U.S. Treasury yields are sliding, and that could negatively impact financial institutions, CNBC’s Jim Cramer said Monday. “Worries about a worldwide slowdown mean people will buy [U.S.] Treasurys, and when people buy Treasurys, interest rates go down,” the “Mad Money” host said. “Lower long-term rates translate to lower earnings for the banks, which is why
Month: January 2020
American multinational sport clothing brand Nike store seen in Hong Kong. Budrul Chukrut | SOPA Images | Getty Images The deadly coronavirus, whose spread accelerated around the globe, is battering the stock market, and some U.S. companies are particularly vulnerable to the disease as their growth has been driven by Chinese consumers. Wall Street analysts
Finding the right advisor to help with your financial needs and goals can be complicated. There are so many factors to assess. Many advisors will use a high asset under management as a selling point metric when marketing themselves to potential investors. However, AUM isn’t the whole story when a potential client is determining which
Hero Images | Hero Images | Getty Images Many Americans believe they will live longer than their parents. For younger generations, that has led to a big concern: how they will provide financially for those extended years. That’s according to a new online poll from the Longevity Project and Morning Consult, which surveyed 2,200 U.S.
Three weeks after he escaped from Japan, former Nissan Chairman and CEO Carlos Ghosn is relishing his newfound freedom and his ability to speak out about the Japanese justice system. He also has a warning for foreign executives in Japan: Watch your back. Carlos Ghosn, former chief executive officer of Nissan Motor Co. and Renault
People visit Estee Lauder booth on day two of the 2nd China International Import Expo (CIIE) at the National Exhibition and Convention Center on November 6, 2019 in Shanghai, China. The 2nd China International Import Expo (CIIE) is held in Shanghai on November 5-10. (Photo by Xu Congjun/VCG via Getty Images) Xu Congjun | VCG
Jim Cramer Scott Mlyn | CNBC Investors who were waiting for the market to sink so they could buy stocks at cheaper prices should stay on the sidelines a little longer, CNBC’s Jim Cramer said Monday. “This is the panic people have been waiting for,” Cramer said on “Squawk on the Street,” referring the worst
Further, more than three-quarters of those polled said they won’t pay off their balances in full by the end of January, which means they will also add hefty interest charges to those bills. From month to month, credit cards are one of the most expensive ways to borrow money. Card rates now stand at 17.4%,
The news of Kobe Bryant’s death continues to shock not only the National Basketball Association but the sports world in general. Athletes from New England Patriots star quarterback Tom Brady to boxing legend Mike Tyson shared their reactions to Bryant’s passing on social media, joining many who were completely stunned and saddened by the passing
A Chinese passenger that just arrived on the last bullet train from Wuhan to Beijing is checked for a fever by a health worker at a Beijing railway station on January 23, 2020 in Beijing, China. Kevin Frayer | Getty Images BEIJING — Preliminary data show the scale at which the coronavirus outbreak is affecting
A Chinese health worker checks the temperature of a woman entering a subway station during the Chinese New Year and Spring Festival on January 25, 2020 in Beijing, China. Kevin Frayer | Getty Images More than 2,700 people in China are now said to have been infected by the fast-spreading coronavirus while more countries have
Long-time market bull Art Hogan is on pullback alert. With the busiest period of earnings season kicking off this week, the National Securities chief market strategist warns conditions are ripe for a significant move lower. “Stocks are relatively priced for perfection, and you tend to have a bit of an overreaction to bad news or
Lizzo performs onstage at Spotify Hosts “Best New Artist” Party at The Lot Studios on January 23, 2020 in Los Angeles, California. Rachel Murray The 62nd annual Grammy Awards kick off Sunday night with lineup of the music industry’s top artists set to perform and take home tiny gold gramophone trophies. Lizzo, the pop and
Visa Inc. credit and debit cards are arranged for a photograph in Washington, D.C., U.S., on Monday, April 22, 2019. Andrew Harrer | Bloomberg | Getty Images Financial technology start-up Currencycloud, which powers cross-border payments for a number of popular finance apps, has raised $80 million in a funding round backed by Visa. Based in
Will Smith and Martin Lawrence star in “Bad Boys For Life.” Sony Will Smith and Martin Lawrence’s third turn as Mike Lowrey and Marcus Burnett continued to gain steam at the box office this weekend. “Bad Boys For Life” remained the top-grossing flick at the domestic box office for the second week in a row,
Sean Connery, as James Bond. Bettmann | Getty Images There is now significant and potentially irreversible inequality in the world of media. If you’re looking for an equalizing force, don’t bet on it happening in 2020. Two major shifts in the past year have made scale — the concept of being as big as possible
If you were hoping to keep your bitcoin stash under wraps from the IRS, think again. As the 2019 tax season kicks off on Jan. 27, the taxman is expecting you to disclose whether you had any cryptocurrency transactions last year. The IRS asks the following question on the first page of Schedule 1 of
A laboratory technician works with a pipette at the Institute of Virology at the Charité Berlin Mitte, where investigations on coronavirus are underway. Christophe Gateau | Getty Images The third U.S. case of coronavirus has been confirmed in Orange County, California, the OC Health Care Agency’s Communicable Disease Control Division announced in a press release
Workers assemble washing machines at the Whirlpool Corp. manufacturing facility in Clyde, Ohio, U.S. Luke Sharrett | Bloomberg | Getty Images Here are the most important things to know about Monday before you hit the door. 1. Whirlpool to report earnings Whirlpool is on deck to release its fourth-quarter earnings after the bell on Monday.
Health care members make first aid to people as they cover their faces with sanitary masks after the first cases of coronavirus have been confirmed in Hong Kong. Miguel Candela | Getty Images President Xi Jinping on Saturday warned that the spread of the coronavirus presents a “grave situation,” as officials from central China to
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