Wells Fargo Securities has officially released its forecast for the stock market in 2024. Chris Harvey, the head of equity strategy at the firm, has set a year-end target for the S&P 500 at 4,625, but he anticipates a volatile path to reaching that goal. Harvey expressed caution about the market’s performance in the first…
President Joe Biden addressed corporations on Monday, criticizing them for maintaining artificially high prices as inflation has slowed and some shipping costs have decreased. He called for the end of price-gouging and urged corporations to give American consumers a break. While the annual rate of inflation has cooled from its peak in the summer, it…
CNBC Investing Club with Jim Cramer Releases Homestretch Audio Feature Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. In the latest edition, the market was seen bouncing around as it consolidated its recent gains. As a response to…
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Nasdaq introduces midweek options experimenting beyond stocks into other assets In an effort to keep up with the growing interest in short-dated options, Nasdaq has launched new two-week options contracts that expire on Wednesdays, not Fridays. These contracts are based on popular exchange traded products, including the SPDR S&P 500 ETF Trust and the Invesco…
Midday Trading: Foot Locker, Carnival and More Several companies made headlines in midday trading, here are some of the notable moves: – Foot Locker dropped 1% after being downgraded to sell by Citi, citing a challenging environment for a turnaround. – Carnival saw a 1% increase after being upgraded to buy from hold by Melius…
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Consumers are facing significant financial threats from climate change, experts say. A White House report warns that severe weather events such as heat waves, heavy rains, drought, hurricanes, floods, and wildfires cause significant direct and indirect costs for American households. Research estimates that the U.S. now experiences a billion-dollar disaster every three weeks. Economic impacts…
Ukrainian Forces Cross Dnieper River Into Occupied Territory, Sparking Hopes of Counteroffensive After confirmation that Ukrainian forces have successfully crossed the Dnieper river, hopes of a breakthrough in the six-month counteroffensive against Russia have risen. The Dnieper river has been a key front line in the southern Ukrainian region of Kherson, with Ukrainian troops on…
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