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May 24, 2022

Markets

No recession ahead: Evercore ISI predicts S&P 500 will jump 22% from current levels

CNBC
CNBC – For more and to sign up click here While retail investors head for the exits as stock prices sharply fluctuate, Evercore ISI’s Julian Emanuel wants to put money to work. He calls the market environment very ugly, but he believes the economy will avert a recession — particularly......

Wendy’s shares surge as Trian, its largest shareholder, explores potential deal

CNBC
CNBC – For more and to sign up click here A drive-thru window of a Wendy’s restaurant in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Shares of Wendy’s surged roughly 15% in extended trading Tuesday after a filing revealed hedge fund Trian Partners, its largest shareholder, is exploring......

Rocky markets giving macro funds a boost

Reuters
Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 20, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 24 (Reuters) – Hedge funds that bet on bonds, currencies, stocks and commodities are......

Snap’s ad warning hits Facebook and Google shares. We say don’t join the sellers

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CNBC – For more and to sign up click here The Wall Street Journal reported that Facebook purposely used a broad algorithm to block news in Australia last year, causing pages for charities, emergency services and hospitals to be affected. Rafael Henrique | SOPA Images | LightRocket | Getty Images......

U.S. Navy climate plan calls to curb emissions, electrify vehicle fleet

CNBC
CNBC – For more and to sign up click here U.S. Navy sailors operate onboard the Nimitz-class aircraft carrier USS Harry S. Truman (CVN 75) in the Adriatic Sea, off Split, Croatia February 14, 2022. Milan Sabic | Reuters The U.S. Navy on Tuesday unveiled a climate action plan focused......

Bill Ackman says a more aggressive Fed or market collapse are the only ways to stop this inflation

CNBC
CNBC – For more and to sign up click here Billionaire hedge fund manager Bill Ackman said raging inflation will only dissipate if the Federal Reserve acts more aggressively or the market sell-off turns into a full-on collapse. “There is no prospect for a material reduction in inflation unless the Fed aggressively......

Tech stock rout or temporary blip? Top CEOs weigh in on what’s next for markets

CNBC
CNBC – For more and to sign up click here Monitors display stock market information at the Nasdaq MarketSite in New York, on Friday, Jan. 21, 2022. Michael Nagle | Bloomberg | Getty Images Top CEOs and investors have struck an optimistic tone on the recent sell-off global technology stocks,......

Bitcoin Pizza Day and NFTs: Crypto players take over main strip in Davos even after market crash

CNBC
CNBC – For more and to sign up click here DAVOS, Switzerland — Crypto-related technology companies are out in force at the annual World Economic Forum in Davos, even after a recent market crash that has wiped off billions of dollars of value from the digital currency market. The Promenade,......

Goldman Sachs expects more China real estate defaults, switches to bear case

CNBC
CNBC – For more and to sign up click here Real estate and related industries account for more than a quarter of China’s economy, according to Moody’s estimates. CFOTO | Future Publishing | Getty Images BEIJING — Chinese real estate defaults have increased so much that Goldman Sachs analysts have......

Why China will likely recover more slowly from the latest Covid shock

CNBC
CNBC – For more and to sign up click here As Shanghai tries to reopen businesses, one downtown district over the weekend banned residents from leaving their apartment complexes again for mass virus testing. Pictured here, in another district on May 21, 2022, is a line outside a shopping mall.......

SpaceX president defends Elon Musk over sexual misconduct claims: ‘I believe the allegations to be false’

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CNBC – For more and to sign up click here SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA’s Kennedy Space Center in Florida on May 30, 2020, following the launch of the agency’s SpaceX Demo-2 mission to the International Space Station.......

Stock futures fall after Dow’s 600 point comeback

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CNBC – For more and to sign up click here Stock futures fell in overnight trading on Monday as the markets struggled to sustain a comeback rally following weeks of losses. Futures on the Dow Jones Industrial Average fell 110 points, or 0.36%. S&P 500 futures dipped 0.76% and Nasdaq......

Cramer: Wells Fargo has the potential to be ‘the most explosive stock in the S&P 500’

CNBC
CNBC – For more and to sign up click here “I am very excited about Wells Fargo, and people should buy it here,” Jim Cramer said during Monday’s Club meeting. Source – Click here for more To Return to the Main Aggregate News Page – click here...

Stocks making the biggest moves midday: JPMorgan Chase, Gap, VMWare & more

CNBC
CNBC – For more and to sign up click here People pass the JP Morgan Chase & Co. Corporate headquarters in the Manhattan borough of New York City. Mike Segar | Reuters Check out the companies making headlines in midday trading. JPMorgan Chase – JPMorgan rose 6.2% after the bank......

Photos: Bangladesh and India endure catastrophic floods

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CNBC – For more and to sign up click here Vehicles stuck in the floodwater in Sylhet, Bangladesh, May 17, 2022. Many roads have been submerged due to continuous high rains for several days. Md Rafayat Haque Khan | Eyepix Group | Future Publishing | Getty Images Severe floods in......

Bank balances surged during Covid even as pandemic-era stimulus ended, BofA CEO says

CNBC
CNBC – For more and to sign up click here Bank of America‘s account holders saw strong growth in their balances during Covid and have yet to spend down their pandemic-era stimulus money, CEO Brian Moynihan told CNBC. In an interview on “Squawk Box” from The World Economic Forum in......

Klarna to lay off 10% of its workforce as souring economy hits buy now, pay later space

CNBC
CNBC – For more and to sign up click here Buy now, pay later products like Klarna’s became wildly popular in the Covid pandemic. Noam Galai | Getty Images Klarna plans to lay off about 10% of its global workforce, making the buy now, pay later company the latest major......

IMF head says stablecoins not backed by assets are a ‘pyramid,’ hinting at UST debacle that crashed markets

CNBC
CNBC – For more and to sign up click here DAVOS, Switzerland — Stablecoins that are not backed by assets to support them are a pyramid scheme, the head of the International Monetary Fund said Monday, hinting at the collapse of terraUSD and luna that sent shockwaves through the cryptocurrency......

We’re adding to an underappreciated stock and another that’s right for the moment

CNBC
CNBC – For more and to sign up click here The combination of these purchases speaks to the importance of balancing a long view with a short focus. Source – Click here for more To Return to the Main Aggregate News Page – click here...

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