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Can China's economy reverse a sluggish 2023 in the last quarter? Here's what to watch

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BEIJING — The last three months of the year are set to bring more clarity on China’s economic outlook and any government support — especially for the critical real estate sector. China’s rebound this year from Covid-19 has slowed since April. Then over the summer, the property slump accelerated, despite many large cities easing restrictions …

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Bill Ackman believes the 10-year Treasury yield could approach 5% soon

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Billionaire hedge fund manager Bill Ackman believes long-term Treasury yields can shoot even higher in the short run on the back of stubborn inflation. “I would not be shocked to see 30-year rates through the 5% barrier, and you could see the 10-year approach 5%,” he told CNBC’s Scott Wapner at the CNBC Delivering Alpha Investor Summit on …

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Brad Gerstner says AI will be bigger than the internet, bigger than mobile

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Altimeter Capital Chair and CEO Brad Gerstner is massively bullish on artificial intelligence, saying the power of the advanced technology could even trump the internet. “AI is going to be bigger than the internet, bigger than mobile and bigger than cloud software,” Gerstner said at CNBC Delivering Alpha Investor Summit on Thursday in New York. AI has …

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Stocks making the biggest moves midday: CarMax, Accenture, Peloton, Jefferies and more

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Check out the companies making headlines in midday trading. Trimble — The technology services provider jumped about 6.4% Thursday on the back of an announcement that AGCO Corporation will acquire an 85% stake in Trimble’s agribusiness for $2 billion in cash, as the tractor and seeding equipment firm looks to grow its precision agriculture portfolio. …

Stocks making the biggest moves midday: CarMax, Accenture, Peloton, Jefferies and more Read More »

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Ray Dalio says the U.S. is going to have a debt crisis

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Billionaire investor Ray Dalio is watching closely the “risky” U.S. fiscal situation. “We’re going to have a debt crisis in this country,” the founder of hedge fund Bridgewater Associates said in an interview with CNBC’s Sara Eisen that aired on Thursday. The two were speaking at a fireside chat at the Managed Funds Association. “How …

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Stocks making the biggest moves premarket: Micron, CarMax, GameStop and more

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Check out the companies making headlines before the bell. Micron — The chipmaker’s shares fell 3.4% Thursday before the bell on the back of a weaker-than-expected earnings forecast. Micron estimates a fiscal first-quarter loss of $1.07 per share, on a non-GAAP basis, while analysts polled by LSEG expected a loss of 95 cents. For the …

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Stocks making the biggest moves after hours: Micron, Peloton, Jefferies and more

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Check out the companies making headlines in extended trading. Micron Technology — The chip stock slid 4% in extended trading after Micron offered weaker-than-expected earnings guidance for the current quarter. Micron said to expect a loss of $1.07 per share, while analysts polled by LSEG, formerly known as Refinitiv, expected 95 cents. Elsewhere, the company …

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Costco beat on earnings and won Wall Street upgrades. What the pros say to do next

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Market Movers rounded up the latest reactions on Costco from investors and analysts. The pros, including Jim Cramer , discussed the leading wholesale club after it topped earnings and revenue expectations and reported 71 million paid household members, up nearly 8% from a year ago. Costco’s stock received several analyst upgrades after the results, closing …

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CEO of private credit giant Ares says his firm is benefitting from rising rates

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With the S&P 500 on pace for its worst monthly performance since December of last year, investors are increasingly turning to alternative assets outside of equities and bonds to generate returns. One of those strategies is private credit. Despite the changing macro backdrop, the industry has posted annual gains for the last 13 years and …

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What a stressed commercial real estate market means for these exposed bank stocks

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Banks are facing mounting uncertainty as the commercial real estate (CRE) sector continues to struggle. But, tailwinds in our financial names should help safeguard their bottom lines. Club names Wells Fargo (WFC) and Morgan Stanley (MS) have bright spots in their operations that can offset potential weakness from CRE exposure. We’re optimistic about green shoots …

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