Morgan Stanley’s Slimmon says it’s dangerous to be too defensive, names top ‘offensive’ stock picks
Morgan Stanley Investment Management’s Andrew Slimmon explains why “the market is going to frustrate the bulls” and why it’s time to buy “offensive” stocks.
Asia markets mixed after Fed raises rates and hints hikes could end
Asian markets are lower as the Fed hikes rates by 25 basis points, as well as signal a potential end to hikes.
PacWest tumbles more than 35% as bank says it’s considering ‘all options’
PacWest shares are down about 72% this year as regional banks come under more strain.
Google employees complain about CEO Sundar Pichai’s pay raise as cost cuts hit rest of the company
Google CEO Sundar Pichai received $226 million last year, mostly through stock awards, making him one of the highest-paid CEOs in the U.S.
Stocks close lower for a fourth day on renewed bank worries, Dow goes negative for 2023: Live updates
Regional banks led the broader market lower as contagion fears resurfaced.
Eli Lilly stock hits new high after successful drug study. Here’s how the pros are playing it
Pros on CNBC discuss Eli Lilly after it hit an all-time high on positive drug study results.
Regional banking crisis won’t end unless the Fed cuts interest rates, Jeffrey Gundlach says
DoubleLine Capital chief says the Fed needs to cut interest rates to properly address the regional banking crisis, and that future hikes are unlikely.
Qualcomm gives light forecast, phone chip sales fall 17%
Qualcomm reported second-quarter earnings on Wednesday that saw sales from handset chips, a core business for the company, decline.
Online banks sweeten CD rates as institutions compete for deposits
CD rates are looking attractive at online banks. Bread and Capital One recently boosted yields on their products.
Fed recap: Here are Chair Powell’s market-moving comments after the latest rate hike
The Federal Reserve will announce its decision on interest rates Wednesday afternoon. Investors expect a 25 basis point rate hike.
