Trump is a good forecaster; Kudlow sees Trump vindication on Fed

Trump is a good forecaster; Kudlow sees Trump vindication on Fed

President Donald Trump‘s repeated complaints about the Federal Reserve increasing interest rates too quickly proved to be correct, White House economic advisor Larry Kudlow argued on CNBC Friday. Trump is a “good forecaster,” said Kudlow, director of Trump’s National Economic Council. “He has a lot of experience as a businessman and an investor; so he knows his stuff.” The president has been critical of the Fed’s path on rate hikes under Chairman Jerome Powell, blaming…

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Investors dumped $3.5 billion from equity funds this week

Investors dumped $3.5 billion from equity funds this week

Wild swings in the stock market this week rattled investors, who pulled $3.5 billion from U.S. equity funds and fled to the safety of government debt. Funds that invest in U.S. stocks saw the outflows for the week ending Wednesday, the largest exodus since the week ending Oct. 17, when $14.8 billion was withdrawn amid a deep equity sell-off, according to data from EPFR Global. Stocks turned sour on fears of an economic downturn signaled…

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Dow futures drop 200 points as sell-off is set to continue in new week

Dow futures drop 200 points as sell-off is set to continue in new week

U.S. stock futures fell on Sunday night as traders feared an intensifying trade war between the United States and China. Dow Jones Industrial Average futures dropped 192 points, implying a decline of 168.95 points at Monday’s open. S&P 500 and Nasdaq 100 futures also declined. The losses would add to a steep decline from last week. Earlier on Sunday, China summoned the U.S. ambassador to Beijing to protest Huawei CFO Meng Wanzhou’s detention. Reuters reported,…

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The bank breakdown is a buying opportunity, says onetime bear 

The bank breakdown is a buying opportunity, says onetime bear 

The banks have been under fire this week. The KBE bank ETF has tumbled 6 percent since Monday with major banks like Citigroup and Bank of America tanking by more than 8 percent. After sounding the alarms for the group, Matt Maley, equity strategist at Miller Tabak, has had a change of heart. “I’ve been very bearish on the group all year long but we’re now getting to some levels here,” Maley said Thursday on…

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Wall Street expects two-year pause in big media and telecom M&A

Wall Street expects two-year pause in big media and telecom M&A

Sure, we may see CBS and Viacom merge next year. But there aren’t many obvious deals left. There are two major ways the media and telecommunications world could shift in the coming years. First, a huge technology company could buy a large media company. But again, that’s unlikely to happen before 2020. The second possible shift is the convergence of wireless and cable, such as Verizon or T-Mobile (whether or not it’s combined with Sprint)…

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Why are markets so volatile? JPMorgan guru thinks ‘fake news’ to blame

Why are markets so volatile? JPMorgan guru thinks ‘fake news’ to blame

“While higher volatility that comes with less monetary support warrants somewhat lower equity valuations, lower risk positioning, higher equity volatility and higher credit spreads, we think that the current divergence is simply too large,” Kolanovic said in the note. “To some extent, we trace the disconnect between negative sentiment and macroeconomic reality to the reinforcing feedback loop of real and fake negative news.” Kolanovic cited a combination of domestic political groups, analysts and foreign actors…

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Traders are making bullish bets that the pain might be over for Facebook

Traders are making bullish bets that the pain might be over for Facebook

It’s been a rough year for Facebook, but traders are betting the stock may soon see a bounce. On Friday investors bought more than 6,000 calls at the February 145 strike price, according to Investitute co-founder Pete Najarian. These particular calls expire on February 15th, so traders are betting the stock will bounce 3.85% by then. (Facebook closed at $139.63 on Thursday.) “It’s a big bet that they [traders] see some sort of rally coming…

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This one chart shows the confusion caused by the Trump administration

