Wilmington Trust’s Meghan Shue is opening her playbook for the year’s second half — which starts Thursday. Her strategy includes an overexposure to cyclicals, and she favors financials, energy, commodities, materials and industrials. “We see the economic recovery continuing and being a tailwind for stocks,” the firm’s head of investment strategy told CNBC’s “Trading Nation”
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In this article CMCSA Still from Universal’s “F9.” Universal Universal’s “F9” is paving the way for 2021’s summer box office. Over its opening weekend, the Fast and Furious film tallied $70 million in box office receipts, the most of any movie released in the wake of the coronavirus pandemic. The previous record holder was Paramount’s
In this article @ND.1 @DJ.1 @SP.1 A man walks past the charging bull statue near the New York Stock Exchange. Mandel Ngan | AFP | Getty Images Futures contracts tied to the major U.S. stock indexes rose at the start of the overnight session Sunday evening after the S&P 500 notched its best week since
VALERIE MACON | AFP | Getty Images A new bipartisan bill proposed in Congress would require the Social Security Administration to once again mail annual statements to everyone ages 25 and over who have paid into the system. The bill, called the Know Your Social Security Act, was proposed on Thursday by Republicans and Democrats
Many things have been in short supply during the coronavirus crisis, and that includes housing. When the country went into lockdown, Americans were on the move. The sudden shake up caused a spike in home prices. Even now, potential buyers continue to be shut out of the housing market as prices head higher and higher.
New York State Attorney General, Letitia James, speaks during a news conference, to announce criminal justice reform in New York City, U.S., May 21, 2021. Brendan McDermid | Reuters New York Attorney General Letitia James announced on Saturday that Johnson & Johnson has agreed to halt sales of opioids nationwide in a $230 million settlement
Zillow home page Source: Zillow Investors looking for stock ideas into the second half of 2021 may want consider some of these fresh ideas. These are stocks that Wall Street analysts believe are primed to surge over the long run and offer good value now. The names highlighted in this article not only fit the
In this article CCF BAC PNC PYPL SQ COIN Hiraman | E+ | Getty Images There’s been a surge in consumer complaints about mobile payment apps and digital wallets, such as Venmo, Cash App, Coinbase and Zelle, as more Americans go cashless. That’s according to a new report from the U.S. Public Interest Research Group,
As Congress considers President Biden’s proposal to raise the corporate tax rate from 21 percent to 28 percent, it is important to remember that the Tax Cuts and Jobs Act (TCJA) of 2017 expanded the corporate tax base. A broader corporate tax base means that increasing the tax rate will have a larger impact on
Kevin Durant #7 of the Brooklyn Nets takes a shot to tie the game and force overtime as P.J. Tucker #17 of the Milwaukee Bucks defends in the final seconds of regulation during game seven of the Eastern Conference second round at Barclays Center on June 19, 2021 in the Brooklyn borough of New York
In this article BYND MGM KBH MGNI DRI People walk in front of the MGM Resorts International Bellagio Resort & Casino in Las Vegas, Nevada, on Tuesday, March 17, 2020. Joe Buglewicz | Bloomberg via Getty Images Ad tech stocks — The digital advertising industry saw stocks surge Thursday after Google pushed back its timeline
Marla Snead (right), with daughters Kelsie Dillard (left) and Carlee Turner. Marla Snead In just a few weeks, millions of families will start to receive monthly payments from the federal government through its new, expanded child tax credit. For Marla Snead, 52, the money will mean the world. Snead and her youngest daughter, Carlee, 14,
A view of the site during a rescue operation of a 12-storey Champlain Tower partially collapsed in Surfside, Florida, United States, on June 25, 2021. Stringer | Anadolu Agency | Getty Images Nearly three years before a Florida condo tower collapsed, an engineer warned that the building’s failed waterproofing of its pool deck was causing
Federal Reserve Vice Chairman for Supervision Randal Quarles addresses the Economic Club of New York in New York City, October 18, 2018. Brendan McDermid | Reuters The Federal Reserve announced Thursday that the biggest U.S. banks could easily withstand a severe recession, a milestone for the once-beleaguered industry. The Fed, in releasing the results of
d3sign | Moment | Getty Images The Earth is heating up and the effects — droughts, hurricanes, wildfires, to name a few — are getting more common and severe. Yet consumers can do something about climate change — in simple ways that also save money. “It’s a bunch of little things that add up,” said
Getty Images Amid the recent real estate bull market, one fact has been often overlooked: More than half of home ownership growth over the past decade has come from the Latino population. That trend is expected to continue. A study by the Urban Institute forecasts Latino buyers will comprise 70% of home ownership growth from
In this article NKE CNBC’s Jim Cramer on Friday advised investors to wait for shares of Nike to cool down before buying after the stock rallied double digits on a quarterly report that beat expectations by a long shot. “While the stock’s far from cheap, business is booming, so you’ve got my blessing to buy
U.S. stock futures rose in overnight trading on Thursday after the S&P 500 closed at a record. Dow futures rose about 100 points. S&P 500 futures gained 0.1%, and Nasdaq 100 futures were flat. Nike‘s stock rose nearly 5% in extended trading after the company reported earnings of 93 cents per share, outpacing a Refinitiv
As high school graduation festivities come to an end, a new milestone is ahead for families of first-year college students — making the first tuition payment. Invoices for the fall semester are often sent out at the beginning of July and payments are typically due the first week of August. Yet some families still may
CNBC’s Jim Cramer on Friday advised investors to keep a clear mind in the coming days as Wall Street readies to digest the June jobs report out in a week. The report will be pivotal due to the ongoing debate about rising consumer prices in the U.S., he said. “Next week’s all about Friday’s nonfarm