CNBC’s Jim Cramer said Wednesday that investors can find buying opportunities in the market after Wall Street recorded multiple days of losses. The Dow Jones Industrial Average plunged more than 516 points, or 2.17%, to 23,247.97 for its third-straight negative trading session. The S&P 500 and Nasdaq Composite traded 1.7% and 1.55% lower, respectively, for
Take a look at some of the biggest movers in the premarket: Qualcomm (QCOM), Cisco (CSCO), Apple (AAPL), Boeing (BA) – Reports out of China suggest that retaliation against these and other U.S. companies could come if the U.S. goes ahead with plans announced this morning to block chip shipments to China’s Huawei. JD.com (JD)
SpaceX founder Elon Musk addresses the media (Photo by Philip Pacheco / AFP) (Photo by PHILIP … [+] PACHECO/AFP via Getty Images) AFP via Getty Images It started two weeks ago with a simple tweet from billionaire Elon Musk saying that he intended to ‘own no homes’ as part of his life overhaul in which
Home-buying demand is starting to come back. The number of customers reaching out to real estate agents was 5.5% higher in the week ended May 10 than it was prepandemic, according to new data from Redfin. The real estate firm also said new listings have increased every week for the past month. Also, the number
The municipal market closed the week with lower yields again on triple-A benchmarks while the search for high-grade bonds spurred a more active secondary than a typical Friday. Short-term yields continued to drop to record low levels and long-term bonds also rallied. Triple-A benchmark yields were about four basis points lower. In the secondary market,
Certainty is always more abundant than accuracy on Wall Street. Well argued, data laden hypotheses support opinions that drive buyers and sellers. A high-profile money manager and fellow talking head, Mr. I. M. Sureofmyself, was describing his view of how the economic and health care crisis would develop and unfold over the next six to
The New York Stock Exchange floor is reopening — sort of. The decision to partially reopen the floor on May 26, which has been closed since March 23, involved a complicated stew of business, legal and medical issues that many larger businesses throughout the United States will be facing —particularly those where people are required
A view of the charging Bull with a woman in New York City USA during coronavirus pandemic on April 25, 2020. John Nacion | NurPhoto | Getty Images Coming off a volatile week, analysts expect stocks to continue navigating choppy trading as investors try to build a view of what the economy will look like
Daun St. Armand forecasts a change in the luxury market in the wake of the COVID-19 pandemic. CallisonRTKL We’re not the only ones eyeing our homes’ designs while sheltering in place. Also closely examining residential America are architects and designers. Many believe the pandemic’s effects will alter the look and function of tomorrow’s single- and
Labor economist Teresa Ghilarducci began studying retirement in 2008, when the Great Recession was making it impossible for millions of Americans to retire. “The phenomenon of Granny working in McDonald’s really started to ramp up,” said Ghilarducci, who leads the Retirement Equity Lab at The New School in New York. Yet, as bad as it was then,
As long as I can remember, people have worried about ETFs. When I was trading ETFs back in 2005, my partner and I used to wonder if they would increase correlation in the stock market — the property of stocks moving together, like a marching band. Over the short term, as in seconds and minutes,
U.S. Speaker of the House Nancy Pelosi rolled out its HEROES Act on Tuesday without the promised innovative municipal bonds. By the afternoon, Larry Kudlow, the Director of the White House National Economic Council, was on Fox News telling Sean Hannity that President Donald Trump was going to take the legislation under consideration, however the
Consumer spending plunged by a record 16.4% in April, but one category saw a bounce: nonstore retailers. Included in this category, which saw an 8.4% month-over-month increase, is online shopping. With much of the country under shelter-in-place orders during April, consumers increasingly turned towards e-commerce giants like Amazon for their shopping needs. As the pandemic
A shopper wears a protective mask while browsing through the Island Cotton Company store as the state of Florida enters phase one of the plan to reopen the state on May 4, 2020 in Stuart, Florida. Joe Raedle | Getty Images A shocking 16.4% plunge in April retail sales signals an even bleaker outlook for
Many businesses are likely now considering whether some of their operations need to return to the … [+] workspace at all. Getty How might buyer and seller priorities change post-COVID? It’s an interesting question with potentially widespread implications for the housing market as many homeowners and prospective buyers start to revaluate both what they want,
