Pricing in a trade war is hard enough, but it’s being made even more challenging by having to account for President Donald Trump’s Twitter feed. Markets are recovering now from the latest episode in which the president has made policy via social media, announcing a week ago that he intends to enact tariffs on all
Investing
Investor Steve Eisman is predicting bad things ahead for anyone betting on online real estate site Zillow, which has been trying to expand its operations but faces a stiff challenge. The managing director and senior portfolio manager at Neuberger Berman has been shorting Zillow for some time, and explained to CNBC in an interview Thursday that the
Bob Iger, CEO, Disney Stephen Desaulniers | CNBC Here are the biggest calls on Wall Street on Thursday: Credit Suisse upgraded Disney to ‘outperform’ from ‘neutral’ Credit Suisse said it sees further upside into the company’s Disney+ launch. “We are upgrading Disney from Neutral to Outperform and increasing our price target $20 to $150/share. We
Bank stocks are getting slammed this week as the trade war heats up, but according to some analysts, that selling is misplaced. Wall Street took collapsing bond yields Wednesday to mean trouble for the economy, and investors fled positions in the largest U.S. financial institutions. Shares of J.P. Morgan Chase and Bank of America led
The Federal Reserve’s “midcycle adjustment” to interest rates could be morphing into something considerably more serious, judging by recent market action. After the rate cut approved last week, Fed Chairman Jerome Powell quickly doused market expectations that the move was a sign of an extended period of monetary easing. Powell mostly expressed optimism in the