Jim Cramer Warns Of 'Incredible Panic' As Jerome Powell's Hawkish Outlook Send Stocks Into Free Fall: 'People Throwing Away Good And Bad'
  • December 19, 2024

Jim Cramer Warns Of 'Incredible Panic' As Jerome Powell's Hawkish Outlook Send Stocks Into Free Fall: 'People Throwing Away Good And Bad'

The U.S. stock market experienced a severe selloff Wednesday after Federal Reserve Chair Jerome Powell‘s comments triggered what CNBC’s Jim Cramer described as “incredible panic” in the markets. What Happened: “People throwing away good and bad. Typical index fund behavior,” Cramer wrote on X, specifically highlighting concerns about small-cap stocks’ performance. “And all of those people who loved the Small Caps (the Russell 2000?) now what??” Don’t Miss: Warren Buffett once said, "If you don't

Wall Street Pins Hopes On Friday's Crucial Fed Inflation Report: Miracle Needed To Shift Narrative
  • December 19, 2024

Wall Street Pins Hopes On Friday's Crucial Fed Inflation Report: Miracle Needed To Shift Narrative

If markets hope to recover from the sharp sell-off triggered by the Federal Reserve’s December meeting, Friday's release of the Personal Consumption Expenditure price index — widely regarded as the Fed’s preferred inflation measure — will play a crucial role. Unfortunately for investors, the outlook is far from reassuring. Scheduled for release at 8:30 a.m. ET Friday, economists expect the PCE price index to climb to 2.5% year-over-year in November 2024, up from 2.3% in October. This would mark

Why U.S. Celebs Like George & Amal Clooney's Global Real Estate Portfolio Is A Smart Hedge Against A Fluctuating U.S. Market
  • December 19, 2024

Why U.S. Celebs Like George & Amal Clooney's Global Real Estate Portfolio Is A Smart Hedge Against A Fluctuating U.S. Market

The U.S. housing market has been on a post-pandemic roller coaster, with fluctuating home prices, interest rates and a hostile political environment creating uncertainty among homeowners and investors. For the ultrarich, however, there is no need to rely purely on the vagaries of the U.S. housing market. Global real estate is where the smart money is, spreading investments across a broad swathe of trans-Atlantic holdings, diversifying portfolios and accumulating a collection of vacation homes. D

BOE’s Bailey Backs Market on Close Call at Next Rates Decision
  • December 19, 2024

BOE’s Bailey Backs Market on Close Call at Next Rates Decision

(Bloomberg) -- Bank of England Governor Andrew Bailey said market bets putting its next interest-rate decision on a knife-edge are a “reasonable starting point.”Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousNew York City’s Historic Preservation Movement Is Having a Midlife CrisisDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalIn an interview following the BOE’s decision to hold rates at 4.75% on Thursday, Bailey said that the “world is too

ConAgra Brands Stock Slips After Lowering FY25 Earnings Outlook, CEO Cautions Of Headwinds Ahead
  • December 19, 2024

ConAgra Brands Stock Slips After Lowering FY25 Earnings Outlook, CEO Cautions Of Headwinds Ahead

ConAgra Brands, Inc. (NYSE:CAG) shares are trading slightly lower in the morning session on Thursday. The company reported second-quarter adjusted earnings per share of 70 cents, beating the analyst consensus estimate of 67 cents. Quarterly sales of $3.195 billion, beating the street view of $3.149 billion. The results show a 0.4% decrease in net sales, with organic net sales up by 0.3%. The 0.3% increase in organic net sales was driven by a 0.1% negative impact from price/mix and a 0.4% increas

JPMorgan’s Michele Sees Chance for Treasury Market Calm in 2025
  • December 19, 2024

JPMorgan’s Michele Sees Chance for Treasury Market Calm in 2025

(Bloomberg) -- Bond-market veteran Bob Michele says there’s one scenario investors aren’t fully prepared for in 2025: the calmest Treasury market in nearly a decade.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousNew York City’s Historic Preservation Movement Is Having a Midlife CrisisDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalJPMorgan Asset Management’s chief investment officer for global fixed income, currencies and commodities sees a