When was the last time you bought something and weren’t asked for a tip? Not only are requests for tips for purchased goods and services becoming more common, the size of the traditional tip has also been on the rise for decades. In the 1950s, people usually tipped 10% of the bill. By the 1970s … Read more
A Covid hangover is upon us, which means we’re just not doing the things we did during the lockdown, CNBC’s Jim Cramer said Friday. We’re buying fewer PCs and spending less on our homes – prioritizing travel and leisure instead. Pets can be subtle victims of the current “long on money, little time” spending mode, … Read more
Contagion fears in the global financial system and interest rate uncertainty have weighed on investor sentiment in recent weeks, but opportunities remain amid market volatility, according to Goldman Sachs. “The macroeconomic backdrop remains uncertain… That said, we see room for alpha opportunities with returns diversified across sectors,” Goldman analysts, led by John Sawtell, wrote in … Read more
My top 10 things to watch Thursday, March 30 1. Renaissance of technology or just the usual cash flow at the end of the quarter? Wall Street pushed for a higher open, one day after a strong rally. With two trading sessions left, the Nasdaq was up about 14% quarter-to-date, breaking through four straight quarters … Read more
Lawmakers continue to hammer bank regulators on the collapse of the SVB. Russia detains an American reporter from The Wall Street Journal. It’s the opening day of Major League Baseball. Steve Cohen’s Mets are under pressure. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 29, … Read more
Market veteran Ed Yardeni believes the S&P 500 can still post double-digit gains this year despite the banking crisis and fears of a hard landing. “This banking crisis is going to be very well controlled by both the Fed and the FDIC. And at the same time, I think it’s going to keep the Fed … Read more
Jamie Dimon, the veteran CEO and chairman of JPMorgan Chase, will be ousted over his bank’s ties to disgraced former financier Jeffrey Epstein, according to a person with knowledge of the matter. Dimon agreed to be interviewed under oath, at an undetermined date in the future, for two civil trials related to convicted sex offender … Read more
As the cost of borrowing rises, investors should avoid companies that have heavy debt on their balance sheets, Evercore ISI warned in a note on Sunday. The cost of borrowing has risen since the Federal Reserve began raising interest rates last year in an effort to curb inflation. Subsequently, the banking crisis hit earlier this … Read more
Bloomberg News reported Saturday that US officials are considering expanding federal programs that provide banks with liquidity, in part to help First Republic search for a buyer. CNBC reported on Saturday that the inflow of deposits into major banks from the smaller regions has slowed significantly. Regional bank stocks have been under a lot of … Read more
Market bulls appear to be building on momentum. The UAW election signals tough labor negotiations for auto giants. Israel erupts in chaos over controversial justice reforms. A specialty trader works in a booth on the floor of the New York Stock Exchange (NYSE) in New York City, March 23, 2023. Brendan McDermid | Reuters Here … Read more