Earning season is about to get underway and that could be a positive catalyst for stocks

A man wearing a protective face mask walks by 14 Wall Street in the financial district of New York, November 19, 2020. Shannon Stapleton | Reuters The earnings reporting season gets underway in the week ahead, and it is expected to be a positive catalyst that could continue to send stocks higher for now. The … Read more

Platinum is at a six year high — what’s behind the surge, why it can keep going and how to play it

Platinum bars Tomohiro Ohsumi | Bloomberg | Getty Images Platinum prices are trading at their highest level in more than six years amid improving industrial demand and ongoing interest from investors, who are betting that the precious metal will play a key role in the transition to cleaner energy. On Thursday platinum traded as high … Read more

These stocks with healthy dividends have double-digit upside, analysts say

Traders on the floor of the New York Stock Exchange. Source: The New York Stock Exchange With volatility picking up in the markets, many investors will be drawn to dividend stocks that offer a steadier, more predictable return, and many stocks with healthy payouts are well liked on Wall Street. There are 10 stocks in … Read more

Wells Fargo sees a modest overall market rise in 2021, but big gains for these ‘Covid beta’ stocks

Ralph Lauren signage is seen on the window of a store on Prince Street in New York. Michael Nagle | Bloomberg | Getty Images (This story is for CNBC Pro subscribers only.) Wells Fargo only expects marginal gains for the overall market next year, but a handful of stocks are poised for strong outperformance. Source … Read more

When will the world reach ‘herd immunity’? Citi weighs in

A sign on the entrance to a pharmacy reads “Covid-19 Vaccine Not Yet Available” in Burbank, California on Nov. 23, 2020. Robyn Beck | AFP | Getty Images SINGAPORE — With several Covid-19 vaccine candidates showing promising trial outcomes, investors and analysts have turned increasingly optimistic that the pandemic could soon come to an end. … Read more

Ant Group is still capable of securing the world’s biggest IPO, says Chinese investor

Liu Qiang, Vice President of Fosun Technology and Financial Group, Deputy Chairman of Hani Securities, speaks with Arjun Kharpal, Senior Correspondent of CNBC, during Day 1 of CNBC East Tech West at LN Garden Hotel Nansha Guangzhou on November 17, 2020 in Nansha, Guangzhou, China. Zhong Zhi | Getty Images Entertainment | Getty Images Ant … Read more

Australia and UK markets may get a boost in the vaccine-driven rally, Citi says

Pedestrians wearing protective masks walk past Pfizer Inc. headquarters on July 22, 2020 in New York City. Pfizer and German biotechnology firm BioNTech have agreed to supply the U.S. government with 100 million doses of coronavirus vaccine under a $1.95 billion deal. Jeenah Moon | | Getty Images (This story is for CNBC PRO subscribers … Read more

Racial inequality cost the economy $16 trillion over the last two decades, Citi finds

shapecharge | E+ | Getty Images Racial inequality is bad for the U.S. in innumerable ways, of course, many of which are hard to calculate directly. But now Citi has put a number to at least one aspect of social injustice, finding in a new study that $16 trillion has been erased from U.S. GDP … Read more

Bank trading floors could be poised for a makeover in the wake of Covid-19

A member of exchange staff uses a fixed-line telephone while looking at financial data on computer screens on the trading floor of Bats Europe, the European arm of Bats Global Markets Inc., in London, U.K.. Jason Alden/Bloomberg | Bloomberg | Getty Images Trading floors in banks have been immortalized in countless Hollywood movies. Chaotic scenes … Read more

Activist ValueAct played a key role in speeding up Citigroup CEO’s retirement, sources say

CEO Michael Corbat answers questions at Citi’s 2017 Investor Day. Source: Citigroup.com Three years ago, Michael Corbat strode onto the stage of a ballroom in midtown Manhattan and proclaimed that a new day had arrived at Citigroup. The bank had set up the July 2017 event, its first investor meeting since the 2008 financial crisis … Read more