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On CNBC's “Halftime Report Final Trades,” Jim Lebenthal of Cerity Partners named Delta Air Lines, Inc. (NYSE:DAL) as people are traveling. On April 10, Delta Air Lines reported better-than-expected first-quarter earnings. The airline reported a first-quarter 2024 operating revenue growth of 8% year-over-year to $13.748 billion and adjusted operating revenue of $12.563 billion (+6% YoY), beating the consensus of $12.57 billion. Adjusted EPS was 45 cents, above the consensus of 36 cents, according to data from Benzinga Pro. SoFi’s Liz Young named Vanguard Short-Term Treasury Index Fund ETF Shares (NASDAQ:VGSH) as her final trade. Don't forget to check out our premarket coverage here

On CNBC’s "Halftime Report Final Trades," Liz Young of BNY Mellon Investment Management named Vanguard Short-Term Treasury Index Fund (NASDAQ:VGSH) as her final trade. Stephen Weiss of Short Hills Capital Partners picked Meta Platforms, Inc. (NASDAQ:META). Meta Platforms recently introduced a special bonus program for Instagram content creators to enhance their earning potential through engaging posts and reels. Don’t forget to check out our premarket coverage here Jason Snipe of Odyssey Capital Advisors named Comcast Corporation (NASDAQ:CMCSA), which reported better-than-expected results for the third quarter. Disney recently announced it will acquire the 33% stake in Hulu it

With the Fed funds rate at 5.5%, its highest level since the early 2000s, the temptation of cash-like investments has never been more appealing, pushing investors to reconsider riskier assets such as stocks. While the Fed may opt to press the hold button this month, the end of rate hikes has not been yet declared. Indeed, the possibility that interest rates could remain high for far longer than many predicted only a few months ago appears to be becoming more realistic. The resilience of the U.S. economy in recent times has left many economists and analysts scratching their heads, prompting them to adjust their growth projections. This, in turn, has made the prospect of a looming re

Traders appear to be backing out on the idea that the Federal Reserve will trim rates this year, as is apparent from the U.S. short-term interest-rates market, a report stated. Options open interest, which shows the amount of risk held by traders, declined sharply across a number of strikes shown by preliminary CME data released Monday, reported Bloomberg. This is a sign of capitulation following heavy pull-backs from rate-cut bets taken earlier, it said. Also Read: How To Invest In Startups The fears seem to be justified given the fact that Fed Chair Jerome Powell indicated the central bank could hike rates by another 50 basis points this year. He also reiterated the central bank's

Treasury yields rose during Wednesday Asian trading session ahead of Federal Reserve Chair Jerome Powell's testimony before Congress and as U.K. inflation came in higher than expected. Consumer Prices Index rose 8.7% from a year ago in May, reported Bloomberg citing the Office for National Statistics. Core inflation, which excludes volatile food and energy, rose unexpectedly to 7.1% from 6.8%, it said. Also Read: Best Penny Stocks Price Action: Yield on 2-year Treasuries rose as high as 4.74% compared to the lows of 4.66% seen on Tuesday, before cooling off a bit. Similarly, yield on 10-year notes rose to 3.76% against the lows of 3.7% seen the day before. "We will not hesitate i

Ahead of Federal Reserve Chairman Jerome Powell's testimony to Congress, Allianz chief economic adviser and noted economist Mohamed El-Erian said the central bank chair's message to the market was ‘confused and confusing.' ‘Confused because they said three things that are internally inconsistent. On the one hand, they increased the inflation forecast. They also increased the amount of hikes that they are anticipating. But on the other hand, they did not hike. So, that was an inconsistent set of outcomes,' he told CNBC. Also Read: How To Invest In Startups El-Erian also highlighted the mixed reactions in the marketplace. ‘You have those who believe that this was a committee outcome.

Andreas Steno Larsen, Founder and CEO of Steno Research, believes the banking turmoil is far from over as persistent core inflation may keep monetary policy tight in coming times. "Monetary policy is likely to remain tight as long as core CPI stays elevated, and with the metric being stuck at 5% annualized, it could be an argument to why Fed will keep rates high, which is the sole reason behind the latest banking turmoil," Larsen explained in a series of tweets. Also Read: How To Invest In Startups May Consumer Price Index (CPI) rose 4% on an annual basis, registering the lowest increase in two years. However, Core CPI, which strips out energy and food, stood at 5.3%, somewhat highe

Treasury yields jumped during the Asian trading session on Tuesday following a global sell-off in the bond market. The decline emerged in the United Kingdom. where investors and traders weighed on the possibility of extended rate hikes due to sticky inflation, reported Bloomberg. Market participants are also awaiting Federal Reserve Chairman Jerome Powell's testimony to Congress on Wednesday. The yield on the 10-year U.S. treasury rose as much as 3.82% before cooling off a bit. Australian yields with the same maturity rose eight basis points to their highest this year, reported Bloomberg. Markets had priced-in expectations that central banks would respond to signs of inflation cooling