A sign advertising home loan rates for purchase or refinancing at a Bank of America in New York. Scott Mlyn | CNBC The average rate on the popular 30-year fixed mortgage just fell to 3.09%, a record low, according to Mortgage News Daily. A weaker-than-expected read on April’s coronavirus-affected retail sales released Friday contributed to
The biggest problem with exchange traded funds (ETFs) has to do with concept of indexing itself. Indices cover different asset classes (equity, bonds, currencies, commodities), geographical markets or investing styles and strategies. An index, effectively a basket of securities, is provides a proxy for price movements, returns and relative performance of an individual portfolio. Except
The municipal market saw yields grind lower Thursday by as much as seven basis points on the short end. Triple-A benchmark yields on the long end declined four basis points. Yields on all triple-A benchmark curves out to nine years are now below 1%. The largest bumps were again on the very short end of
The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, April 26, 2020. Jeena Moon | Reuters Stock buybacks are on track for the lowest total on record this quarter, according to Bank of America. The sharp economic
A worker wearing a protective face mask operates a forklift to move boxes of face shields ready for shipment at the Cartamundi-owned Hasbro manufacturing facility in East Longmeadow, Massachusetts, U.S., on Wednesday, April 29, 2020. Adam Glanzman | Bloomberg | Getty Images Jobless claims were up by another 2.98 million last week, but within the
Getty The Federal Housing Finance Agency, which oversees the government-sponsored mortgage buying companies, Fannie Mae and Freddie Mac, announced today an extension of the federal halt on evictions and foreclosures. The moratorium is now to last until at least June 30. It was poised to expire this Sunday. “During this national health emergency, no one
The heads of major companies are touting the viability of their employees working from home for the long term — or even “forever,” as Twitter CEO Jack Dorsey said recently — raising questions about the future of a post-coronavirus office market. But like other disasters that hit the U.S. office market, such as the 9/11
Amid the coronavirus-led shutdown, the internet has become an increasingly important part of people’s lives and the economy. As a result, it just makes sense that stock market investors want to invest in internet-related stocks. If you could buy only one ETF on a market pullback, maybe it’s not the S&P 500 ETF SPY, -1.76%,
Colorado needs to cut $3.3 billion from the budget for fiscal year 2021 after the largest revenue drop in the state’s history, officials said. “This pandemic is affecting the global economy, and Colorado is not immune to this economic crisis,” said Gov. Jared Polis. “This is a challenging budgetary environment, and everyone is working hard
Offices of Cutera Inc. in Brisbane, Calif. Google Earth The largest public companies that tapped the government’s emergency relief fund for small businesses nearly all had ready access to other forms of capital, according to a CNBC analysis of filings. Even amid the upheaval caused by the coronavirus pandemic, these companies raised millions of dollars
Retail investors are trading more. The move to $0 commissions is likely a major factor. But there are more things occurring to encourage retail trading, including stay-at-home orders and market volatility. Add it all up and you get electronic brokers reporting trading volumes that are up 100% year over year. In the first quarter alone,
Take a look at some of the biggest movers in the premarket: CyberArk Software (CYBR) – The cybersecurity company reported quarterly profit of 50 cents per share, beating the consensus estimate of 36 cents a share. Revenue also beat forecasts. CyberArk said that due to the pandemic, it expected customers to make “more cautious” purchasing
Buyers and renters in England are now able to take part in viewings and move home as long as they … [+] follow social distancing advice. Getty The U.K. government has today announced their plans for restarting the housing market effective immediately, amending coronavirus regulations and issuing new guidance confirming that private residential buyers and
The coronavirus pandemic has made us all a lot more familiar with our homes. But it has also thrown up a great number of questions over the future of the property market. While global markets were thrown into turmoil in the early days of the outbreak, the property market, broadly speaking, has remained resilient. As
Illinois may jump into the market with its $1 billion long-term general obligation bond deal as soon as Wednesday. Late Tuesday, syndicate members on the negotiated issue were told that the state was preparing to enter the market and to join a call with the state and its financial advisors set for early Wednesday morning.
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