(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for Pro subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are trying to digest the market risk in the escalating conflict between Israel and Iran. One policy expert says the Middle East, along with Ukraine and the tensions in the South China Sea, are forming the biggest overall geopolitical risk for investors in the past 50 years. Worldwide Exchange Word of the Day: Income Simeon Hyman of Proshares Advisors said with rising geopolitical tension, a U.S. port strike and a potential market…
Author: usaeverydaylife
Zoom In IconArrows pointing outwardsCostco continues to chip away at the gold mine that is the precious metals market. The wholesaler is adding Swiss-made platinum bars to its selection.Costco on Wednesday announced the 1-ounce platinum bars, on sale for $1,089.99 on its website alongside its now-famed gold bars and silver coins. The bars are only sold online, and cannot be delivered to Louisiana, Nevada or Puerto Rico, the company said. Interested buyers will also need a Costco membership, which costs between $65 and $130 a year.It’s no surprise the company has continued to delve into the precious metals market. Gold…
Week 4 is in the books — and it still feels weird to say that’s technically not the quarter mark of the season anymore. Whatever. September football is over now, so, spiritually, we’re moving into a new section of the NFL season.In this installment of Quick Outs, we’ve got a couple of star AFC quarterbacks who aren’t playing quite like themselves, a worthy adversary for Brian Flores, and a little appreciation of one of the rarest runners the sport has ever seen.Time to dive in.GO DEEPERNFL Power Rankings Week 5: Believing in the Vikings and rookie check-inLet’s talk about it:…
The best-case scenario for stocks is if Friday’s jobs report comes in slightly above consensus, according to JPMorgan. Investors will be closely scrutinizing the September labor market report, due for release on Friday morning. The numbers come at a precarious time for the economy, after Federal Reserve Chair Jerome Powell has emphasized the U.S. central bank is turning its focus to ensuring a strong labor market. The jobs report will certainly inform the Fed’s next move at its November meeting, and any large divergence from economists’ expectations could send stocks reeling in either direction. With this in mind, JPMorgan traders…
Deutsche Bank is striking a cautious tone on Dover ‘s stock ahead of the industrial conglomerate’s upcoming earnings report. Jim Cramer is saying don’t fall for it. The firm’s wariness on Dover lands not long after the Federal Reserve began its rate-cutting cycle – generally seen as a positive development for economically sensitive corners of the market such as industrials. That’s because lower rates are typically good for businesses’ capital expenditure levels. And yet a recent pair of research reports on industrials – from Deutsche Bank and Barclays – paints a decidedly mixed view on Dover and the group overall, which includes…
Source: Recursion PharmaceuticalsAI drug pioneer Recursion Pharmaceuticals said Wednesday that one of its experimental treatments hit a key milestone.Recursion was able to use its artificial intelligence-enabled drug discovery platform to identify an area of biology to target for the treatment of solid tumors and lymphoma, match it with a drug candidate and move all the way to gaining regulatory approval to begin studies in less than 18 months.”We think that’s a really exciting proof point, not only for us as a company, but I think for the techbio industry as well,” said CEO and co-founder Chris Gibson, in an interview…
Justin Sullivan | Getty ImagesDenim-crazed consumers are turning to Levi Strauss & Co for new jeans, but the company’s overall business is being dragged down by its Dockers brand, which the company is now considering selling off, it announced Wednesday. Sales at Levi’s brand were up 5% during its fiscal third quarter — the biggest gain in two years — but overall revenue came in flat and lower than Wall Street had expected. Shares of Levi’s fell more than 8% in extended trading Wednesday.Here’s how the denim-maker performed compared with what Wall Street was anticipating, based on a survey of analysts by…
Taylor Swift has drawn tons of commentary from NFL fans — including both praise and ire — since she began dating Kansas City Chiefs tight end Travis Kelce last year and became a fixture in the stands. But fans aren’t the only ones with opinions on Swift’s presence at games.The vast majority of players included in The Athletic’s 2024 anonymous NFL player poll — 72.5 percent to be exact — said they viewed the pop star’s interest in the game (and the coverage that stemmed from it) as positive for the league. Only 4.9 percent of players polled viewed it…
Republican presidential nominee and former U.S. President Donald Trump makes a campaign stop at manufacturer FALK Production in Walker, Michigan, U.S. September 27, 2024. Brian Snyder | ReutersA federal judge on Wednesday unsealed a motion by Special Counsel Jack Smith detailing evidence against former President Donald Trump in his criminal election interference case in Washington, D.C.The 165-page document was filed by Smith as part of the prosecutor’s argument that Trump can still be held accountable in criminal court for his efforts to overturn his 2020 election loss despite a Supreme Court ruling finding he has presidential immunity for official acts.The motion…
With Federal Reserve rate cuts now underway, investors may want to make sure they have the right bond strategy. One way to get a predictable source of income — and some comfort in knowing you’ll get your investment back at maturity — is to build a bond ladder. A ladder is essentially owning a series of issues that have staggered maturities. When a bond matures, the money can be reinvested again at the end of the ladder. The strategy is meant to minimize interest rate risks, explained Saraja Samant, a manager research analyst at Morningstar. “When interest rates are going…
