‘The Fed is breaking things’ – Here’s what has Wall Street on edge as risks rise around the world

Jerome Powell, chairman of the US Federal Reserve, during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022. Al Drago | Bloomberg | Getty Images As the Federal Reserve ramps up efforts to tame inflation, sending the dollar surging and bonds and stocks into a tailspin, concern is rising that the … Read more

Asia stocks mixed after Wall Street slump; China PMI beats estimates

CNBC Pro: Iron ore demand is about to collapse in October, UBS says. Here’s how to trade this. Demand for iron ore in China rose earlier this month, but the Swiss bank UBS says it’s a “short-lived” lift that will collapse next month. The UBS research also said iron ore demand had already weakened globally … Read more

Morgan Stanley’s CEO isn’t worried about its stock price. Neither are we

Morgan Stanley (MS) CEO James Gorman said Thursday he’s not worried about the bank’s beleaguered stock price — and that’s a view we share due to our long-term belief in the Club holding’s revenue diversification strategy. “I’m not concerned about it all, where the stock is trading in this environment. Obviously, I feel very good … Read more

Stock futures are up slightly following Thursday’s broad sell-off

Stock futures were up slightly Thursday evening following a sharp sell-off that brought the S&P 500 to a new 2022 low. Futures for the S&P 500 were up 0.26%. The Dow Jones Industrial Average futures were up 0.17%. Nasdaq 100 futures were up 0.14%. The 2022 sell-off resumed in full force during regular trading on … Read more

Jobless claims hit five-month low despite Fed’s efforts to slow labor market

A person arranges groceries in El Progreso Market in the Mount Pleasant neighborhood of Washington, D.C., August 19, 2022. Sarah Silbiger | Reuters Initial filings for unemployment claims fell last week to their lowest level in five months, a sign that the labor market is strengthening even as the Federal Reserve is trying to slow … Read more

European markets rebounds after BoE steps in to calm markets

CNBC Pro: Analyst says this FAANG stock is an evergreen winner — and investors should buy the dip Tech stocks have had a difficult year so far but a Rosenblatt Securities analyst thinks the sell-off is an opportunity for long-term investors to buy the dip.   “Stay away from the losers,” he said, recommending “winners … Read more

Asia markets rise, Hang Seng index up 2% after Wall Street rebound

EV maker Leapmotor’s shares plunge in Hong Kong debut Chinese electric vehicle maker Leapmotor’s shares tumbled more than 32% from its offer price of 48 Hong Kong dollars ($6.29) per share on its first day of trade in the city. Onewo, a subsidiary of property developer China Vanke, also started trading in Hong Kong. It … Read more

Stock futures inch lower after Wednesday’s big market rally

Stock futures inched lower in overnight trading Wednesday after the Dow Jones Industrial Average staged a comeback off its lowest level for the year. Futures tied to the Dow Jones slipped 49 points, or 0.16%, while S&P 500 and Nasdaq 100 futures shed 0.19% and 0.26%, respectively. The overnight moves came following a broad rally … Read more

El-Erian says Bank of England’s latest rescue move shows we are still in central bank ‘la-la land’

The Bank of England’s Wednesday reversal where it announced it would start buying bonds to ease market stress shows the bind central banks find themselves in today, and the markets may end up with a rougher landing anyway, Mohamed El-Erian said Wednesday. “The longer you stay in this la-la land of QE (quantitative easing), floored … Read more

Stock futures fall after S&P 500 hits new low for the year; 10-year Treasury yield briefly tops 4%

CNBC Pro: Credit Suisse says now’s the time to buy two green hydrogen stocks — and gives one over 200% upside Credit Suisse says it’s time to enter the green hydrogen sector, with a number of catalysts set to drive the clean energy powerhouse. “Green hydrogen is a growth market — we increase our 2030 … Read more