Finance

Investor Paul Meeks is avoiding the group that made him famous. Meeks, who’s known for running world’s biggest tech fund for Merrill Lynch during the dot-com boom and subsequent collapse, is questioning valuations following the impressive run from the recent lows. “I’m neutral to frankly a little bit bearish on the sector that I’ve covered
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Larry Kudlow, Director of the United States National Economic Council. Adam Jeffery | CNBC Larry Kudlow, director of the National Economic Council, is “very optimistic” about the health of the U.S. economy but believes the Federal Reserve should “take back the interest rate hike” it made in December because of low inflation. “We are still
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The “Fast Money ” traders shared their first moves for the market open. Tim Seymour was a buyer of McDonald’s. Carter Worth was a buyer of Domino’s Pizza. Mark Tepper was a buyer of UnitedHealth. Dan Nathan was a seller of Procter & Gamble. Trader disclosure: Tim Seymour is long AMZN, AAPL, ACBFF, ACRGF, AMZA,
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Loretta Mester Jodi Gralnick | CNBC The Federal Reserve can afford to stand its ground on interest rates while it watches how challenges to economic growth unfold, Cleveland Fed President Loretta Mester said Tuesday. Speaking in London, the central bank official said she holds a “positive baseline outlook” on the economy though she is monitoring
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Traders work on the floor at the New York Stock Exchange, May 23, 2019. Brendan McDermid | Reuters It’s no secret that machines are taking up a bigger and bigger share of investing, but the extent of their influence is approaching shocking proportions. It is as high as 80%, according to one major investing firm.
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David Marcus, vice president of messaging products for Facebook Inc., speaks during a Bloomberg Television interview on the sidelines of the Wall Street Journal D.Live global technology conference in Laguna Beach, California, U.S., on Wednesday, Oct. 18, 2017. Patrick T. Fallon | Bloomberg | Getty Images David Marcus, the Facebook exec who helped hatch its Libra
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People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images Check out the companies making headlines midday Friday: J.P. Morgan Chase, Goldman Sachs, Citigroup — Shares surged more than 2% after the Federal Reserve said all major U.S.-based banks passed the central bank’s annual stress
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Norma Butterfield, mother of Slack Technologies CEO Stewart Butterfield, rings a ceremonial bell along with New York Stock Exchange (NYSE) President Stacey Cunningham during the Slack direct listing in New York, U.S. June 20, 2019. Brendan McDermid | Reuters Casey Stengel once said, “Never make predictions, especially about the future.” If you’re looking to prove
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The Middle East and Africa have seen many changes in terms of digital transformation, but there’s still “huge upside,” and financial technology firms are looking for opportunities there, according to a financial services regulator in the region. “Compared to a few years ago, now, we have a very vibrant marketplace,” said Richard Teng, chief executive
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