EverydayRead

David Tepper says the Fed has to cut rates at least two or three more times to keep credibility

David Tepper, founder and president of Appaloosa Management.David Orrell | CNBCAppaloosa Management's David Tepper said investors should believe ...

JPMorgan begins suing customers who allegedly stole thousands of dollars in ‘infinite money glitch’

JPMorgan Chase has begun suing customers who allegedly stole thousands of dollars from ATMs by taking advantage of a technical glitch that allowe...

Pfizer says its experimental drug for deadly condition that causes appetite and weight loss in cancer patients shows positive trial results

Pfizer's experimental drug for a common, life-threatening condition that causes cancer patients to lose their appetite and weight showed positive...

Why a stock picking approach to small caps may boost performance right now

Stock picking may be the key to getting exposure to small caps.Rob Harvey, who's behind the Dimensional U.S. Small Cap ETF, uses an actively mana...

Business

DirecTV customers will likely miss ‘Monday Night Football’ NFL game as carriage fight with Disney continues

Millions of DirecTV customers will likely be unable to watch the NFL's opening "Monday Night Football" game on ESPN as the company has yet to rea...

CrowdStrike’s post-earnings stock drop is a buy. Here’s why sellers have it all wrong

CrowdStrike delivered a very good quarter after Tuesday's closing bell, with management raising its full-year outlook on sales, operating income,...

MLB, Braves object to Diamond Sports reorganization plan, question company’s future viability

A Major League Baseball logo at Angel Stadium in Anaheim, California, May 22, 2022.Ronald Martinez | Getty ImagesMajor League Baseball and the At...

Boeing machinists on picket lines prepare for lengthy strike: ‘I can last as long as it takes’

Boeing factory workers gather on a picket line during the first day of a strike near the entrance of a production facility in Renton, Washington,...

Fed holds rates steady and notes progress on inflation

WASHINGTON – Federal Reserve officials on Wednesday held short-term interest rates steady but indicated that inflation is getting closer to its t...

IBM stock slips on disappointing consulting and infrastructure revenue

IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024.Stefan Wermuth | Bloomberg | Getty ImagesIBM s...

Latinas contributed $1.3 trillion to U.S. economy, new report says. That number could be even bigger

Miami Beach, Florida, Manolo, restaurant, employees at bakery counter. (Photo by: Jeffrey Greenberg/Universal Images Group via Getty Images)Jeff ...

Earnings

Modelo brewer Constellation falls despite an earnings beat. Here’s why we’re not concerned

Modelo and Corona brewer Constellation Brands is a tale of two businesses. One of them — beer — is stealing market share left and right. The othe...

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CrowdStrike’s post-earnings stock drop is a buy. Here’s why sellers have it all wrong

We’re changing our price target on TJX despite the retailer’s light guidance

Palo Alto Networks beat and raise fails to wow Wall Street. But that plays into our hand

Intuit shares drop as quarterly forecast misses estimates due to delayed revenue

Latest

Donald Trump selects Kevin Hassett to lead National Economic Council

White House Council of Economic Advisers Chairman Kevin Hassett addresses reporters during the daily briefing at the White House in Washington, U...

Trump’s proposed tariff increases would boost inflation by nearly 1%, Goldman Sachs estimates

President-elect Donald Trump speaks at the U.S.-Mexico border on August 22, 2024 south of Sierra Vista, Arizona. Rebecca Noble | Getty Image...

CrowdStrike’s post-earnings stock drop is a buy. Here’s why sellers have it all wrong

CrowdStrike delivered a very good quarter after Tuesday's closing bell, with management raising its full-year outlook on sales, operating income,...

Nordstrom tops Wall Street’s earnings expectations, as shoppers buy more clothes and shoes

Nordstrom on Tuesday beat Wall Street's quarterly sales expectations, as revenue grew about 4% year over year from shoppers buying clothing, shoe...

‘I have no money’: Thousands of Americans see their savings vanish in Synapse fintech crisis

Oscar Wong | Moment | Getty ImagesFor 15 years, former Texas schoolteacher Kayla Morris put every dollar she could save into a home for her growi...

