Stock market investors may be underappreciating risk tied to President Donald Trump’s tariff policy, according to Cboe Global Markets’ top volatility expert Mandy Xu. The CBOE Volatility Index , a measure of stock market volatility over the next 30 days, is down nearly 50% from the peak of 60.13 it hit Wednesday. Even though the move coincides with the recent rebound in equities, Xu contends the market gyrations aren’t over just yet. “The macro outlook is a lot more uncertain going forward than what is priced into the equity market right now,” the firm’s derivatives market intelligence head told CNBC’s…
Author: usaeverydaylife
Jane Fraser, CEO of Citigroup, attends a hearing on Annual Oversight of Wall Street Firms before the Senate Committee on Banking, Housing, and Urban Affairs in Washington, D.C., the United States, on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty ImagesCitigroup reported first-quarter earnings before the opening bell Tuesday. Here’s what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting: Earnings: $1.96 per share, vs. expected $1.85 per shareRevenue: $21.60 billion, vs. $21.29 billion expectedWhile its Wall Street peers feasted on booming stock trading revenue in the period, Citigroup’s trading division is much…
An Israeli strike killed a security guard and wounded 10 patients at a field hospital in southern Gaza on Tuesday, according to the director of the medical facility.The deadly attack on the grounds of the Kuwait Specialty Field Hospital came two days after Israel attacked the Al Ahli Arab Hospital in Gaza City, one of the last functioning medical centers in Gaza. Israel has said the strike on the Al Ahli hospital was targeting a Hamas command center, without providing evidence.On Tuesday, the Israeli military said it was looking into the reports about the strike on the Kuwait Specialty Field…
Nvidia may be able to weather a semiconductor slowdown induced by tariff uncertainty, according to Redburn Atlantic. The firm, which has a buy rating on the artificial intelligence chip darling, named Nvidia as a top pick for when turmoil moderates in the space. Its price target of $178 reflects nearly 61% upside from Monday’s close. “We expect corporate narratives on end markets to strike a cautious tone, pointing to macro uncertainty and potential demand softening,” analyst Timm Schulze-Melander wrote in a Tuesday note. “We assess that leading-edge AI and chipmaking investment will prove to be more resilient.” Shares have come…
Traders work on the floor at the New York Stock Exchange in New York City, U.S., April 14, 2025.Brendan McDermid | ReutersTreasury yields rose on Tuesday after a brief pullback on Monday, resuming a sell-off streak as investors continue to move away from U.S. government debt.At 3:59 a.m. ET, the benchmark 10-year Treasury rose almost 2 basis points to trade at 4.384%. The 2-year Treasury yield added 4 basis points to 3.872%.One basis point is equal to 0.01% and yields move inversely to prices.The development follows a week of volatility in the bond market, which saw an over 50-basis-point surge in the 10-year Treasury yield.Although…
A 2019 Nissan Motor Co. Rogue sport utility vehicle (SUV) sits on the lot at a car dealership in Joliet, Illinois, U.S., on Wednesday, Oct. 2, 2019. Daniel Acker | Bloomberg | Getty ImagesNissan will cut Japanese production of its top-selling U.S. model, the Rogue SUV, over May-July, said a person familiar with the matter, becoming the latest global automaker to alter manufacturing plans in response to new U.S. import tariffs.U.S. President Donald Trump’s decision to slap a 25% levy on cars built overseas has upended the global automotive supply chain. Nissan, Japan’s third-largest carmaker, is more exposed than some rivals. The United States is its top market, accounting for more than a…
Brian Moynihan, chief executive officer of Bank of America Corp., during a Bloomberg Television interview in New York, US, on Tuesday, March 19, 2024. Jeenah Moon | Bloomberg | Getty ImagesBank of America is scheduled to report first-quarter earnings before the opening bell Tuesday.Here’s what Wall Street expects:Earnings: 82 cents per share, according to LSEGRevenue: $26.99 billion, according to LSEGProvision for loan losses: $1.58 billion, per StreetAccountTrading Revenue: Fixed income of $3.46 billion, Equities of $2.12 billionBank of America shares have sold off in recent weeks on concern that President Donald Trump’s tariff policies could cause a recession.The company’s stock has fallen…
President Donald Trump’s recently imposed auto tariffs are going to weigh on General Motors in the near term, according to Barclays. The bank downgraded the Detroit automaker to equal weight from overweight and slashed its price target on the name by $30 to $40. That implies more than 11% downside from Monday’s closing level. “While we see some mitigating actions, GM will nevertheless face pressure given nearly half of the vehicles it sells in the US are assembled outside of the US,” analyst Dan Levy wrote in a note to clients on Tuesday. “GM also faces risk on its EV…
An American Airlines plane on the runway at Miami International Airport in Miami, Florida, on Oct. 25, 2024.Joe Raedle | Getty ImagesAmerican Airlines plans to offer Wi-Fi for free starting in January as more carriers opt for complimentary internet service for their loyalty program members, increasing pressure on holdouts.The free Wi-Fi will be sponsored by AT&T and is available for members of American Airlines’ AAdvantage loyalty program, the airline said Tuesday.Read more CNBC airline newsJetBlue Airways has offered complimentary inflight internet for years and Delta Air Lines started offering the free service to its SkyMiles loyalty program members in 2023.United…
Auvers-sur-Oise, a village near Paris famed as an artist’s paradise, is also where Vincent Van Gogh spent his final days and it has long drawn tourists to walk in the tortured painter’s last footsteps. But ever since art experts identified his final work before he took his life, there has been strife in the town. Van Gogh’s final painting was disputed for decades, because he didn’t date his works. But in 2020 experts concluded that gnarled tree roots protruding from a hillside in Auvers, as depicted in his “Tree Roots,” was made on the day he died. This finding may…
