Health care shouldn’t be overlooked as a place to buy amid the current market turmoil, according to Jamie Cox, managing partner at Harris Financial Group. The broader market has pulled back in recent weeks as investors grow cautious that the Federal Reserve will not cut interest rates as early, or by as much, as they […]
Billionaire investor Leon Cooperman said he is significantly invested in energy stocks, citing the rise in oil prices given the Middle East conflict. The chair and CEO of the Omega Family Office said roughly 15% of his family office assets are in energy, at a time when oil prices have been spiking and weighing on […]
The Federal Reserve will not bring interest rates back down to their post-financial crisis lows, according to veteran investor Howard Marks — and he believes that’s a good thing. “The U.S. economy is doing quite well, and so it’s not clear that it requires stimulus,” Marks told CNBC’s Frank Holland on Tuesday. The current federal […]
Apple CEO Tim Cook greets customers as he arrives for the release of the Vision Pro headset at the Apple Store in New York City on Feb. 2, 2024. Angela Weiss | AFP | Getty Images Apple will launch new products on May 7 in an online event, according to invites sent to the media […]
Cars are stranded on a flooded street in Dubai following heavy rains on April 18, 2024. Giuseppe Cacace | AFP | Getty Images The United Arab Emirates’ central bank sent a directive to the country’s lenders and insurers approving the deferring of loan repayments for six months, as residents and businesses reel from historic floods […]
Big technology earnings this week could offer a much-needed catalyst for a market under pressure. For the better part of the year, technology stocks have propelled the stock market higher as investors ramped up bets on the growth prospects of artificial intelligence. The expectation that the Federal Reserve would soon begin cutting rates also boosted […]
Daniel Ek, CEO of Swedish music streaming service Spotify, gestures as he makes a speech at a press conference in Tokyo on September 29, 2016. Toru Yamanaka | AFP | Getty Images Spotify reported first quarter earnings on Tuesday, notching record quarterly profit and beating estimates on the top and bottom lines, after a year […]
A general view of Isfahan Refinery, one of the largest refineries in Iran and is considered as the first refinery in the country in terms of diversity of petroleum products in Isfahan, Iran on November 08, 2023. Fatemeh Bahrami | Anadolu | Getty Images U.S. crude oil traded near $81 a barrel on Tuesday, the […]
