John Gress | Corbis | Getty Images Traders in the fed funds futures market made bets in record numbers this week, with the bulk of the money looking for the central bank to cut interest rates aggressively in the months ahead. Trading volume soared to 1,293,459 million contracts Wednesday, the same day the Federal Open
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Companies are having a much harder time during the ongoing U.S.-China trade war than the stock market shows, CNBC’s Jim Cramer said Friday. “The real world is much worse than the stock market indicates,” Cramer said on “Squawk Box. “ Out of the dozens of company executives he’s spoken with, the “Mad Money ” host
In some key ways, the Donald Trump economy, on fire last year but slowing this year, is starting to resemble the one he inherited from his predecessor . There are the rock-bottom bond yields, plodding economic growth and, not to be understated, the Federal Reserve seemingly pulling all the strings, a role that was only
David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters One of Wall Street’s most vocal and longest critics of Goldman Sachs has changed his tune and now recommends investors buy the company’s stock, saying its investment
Slack CEO Stewart Butterfield poses for photos outside the New York Stock Exchange before his company’s IPO, Thursday, June 20, 2019. Richard Drew | AP The CEO of messaging firm Slack said that the company didn’t want to go public with a traditional IPO so that it could bypass the closed-door process of raising capital
Federal Reserve Board Chairman Jerome Powell speaks during a press conference after the Fed announced interest rates would remain unchanged, in Washington, DC, January 30, 2019. Saul Loeb | AFP | Getty Images Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook spoke to the central bank about the digital currency called Libra that the
Traders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images Traders are convinced the Federal Reserve will cut rates next month. The fed funds futures market is now pointing to a 100% chance of an easing of monetary policy next month — a 67% chance of
The Netflix logo as seen on a smartphone SOPA Images | Getty Images Emerging competitors in the streaming space pose a risk for Netflix as consumers are forced to decide which streaming subscription to call their own, according to Baird. Competition is growing for Netflix. Direct competitors like Amazon‘s Prime Video and Hulu remain a