The S & P 500 ending the first half of the year at a record high is cause for celebration for many, but some Wall Street pros are worried that investors may be getting too excited. Barclays strategist Stefano Pascale was one of several to warn about “froth” in the market in a note to clients on Tuesday. “The Barclays Equity Euphoria Indicator, a proxy of excessive optimism, is back to levels comparable to earlier peaks this year, and not far from the ‘Meme stock frenzy’ and Dotcom era episodes; SPAC IPO issuance have resuscitated, with issuance so far in…
Author: usaeverydaylife
William_potter | Istock | Getty ImagesThe latest version of U.S. President Donald Trump’s “big beautiful bill” could make it cheaper for semiconductor manufacturers to build plants in the U.S. as Washington continues its efforts to strengthen its domestic chip supply chain.Under the bill, passed by the Senate Tuesday, tax credits for those semiconductor firms would rise to 35% from 25%. That’s more than the 30% increase that had made it into a draft version of the bill. Companies eligible for the credits could include chipmakers such as Intel, Taiwan Semiconductor Manufacturing Company and Micron Technology, provided that they expand their advanced…
U.S. Federal Reserve Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs, on Capitol Hill on June 25, 2025 in Washington, DC, U.S.Kent Nishimura | Getty Images News | Getty ImagesIt’s the what-could-have-beens that hurt the most. The childhood sweetheart who moved to a different country. The early opportunity to invest in a company designing graphics chips for games. The lower interest rates if not for tariffs.On Tuesday, U.S. Federal Reserve Chair Jerome Powell confirmed that tariffs — and, specifically, their unexpectedly large “size” — are the chief reason the central bank hasn’t lowered rates…
Case of Modelo, a beer imported from Mexico, are seen for sale at a grocery store in Arlington, Virginia, February 3, 2025, following the announcement of tariffs by US President Donald Trump on important goods from Canada and Mexico.Saul Loeb | Afp | Getty ImagesConstellation Brands on Tuesday reported quarterly earnings and revenue that missed analysts’ estimates as tariffs on aluminum weighed on its profitability.Still, the brewer reiterated its forecast for fiscal 2026, showing confidence that it can hit its financial targets despite the weaker-than-expected quarterly performance and higher tariffs.Shares of the company fell less than 1% in extended trading.…
This report is from this week’s CNBC’s UK Exchange newsletter. Each Wednesday, Ian King brings you expert insights on the most important business stories from the U.K. and the key personalities shaping the news. The newsletter will also highlight other key developments in the U.K. that you won’t want to miss, plus a preview of essential events that are set to make waves. Like what you see? You can subscribe here.The dispatchFor most of this century, the U.K. — and London in particular — has been one of the most popular destinations for the world’s super rich to live, work and…
Here are the opening callsGeneral view of the City of London skyline, the capital’s financial district, in October.Sopa Images | Lightrocket | Getty ImagesWelcome to CNBC’s live blog covering all the action in European financial markets on Wednesday, as well as the latest regional and global business news, data and earnings.Futures data from IG suggests European markets will open higher, with London’s FTSE looking set to open 0.2% higher at 8,804, Germany’s DAX 0.4% higher at 23,803, France’s CAC 40 up 0.5% at 7,702 and Italy’s FTSE MIB up 0.6% at 39,841.The positive start expected in Europe comes as global markets assess the status of trade talks…
Germany’s defense sector is growing as increasing geopolitical tensions have led to a surge in orders. The value of German military exports hit 13.2 billion euros ($15.5 billion) last year, according to preliminary figures — more than double 2020’s 5.82 billion euros . Defense stocks in the country have skyrocketed over the past year as the government passed a historic fiscal package expected to boost defense and infrastructure spending even further. Shares of Germany’s largest defense company Rheinmetall , for instance, are up more than 260% over the last 12 months, while Hensoldt’s are 168% higher. RHMB-FF .GDAXI 1Y mountain…
Chinese electric car company Xpeng displays its mass-market Mona M03 coupe inside a headquarters’ showroom in Guangzhou, China, on Aug. 26, 2024.CNBC | Evelyn ChengBEIJING — Chinese electric car startup Xpeng is keeping up the sales momentum against its rivals, even as BYD expands on its market dominance amid a fierce price war in China.Xpeng said Tuesday it delivered 34,611 cars in June, its eighth-straight month of delivering more than 30,000 cars.Shares rose more than 2% in New York trading. Xpeng did not specify what portion of the deliveries were for its cars with advanced driver-assist, or for its lower-priced…
Nearly half of Americans don’t have a life insurance policy, according to a new study, with wide disparities based on age, gender, income and race.A report from Western & Southern Financial Group found that just 51% of U.S. adults had any kind of life insurance. Western and Southern Life InsuranceAvailable policiesTerm, whole, universal, indexed/fixed indexed universal, key personOnline quote for term policyPolicy highlightsAlong with term policies, Western and Southern offers a dividend-paying whole life plan, a survivorship indexed universal life policy and a key person policy that can protect small businesses.Of those who are covered, about a quarter (26%) only…
U.S. Federal Reserve Chair Jerome Powell looks on, on the day he testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” on Capitol Hill in Washington, D.C., U.S., June 25, 2025. Kevin Mohatt | ReutersIt’s the what-could-have-beens that hurt the most. The childhood sweetheart who moved to a different country. The early opportunity to invest in a company designing graphics chips for games. The lower interest rates if not for tariffs.On Tuesday, U.S. Federal Reserve Chair Jerome Powell confirmed that tariffs — and, specifically, their unexpectedly large “size” —…
