(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 Friday morning were getting ready for September with the tech trade on their minds, as well what the market is saying about a possible recession. The tech trade and the broadening market Matt Maley of Miller Tabak says if tech continues to trade lower it could threaten the overall market despite the rotation that has pushed healthcare, industrials and materials to record highs. “The big cap tech names are so highly weighted…
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Lululemon lowered its guidance and posted its first revenue miss in more than two years on Thursday after it botched a highly anticipated product launch and growth slowed in the Americas. The company now expects full-year net revenue to be between $10.38 billion and $10.48 billion, down from a previous range of between $10.7 billion and $10.8 billion. Lululemon anticipates earnings per share will be in a range of $13.95 to $14.15, down from previous guidance of $14.27 to $14.47.Here’s how company did in its fiscal second quarter compared with what Wall Street was anticipating, based on a survey of analysts by…
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024.David A. Grogen | CNBCWarren Buffett turned 94 on Friday and his sprawling, one-of-a-kind conglomerate has never been worth more than it is today.Berkshire Hathaway became the first non-technology company to top a $1 trillion market capitalization this week. Berkshire Class A shares also topped $700,000 apiece for the first time ever.Howard Marks, a great investor in his own right and friend of Buffett’s, credits three things that have allowed the ‘Oracle of Omaha’ to lead Berkshire to new heights, even…
The content creator platform at the 2024 Democratic National Convention in Chicago, Ill.Democratic National Convention staffMore than 200 digital content creators will attend the Democratic National Convention in Chicago this week with dedicated “creator credentials” that will grant these influencers special access to the party’s convention.”Bringing creators to our convention will multiply our reach and ensure that everyone can witness democracy in action,” Cayana Mackey-Nance, director of digital strategy for the Democratic National Convention Committee, said in a statement to CNBC.Creators are individuals who make money by posting content on the internet that advertisers pay to sponsor. They make no…
Economy29 February 2024, 12:59 pm 1 minute Reuters exclusively reported that the European Central Bank will continue putting a “floor” under market interest rates in the years to come, but banks will play a greater role in deciding how much liquidity they want. Market ImpactThe ECB is reviewing how it steers short-term interest rates in a new era in which inflation is higher and the massive amount of cash pumped into the banking system via stimulus programmes over the last decade is no longer needed and even creates some unwanted side-effects. Article TagsTopics of Interest: EconomyType: Reuters BestSectors: Economy &…
Economy05 March 2024, 2:20 pm 1 minute Reuters was first to report on Chinese Premier Li Qiang’s announcement of an ambitious 2024 economic growth target of around 5% at the annual meeting of the National People’s Congress. Market ImpactLast year’s uneven growth laid bare China’s deep structural imbalances, from weak household consumption to increasingly lower returns on investment, prompting calls for a new growth model. Article TagsTopics of Interest: EconomyType: Reuters BestSectors: Economy & PolicyRegions: AsiaCountries: ChinaWin Types: SpeedStory Types: Exclusive / ScoopMedia Types: TextCustomer Impact: Significant National Story Source link
Economy08 March 2024, 3:29 pm 1 minute Reuters exclusively reported that European Central Bank policymakers overwhelmingly back June for a first interest rate cut and some have informally floated the idea of a further move in July to win over a small group that would prefer an earlier start. Market ImpactFinancial markets now expect four ECB interest rate cuts this year, starting in June, implying cuts at all except one meeting between June and December. Article TagsTopics of Interest: EconomyType: Reuters BestSectors: Economy & PolicyRegions: EuropeWin Types: ExclusivityStory Types: Exclusive / ScoopMedia Types: TextCustomer Impact: Important Regional Story Source link
Economy18 March 2024, 1:36 pm 1 minute Reuters exclusively reported that India’s central bank is stepping up its fight against “exuberance” in retail lending, targeting new areas including mortgage-linked “top-up” loans, on concern about rising risks to the financial system. Market ImpactCredit extended by India’s banks has been rising about 16%annually, more than double the economy’s scorching 7.6% forecast growth for the financial year ending this month, despite 2.5 percentage points of RBI interest-rate hikes over the past two years. Article TagsTopics of Interest: EconomyType: Reuters BestSectors: Economy & PolicyRegions: AsiaCountries: IndiaWin Types: ExclusivityStory Types: Exclusive / ScoopMedia Types: TextCustomer…
Economy05 April 2024, 11:20 am 1 minute Reuters exclusively reported that the Bank of Korea is considering overhauling how it provides guidance on the likely future path of interest rates by extending the timeframe and giving visual estimates in a bid to boost transparency. Market ImpactSouth Korean authorities have been trying to introduce reforms across financial markets as the export powerhouse attempts to improve governance, transparency and communication. Article TagsTopics of Interest: EconomyType: Reuters BestSectors: Economy & PolicyRegions: AsiaCountries: South KoreaWin Types: ExclusivityStory Types: Exclusive / ScoopMedia Types: TextCustomer Impact: Significant National Story Source link
EconomyGovernment08 April 2024, 2:57 am 1 minute Reuters exclusively reported that Thai Prime Minister Srettha Thavisin called on the central bank to cut its key interest rate by at least a quarter point to support government efforts to revive Southeast Asia’s second-largest economy. Market ImpactThe central bank resisted government pressure to ease policy, leaving its key interest rate unchanged for a third straight meeting two days after the prime minister’s comments. Article TagsTopics of Interest: EconomyGovernmentType: Reuters BestSectors: Economy & PolicyRegions: AsiaCountries: ThailandWin Types: ExclusivityStory Types: Exclusive / ScoopMedia Types: TextCustomer Impact: Significant National Story Source link
