Stocks Dip, Salesforce, Costco, Five Below And GE-5 Things To Know

Stocks Dip, Salesforce, Costco, Five Below And GE-5 Things To Know

Five things you need to know before the market opens on Thursday December 1: 1. — Stock Futures Drift Lower After Powell-Induced Rally US equity slipped lower Thursday, following on from one of the strongest rallies on Wall Street in months, as investors looked to a key inflation reading that could add weight to a … Read more

Bold hints to slower interest rate hikes

Bold hints to slower interest rate hikes

Fed hints at slower interest rate hikes – CBS News Watch CBS News Federal Reserve Chair Jerome Powell said Wednesday that the Fed could slow interest rate hikes as soon as December. Larry Adam, chief investment officer at Raymond James, joined CBS News to discuss Powell’s comments and what it could mean for the economic … Read more

US stocks have worst day in nearly three weeks as hawkish Fed speaks, China worries rattle markets

US stocks have worst day in nearly three weeks as hawkish Fed speaks, China worries rattle markets

US stocks had their worst day in nearly three weeks on Monday as protests in China raised global-growth risks and Federal Reserve officials said more interest-rate increases will be needed to subdue inflation. How stocks trade The Dow Jones Industrial Average DJIA, -1.45% finished down by 497.57 points, or 1.5%, at 33,849.46, not far from … Read more

Collapse of Carvana, the ‘Amazon of Used Cars’, Continues

Collapse of Carvana, the ‘Amazon of Used Cars’, Continues

The sky is not clearing up for Carvana. On the contrary, big clouds continue to gather over the company which was one of the big winners of the covid-19 pandemic, with a massive growth. Since announcing its quarterly results on Nov. 3, Carvana (CVNA) – Get Free Report shares have lost 44% of their value … Read more

Schwab’s Liz Ann Sonders Sees Trouble Still Ahead. Where to Invest Now.

Schwab’s Liz Ann Sonders Sees Trouble Still Ahead.  Where to Invest Now.

Although the US stock market looks healthier than it did during its rough patch over the summer, Charles Schwab Chief Investment Strategist Liz Ann Sonders sees potential trouble still ahead, especially as investors have yet to come to terms with the Federal Reserve not flipping from raising rates to cut them soon, barring a crisis. … Read more

Did Bullard undershoot? Stifel economists say fed funds rate may need to go to 8% or even 9%.

Did Bullard undershoot?  Stifel economists say fed funds rate may need to go to 8% or even 9%.

A day after a Federal Reserve official’s market-moving admission that interest rates may need to go to as high as 7%, analysts came up with an even more surprising conclusion: that 7% still won’t be high enough to win the fight against inflation. In a presentation made on Thursday in Louisville, Ky., St. Louis Fed … Read more

US home sales decline for ninth straight month

US home sales decline for ninth straight month

US home sales decline for ninth straight month – CBS News Watch CBS News U.S. home sales fell 5.9% in October, and have fallen 28.4% since last year, according to new numbers from the National Association of Realtors. Mark Lehmann, chief executive officer for JMP Securities joined CBS News to discuss the volatile state of … Read more

MoneyWatch: Americans delaying financial milestones

MoneyWatch: Americans delaying financial milestones

MoneyWatch: Americans delaying financial milestones – CBS News Watch CBS News From the coronavirus pandemic to inflation, Americans have spent the last two-and-a-half years delaying big purchases and even avoiding events due to economic uncertainty. Ted Rossman, senior industry analyst at Bankrate, joins CBS News to discuss a new survey that shows where people are … Read more

Transmission of rate hikes to market interest rates to rise in coming months: CRISIL

Transmission of rate hikes to market interest rates to rise in coming months: CRISIL

With reducing liquidity, the transmission of rate hikes to market interest rates will increase in the coming months, according to CRISIL. This could take some steam off the strength in credit growth and hit growth by next year, opined the credit rating agency. “The RBI’s rate hike of 190 basis points so far this fiscal … Read more

Biden-Xi meeting giving hope to global economy

Biden-Xi meeting giving hope to global economy

Biden-Xi meeting giving hope to global economy – CBS News Watch CBS News The meeting between President Biden and Chinese President Xi Jinping was seen as a good sign by traders who bet on the markets. Eswar Prasad, the Tolani senior professor of trade policy at Cornell University, joined CBS News’ John Dickerson to discuss … Read more