The Seoul city skyline early on December 16, 2020. (Photo by Ed JONES / AFP) (Photo by ED JONES/AFP via Getty Images) Ed Jones | Afp | Getty Images Asia-Pacific markets opened higher on Tuesday, tracking gains on Wall Street after the S&P 500 and the Nasdaq Composite rose to new records. Australia’s S&P/ASX 200 … Read more
President-elect Donald Trump’s nominee to be Secretary of Defense Pete Hegseth leaves the Russell Senate Office Building on November 21, 2024 in Washington, DC. Kevin Dietsch | Getty Images Pete Hegseth, the already embattled choice of President-elect Donald Trump to lead the Pentagon, faces a new magazine report detailing his alleged alcohol abuse, sexual impropriety, … Read more
New York Federal Reserve Bank President John Williams speaks to Economic Club of New York, in New York City, U.S., May 30, 2024. Andrew Kelly | Reuters Federal Reserve Bank of New York President John Williams said on Monday that while it was clear interest rates are likely go down over time, he could not … Read more
CNBC’s Jim Cramer on Monday listed ten stocks he thinks will do well in December, saying winners from November usually continue to perform during the last month of the year. “Before I started my charitable trust more than two decades ago, I ran a hedge fund,” he said. “I was always looking for an edge, … Read more
Art Cashin, UBS’ director of floor operations at the New York Stock Exchange and a man The Washington Post called “Wall Street’s version of Walter Cronkite,” has died. He was 83 and had been a regular on CNBC for more than 25 years. In the intensely competitive and often vicious world of stock market commentary, … Read more
A trader works on the floor at the New York Stock Exchange on Dec. 2, 2024. Brendan Mcdermid | Reuters Stock futures are near flat Monday night after the S&P 500 concluded the first session of December’s trading month at an all-time closing high. S&P 500 futures and Nasdaq 100 futures both sat near their … Read more
Federal Reserve Governor Christopher Waller speaks during The Clearing House Annual Conference in New York City on Nov. 12, 2024. Brendan Mcdermid | Reuters Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind. “Based on … Read more
General Motors revealed its all-new modular platform and battery system, Ultium, at its Tech Center campus in Warren, Michigan, on March 4, 2020. Photo by Steve Fecht for General Motors DETROIT — General Motors plans to sell its stake in a $2.6 billion electric vehicle battery cell plant in Michigan to its joint venture partner … Read more
Elon Musk listens as US President-elect Donald Trump speaks during a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC. Allison Robbert | Getty Images Tesla CEO Elon Musk lost his bid to get his 2018 CEO pay package reinstated on Monday when a Delaware judge … Read more
Treasury yields slipped on Monday as investors parsed the latest manufacturing data. The yield on the 10-year Treasury slipped 1 basis point to 4.182%. Meanwhile, the 2-year Treasury yield rose 2 basis points to 4.192%. On Friday, the 10-year Treasury yield had fallen to its lowest levels since late October. One basis point equals 0.01% and yields and … Read more