No relief in sight as inflation increases most since 1981

Rising inflation exceeded expectations in June, as prices for goods and services reached a year-over-year rate of 9.1% – the highest since 1981, according to Labor Department data published Wednesday. And it does not look like things will improve any time soon, says Sarah House, a senior economist at Wells Fargo. “In recent weeks, gas … Read more

Company downgrades are picking up steam as profit outlooks dim

My colleague Ellen Egeth noted Monday there was an unusual spate of downgrades, and that trend continued Tuesday. I suspect this is because analysts are finally starting to get concerned their second-half estimates are too high and are beginning to adjust. Look what happened today in several key sectors overnight: Banks Ahead of the flood … Read more

Another hot inflation report Q2 earnings make for difficult week ahead

Traders on the floor of the NYSE, June 29, 2022. Source: NYSE Consumer inflation data and the start of the second quarter earnings season could be two catalysts that make for a bumpy ride in markets in the week ahead. PepsiCo’s earnings are the first major report of the week Tuesday, and Delta Air Lines … Read more

Three plays for the third quarter

The health care sector is often a sleepy performer but in this market turmoil it may prove to be one of the areas of not only safety in the third quarter – but growth. The third quarter could be a turbulent time, after the worst first half for stocks since 1970. As investors fear rampant … Read more

Broadcom, Chevron among Wall Street’s favorite dividend stocks heading into second half

As dividend stocks gained in popularity this year, CNBC Pro sought names that could continue to offer investors relative safety and higher yields in the back half of 2022. Investors have pivoted deeper into dividend payers, as greater uncertainty and rising interest rates unnerved market participants and spurred a rotation out of growth names. On … Read more

Here’s why Supreme Court justices are allowed to trade stocks

The US Supreme Court is in the spotlight following its decision to overturn Roe v. Wade and to allow the concealed carrying of a firearm in New York. Those rulings are happening at a time when more experts are calling for reforms to the nation’s highest court. “The Supreme Court is in drastic need of … Read more

Inflation continues to rise, gas prices up nearly 50% since last year

Despite some slowdown in April, inflation continues to rise at a fast clip, according to new Labor Department data published Friday. Year over year, the price of consumer goods and services has risen 8.6% overall, as measured by the consumer price index, or CPI. This marks the largest 12-month increase since December 1981. Month over … Read more

Big banks’ earnings and a hot inflation report could sway markets in short holiday week

A trader on the NYSE, March 11, 2022. Source: NYSE Markets face what could be a hot inflation report in the week ahead and a batch of big bank earnings to start the earnings season. JPMorgan Chase and BlackRock kick off the financial industry’s first-quarter earnings releases Wednesday, with Citigroup, Wells Fargo, Morgan Stanley and … Read more

Warren Buffett reveals his winning equity portfolio. Here's what's in it

The 91-year-old "Oracle of Omaha" revealed his top equity holdings in his widely read annual letter.