Traders work on the floor of the New York Stock Exchange on August 14, 2019 Spencer Platt | Getty Images Stock pickers are heavily invested in bank stocks, and it hasn’t been working out well for them. Mutual funds are most overweight in financials across all sectors, according to a Goldman Sachs analysis of 597
Finance
Former New York Fed President Bill Dudley‘s push for the central bank to consider the 2020 election when crafting monetary policy is “grossly irresponsible” behavior, economist Larry Summers told CNBC on Thursday. Dudley, in a Wednesday post on Bloomberg, suggested the Federal Reserve could, and should, try to sway the election against President Donald Trump.
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Ulta nosedived 21% after the company lowered its guidance and missed earnings estimates. The beauty company lowered its revenue growth guidance to 9%-12%, compared to
President Donald Trump speaks during the G7 summit in Biarritz, France, August 26, 2019. Carlos Barria | Reuters President Donald Trump said the U.S. and China are set to have trade talks on Thursday “at a different level.” “There’s a talk scheduled for today at a different level,” Trump said in an interview with Fox
Traders signal offers in the Ten-Year Treasury Note Options pit at the Chicago Board of Trade. Scott Olson | Getty Images Bond yields are heading south, and there appears to be no stopping them for now. The benchmark 10-year Treasury note yield, which influences everything from business loans to home mortgages, has been hugging three-year