WASHINGTON (Reuters) - U.S. consumer prices rose more than expected in January as Americans paid more for gasoline, rental accommodation and healthcare, raising pressure on new Federal Reserve chief Jerome Powell to prevent a possible overheating of the economy. The report from the Labor Department on Wednesday, however, likely overstates the inflation picture given that [...]
Bloomberg Fed Chairman Jerome Powell will discuss his inflation outlook when he testifies to Congress for the first time on Feb. 28. The hotter-than-expected consumer price data for January adds to a growing expectation among economists that the Federal Reserve will raise interest rates with four quarter-point moves this year, rather than the three they [...]
Lloyd Blankfein is worried that a spending spree by the Trump administration could overheat the American economy. “The odds of a bad outcome have gone up,” the Goldman Sachs CEO told CNN’s Christine Romans in an interview airing Wednesday. Blankfein noted that the economy was already humming along before the federal government juiced it with $1.5 trillion [...]
The S&P closed at 2662.94 – So today’s circuit breakers are: Level 1. 186.40 pts (7%) or 2476.54 Level 2. 346.18 pts (13% total) or 2316.76 Level 3. 532.58 pts (20% total) or 2130.36 So yesterday was a bit boring…. Stocks were weaker going into the opening and remained weaker for the better part of [...]
The S&P closed at 2656.00 – So today’s circuit breakers are: Level 1. 185.92 pts (7%) or 2470.08Level 2. 345.28 pts (13% total) or 2310.72Level 3. 531.12 pts (20% total) or 22124.88The…Continue →
Tom Lydon, ETF Trends; Kenny Polcari, O'Neil Securities; and CNBC's Rick Santelli discuss the day's market activity. CNBC's Steve Liesman weighs in.Continue →
U.S. stocks rose on Monday as the major indexes rebounded from their worst weekly performances in two years. The Dow Jones industrial average closed 410.37 points higher at 24,601.27 and rose as much as 574.26. DowDuPont and Apple were the best-performing stocks in the Dow, advancing 3.4 percent and 4 percent, respectively. The S&P 500 [...]
The S&P closed at 2619.55 – So today’s circuit breakers are: (Although it appears a moot point this morning as US futs are rocketing higher….MAGA!) Level 1. 183.37 pts (7%) or 2336.18 Level 2. 340.54 pts (13% total) or 2279.01 Level 3. 523.91 pts (20% total) or 2095.64 And the tremors linger……. mkts continued the [...]
Global Markets Advisory Group, GMAG, is literally about two years old but it has been more than 30 years in the making. Formed by friends and former colleagues, the group has a combined experience over 200 years across the various disciplines in the security markets industry. The group combines the unique talents of people who [...]
As quoted in NJ magazine:: Robert Zito is the founder of Zito Partners in Warren. On 9/11, he was the executive vice president of the New York Stock Exchange and a member of its management committee, responsible for developing and building the NYSE brand globally. I had 9/11 penciled in on my 2001 calendar for [...]