As Fed Chairman Jerome Powell gets set to deliver his first news conference Wednesday, he has a good example of what not to do from the fairly recent past. The right way: Answer questions clearly but not too clearly, giving markets just enough to munch on without committing to future […]
CNBC News
Existing home sales jump in February
U.S. home sales surged in February, boosted by hefty gains in the South and West regions, but a chronic shortage of houses on the market remains an obstacle heading into the spring selling season. The National Association of Realtors said on Wednesday that existing home sales jumped 3.0 percent to […]
Watch out for this key relationship in the bond market as the Fed makes its move Wednesday
As the Federal Reserve tinkers with monetary policy, the bond market is on the move. One market watcher says the next move on rates could indicate whether we’re in for a market slowdown or worse. “The interesting point here is that the [2/10-year Treasury note] spread is compressing,” Boris Schlossberg, […]
Early spring nor’easter grounds more than 3,000 flights
Airlines have canceled more than 3,300 flights because of an early-spring nor’easter that’s threatening to dump more than a foot of snow on the New York City area. Two-thirds of the scheduled Wednesday departures from Newark Liberty International Airport, or 433 flights, were called off, according to flight-tracking site FlightAware. […]
Even index funds can’t take the human emotion out of investing decisions
When we meet with people who are considering whether to hire our firm as their new investment manager, there is one predictable question. They wonder aloud whether they should just put all their money in an index fund and leave it there. They then turn to me and ask what […]
Illinois governor’s race appears to pit a billionaire against a multimillionaire
CHICAGO — The battle for governor in financially strapped Illinois will pit a multibillionaire against a multimillionaire, and both candidates appear ready to keep their wallets wide open. Republican Gov. Bruce Rauner and Democrat J.B. Pritzker won their party’s respective gubernatorial nominations Tuesday, setting the stage for the Illinois governor […]
The 25 most attractive employers in the US, according to LinkedIn
If you want to work for a company with great benefits, perks and flexibility, then consider a job in tech, media or finance. According to LinkedIn’s 2018 Top Companies list, these industries are where the employers job seekers most want to work for are found. To generate this list, LinkedIn […]
Facebook shares slide over 2 percent as Cambridge Analytica data breach fallout continues
Facebook shares fell over 2 percent in pre-market trade Wednesday, marking the third straight day of declines for the social media giant as the fallout from the data breach scandal continues. Nearly $50 billion of market capitalization, or value, has been wiped off Facebook’s stock since Monday. On the weekend, […]
Australia’s trade minister calls for a reinforcement of the global trade order
The world needs to reinforce an international rules-based order to avoid a situation where “the big fish eat the little fish,” according to Australian Minister for Trade, Tourism and Investment Steven Ciobo. Speaking to CNBC at the Credit Suisse Asian Investment Conference in Hong Kong on Wednesday, the minister recognized […]
Former England soccer star Michael Owen is invested in celebrity cryptocurrencies
Once known for his goal-scoring prowess on the soccer pitch as a star for his country and in clubs such as Liverpool and Real Madrid, former England international player Michael Owen is now moving into the world of cryptocurrency. Speaking with CNBC’s “Squawk Box” on Tuesday, Owen discussed the reasons […]