Household ownership of the U.S. stock market is near a record, but that could be a worrisome development, according to Ned Davis Research. Individual investors are the largest owner of stocks, having allocated roughly 48% of their assets to equities in the first quarter, analyst London Stockton said in a note. The comeback rally of…
U.S. or Israeli military action that leads to regime change in OPEC member Iran would have a profound impact on the global oil market, according to JPMorgan. “If history serves as a guide, further destabilization of Iran could lead to significantly higher oil prices sustained over extended periods,” Natasha Kaneva, head of global commodities research…
Wednesday’s Federal Reserve update kept intact a key interest rate projection that Wall Street was looking for, but it also raised concern about deeper structural problems for the U.S. economy. The official forecast from Fed officials still pointed to two interest rate cuts in 2025. But Fed officials also lowered the outlook for economic growth…
Huge waiting lines are seen in front of jewelry retailer stores at Yu Garden in Shanghai, China, on May 17, 2025, as the city offers consumption vouchers to stimulate consumer spending. Nurphoto | Nurphoto | Getty Images China’s retail sales in May grew at their fastest rate since late 2023, data from National Bureau of…
TD Cowen sees a bright future ahead for fashion giant Tapestry . The investment bank upgraded Tapestry — the parent of Coach and Kate Spade New York — to a buy rating from hold. Analyst Oliver Chen also lifted his price target 11%, to $100 from $90. Shares of Tapestry have surged 25% this year…
U.S. Treasury Secretary Scott Bessent (center) at Lancaster House in London, U.K., on Monday, June 9, 2025. Chris Ratcliffe | Bloomberg | Getty Images Trade negotiators from the U.S. and China have met in London, and talks are expected to continue Tuesday, a source familiar with the situation told CNBC’s Megan Casella. At the top…
Traders work at the New York Stock Exchange on June 4, 2025. NYSE Stock futures are near flat on Monday night as investors waited for more insight on trade discussions between the U.S. and China. Dow Jones Industrial Average futures add 23 points points, or 0.1%. S&P 500 futures and Nasdaq 100 futures each also…
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Bus stop advertising for Chinese fashion company Shein on 4th May 2025 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Fast fashion giant Shein’s troubles continue to mount after its much anticipated London initial public offering (IPO) reportedly hit a fresh roadblock. The e-commerce behemoth is now aiming for a Hong…
Jamie Beaton has built a career helping students from around the world gain admission to Harvard University and other top-tier institutions. Now, days after the Trump administration banned Harvard from enrolling international students and stopped scheduling appointments for student visas, Beaton, co-founder and CEO of Crimson Education, a college consulting firm, is advising his clients to “ignore the chaos.” Getting…