Major Wall Street indices soared on Thursday as investors and traders began digesting the possibility the Federal Reserve's aggressive rate hike campaign is nearing its end. The Nasdaq Composite closed Thursday's session 1.15% higher while the S&P 500 gained 1.22% to hit their 14-month highs. Ross Gerber, President and CEO of Gerber Kawasaki Inc., believes the market has factored-in that the economy will not tip into a recession. "Rally rally as the new bull market gores more bears. Market is saying no recession and the Fed is done. The fed knows that higher rates will only kill more banks… you could see it in Powell’s face…," he said in his tweet. The SPDR S&P 500 ETF Trust (NYSE:SPY)

Peter Schiff, chief economist and global strategist at Euro Pacific Capital, said he doesn't believe in the hype on the Federal Reserve’s hawkish pause on rates. "If the #Fed really was hawkish it wouldn’t have skipped this rate hike. There’s a good chance that the Fed’s next move on rates will be a cut, not because #inflation is lower, but because the labor market finally cracks," Schiff said in his tweet. Also Read: Best Penny Stocks The economist's comments follow the central bank announcing a pause in its rate hike campaign after ten successive increases to tackle decades-high inflation. What did appear as a point of concern was the Fed's indication it may hike rates by another

Allianz chief economic adviser and noted economist Mohamed El-Erian has highlighted the one quote by Federal Reserve Chairman Jerome Powell which he thinks made many people perceive Wednesday's policy as hawkish despite the pause in rate hikes. "…it will be appropriate to cut rates at such time as inflation is coming down really significantly and again we’re talking about a couple years out," Powell had said Wednesday. Also Read: Best Penny Stocks El-Erian said the statement is the reason why many have described Fed's pause in rate hikes as hawkish after ten successive increases. "It is also the one that has most raised eyebrows given that the [Fed] has insisted that it's data depen

Bond traders appeared to be increasing their bets on the probability the Federal Reserve will likely tip the U.S. economy into a recession as is apparent from the steepening of the yield curve inversion. Bloomberg had earlier reported the story. Despite the central bank pausing its rate hike campaign for the first time since it began its aggressive monetary policy cycle, the Fed's indication that it could raise rates by another 50 basis points this year led to a sell-off in policy-sensitive short-dated securities, causing a rise in yields. At the same time, yields on long-dated bonds fell pushing the yield-curve inversion between two and 10-year yields to over 90 basis points, according t

Ross Gerber, President and CEO of Gerber Kawasaki Inc., believes that with inflation cooling down, the Federal Reserve's rate hiking cycle is likely to come to an end. "INFLATION IS DEAD. With the broken shelter number being the largest contributor to inflation, this number is actually negative IRL. Fed is done, bye bye and go away!" Gerber tweeted. INFLATION IS DEAD. With the broken shelter number being the largest contributor to inflation, this number is actually negative IRL. Fed is done, bye bye and go away!— Ross Gerber (@GerberKawasaki) June 13, 2023 May Consumer Price Index (CPI) rose 4% on an annual basis, the lowest in two years. Core CPI, which strips out energy and food

Hedge funds continue to extend their short positions on short-term Treasury Bills at a time when there is a widespread opinion that the Federal Reserve's rate hiking cycle may not be over yet. Leveraged investors increased their net-short two-year Treasury positions for an eleventh straight week in the period to June 6, reported Bloomberg citing the latest Commodity Futures Trading Commission figures. That's the longest run on record according to data going back to 2006, it said. Also Read: How to Buy Treasury Bonds Yields on two-year treasury notes are already trading higher by about 96 basis points from the lows seen in early May. However, they are yet to reach the highs of over 5

Despite calls from many corners that the possibility of a recession has eased, some of the world's biggest bond managers are reportedly sticking to their forecasts for a downturn and advise hedging any bets on risky assets. The bond managers believe 10 consecutive rate hikes by the Federal Reserve have already done the damage while the U.S. banking collapses were a precursor to a bigger crisis as central banks continue to stay hawkish. Also Read: Best Penny Stocks Steve Ellis, global fixed-income chief investment officer at Fidelity International told Bloomberg that something akin to a credit crunch is what he is most concerned about. Central banks' continued tightening shows they'r

Peter Schiff, chief economist and global strategist at Euro Pacific Capital said investors are wrong to think U.S. Treasuries will provide a safe haven in current times and has warned they do not understand the real issue. "If you’re hiding out in Treasuries because you’re worried about the #economy, #banks, or an over-valued #StockMarket, you don’t understand the real problem. You’re correct to be concerned, but wrong to think there’s any safety in Treasuries. Don’t be fooled by nominal yields," Schiff said in his tweet. Also Read: How To Invest In Startups Treasury yields declined on Thursday on reports of an extended fall in new manufacturing orders and lower labor costs, reporte

