A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. United States real estate industry rules governing agent commissions will change on August 17 as part of a legal settlement between the National Association of Realtors and home sellers. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)Patrick T. Fallon | Afp | Getty ImagesThe supply of homes for sale is still low by historical standards, but it is rising quickly.Nationwide, active listings in August were up 36% compared with the same month last…
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SAN ANSELMO, CALIFORNIA – JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly violating securities laws by acting as an exchange, a broker and a clearing agency without registering with the Securities and Exchange Commission. (Photo Illustration by Justin Sullivan/Getty Images)Justin Sullivan | Getty ImagesCryptocurrency exchange Coinbase just wrapped up its worst week of the year. Bitcoin miner Marathon Digital tumbled 20%. A basket of crypto-related equities tracked by Schwab fell to…
Democratic presidential candidate Vice President Kamala Harris arrives at Portsmouth International Airport in Portsmouth, New Hampshire, Sept. 4, 2024.Joseph Prezioso | AFP | Getty Images’We don’t make any changes until the law has passed’Currently, investors pay 0%, 15% or 20% for long-term capital gains, plus an extra 3.8% net investment income tax, or NIIT, once modified adjusted gross income, or MAGI, exceeds $200,000 for single filers or $250,000 for married couples filing together. Harris’ plan would also increase the NIIT to 5%, The Wall Street Journal reported Wednesday.Profitable assets owned for one year or less are subject to regular income…
Rupert Murdoch at his annual party at Spencer House, St James’ Place in London. Picture date: Thursday June 22, 2023.Victoria Jones | Pa Images | Getty ImagesActivist investor Starboard Value has moved to dissolve News Corp’s dual-class share structure, a challenge to the Murdoch family’s control over the Wall Street Journal parent, according to people familiar with the matter.The push was made via a non-binding shareholder resolution, said the people. News Corp’s structure as of September gave Rupert Murdoch control over around 40% of the company’s voting stock.Starboard owns roughly 2% of the company’s Class A shares, according to FactSet…
Alex Karp, CEO of Palantir Technologies, speaks at the World Economic Forum in Davos, Switzerland, Jan. 18, 2023.Arnd Wiegmann | ReutersDell and Palantir shares both surged about 7% in extended trading on Friday after S&P Global announced that the two technology companies would join the S&P 500 U.S. stock index.Palantir will take the place of American Airlines, and Dell is replacing Etsy, according to a statement.This won’t be Dell’s debut in the index. The computer and server maker was a constituent from 1996 to 2013, as founder Michael Dell and private-equity firm Silver Lake took the company private. Dell went…
Joe Kiani, CEO, MasimoScott Mlyn | CNBCMasimo CEO Joe Kiani, whose medical-technology company is in the midst of a proxy battle with activist Politan, revealed what he called confidential information to a major investor 12 hours before it was released to the public, according to court filings.The documents, partially unsealed on Friday, are related to ongoing litigation between Politan and Masimo, which makes devices for monitoring the amount of blood in a person’s oxygen. Politan is seeking to replace two directors, including Kiani, with its own candidates at a shareholder meeting later this month.Included in the latest filing is a…
Wall Street appears to be grappling with what the mixed August jobs data means exactly for markets. Stocks dropped Friday, with the S & P 500 headed for its worst week in a year after the nonfarm payrolls report came in with both good and bad news. On one hand, the unemployment number eased slightly. On the other, the headline jobs number missed expectations and. Additionally, jobs growth for the previous two months saw significant downward revisions. One thing, however, was made clear to some investors by this latest jobs report: The labor market — and by extension the economy…
Oppenheimer thinks stocks ranging from an electric vehicle favorite to a solid waste collector could get a a short-term boost depending on which party dominates this year’s presidential election in November. “As the 2024 election draws nearer, we expect the outcome of the presidential and Congressional races to impact several key issues affecting our covered companies,” Oppenheimer analysts led by Colin Rusch said in a Thursday note to clients. “We expect stocks’ behavior over the medium-term will more likely be a function of secular trends impacting global demand, and would encourage investors to be opportunistic around short-term sentiment.” Oppenheimer said…
Wall Street is under pressure this week, but the selling in some individual names may have gone too far. The benchmark S & P 500 is on pace for its worst weekly performance in more than a year, losing more than 4%. Technology stocks were noticeably weak as investors pared exposure to the sector, pulling down the Nasdaq Composite more than 2%. A sluggish August jobs report also weighed on an already jumpy market susceptible to any sign of an economic growth slowdown. Some stocks may be due for a short-term bounce. Using the CNBC Pro Stock Screener , we…
Weak jobs data was the last critical data point for the Fed and it did not solidify if they cut by a quarter or half point less than two weeks at their September meeting. But it did reinforce a weakening economy. With the tech sector continuing to see profit taking, I want to establish a short-term bearish view and utilize the very popular QQQ ETF which tracks the Nasdaq 100 Index. QQQ .SPX YTD mountain Invesco QQQ Trust vs. SPDR S & P 500 ETF, YTD Market sentiment continues to shift after a tumultuous August and an already volatile start…