Concerned about what your financial situation will be like in a year – or even a few months? With all the worries about economic growth, it is reasonable to worry about a possible recession. But the key is to start preparing now so you’re in the best position with your money should a recession hit … Read more
Constellation Brands (STZ) reported solid first-quarter results before the opening bell on Thursday. The wine, beer, and spirits company reported net sales of $2.36 billion, up 17% year over year and beating Wall Street’s expectations of $2.16 billion. Bottom line, the company said it posted adjusted earnings of $2.66 per share, up 14% year over … Read more
Fee-free trading has entered the world of bitcoins, raising questions about how fee compression can impact crypto trading platform revenue. Last week, the US arm of crypto exchange Binance, which had some of the lowest trading fees, cut spot bitcoin trading fees. Shares of Coinbase, one of its main competitors and known for its expensive … Read more
Meta Platforms CEO Mark Zuckerberg told CNBC’s Jim Cramer on Wednesday that the Metaverse could be a sizeable part of the social network operator’s business in the second half of the decade. “We’re hoping to reach basically around a billion people in the metaverse, doing hundreds of dollars in businesses, each of which is buying … Read more
Concerned investors should stock their portfolios with stocks that have the best chance of weathering market volatility and represent good long-term buying opportunities, analysts said this week. These companies have certain characteristics that Wall Street analysts believe will allow them to emerge on the other side of the turmoil. CNBC Pro scoured the best Wall … Read more
Stocks Are Strongly For Sale, But Are They Cheap? Discounts are not always the same bargain. Much depends on the original price and quality of the goods. And even with last week’s falls on Wall Street, it’s hard to say the market is broadly cheap. But value appears to be building in some corners of … Read more
Unless you’ve been to another planet, you know that on Wednesday the Federal Reserve raised its benchmark interest rate by 75 basis points and promised to further reduce its bond holdings. While investors initially cheered the announcement, sentiment quickly soured as fears mounted that Jay Powell and his team might still not be doing enough … Read more
Suddenly, Wall Street is heavily focused on inflation expectations and a University of Michigan indicator with roots in the 1940s for clues as to how the Federal Reserve will attempt to manage the economy and fight inflation that’s running is a more than 40-year high. The Fed can’t do anything about past price increases, which … Read more
This is Mike Santoli, Senior Markets Commentator at CNBC’s daily notebook for ideas on trends, stocks and market stats. What suddenly alarms the market and causes the dam to collapse? Nothing really sudden, just more of the same – just more. The Federal Reserve and other central banks (Swiss National Bank, Bank of England) behave … Read more
Investors scrambling for safety amid the ongoing market downturn have plenty of buying opportunities, analysts said this week. There are still a number of attractively valued stocks that analysts believe have huge upside potential despite growing concerns that the economy is headed for recession on a 40-year high in inflation. CNBC Pro sifted through recent … Read more