Inversion is widely considered a reliable harbinger of recession in the U.S. The 10-year slipped to as low as 2.439 percent. U.S. central bank policy makers on Wednesday lowered both their growth projections and their interest rate outlook, with the majority of officials now env...Read More »
But it doesn't matter. There is so much money run algorithmically that stocks are pre-ordained to come down because the recession pattern post inversion has been a reliable one. So, you can't stop the rain coming down on this market until you get a host of people to realize there are bargains even if we have a big slowdown and if we are in are in a real jam the Fed can cut rates if it has to.
The Dow Jones industrial average closed down 460.19 points, or about 1.8 percent, at 25,502.32. Meanwhile, the "yield curve" inverted for the first time since 2007. That means a Treasury bill that matures in three months is yielding 2.45 percent -- slightly more than the yield of a Treasury note that matures in 10 years. While the yield curve is still often a predictor of recessions, it may well not be imminent.
Your employer-sponsored 401(k) is one of the most powerful long-term investment tools you've got. "I get this question all the time: How much should I have in my 401(k)?" personal finance expert Ramit Sethi tells CNBC Make It . About 47 percent of millennials (defined here as those ages 25 to 34) have access to a workplace retirement plan like a 401(k), according to a recent academic report from Stanford University .
There's a lot of confusion about how retirement savings accounts work, even among those who are more well-prepared for retirement. That's what TD Ameritrade concluded after a 2019 survey that The Harris Poll conducted for them asked U.S. adults with at least $10,000 in investable assets to answer questions about 401(k) plans and individual retirement accounts (IRAs). These three questions were particularly tricky and stumped at least half of all respondents: 1.
Shares have U.S. auto giant Ford (NYSE:F) have been in a secular decline for several years now. There are many reasons why Ford stock has underperformed the market by 100 points over the past five years. The sum of those headwinds has caused Ford's sales to fall flat, margins to compress, and profits to drop.
Big banks extended losses into a fourth day Friday, as 10-year Treasury yields tumbled, the 3-month/10-year yield curve inverted for the first time since 2007, U.S. manufacturing data missed expectations and Europe's economic outlook darkened. The KBW Bank Index slid 4.5 percent, the most since Dec. 4, to a session low after President Trump said he will nominate long-time supporter and Jerome Powell critic Stephen Moore to the Federal Reserve Board. The index hit its lowest intraday since Jan. 15, with top decliners once again including regional banks Regions Financial Corp.
Comcast will debut a streaming video box for broadband-only customers. The box and service, called Flex, will cost $5 per month and be available next week. Comcast CMCSA is making it easier for its broadband-only customers to access streaming video without an outside set-top box.
For the first time since 2007, the yield on the 10-year Treasury note fell below the yield on 3-month Treasury bills briefly on Friday morning. According to the San Francisco Fed, each of the nine U.S. recessions that have occurred since 1955 came between six months and 24 months after a an inversion in the yield curve of two-year and 10-year Treasury yields. Although this particular yield curve remained positive Friday, the spread between two-year and 10-year Treasuries dropped to just 10 basis points.
Jim Cramer runs through his thoughts about viewers' stock picks.
The company serves a wide spectrum of “do-it-yourself” and “do-it-for-me” customers, including homeowners, renters and professional contractors from different construction trades. A large footprint of conveniently located stores across the U.S., an extensive range of products, a well-known brand and a diversified customer base are Lowe's key competitive advantages. This should lead to better growth prospects for the company and its dividend.
Equities extended declines after new reports showed that the manufacturing industries in the U.S. and Germany manufacturing industry slid last month, fueling concerns of a global slowdown. The Dow (^DJI) sank 1.04%, or 269.56 points, while the Nasdaq (^IXIC) fell 1.73%, or 135.51 points. U.S. Treasury yields, which move inversely to prices, broadly declined Friday, with the yield on the 10-year note dipping below that of the shorter-term 3-month bill for the first time since 2007.
In an about-face on the trade dispute, President Trump conceded that tariffs on Chinese goods may remain for a “substantial period of time.” Simultaneously, this hurts the broader markets but it also raises prospects for cheap stocks. Most speculative miners have projects in extremely unstable countries just begging for nationalization.
