The US stock market was rocked by hotter-than-expected inflation data Tuesday as financial markets brace for the possibility that the Federal Reserve may keep interest rates higher for longer than hoped. The S&P 500 Index is down 1.1% after core US consumer prices climbed by most in eight months. If that holds into the close, … Read more
Google shares jumped Thursday, a day after the company announced its latest artificial intelligence model called Gemini. Google executives said Gemini outperforms OpenAI’s GPT-3.5, but the company did not share how it compares with OpenAI’s latest model, GPT-4. Analysts are encouraged by Google’s progress in AI, but questions remain about how the company will monetize … Read more
Watch out tech stocks. Real estate finished November as the second best performing group in the S&P 500 Index. The sector added 12%, nipping at the heels of tech’s 13% gain. The momentum was fueled by—as with most everything right now—bets the US Federal Reserve is not only done raising rates, but will begin cutting … Read more
Wall Street Strategists Turn Ever Bullish Just as Stocks Slump Bloomberg Source link
The market for new preferred shares in the US is reopening after a near half-year freeze, raising hopes that this crucial source of capital — especially for the nation’s major lenders — is returning to normal. Money manager Apollo Global Management Inc. is offering $250 million of preferredsBloomberg Terminal on Wednesday, following Goldman Sachs Group … Read more
Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. Beset by worriesMajor U.S. indexes tumbled, weighed down by losses in … Read more
A woman walks past JPMorgan Chase & Co’s international headquarters on Park Avenue in New York. Andrew Burton | Reuters This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you … Read more
New social media videos are start to removing the stigma tied to spending decisions. As lifestyle choices become more transparent, that may ultimately help people become wealthier, experts say. Photo taken in Amalfi, Italy Sergio_pulp | Istock | Getty Images “Have you ever been broke, but no one believes you because you don’t look like … Read more