The bond market doubled down on scary warnings Monday, signaling both a possible recession is looming and that the Fed could have to cut interest rates this year to stop it. “People are starting to get fearful,” said Andrew Brenner of National Alliance. “It won’t last for long, but they’re getting fearful about a recession.
Some investors may be freaked out over the recession signal being sent by bond market rates, but if history is a guide, there is still time to capture more gains in the stock market. The so-called ‘yield curve inversion’ where the yield, or interest rate, on shorter term Treasury instruments — in this case the
Check out the companies making headlines before the bell: Biogen — The drugmaker announced a new $5 billion share repurchase program, in addition to the $1.7 billion remaining under a prior authorization. That follows the stock’s plunge last week, following the decision to end a late stage study of an Alzheimer’s treatment that did not
One of Wall Street’s biggest bulls suggests the latest market pullback is no fluke. Federated Investors’ Phil Orlando believes the 2019 rally is increasingly vulnerable to a setback that could reach into the second quarter. Yet, he contends it’s no reason for investors to hunker down. “You’re up about 20 percent from Christmas Eve’s bottom.
Nick Colas asserts the rush of tech IPOs does not point to a market bubble, and he has data to help prove it. The DataTrek Research co-founder lists historical trends one of two reasons why a free fall is unlikely. “We haven’t had a lot of tech IPOs. There were just 52 last year. In
Prudential, the United Kingdom’s largest insurer, said it finished transferring some operations to Luxembourg about a week ago in preparation of Britain’s impending exit from the European Union. The insurer announced earlier this month that it was transferring 36 billion pounds ($47.58 billion) of assets to Luxembourg, which is to become the company’s hub for
Billion-dollar private companies are stampeding to go public this spring. But fear, not excitement, may be driving the herd. After a slow first quarter for public offerings, denim giant Levi Strauss kicked off its debut this week, with shares popping 31 percent on the New York Stock Exchange. The ride-hailing service Lyft is next up
Apple is going to announce its new video streaming service plans at an event in Cupertino, Calif., on Monday, March 25. Over the past few months, CNBC has reported many details on Apple’s plans. But the big open question is the pricing, and whether there will be any discounted bundles that encompass multiple services. A
The Federal Reserve’s policy pivot this week may be too late to save an economy that is suddenly struggling to avoid grinding to a halt. For the first time since before the financial crisis, short-term government bonds are yielding above their longer-duration counterparts, a tell-tale recession sign called an inverted yield curve. But it’s more
Check out the companies making headlines midday Friday: Tiffany — Shares of Tiffany rose 3.41 percent after the jewelry retailer reported mixed fourth-quarter results. The retailer reported earnings of $1.67, 7 cents higher than expected, and revenues of $1.321 billion, missing estimates by $11 million. Tiffany also reported a 1 percent drop in worldwide sales,
New research is casting even more doubt on the legitimacy of bitcoin trading. An analysis published by Bitwise this week shows that 95 percent of bitcoin spot trading is faked by unregulated exchanges. The survey, first reported by The Wall Street Journal, echoes concerns by regulators that cryptocurrency markets are still ripe for manipulation. Bitwise,
Deutsche Bank‘s management board members were handed their first bonuses in four years, according to the bank’s annual report published on Friday. The management board received total pay, including bonuses, of 55.7 million euros ($63.39 million) in 2018, up from 29.8 million euros a year earlier, Deutsche Bank’s annual report said. The bank’s bonus pool
Lyft is in the process of courting investors, but potential buyers still question how and when the company will make money. The ride-hailing start-up is wrapping up the first week of its “roadshow,” a series of presentations across major U.S. cities ahead of its highly-anticipated public offering. Multiple potential investors attending Thursday’s lunch, hosted by
Comcast is making it easier for its broadband-only customers to access streaming video without an outside set-top box. For $5-per-month, Comcast will give its internet-only customers a connected box to watch Netflix, Amazon Prime and other streaming applications, eschewing the need for a separately purchased device such as a Roku, Apple TV or Amazon Fire
Digital payment is becoming increasingly popular in Indonesia — yet 99 percent of transactions by volume are carried out using cash, according to management consultancy McKinsey and Company. To tap the massive potential of Indonesia’s electronic payment market, Go-Pay — the mobile wallet of ride-hailing app Go-Jek — is planning to “strengthen and deepen” its
Levi Strauss priced its initial public offering at $17 per share, the company announced late Wednesday. That number comes in higher than the expected range, valuing the iconic denim company at about $6.6 billion and bringing its total raise to about $623 million. The company was expected to price its offering of about 36.7 million
Stocks are on a roll this year and a chart pattern in the S&P 500 could signal further gains for Wall Street. The S&P 500 formed an “inverse head-and-shoulders” pattern over the past three weeks as it broke above key levels and inched closer to its record high from Sept. 21. An inverse head and
As China’s technology companies have become some of the largest in the world, they’re influencing the investing habits of their employees and customers, and spurring a new business of online stock trading. Real estate remains by far the hottest investment in China, but young people are increasingly turning to new smartphone apps to trade stocks.
One Wall Street firm is recommending its clients buy Lyft weeks before that’s even possible. The second-most popular ride-hailing app is gearing up to list on the Nasdaq at the end of March. According to its regulatory filing, Lyft expects to be valued at $20 billion. Montana- based firm D.A. Davidson isn’t waiting until shares,
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Alphabet. Brian Kelly was a buyer of the VanEck Oil Services ETF. Steve Grasso was a buyer at Square. Guy Adami was a buyer of Anadarko Petroleum. Trader disclosure: On , the following stocks and commodities mentioned
Germany seems to be obsessed with the idea of creating a national banking champion. Is it a way of standing up to the big-ticket U.S. banks? Or reaffirming Germany’s dominance as the biggest European economy? Either way, it looks like the country is pushing to create yet another “too big to fail” bank. Back in
Check out the companies making headlines after the bell: Shares of Tilray were up more than 2 percent in extended trading Monday following the release of the Canadian cannabis company’s fourth-quarter earnings. Tilray reported a loss of 33 cents on revenue of $15.5 million. Wall Street estimated revenue of $14.1 million. Brendan Kennedy, President and
Complacency will make fixing the nation’s healthcare system a daunting task, according to Warren Buffett, whose Berkshire Hathaway recently joined with J. P. Morgan Chase and Amazon to develop a new model for their 1 million employees. Buffett along with Amazon‘s Jeff Bezos and J. P. Morgan‘s Jamie Dimon recently formed the healthcare joint venture