Banks face increasing uncertainty as the commercial real estate (CRE) sector continues to struggle. But tailwinds in our financial names should help safeguard their bottom line. Club names Wells Fargo (WFC) and Morgan Stanley (MS) have positives in their operations that could offset potential weakness from CRE exposure. We are optimistic about Morgan Stanley’s positive… Read More »
September was cruel for the stock markets – living up to its historical reputation as the weakest month for the S&P 500. This time, the bond market has been one of the main culprits for Wall Street’s downturn, according to Jim Cramer. The S&P 500 fell 4.33% between September 1 and Friday’s close, even though… Read More »
It was another negative week on Wall Street, with all three major averages posting sharp losses despite recovering on Friday. The S&P 500 and the tech-heavy Nasdaq fell 2.3% and 2.9% this week, respectively, while the Dow Jones Industrial Average lost 1.5%. There are many reasons why investors are selling stocks. Jim Cramer identified six… Read More »
Silent Eight co-founders, from left to right: Michael Wilkowski, Julia Markiewicz and Martin Markiewicz. Silent Eight WARSAW — When it comes to financial crimes, banks can often be “one decision away from a big mess,” Martin Markiewicz, CEO of Silent Eight, told CNBC. This is because the risk of fines and reputational damage is high… Read More »
An undated editorial photograph that combines images of Japanese yen bank notes with stock market indicators. Javier Ghersi | Moment | Getty Images Japan’s central bank maintained its ultra-loose policy and left rates unchanged on Friday, aware of the “extremely high uncertainties” about growth prospects at national and global level. In a policy statement following… Read More »
Microsoft Surface Laptops and Tablets Courtesy: Microsoft Microsoft on Thursday unveiled new Surface computers and shared details about the launch of this year’s version of Windows 11, including its built-in Copilot AI assistant, during an event in New York. The company introduced the Surface Laptop Studio 2 and Surface Laptop Go 3 and revealed the… Read More »
Chinese President Xi Jinping speaks at the podium during the meeting between members of the standing committee of the Political Bureau of the 20th CPC Central Committee and Chinese and foreign journalists at the Great Hall of the People on October 23, 2022, in Beijing. Lintão Zhang | Getty Images News | Getty Images Call… Read More »
Fidji Simo, CEO of Instacart Inc., speaks during an interview with Bloomberg Studio 1.0 in San Francisco, California, USA, on Thursday, March 3, 2022. David Paul Morris | Bloomberg | Getty Images Instacart, the food delivery company that has seen its business boom during the pandemic, priced its long-awaited IPO at $30 per share on… Read More »
When the Covid pandemic caused many Americans to refuse to go to the grocery store in 2020, online grocery startup Instacart’s sales rose 590% and its venture capital valuation soared to $39 billion. As the San Francisco company prepares to go public this week, the world has changed. And the same thing happened with Instacart… Read More »
This week’s government economic data revealed pockets of durable consumer spending despite persistent inflation, signaling a favorable quarter ahead and further upside for two of our retail stocks. First, the numbers The consumer price index, a measure of retail inflation, recorded its biggest monthly increase this year – a seasonally adjusted 0.6% gain in August,… Read More »