Dwindling cash reserves were reportedly forcing the Treasury Department to adopt fresh maneuvers almost on a daily basis. However, with the passage of the bill in the Senate, the Treasury can now heave a sigh of relief. The legislation was cleared on Thursday night with 63 votes in favor and 36 votes against it. The Treasury had said Thursday that while it's "tentatively" intending to proceed with its regular auctions of three- and six-month bills next Monday, it may have to postpone them if Congress does not pass the legislation by that time, reported Bloomberg. Also Read: How To Invest In Startups On Wednesday, Treasury Secretary Janet Yellen's department announced it was making

Otavio Costa, a portfolio manager at Crescat Capital, believes the United States is primed to have its own Bank of England moment given that the Federal Reserve may have to end up buying Treasury Bills as a last resort. This is because a deluge of bonds is anticipated to hit the market in the coming times as the Treasury Department ramps up its borrowing following the debt ceiling deal. Costa noted in his tweet that in the past, lack of inflation concerns, foreign investors’ demand for Treasuries, absence of bank failures and the Fed's ultra-dovish stance allowed the market to smoothly absorb the growing debt supply without significant disruptions. Also Read: Best Penny Stocks H

With President Joe Biden and House Speaker Kevin McCarthy reaching a tentative deal on the borrowing limit, the bond market's concerns seem to have shifted from the possibility of default to the deluge of Treasury Bills expected to hit the market, impacting short-term borrowing rates. The Treasury Department is expected to soon replenish its coffers by selling more than $1 trillion of bonds through the end of the third quarter, reported Bloomberg. With such a massive supply of paper hitting the market and with yields already trending on the higher side due to the Federal Reserve's aggressive monetary policy, short-term yields are likely to shoot up significantly in the coming days. Als

Nobel laureate and noted economist Paul Krugman said he's terrified of the possible implications of an actual default by the United States on its debt but believes ratings agencies are "just irrelevant." Krugman's comments come at a time when Fitch Ratings placed the ‘AAA’ Long-Term Foreign-Currency Issuer Default Rating of the United States on Rating Watch Negative, in the wake of political stand-off between President Joe Biden's administration and Republican lawmakers regarding the debt ceiling crisis. Fitch said its action reflects increased political partisanship that is hindering reaching a resolution to raise or suspend the debt limit despite the fast-approaching X date – the day

The continuing political stand-off in debt ceiling negotiations has begun taking its toll on short-term treasuries with yields on soon-to-mature papers reportedly topping 7%. The impasse has also hurt appetite for short-term treasuries as the possibility of a default is something that investors have begun to weigh-in. Rates on treasuries set to mature on June 1 and June 6 at one point on Wednesday topped 7%, which is close to 4 percentage points above the yields on instruments maturing May 30, reported Bloomberg. The iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) closed 0.12% lower while the Vanguard Short-Term Treasury Index Fund ETF (NASDAQ:VGSH) lost over 0.15% on Wednesday, according

JPMorgan CEO Jamie Dimon reportedly said everyone must be prepared for higher interest rates and noted that credit is already tightening up. "You are already seeing credit tightening up because you know the easiest way for a bank to retain capital is not to make the next loan. So, I think you are going to see that. And I think everyone should be prepared for rates going higher from here," Dimon said while speaking at the bank's investor conference, according to video posted by Bloomberg. "You should be prepared for 6-7(%)," he added. Also Read: Best Penny Stocks Indeed, although the equity market is still reflecting optimism, persistent rate hikes by the Federal Reserve and the o

Investors and traders are bracing for potential volatility in currencies and losses in equities as the debt ceiling crisis enters the fourth week of May with both parties yet to reach a consensus. President Joe Biden and House Speaker Kevin McCarthy will meet on Monday to discuss the matter, following a “productive” phone call as the President headed back to Washington following the G7 meeting. Before leaving Japan, the President said in a briefing that his administration is willing to cut spending as well as raise revenue. Also Read: Best Penny Stocks Strategists at JPMorgan Chase & Co. and Morgan Stanley have cautioned that a stand-off threatens the outlook for equity markets whil

President Joe Biden and House Speaker Kevin McCarthy will meet on Monday to discuss the debt ceiling, following a “productive” phone call as the President headed back to Washington following the G7 meet, the two sides reportedly said on Sunday. What Happened: Biden had spoken with McCarthy on Sunday about raising the U.S. debt limit. Before leaving Japan, the President said in a briefing that his administration is willing to cut spending as well as raise revenue. Also Read: How To Invest In Startups “Much of what they’ve already proposed is simply, quite frankly, unacceptable,” Biden told a news conference in Hiroshima, according to a Reuters report. “It’s time for Republicans to ac