The Federal Reserve Board on Thursday projected the potential for a rockier road ahead for banks than it did a year ago, but said the 33 financial institutions it reviewed passed its annual stress … [Read more...] about Fed says banks could withstand 10% unemployment, 55% stock price drop in annual stress test
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Intel warns Ohio factory could be delayed
Patrick Gelsinger, Intel CEO, at the WEF in Davos, Switzerland on May 23rd. 2022.Adam Galica | CNBCA large chip factory currently in the early stages of being built outside of Columbus, Ohio, could … [Read more...] about Intel warns Ohio factory could be delayed
CDC panel recommends Moderna two-dose Covid vaccine for kids ages 6 to 17
The Centers for Disease Control and Prevention is expected to clear Moderna's two-dose Covid-19 vaccine for kindergartners through high schoolers for public distribution this week after the agency's … [Read more...] about CDC panel recommends Moderna two-dose Covid vaccine for kids ages 6 to 17
WeWork, Snowflake, United Airlines, Rite Aid and more
General view of WeWork Weihai Road flagship is seen on April 12, 2018 in Shanghai, China. World's leading co-working space company WeWork will acquire China-based rival naked Hub for 400 million US … [Read more...] about WeWork, Snowflake, United Airlines, Rite Aid and more
This star hedge-fund manager says some major tech names are now value plays, as he shorts one meme-stock favorite
Stocks are on the rebound again, at least that's the vibe from futures.That's a day after Federal Reserve Chair Jerome Powell confirmed to lawmakers, what markets already knew — that a soft economic … [Read more...] about This star hedge-fund manager says some major tech names are now value plays, as he shorts one meme-stock favorite
Why the retail industry is facing a bankruptcy wave
Revlon makeup products are displayed at a CVS store on August 9, 2018 in Sausalito, California.Justin Sullivan | Getty ImagesThe retail industry is up against a potential wave of bankruptcies … [Read more...] about Why the retail industry is facing a bankruptcy wave
European stocks open to close as recession fears continue
LONDON — European stocks were lower Thursday, as global markets see renewed volatility after a brief recovery following last week's tumultuous trading.The pan-European Stoxx 600 dropped 0.5% by late … [Read more...] about European stocks open to close as recession fears continue
4 things I learned about Meta from my chat Mark Zuckerberg
In any interview of a CEO, you always learn something that's investable. I wanted to give you my four immediate impressions of what I saw tonight from Meta CEO Mark Zuckerberg. 1. We got a new, … [Read more...] about 4 things I learned about Meta from my chat Mark Zuckerberg
Forget big cap stocks. Bank of America’s top small-and-mid cap stocks
From multi-week losing streaks to bear market rallies, it's been a roller coaster ride for markets this year as investors weigh the risks of a more aggressive monetary policy and a growing chorus of … [Read more...] about Forget big cap stocks. Bank of America’s top small-and-mid cap stocks
Mark Zuckerberg envisions 1 billion people in the metaverse
Meta Platforms CEO Mark Zuckerberg told CNBC's Jim Cramer on Wednesday that the metaverse could be a considerable part of the social network operator's business in the second half of the decade."We … [Read more...] about Mark Zuckerberg envisions 1 billion people in the metaverse