Risk-averse investors have a new option to bet more safely on Tesla. Innovator ETFs launched the Innovator Hedged TSLA Strategy ETF (TSLH) last month, among other defined outcome products. According to Bruce Bond, CEO of the ETF, it gives investors exposure to the stock while largely avoiding volatility and valuation risks. It is a buffered … Read more
In the current recent euphoria of the markets, Michael Burry has to appear as a bummer. In addition, as “Cassandra BC”, he chose as a handle in the microblogging website Twitter. This suggests he doesn’t mind often going against the grain of the general trend if he ends up being right. Major financial indices closed … Read more
Despite positive inflation data this week, Richmond Federal Reserve president Thomas Barkin said Friday that more rate hikes will be needed to ease price pressures. This week’s releases showing the consumer and wholesale price increases that eased in July were “very welcome,” Barkin told CNBC’s “Squawk on the Street” in a live interview. “So we’re … Read more
According to booking site Trip.com, Sanya, on Hainan’s south coast, was the top destination for couples flying from three of China’s largest cities last week for the Chinese version of Valentine’s Day. Lucas Schifres | Getty Images News | Getty Images BEIJING — China’s tourism province of Hainan is further behind the lofty growth targets … Read more
Equity futures rose early Friday after the Dow Industrial Average and S&P 500 closed nearly flat after a short-lived rally driven by another positive inflation report. Futures pegged to the Dow Jones were up 45 points, or 0.14%, while the S&P 500 and Nasdaq 100 were up 0.17% and 0.25%, respectively. Shares of Rivian fluctuated … Read more
According to Moody’s, China’s real estate sector accounts for more than a quarter of the national GDP. Pictured here is a residential complex under construction on December 15, 2021 in Guizhou Province. Cost photo | Future publication | Getty Images BEIJING — China’s real estate problems could spill over into other major sectors if the … Read more
DENVER — The Metro Denver housing market has undergone a major shift. It is now one of the most vulnerable markets in the country, according to real estate broker Redfin. Redfin’s risk score is based on interest rates, home sales and price declines. It may not be the best time to buy, but for many … Read more
Dow futures were higher in overnight trading on Wednesday after all major averages posted sharp gains on the back of a better-than-expected July inflation report. Futures pegged to the Dow Jones were up 0.27% or 89 points, while S&P 500 futures and Nasdaq 100 futures were up 0.26% and 0.38%, respectively. Disney added 6.7% in … Read more
Disney store can be seen in Times Square, New York City. Nick Pfosi | Reuters Check out the companies making headlines Wednesday after the bell: Walt Disney – Shares of the entertainment company rose 5.8% after Disney booked better-than-expected Disney+ subscriptions in the previous quarter. Subscriptions came in at 152.1 million, above StreetAccount’s expected 147.76 … Read more
CNBC’s Jim Cramer said on Wednesday that inflation is peaking, which is good news for stocks that have been trampled in recent months. “The stock market… fully saw peak inflation coming. I think you had to be intentionally stupid to miss this because commodity prices collapsed a while ago, but now it’s undeniable,” said the … Read more
