Wilmington Trust’s Meghan Shue expects growth stocks, including Big Tech, to hit more turbulence over the next three months. “Our main takeaway was to lean a little bit more into value and trim some of our growth exposure,” Shue, the firm’s head of investment strategy, told CNBC’s “Trading Nation”on...
Read More
Treasury Secretary Janet Yellen laid out a three-pronged agenda on Wednesday to address what she described as ongoing threats to the nation’s financial system. Those threats include both disruptions that occurred early in the Covid-19 pandemic as well as more recent developments regarding hedge funds. Presiding over the Financial...
In this photo illustration the QuantumScape logo is seen on a smartphone and a pc screen. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Check out the companies making headlines after the bell on Wednesday: Micron – Shares of the chipmaker rose 2.3% after the company reported...
Samuel Corum/Bloomberg via Getty Images The IRS will start issuing tax refunds in May to Americans who filed their returns without claiming a new break on unemployment benefits, the federal agency said Wednesday. The American Rescue Plan waived federal tax on up to $10,200 of unemployment benefits, per person,...
Treasury Secretary Janet Yellen laid out a three-pronged agenda on Wednesday to address what she described as ongoing threats to the nation’s financial system. Presiding over the Financial Stability Oversight Council, which she now leads but was once a member, Yellen said last year’s market disruptions at the onset...
Samuel Corum/Bloomberg via Getty Images The IRS will start issuing tax refunds in May to Americans who filed their returns without claiming a new break on unemployment benefits, the federal agency said Wednesday. The American Rescue Plan waived federal tax on up to $10,200 of unemployment benefits, per person,...
U.S. stocks rose on Wednesday, closing out March and the first quarter on a high note as investors rotated back into high-growth tech while weighing PresidentJoe Biden’s big infrastructure spending plan. The S&P 500 ended the session 0.4% higher at 3,972.89 after jumping 0.9% to hit a fresh intraday...
U.S. stocks rose on Wednesday led by technology shares as investors weighed the potential impact from PresidentJoe Biden’s infrastructure spending plan. The S&P 500 climbed 0.9%, hitting a fresh intraday record high. The tech-heavy Nasdaq Composite popped 2% as the jump in bond yields eased. Apple, Microsoft, Netflix and...
Kiyoshi Hijiki | Moment | Getty Images Nearly 3 million more business owners claimed a 20% tax deduction on their income last year relative to the prior filing season, according to IRS data. Around 21.2 million returns claimed the “qualified business income” deduction during tax season last year, which...
Oil prices will stabilise above $60 a barrel level this year, as vaccine rollouts support a demand recovery and OPEC and its allies continue to rein in supply, a Reuters poll showed on Wednesday. The survey of 48 participants forecast Brent would average $63.12 per barrel in 2021, up...