JPMorgan Chase may still be positioned for more gains in 2025 despite its impressive year-to-date run, according to Eddie Ghabour of Key Advisors Wealth Management. The firm’s co-founder and CEO joined CNBC’s ” Power Lunch ” on Monday to offer his take on the stock, as well as a pair of other market movers. Here is what Ghabour said during the “Three-Stock Lunch” segment. JPMorgan Chase Shares of JPMorgan Chase have already rallied 22% this year, with the big bank’s trading desk benefiting from an especially volatile market lately. On Monday, CNBC reported that JPMorgan was overhauling the leadership of…
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WNBA players sent a message to the league ahead of their All-Star Game in Indianapolis Saturday: “Pay us what you owe us.”All of the players on Team Clark and Team Collier wore shirts with the message as they warmed up in front of a sold-out crowd of over 16,000 attendees and millions more viewers at home.The declaration came days after more than 40 players met with the WNBA and failed to reach a new collective bargaining agreement. The players opted out of their last CBA in October and are negotiating for a better revenue-sharing model, higher salaries, better benefits and…
President Joe Biden stands with his son Hunter Biden after the president arrived at the Delaware Air National Guard Base in New Castle, Delaware, June 11, 2024.Anna Rose Layden | ReutersHunter Biden said in a new interview that his father, former President Joe Biden, had been taking Ambien in the period before his first presidential debate last June against then-candidate Donald Trump, and that the prescription sleeping pill contributed to his disastrous performance.”I’ll tell you what, I know exactly what happened in that debate,” Hunter Biden told independent journalist Andrew Callaghan in a lengthy interview published Monday, exactly one year…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailTruist’s Patrick Scholes joins ‘Closing Bell Overtime’ to talk the decision to cut Royal Caribbean’s stock rating and his top picks in the travel sector for the second half of the year. Source link
Beata Zawrzel | Nurphoto | Getty ImagesGoogle announced Monday the removal of nearly 11,000 YouTube channels and other accounts tied to state-linked propaganda campaigns from China, Russia and more in the second quarter.The takedown included more than 7,700 YouTube channels linked to China.These campaigns primarily shared content in Chinese and English that promoted the People’s Republic of China, supported President Xi Jinping and commented on U.S. foreign affairs.Over 2,000 removed channels were linked to Russia. The content was in multiple languages that supported Russia and criticized Ukraine, NATO and the West.Google, in May, removed 20 YouTube channels, 4 Ads accounts,…
It’s time to brace for a shakeout, according to BTIG. The market is flaring some near-term warning signals. As of Sunday, the Nasdaq 100 — which is comprised of the 100 largest companies excluding financials in the Nasdaq stock exchange — has gone 60 straight trading days without closing below its 20 day moving average, a short-term trend indicator. That’s a troubling signal when you consider the last time the Nasdaq 100 sustained this sort of momentum was back in 1999, a little before the dot-com bubble burst. “The Nasdaq 100 has now gone 60 trading days without closing below…
Pepsi Prebiotic Cola.Courtesy: PepsiCoPepsiCo on Monday announced that it will launch a prebiotic cola under its namesake soda brand, starting this fall.Pepsi Prebiotic Cola comes just four months after the beverage giant announced its $1.95 billion acquisition of upstart Poppi. Soda consumption has broadly fallen over the past two decades in the U.S. But prebiotic sodas, fueled by Poppi and fellow newcomer Olipop, have won over health-conscious consumers over the past five years with their gut-health claims. The acquisition closed in May.Prior to the deal, Pepsi had reportedly aimed to launch its own functional soda under its Soulboost brand, but canceled those…
In this photo illustration, the logo for the US tech firm “Block” is displayed and reflected in a number of digital screens on March 03, 2023 in London, England. Leon Neal | Getty ImagesBlock shares jumped 7% on Monday after S&P Global said the company will join the S&P 500, replacing Hess, which was acquired by Chevron’s for $54 billion.The stock rose following the announcement late Friday as investors sought to get in ahead of index fund managers, who will need to buy shares to mimic the changes. Square’s $48 billion market cap at Monday’s close places it well above the…
Stocks such as Chipotle Mexican Grill and Southwest Airlines are among the names that could see sharp movements this week on the back of their latest earnings. The second-quarter earnings season seems to be off to a good start, with 12% of the S & P 500 ‘s components already reporting results. Of these companies, about 85% have posted a positive earnings surprise, according to FactSet. Looking ahead, CNBC Pro screened for stocks that could outperform this week in response to their latest quarterly results, specifically by examining forecast moves based on their actions in the options market. Below is…
Bond investors still have one of the most attractive entry points in decades to generate portfolio income, according to Vanguard. Though off their highs of the year, yields have remained elevated across the Treasury and credit markets. The 10-year Treasury yield is currently around 4.4% and the Vanguard Total Bond Market ETF (BND) , which provides broad exposure to the taxable investment-grade U.S. market, has a 30-day SEC yield of 4.39%. Bond yields move inversely to prices. BND YTD mountain Vanguard Total Bond ETF year to date Fixed income has also been a stabilizer to portfolio performance this year thanks…
