actual dollar amounts of property taxes tend to be higher in places with
In this article TMHC The housing shortage that began before the pandemic will stick around for a long time as market demand soars, the chief executive of homebuilder Taylor Morrison told CNBC on Wednesday. “As the economy continues to improve, we’re going to see mortgage rates move up, and I think that should be expected. They’re not
In this article DIS Scarlett Johansson and Florence Pugh star as Natasha and Yelena in Marvel’s “Black Widow.” Disney Natasha Romanoff is coming for the box office crown. After a 14-month delay, “Black Widow” hits theaters Friday and it’s poised to capture the highest box office haul of any film released during the pandemic. As
The Federal Open Market Committee released minutes from its June 15-16 meeting, during which it held short-term interest rates near zero but also indicated that it might be adjusting policy otherwise in the months ahead. The Federal Reserve’s policymaking group kept its benchmark rate anchored in a range between 0% and 0.25%. That was according
Hedge fund founder Anthony Scaramucci told CNBC on Wednesday that the Chinese government’s crackdown on Didi Global, just days after the ride-hailing giant went public in the U.S., is “a direct assault on global capitalism.” “The bad news for the Chinese and the United States now is, if you’re a capital allocator in the United
FREDERIC J. BROWN | AFP | Getty Images The U.S. added 850,000 jobs in June, the most since summer 2020 — which may have some wondering if recent state cuts to unemployment benefits are getting people back to work. The short answer: It’s too soon to tell, according to labor economists. However, available evidence suggests
A for sale sign sits outside a house in Miami Beach October 22, 2009. Carlos Barria | Reuters Mortgage demand fell for the second week in a row, as low inventory and high home prices continue to weigh on the housing market. Mortgage applications decreased 1.8% last week, according to the Mortgage Bankers Association’s seasonally
Health workers chat near an ambulance at the parking lot of the Steve Biko Academic Hospital, amid a nationwide coronavirus disease (COVID-19) lockdown, in Pretoria, South Africa, January 11, 2021. Siphiwe Sibeko | Reuters African nations are bracing for what is expected to be the continent’s worst wave of Covid-19 yet, with vaccine supplies continuing
In this article BTC.CM= The Tether price displayed on cryptocurrency exchange Kraken’s website. Tiffany Hagler | Bloomberg via Getty Images Tether is the third-biggest cryptocurrency in the world by market value. And it’s got some economists — including an official at the U.S. Federal Reserve — worried. Last month, Boston Fed President Eric Rosengren raised
In this article OMEG A set of SkySat satellites before a launch. Planet Satellite imagery and data specialist Planet Labs is preparing to go public, announcing on Wednesday that it will merge with a SPAC to list on the New York Stock Exchange. Planet Labs is combining with special purpose acquisition company dMY Technology Group
Tara Moore | Getty Images Most Americans are worried that Social Security will run out in their lifetimes, and those fears have only gotten worse amid the Covid-19 pandemic. That’s according to a survey from financial services company Nationwide, which found that 71% of adults felt that way. Fears about the benefits program were highest
In this article AXP DVN AMZN AAPL After stocks took a dive to open the trading week Tuesday, CNBC’s Jim Cramer explained three ways investors can find buying opportunities. “Remember the three types of stocks to buy on down days: The ones that rallied anyway, the ones where you’re finally getting a long-awaited pullback, and
Wise CEO and co-founder Kristo Kaarmann. Wise LONDON — Wise, one of Britain’s biggest fintech companies, is about to go public. And it will be a major test for post-Brexit London. The money transfer firm has opted to list its shares directly on the London Stock Exchange, using a rare listing method pioneered by Spotify
In this article CFV A satellite image of the stuck container ship Ever Given in Egypt’s Suez Canal, taken on March 25, 2021. Satellogic Satellite Earth imagery specialist Satellogic is preparing to go public, announcing on Tuesday that it will be the latest in a string of space companies merging with SPACs. Satellogic is merging
Yamiesha Bell, 27, started a book club focused on personal financial literacy and mindfulness one year ago. Yamiesha Bell In the last year, Raeshanna Mcanuff, 27, a cosmetic chemist, asked for a raise at her job. Adam Sherif, 24, who works at a music talent agency, paid off the first $30,000 of his $60,000 in
The digitalization of the economy has changed how and where we work. Huddles at the boss’s desk have been replaced by morning video conferences, long nights at the office by incongruous hours flexed around extracurriculars, and dreary days in a metropolitan apartment by weeks in exotic (or at least comfortable) retreats. A question for policymakers