Trump might name Kevin Warsh as Treasury chief then Fed chair later, report says

Kevin WarshJin Lee | Bloomberg | Getty ImagesPresident-elect Donald Trump is considering naming Kevin Warsh as Treasury secretary then ultimately...

We’re changing our price target on TJX despite the retailer’s light guidance

TJX Companies delivered strong quarterly results before Wednesday's opening bell. While guidance was a bit below expectations, it was not overly ...

Can Starbucks fix long lines at its airport cafes?

Customers wait in a long line at a Starbucks cafe in a terminal at Miami International Airport, in Miami, Dec. 12, 2022.Jeff Greenberg | Universa...

Bitcoin vs. gold: State Street worries the crypto rally’s allure is distracting precious metal investors

The bitcoin rally is generating a false sense of security among investors, according to the strategist behind the so-called granddaddy of gold ex...

Donald Trump chooses hedge fund executive Scott Bessent for Treasury secretary

Scott Bessent, founder and chief executive officer of Key Square Group LP, during an interview in Washington, DC, US, on Friday, June 7, 2024.Ste...

Palo Alto Networks beat and raise fails to wow Wall Street. But that plays into our hand

Don't sweat the drop in Palo Alto Networks stock, which came despite a solid beat and raise after Wednesday's closing bell. The cybersecurity com...

‘Wicked’ tallies $19 million in previews, as ‘Gladiator II’ team-up heads for $200 million opening weekend

Posters for Wicked and Gladiator IISources: Universal (L), Paramount (R)The box office this weekend will be painted pink and green, with a splash...

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Economy

U.S., China trade tariffs escalating would be ‘costly for everybody,’ IMF deputy director says

An escalation of trade and tariffs tensions between the U.S. and China would have "costly" economic consequences around the world, Gita Gopinath,...

Trump’s proposed tariff increases would boost inflation by nearly 1%, Goldman Sachs estimates

President-elect Donald Trump speaks at the U.S.-Mexico border on August 22, 2024 south of Sierra Vista, Arizona. Rebecca Noble | Getty Image...

Trump might name Kevin Warsh as Treasury chief then Fed chair later, report says

Kevin WarshJin Lee | Bloomberg | Getty ImagesPresident-elect Donald Trump is considering naming Kevin Warsh as Treasury secretary then ultimately...

Donald Trump chooses hedge fund executive Scott Bessent for Treasury secretary

Scott Bessent, founder and chief executive officer of Key Square Group LP, during an interview in Washington, DC, US, on Friday, June 7, 2024.Ste...

Trump and Fed Chair Powell could be set on a collision course over interest rates

Jerome Powell and President Donald Trump during a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on Thu...

Finance

Visa and Mastercard execs grilled by senators on ‘duopoly,&...

Admin—November 20, 2024 0

The Senate Judiciary Committee convened on Tuesday for a hearing on the alleged Visa-Mastercard "duopoly," which committee members from both side...

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How to protect your portfolio against risks tied to President-elect Trump’s tariff agenda

November 18, 2024

Elon Musk endorses Trump’s transition co-chair Howard Lutnick for Treasury secretary

November 17, 2024

China set to report retail sales and industrial production data for October

November 15, 2024

Earnings

Wall Street analysts tout our 2 cybersecurity stocks ahead of qua...

Admin—November 20, 2024 0

Wall Street analysts are showing two cybersecurity stocks some love ahead of their quarterly results. The news Evercore ISI this week raised its ...

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Alibaba posts profit beat as China looks to prop up tepid consumer spend

November 18, 2024

Jim Cramer’s week ahead: Earnings from Nvidia, TJX and Walmart

November 17, 2024

Here’s why investors are so excited about Disney’s quarterly results

November 15, 2024

Economy

Top Wall Street execs are getting skeptical on the Fed’s ea...

Admin—November 20, 2024 0

A trader works as a screen displays the Fed rate announcement, on the floor of the New York Stock Exchange on June 12, 2024.Brendan McDermid | Re...

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Annual inflation rate hit 2.6% in October, meeting expectations

November 18, 2024

UK economy surprises with September contraction, grows just 0.1% in the third quarter

November 17, 2024

Wholesale prices rose 0.2% in October, in line with expectations

November 15, 2024