Investment

The market is looking for clues from the Fed on whether it will adjust bond buying

U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell are seated to testify before a House Financial Services Committee hearing on oversight of the Treasury Department’s and Federal Reserve’s coronavirus disease (COVID-19) pandemic response on Capitol Hill in Washington, U.S., September 22, 2020. Joshua Roberts | Reuters The Federal Reserve could provide clues […]

Global Economy

Cramer calls this stock market environment ‘the most speculative’ he’s ever seen

CNBC’s Jim Cramer said Tuesday that some of the stock gains in the market are “insane,” with investors recently buying certain names from Tesla to Royal Caribbean seemingly without regard for fundamentals or the state of the coronavirus pandemic and holding onto them. “Where are the profit-takers” after these dizzying moves higher? the “Mad Money” […]

Investment

5 things to know before the stock market opens Friday

Here’s the most important news, trends and analysis that investors need to start their trading day: Investors assess vaccine news against Covid-19 case spikes Pfizer and BioNTech to request emergency authorization Conflicting developments around remdesivir CDC tells Americans to stay home for Thanksgiving Trump campaign won’t give up challenges to Biden’s victory 1. Investors assess […]

Finance

This market play may spell profits chiefly due to vaccine optimism

Allianz Global Investors’ Mona Mahajan won’t rule out market consolidation over the next several weeks. But she’s painting a bullish long-term picture that’s chiefly tied to a key advancement on the coronavirus front. “We’ve had tremendous vaccine news,” the firm’s senior U.S. investment strategist told CNBC’s “Trading Nation” on Tuesday. Since yesterday’s encouraging vaccine announcement […]