What's important to note is that many companies — especially large ones like Microsoft , Amazon and Google — all have one thing in common: We utilize A.I., machine-learning and data science to enhance our products, so hiring people with the right skills to fill those gaps is a huge priority. The real struggle, however, is being able to successfully separate the wheat from the chaff. According to a new report from the McKinsey Global Institute , the three most in-demand skills by 2030 will be: Social and emotional skills Higher cognitive skills Technological skills If you're looking to fill a role at a large tech company, here are the types of interview questions employers ask to determine wh...
A very dovish Federal Reserve The setup into Fed Day was this: A patient Fed on the interest rate hiking front would lead to a growth acceleration in the second half of this year. After all, how could the U.S. economy not catch fire with rate hikes all but off the table in 2019, the job market still solid and corporations benefiting from the Trump tax cuts. Unfortunately for the bulls, Powell stuck a dagger in their hearts by perhaps being too dovish.
Silicon Valley is offering astronomical salaries and benefits packages to woo young, talented interns, and the trend is starting to spread across the U.S. At Facebook, for example, the median monthly pay is $8,000, or $96,000 annually — nearly double the average annual base salary for the U.S. worker. But recruiting them is not easy. They want to work for employers who incorporate elements they value, like diversity, a cool culture, mentorship and the chance to work on meaningful projects.
DUBAI/LONDON (Reuters) - Budget needs are forcing Saudi Arabia to push for oil prices of at least $70 per barrel this year, industry sources say, even though U.S. shale oil producers could benefit and Riyadh's share of global crude markets might be further eroded. Riyadh, OPEC's de facto leader, said it was steeply cutting exports to its main customers in March and April despite refiners asking for more of its oil. The move defies U.S. President Donald Trump's demands for OPEC to help reduce prices while he toughens sanctions on oil producers Iran and Venezuela.
Could it be that the economy is becoming a bigger concern for investors than Jerome Powell? Friday's decline was led by cyclical industries, among them banks -- casualties of a flattening yield curve that many would attribute to the Federal Reserve chairman. “The real underlying catalyst is the question investors are struggling with: how much of a slowdown are we looking at?” said Jim Paulsen, chief investment strategist at the Leuthold Group.
Personal finance expert Suze Orman shares what you're doing wrong on your taxes and how to fix it.
U.S. markets had their worse daily decline so far in 2019 as investors ditched stocks on concerns about the economy and warning signals from the bond market sent buyers into Spring hiding. This was Friday's damage; S&P 500: DOWN 1.9% DJIA: DOWN 1.7% Nasdaq: DOWN 2.5% In fact, investors have been pulling money out of stocks all week. According to Bank of America, $12.1 billion went into bonds, while $20.7 billion came out of equities.
Here are four stocks with buy rank and strong income characteristics for investors to consider today, March 21st: Ares Management Corporation (ARES): This alternative asset manager has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.2% over the last 60 days. Ares Management L.P. price-consensus-chart | Ares Management L.P. Quote This Zacks Rank #1 (Strong Buy) company has a dividend yield of 5.4%, compared with the industry average of 3.2%. Its five-year average dividend yield is 4.9%.
Survey question: True or False: Nonworking (or low income-earning) spouses can contribute to a traditional IRA. Correct answer: True Answered correctly: 26% Nonworking spouses can contribute to both a traditional IRA and a Roth IRA as long as the married couple files a joint tax return and each has a separate IRA. The contribution limits for the nonworking spouse are the same ($6,000 for 2019 for those under 50).
In the wake of the U.S. Federal Reserve's decision to keep interest rates unchanged and to slash all projections of a rate hike this year comes a couple of completely different assessments of the moves. According to U.S.-based financial services giant S&P Global Ratings, the Fed is “not yet done” with rate hikes. All this suggests is be prepared for volatility in the Treasury markets with one camp indicating the possibility of at least one rate hike, and the other indicating lower rates.
Rick Rieder, BlackRock Global CIO of fixed income, calls into 'Fast Money Halftime Report' to discuss the mid-day markets amid concerns of an economic slowdown. He also weighs in on the Fed's dovish call.
CNBC's Phil LeBeau reports from a General Motors press conference where the company is announcing a new $1.8 billion dollar investment to build electric vehicles in the U.S. following ongoing controversy with President Trump. Trump criticized the compa...