Business News

Rupee breaches 81, policy challenge: let it find its value or burn forex, hike rates

As the rupee breached the 81-mark to the US dollar intra-day Friday, policy makers in New Delhi are in a dilemma with the Reserve Bank of India (RBI) having burned forex reserves at a dramatic pace this calendar year to prevent exchange rate volatility – an intervention which many in the market believe is to …

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The S&P 500 could retest its bear market low as the Fed meeting looms, according to chart analysts

With the Federal Reserve meeting this week, stocks could be volatile, and technical analysts say the S & P 500 looks increasingly set for a retest — and possible break — of its June low. Stock charts have seen a lot of damage recently, and some technical strategists are becoming more pessimistic in the near-term. …

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Three reasons why JPMorgan’s Kolanovic believes market downside is limited from here

JPMorgan’s Marko Kolanovic believes the market sell-off won’t get much worse than this as Wall Street’s top strategist found three big reasons to stay optimistic. Fears of aggressive rate hikes prompted investors to dump risk assets, especially growth stocks in recent weeks. The S & P 500 dropped 4.8% last week, its worst weekly performance …

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Bonds vs. stocks, oil’s plunge, a small buy in tough market

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 am ET. Here’s a recap of Friday’s key moments. Bonds vs. stocks Energy stocks Constellation buy 1. Bonds vs. stocks The Dow plummeted Friday, below its 2022 closing low in mid-June, battered in part by rising bond yields. The …

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Emilio Estefan talks about the challenges of Latino representation in the media

Legendary music producer Emilio Estefan weighed in with his take on how to boost Latino representation in showbiz. Latinos, he said, should be true to their identities. “I feel proud that I didn’t have to change my last name. I didn’t have to change my sound because people liked it,” he said. “We bring something …

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As Treasury yields rise, here’s how to allocate your portfolio, pros say

The latest threat to stocks now isn’t any macro risk — it’s rising 2-year Treasury yields, according to some fund managers and strategists. Short-term, relatively risk-free Treasury bonds and funds are back in the spotlight as the yield on the 2-year Treasury continues to rise. On Wednesday, it reached 4.1%—the highest level since 2007. As …

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‘Avatar’ returns to theaters as Disney hypes James Cameron’s long-delayed sequel

Avatar Source: Walt Disney Studios The Na’vi return to the big screen this weekend as Disney looks to reignite interest in its newly acquired Avatar franchise, three months before the debut of the long-delayed sequel, “Avatar: The Way of Water.” Bringing the highest-grossing film of all time back to theaters has two purposes for Disney: …

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3 takeaways from Wednesday’s ‘Morning Meeting’ – Fed and firms with pricing power

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 am ET. Here’s a recap of Wednesday’s key moments. We’re letting our stocks run on Fed day Companies with pricing power are winners here Quick mentions: CSCO, NVDA, QCOM, MRVL, CRM 1. We’re letting our stocks run on Fed …

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One number could be the key to how markets trade right after the Fed meets

The bond market is waiting for Federal Reserve officials to reveal how high they think interest rates will go. The reaction to that forecast will also have a profound impact on stocks, which have struggled as rates have risen in anticipation of a more aggressive Fed. The latest Fed forecast for a terminal rate — …

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