Fed Chair Powell was trying to make sure the stock market didn’t get disappointed: Komal Sri-Kumar

Fed Chair Powell was trying to make sure the stock market didn’t get disappointed: Komal Sri-Kumar

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Komal Sri-Kumar, Sri-Kumar Global Strategies president, and Darrell Cronk, CIO of Wells Fargo’s wealth and investment management, join ‘Squawk Box’ to discuss the Fed’s interest rate decision, what was behind Fed Chair Powell’s decision to cut by 50 basis points, and more. […]

Friday’s analyst calls: Amazon to pop more than 25%, PepsiCo gets downgraded

Friday’s analyst calls: Amazon to pop more than 25%, PepsiCo gets downgraded

(This is CNBC Pro’s live coverage of Friday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) An e-commerce giant and a snack maker were among the stocks being talked about by analysts. Evercore ISI raised its price target on Amazon to $240, implying more than 25% upside […]

Case for the Bank of England to go further and faster with rate cuts: Oliver Wyman

Case for the Bank of England to go further and faster with rate cuts: Oliver Wyman

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Huw van Steenis, vice chair of Oliver Wyman and former advisor to Mark Carney, discusses the Bank of England’s decision to hold interest rates at its September meeting and the impact of public sector pay rises. Source link

Britain’s ultra-wealthy are threatening to exit en masse ahead of proposed tax changes

Britain’s ultra-wealthy are threatening to exit en masse ahead of proposed tax changes

Street scene in Old Bond Street, Mayfair, London, United Kingdom. Pawel Libera | The Image Bank | Getty Images LONDON — Monaco, Italy, Switzerland, Dubai. They’re just a few of the destinations trying to lure away the U.K.’s uber wealthy ahead of proposed changes to the country’s divisive non-dom tax regime. Almost two-thirds (63%) of […]

Lot of alpha opportunities under the hood in China A-shares: Goldman Sachs

Lot of alpha opportunities under the hood in China A-shares: Goldman Sachs

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Timothy Moe of Goldman Sachs highlights short-term opportunities in H-shares and long-term potential in A-shares as China’s structural transformation takes shape, but advises a selective approach within these markets. Source link

Why EU tariffs are unlikely to dent Chinese EV makers’ European expansion

Why EU tariffs are unlikely to dent Chinese EV makers’ European expansion

People look at a BYD Dolphin electric subcompact during the 2023 Shenyang International Auto Show on May 3, 2023 in Shenyang, Liaoning Province of China. Vcg | Visual China Group | Getty Images Chinese electric vehicles will remain competitive in Europe despite the EU’s additional tariffs on autos made in the country, particularly after they […]

Europe automaker shares slump after Mercedes becomes latest to cut 2024 guidance

Europe automaker shares slump after Mercedes becomes latest to cut 2024 guidance

An employee does final inspections on a Mercedes-Benz C-Class at the Mercedes-Benz US International factory in Vance, Alabama. Andrew Caballero-Reynolds | AFP | Getty Images Mercedes shares fell more than 8% Friday after becoming the latest carmaker to cut its guidance this year as sluggish demand in China and trade disputes weigh on the sector. […]