Investing

U.S. market indicators are signaling that the economy could slow in 2019, former deputy Treasury Secretary Roger Altman told CNBC on Monday as markets closed early ahead of Christmas. The major averages saw the worst Christmas Eve trading session in history as the Dow Jones Industrial Average shed over 650 points and the S&P 500
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The U.S. Treasury Department had no concerns about liquidity whatsoever when Treasury Secretary Steven Mnuchin called the heads of the six largest U.S. banks on Sunday, a senior Treasury official told CNBC’s Sara Eisen on Monday. The calls were intended to be a check-in with the executives on Federal Reserve Chairman Jerome Powell, the government
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President Donald Trump on Monday escalated his attacks on the Federal Reserve in a Christmas Eve tweet, claiming the central bank doesn’t “have a feel for the Market,” and “the only problem our economy has is the Fed.” tweet Trump has been complaining for months about Fed monetary policy, claiming rising interest rates are putting
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“I think the Fed is making a mistake. They are so tight. I think the Fed has gone crazy,” the president told reporters in October. The independence of the Fed is one of the pillars of confidence global investors have in the U.S. financial system. Powell’s removal would undermine that confidence because it would now
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Federal Reserve Chairman Jerome Powell‘s tone after this week’s monetary policy meeting signals he’s trying to break the market’s “co-dependence” on the central bank, economist Mohamed El-Erian told CNBC on Friday. El-Erian, chief economic advisor at Allianz, speculated that Powell, in reaction to stocks sinking Wednesday and Thursday following his news conference, would probably say
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Palo Alto Networks Inc.: “This is a stock, right now, that I am telling members of the ActionAlertsPlus.com club that they should be buying. My charitable trust owns it. Why? Because is there a greater trend in the world than the Chinese spying on us and hacking us that we actually have to go after
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Robinhood’s botched attempt to launch checking and savings accounts did not go over well with lawmakers. In a letter to regulators Thursday, U.S. senators said they were “concerned” that Robinhood and other fintech companies may be dodging regulatory scrutiny. They asked U.S. financial watchdogs how they plan to police start-ups that are moving into banks’
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In some cases, buying shares of companies facing lawsuits can pay off if you’re patient and willing to withstand headline risk, CNBC’s Jim Cramer said Wednesday. Right now, there are five high-profile situations “where lawsuits are or could be front and center” for stocks, Cramer said: the Qualcomm-Apple dispute, the lawsuits facing Johnson & Johnson
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When it comes to the nascent U.S. economic slowdown, figuring out where to place the blame is more nuanced than it seems, CNBC’s Jim Cramer argued Tuesday. President Donald Trump’s tariffs on Chinese goods and the Federal Reserve’s interest rate policies have emerged as the leading causes, he said. But when he talks to his
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Year-end planning has a whole new look now that a few popular tax deductions have gone away. The Tax Cuts and Jobs Act raised the standard deduction and did away with personal exemptions and some of the most commonly used deductions, such as job-search expenses, the fees you pay your tax preparer, investment expenses and
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Consumer products giant Nestle’s $7.15 billion deal for the rights to sell Starbucks products at its international locations will greatly benefit both massive companies, Nestle CEO Mark Schneider told Cramer in a joint interview with Starbucks chief Kevin Johnson. “I think this really plays to the strengths of both companies,” Schneider said. “It allows Starbucks
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