ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyChris Marinac, Janney Montgomery Scott, joins ‘Fast Money’ to talk the results to the Federal Reserves bank stress test.04:3127 minutes ago Source link
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University of Virginia President Jim Ryan speaks during a memorial service on November 19, 2022 in Charlottesville, Virginia.Mike Kropf | Getty ImagesThe president of the University of Virginia is resigning following pressure from the Trump administration to step aside amid a Justice Department probe into the school’s diversity practices.James E. Ryan convened a meeting with his senior leadership on Friday and announced that he would be stepping down, according to a source who attended the UVA Board of Visitors meeting.The Justice Department had demanded Ryan step down in order to resolve an investigation over the school’s diversity, equity and inclusion…
Four years ago, financial advisor Ric Edelman went out on a limb in saying everyone should hold cryptocurrencies. But how much? Low single digits was his recommendation.In his “The Truth about Crypto” book in 2021, Edelman said as low as a 1% allocation was reasonable.A lot has changed.This week, Edelman said financial advisors should be recommending anywhere from 10% to 40% allocations to cryptocurrencies, and he is aware it’s quite a shift in his own thinking.”Today I am saying 40%, that’s astonishing,” he told CNBC’s Crypto World in an interview. “No one has ever said such a thing.”But the “why”…
US President Donald Trump speaks during a news conference in the Brady Briefing Room of the White House on June 27, 2025, in Washington, DC. Andrew Caballero-Reynolds | Afp | Getty ImagesPresident Donald Trump said Friday he may not stick to the deadline in early July when massive U.S. tariffs are set to snap back into effect on a slew of countries.”No, we can do whatever we want,” Trump said at the White House when asked if his deadline was set in stone. “We could extend it. We could make it shorter.” The question had specifically been about July 9,…
The S & P 500 punched through to a new record high on Friday, creating another milestone for a bull market that is now approaching its third birthday. The S & P 500 is up more than 70% since the current bull market began on Oct. 12, 2022, a period of 989 days, according to Bespoke Investment Group . And that’s not even long in the tooth, historically. For example, the bull market between 2009 and 2020 lasted 3,999 days and delivered a 400% return. The bull market that ended with the 2000 popping of the dot-com bubble was even…
Overflowing investor enthusiasm is close to triggering some reliable sell signals in the stock market, according to Bank of America chief investment strategist Michael Hartnett. Money is pouring into equities as well as their fixed income counterpart, high-yield bonds, indicating that investor willingness to shrug off geopolitical headwinds is approaching danger levels, Hartnett said in his weekly note that examines where investors are putting their cash. “Greedy inflows saying take some profits off the table,” the strategist wrote. One specific area where he pointed was the flows to global equity and high-yield fixed income. Over the past four weeks, the…
CNBC’s Jim Cramer still likes Boeing stock despite the pending investigation into the tragic crash of one of the company’s jets in India earlier this month. On June 12, an Air India 787-8 Dreamliner bound for London went down in the western part of the country seconds after it took off. Hundreds were killed. Investors “have to buy” shares no matter the outcome of the crash probe, Cramer said Friday on ” Squawk on the Street .” “This is the kind of company that is working in the market,” he said on television, while earlier recognizing the tragedy. Any fault…
U.S. President Donald Trump speaks to the media, after the U.S. Supreme Court dealt a blow to the power of federal judges by restricting their ability to grant broad legal relief in cases as the justices acted in a legal fight over President Donald Trump’s bid to limit birthright citizenship, in the Press Briefing Room at the White House in Washington D.C., June 27, 2025. Ken Cedeno | ReutersPresident Donald Trump on Friday called New York City Democratic mayoral candidate Zohran Mamdani “a communist,” and said the Big Apple will become “a communistic city” if he is elected mayor in…
Nike stock soared 17% on Friday after the company said the worst of its struggles are behind it, following a better-than-feared fiscal fourth-quarter earnings report. Nike on Thursday reiterated it would take the biggest financial hit from its turnaround plan during the quarter, soothing investors who worried President Donald Trump’s tariff hikes on key Nike manufacturing hubs like China and Vietnam would derail the company’s comeback.Nike posted a poor fourth quarter, as sales dropped 12%, net income plunged 86% and profit margins dwindled. But CEO Elliott Hill stressed the company has emerged from the worst of its slump, and the slide…
It’s been a week of records for the U.S. stock market — and for several stocks in the CNBC Investing Club’s portfolio. The S & P 500 jumped to an all-time high of 6,187.68 Friday, while the tech-heavy Nasdaq Composite rose to a new record of 20,311.51. Both benchmark gauges advanced around 4% from last Friday’s close. These milestones cap off a remarkable comeback for financial markets since April. Stocks were pummeled by President Donald Trump’s “reciprocal” tariff announcement on April 2 as Wall Street panicked over what higher levies would mean for economic growth and geopolitical relations. The S…
