Morgan Stanley's Mike Wilson sees a meaningful rotation back into U.S. stocks, and he sees one beaten-up group as a winner."It started out with a low-quality rally, which is what we expect – meaning a short squeeze," the firm's chief investment officer told CNBC's "Fast Money" on Monday. "Then, what...
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The probability of a recession is approaching 50%, Deutsche markets survey finds
U.S. dollar banknotes and a label with the word "Recession" are seen in this illustration taken March 19, 2025.Dado Ruvic | ReutersChances that the U.S. is heading for a recession are close to 50-50, according to a Deutsche Bank survey that raises more questions about the direction of the U.S....
Tariff fears are raising construction costs by up to 20%, says Related Group CEO
Related Group CEO Jon Paul Pérez.Courtesy of Future Proof and Triangle BLVDBuilding contractors are already hiking prices as much as 20% to offset potential tariffs, a move that could also raise prices of new condos and homes, according to the CEO of developer Related Group.President Donald Trump has imposed 25%...
Take a look inside French luxury retailer Printemps’ first U.S. store
A piece of Paris has landed in New York City.French luxury retailer Printemps officially opened its first U.S. store this week in the city's Financial District. The retailer celebrated its opening on Friday, which coincided with the start of spring — its namesake.The 55,000-square-foot store spans two floors and carries...
Michigan nuclear plant shows the challenges the U.S. will face in safely restarting old reactors
The Palisades nuclear power plant in Covert, Michigan, Feb. 24, 2025.Spencer Kimball | CNBCCOVERT, Mich. — A nuclear power plant on the shores of Lake Michigan is aiming to make history this fall by becoming the first reactor in the U.S. to restart operations after shutting down to be eventually...