This one chart shows the confusion caused by the Trump administration

It has been a very confusing week for investors as the Trump administration continues to deliver mixed messages on the state of trade relations with China. Friday’s moves in the stock market highlight how difficult it has been for Wall Street to navigate through the conflicting headlines. On Friday morning, National Economic Council Director Larry Kudlow told CNBC’s “Squawk on the Street” that President Donald Trump would consider extending the current 90-day truce between the…

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Stocks are getting slammed — three experts weigh in on the selling

Stocks are getting slammed — three experts weigh in on the selling

Wall Street is seeing red. The Dow lost 4.5 percent this week, while the S&P ended the week down nearly 5 percent and still on pace for its worst quarter in seven years. This as the trade war jitters, Fed uncertainty and fears of slowing economic growth continue to weigh on investors. Three experts weigh in on what’s next for the markets and the Fed: • “The economy has some fragilities to it, and fault…

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How to create a home inventory

How to create a home inventory

“Create a home inventory.” It’s one of those to-do list items personal finance journalists (me included) often recommend, yet everyone tends to put off (also me). Polls from the Insurance Information Institute estimate roughly half of homeowners have a home inventory, a rate that hasn’t budged much over time. That’s not too surprising. Ignorance seems pretty blissful, compared with the tedious prospect of cataloging the contents of every kitchen drawer, bookshelf and stuffed closet. The…

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Get ready for more volatility from Apple, China

Get ready for more volatility from Apple, China

Starbucks: The coffeemaker’s Analyst Day will be nothing less than a “lovefest,” but an educational one, Cramer said. He’ll be on the lookout for newsmaking events, employee benefit upgrades and other special initiatives. “Starbucks is on a roll right now and I expect CEO Kevin Johnson will give us a road map for a return to robust growth in the United States,” Cramer said. “The company’s putting up some excellent numbers in China, too. Let’s…

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If Fed doesn’t raise rates this month, the market could panic

If Fed doesn’t raise rates this month, the market could panic

The Federal Reserve could cause “panic” on Wall Street if it reneges on its widely anticipated December interest rate hike, CNBC’s Jim Cramer said Friday. “Because he’s promised a rate hike, [Fed Chair Jerome Powell] risks stirring a wave of fear if he doesn’t tighten,” Cramer said as stocks fell on weaker-than-expected jobs results and trade worries. “Investors will start presuming that something must be wrong, very wrong, that things are worse than they thought.”…

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Buy Salesforce, Splunk, VMware, Workday on downturns

Buy Salesforce, Splunk, VMware, Workday on downturns

When the stock market sells off, CNBC’s Jim Cramer always advises searching for stocks that have been dragged down with the broader market despite the strength of their underlying businesses. The last time the market endured a major sell-off, those stocks ended up being the “cloud kings,” Cramer’s group of top-quality plays in the cloud-computing software space. But lately, investors have been wary of buying shares in the cloud stocks, and for good reason: in…

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Drug stock GlaxoSmithKline isn’t delivering

Drug stock GlaxoSmithKline isn’t delivering

GlaxoSmithKline PLC: “We don’t care where a stock’s been, we care where it’s going, but it is at $37. It’s got a 5 percent yield. [CEO] Emma Walmsley is supposed to be doing a good job. I have not seen what I’d like to see from that company. As far as I’m concerned, there are much better drug stocks to own than Glaxo.” SiteOne Landscape Supply Inc.: “No. You don’t want to be there because…

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Facebook increases stock buyback program by $9 billion

Facebook increases stock buyback program by $9 billion

Drew Angerer | Getty Images Mark Zuckerberg, chief executive officer of Facebook, Dan Rose, vice president, partnerships at Facebook, and Sheryl Sandberg, chief operating officer of Facebook, attend the annual Allen & Company Sun Valley Conference, July 12, 2018 in Sun Valley, Idaho.  Facebook is increasing its buyback program by $9 billion, the company disclosed in a Friday filing with the Securities and Exchange Commission. The social media giant said its board approved the increase…

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