With the Federal Reserve expected to announce another rate cut on Wednesday, investors may be looking for fresh income opportunities. Markets are pricing in nearly 100% odds that the Federal Open Market Committee will slash the federal funds rate by 25 basis points, or a quarter percentage point, according to the CME FedWatch tool . The central bank is also expected to decrease rates again when it next meets in December. Yields on short-dated assets, like money market funds and Treasury bills, are expected to follow. “If you’re still sitting in a lot of cash, extending duration now makes sense,…
Author: usaeverydaylife
Certain stocks that show a larger than usual sensitivity to declines in short-term interest rates could take off if the Federal Reserve cuts again on Wednesday and signals more easing is ahead. If history repeats itself, names like Blackstone and AvalonBay Communities should rally into year-end. The central bank’s movement of its overnight benchmark influences short-term rates directly, so CNBC PRO looked to identify the stocks that move the most off changes in the 2-year Treasury yield. So far, the Fed’s rate cut last month and indications by central bank members that it would lower again this month have caused…
Could Apple expectations be any higher? The Club stock made history Tuesday, eclipsing a $4 trillion market capitalization for the first time ever, joining fellow portfolio names Nvidia and Microsoft above that level. (Nvidia on Wednesday became the first company to go above a $5 trillion valuation .) Apple shares closed just below the $4 trillion milestone Tuesday and were back and forth a session later. The remarkable comeback for Apple shares, which earlier this year were left for dead, occurred as CEO Tim Cook got on the right side of President Donald Trump ‘s desire to bring manufacturing back…
Sergio Ermotti, CEO of UBS, discusses high market valuations and the resilience of private credit with CNBC’s Carolin Roth. Source link
Nvidia (NVDA) remains the dominant force in AI computing — becoming the first company to reach a market capitalization of $5 trillion — as it transforms from a chipmaker into the essential platform powering the global shift toward accelerated computing and generative AI. The company’s new Blackwell architecture is driving a fresh product cycle, supported by expanding partnerships with major hyperscalers and rapid adoption of Spectrum-X networking, which extends NVDA’s influence across the entire data center stack. With management guiding to another record quarter and visibility into a $2T+ AI infrastructure opportunity, NVDA continues to combine exceptional growth, profitability and execution at…
Target’s merchants and designers have drawn inspiration from traveling to rodeos, ski lodges and college campuses. Some of the retailer’s fall accessories have western accents, such as purses with fringe and cowgirl-inspired hats.Melissa Repko | CNBCMINNEAPOLIS — When shoppers browse Target’s aisles this fall, they will see purses with fringe accents, dresses made of suede-inspired fabrics and hats with a cowgirl flair. As winter comes, they’ll find cozy sweaters with a ski lodge spin.Target’s creative team has traveled the world to find inspiration for its brands, from a rodeo in Colorado to ski lodges in the French Alps and restaurants in…
Cheng Xin | Getty Images News | Getty ImagesFiserv’s stock plummeted 44% Wednesday and headed for its worst day ever after the fintech company cut its earnings outlook and shook up some of its leadership team.”Our current performance is not where we want it to be nor where our stakeholders expect it to be,” wrote CEO Mike Lyons in a release.For the full year, Fiserv now expects adjusted earnings of $8.50 to $8.60 a share for the year, down from a previous forecast of $10.15 and $10.30. Revenues are expected to grow 3.5% to 4%, versus a prior estimate of…
Digital render of NEOM’s The Line project in Saudi ArabiaThe Line, NEOMWhen Saudi Arabia first announced plans to reinvent its oil-based economy, huge infrastructure projects like the futuristic region NEOM and smart city The Line were championed as central to the transformation.Almost a decade on from the launch of its “Vision 2030″ transformation strategy, however, and Riyadh’s priorities have shifted with the times.Now, technology and artificial intelligence are key priorities for the kingdom.”We’re reprioritizing a little bit towards sectors that need it the most, and today it’s technology, artificial intelligence,” Faisal Alibrahim, Saudi’s economy minister, told CNBC Wednesday.”We want to…
Check out the companies making headlines in premarket trading. Nvidia — Shares climbed 3.5% in Wednesday’s premarket trading, building on the rally of around 5% seen in the prior session. The chipmaker is now closing in on the $5 trillion market cap milestone , which no other company has hit before. Boeing — The aerospace company whipsawed after it reported its latest quarterly results. For the third quarter, Boeing posted $23.27 billion in revenue, above the $21.97 billion that analysts surveyed by LSEG were expecting. However, it posted a steeper loss than expected, reporting $7.47 in adjusted loss per share…
Bank of America is bullish on Apple ahead of its Thursday earnings report. Analyst Wamsi Mohan reiterated his buy rating on the iPhone maker and lifted his price objective to $320 per share from $270. Mohan’s updated target implies a 19% upside for the stock. Mohan said that despite the company’s large size, it is poised for sustained growth over the long term. AAPL YTD mountain AAPL YTD chart Mohan pointed out that Apple is a beneficiary of the artificial intelligence trade, and eventually sees it emerging as a leader. Meanwhile, the company’s current brand, ecosystem and base gives it…
