Will the S&P 500 rally by year-end? Morgan Stanley’s Slimmon weighs in — and names a Big Tech stock
If the market does rally into the year-end, it will be led by the “Magnificent Seven” stocks, said Andrew Slimmon, who named his preferred play.
Tencent, Alibaba and more: These firms are primed for buybacks and present opportunities, says Jefferies
Announcements of big buyback programs in the region have been rising since 2021, “with a long runway ahead,” the investment banking firm says.
South Korea leads gains among major Asia benchmarks on Fed cheer
Asia markets gained strongly after U.S. Federal Reserve’s leaves interest rates unchanged, inflation data from South Korea, Australia watched.
Dow jumps more than 550 points for best day since June as bond yields recede: Live updates
Stocks gained Thursday as Treasury yields fell, with investors betting the Federal Reserve could be done raising rates for 2023.
UK invests $273 million in AI supercomputer as it seeks to compete with U.S., China
The investment comes as the U.K. hosts its landmark AI safety summit, which is being held in Bletchley Park, the home of the World War II codebreakers.
DoubleLine’s Gundlach says interest rates are going to fall as recession arrives early 2024
“I do think rates are going to fall as we move into a recession in the first part of next year,” Gundlach said on CNBC’s “Closing Bell” on Wednesday.
Here are Wall Street’s favorite stocks into November — all expected to rise more than 20%
CNBC Pro screened for stocks that are holding up well, have a consensus rating of buy and are estimated to have at least 20% upside.
The Dow is nearing the dreaded ‘death cross.’ What investors should know
The index’s 50-day moving average is close to crossing over its 200-day moving average, which can signal that momentum is weakening or sentiment is souring.
Space Force awards $2.5 billion in rocket contracts to SpaceX and ULA for 21 launches
The U.S. Space Force assigned 21 rocket launches to SpaceX and United Launch Alliance that are worth about $2.5 billion in total.
Sam Bankman-Fried lawyer says government portrayed FTX founder as a ‘monster’
Closing arguments kicked off on Wednesday in Sam Bankman-Fried’s criminal fraud trial, with prosecutors walking the jury through four weeks of evidence
