Jeffrey Epstein and Ghislaine Maxwell attend the Batman Forever/R. McDonald Event in New York City on June 13, 1995. Patrick McMullan | Getty Images This is breaking news. Check back for updates. New York federal court documents containing previously hidden names of people associated in some way with the late […]
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Market forecaster Jim Bianco sees the 10-year Treasury yield surging to 5.5% – a multi-decade high
It’s a level not seen since George W. Bush was president. Wall Street forecaster Jim Bianco is predicting the benchmark 10-year Treasury note yield will hit 5.5% this year — its highest level since May 2001. A major part of his thesis is built on the economy’s strength and resiliency. […]
Jim Cramer on selling Big Tech shares: ‘No one ever got hurt taking a profit’
CNBC’s Jim Cramer on Wednesday said that profit-taking is important, even if it’s hard to let go of winning shares. Cramer recently trimmed some Big Tech holdings in the CNBC Investing Club’s Charitable Trust, but admitted that it was not an easy decision. To Cramer, companies in the “Magnificent Seven” […]
Climate change has forced millions to flee their homes — and Asia is ‘not prepared’
A girl sits on a cot as she crosses a flooded street in Pakistan on October 4, 2022. A record 32.6 million internal displacements were associated with disasters in 2022 — more than the 28.3 million with conflict and violence, according to the Internal Displacement Monitoring Centre. Fida Hussain | […]
Cramer says the market has ‘momentarily fallen out of love’ with the Magnificent Seven
CNBC’s Jim Cramer on Wednesday said that as Wall Street’s desire to buy the “Magnificent Seven” tech stocks has waned, dividend-paying stocks are grabbing more attention. “The market has, momentarily, fallen out of love with the Mag Seven,” Cramer said. “This is a new market — that’s right — where […]
Trump loses last-ditch appeals court bid to delay E. Jean Carroll rape defamation civil trial
Former U.S. President Donald Trump looks on during a campaign event in Waterloo, Iowa, on Dec. 19, 2023. Scott Olson | Getty Images A New York federal appeals court on Wednesday rejected a last-ditch effort by Donald Trump to delay his upcoming civil trial for defaming E. Jean Carroll after […]
Ford adjusts the pricing of its F-150 Lightning EV by as much as $10,000
The Ford F-150 Lightning Electric Truck. John Tlumacki | Boston Globe | Getty Images DETROIT — Ford Motor is increasing the price of some 2024 F-150 Lightning models, while lowering the costs of its most expensive models. The Detroit automaker confirmed Wednesday that new starting prices for the pickup will […]
10-year Treasury yield tops 4% mark at one point Wednesday
The 10-year Treasury yield inched lower Wednesday after briefly topping the 4% mark as investors bet that perhaps the Federal Reserve wouldn’t cut rates as aggressively as hoped for this year. The 10-year Treasury yield was last down more than three basis points to 3.911, after touching above the key […]
Job openings nudged down in November, down to lowest in more than two years
A job seeker visits a Job News USA career fair in Louisville, Kentucky, on June 23, 2021. A new Kentucky law cuts the maximum duration of unemployment benefits by more than half, to 12 weeks, during periods of low unemployment. Luke Sharrett | Bloomberg | Getty Images Demand for workers […]
Red Sea crisis boosts shipping costs, delays – and inflation worries
The Maersk Sentosa container ship sails southbound to exit the Suez Canal in Suez, Egypt, on Thursday, Dec. 21, 2023. Stringer | Bloomberg | Getty Images Attacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of inflation and delayed goods. To avoid strikes […]