Watch SpaceX launch the world’s most powerful rocket in a complex mission for the Air Force

SpaceX is launching its massive Falcon Heavy rocket for the second time this year on Monday night in an experimental mission for the U.S. Air Force. The rocket is delivering 24 spacecraft into three separate orbits, in what CEO Elon Musk called SpaceX’s “most difficult launch ever.” Lifting off from Kennedy Space Center in Florida, the mission will take about 3 1/2 hours to complete. Falcon Heavy is the most powerful rocket in the world, with 27 engines to power the colossus. In essence, Falcon


SpaceX is launching its massive Falcon Heavy rocket for the second time this year on Monday night in an experimental mission for the U.S. Air Force. The rocket is delivering 24 spacecraft into three separate orbits, in what CEO Elon Musk called SpaceX’s “most difficult launch ever.” Lifting off from Kennedy Space Center in Florida, the mission will take about 3 1/2 hours to complete. Falcon Heavy is the most powerful rocket in the world, with 27 engines to power the colossus. In essence, Falcon
Watch SpaceX launch the world’s most powerful rocket in a complex mission for the Air Force Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-25  Authors: michael sheetz
Keywords: news, cnbc, companies, air, timespacex, complex, watch, stream, spacexs, force, worlds, strengthened, rocket, spacex, heavy, mission, world, falcon, strapped, powerful, launch


Watch SpaceX launch the world's most powerful rocket in a complex mission for the Air Force

[The stream is slated to start at about 11 p.m. ET. Please refresh the page if you do not see a player above at that time.]

SpaceX is launching its massive Falcon Heavy rocket for the second time this year on Monday night in an experimental mission for the U.S. Air Force.

The rocket is delivering 24 spacecraft into three separate orbits, in what CEO Elon Musk called SpaceX’s “most difficult launch ever.” Lifting off from Kennedy Space Center in Florida, the mission will take about 3 1/2 hours to complete.

Falcon Heavy is the most powerful rocket in the world, with 27 engines to power the colossus. In essence, Falcon Heavy is three of SpaceX’s Falcon 9 rockets strapped together and strengthened.


Company: cnbc, Activity: cnbc, Date: 2019-06-25  Authors: michael sheetz
Keywords: news, cnbc, companies, air, timespacex, complex, watch, stream, spacexs, force, worlds, strengthened, rocket, spacex, heavy, mission, world, falcon, strapped, powerful, launch


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You can try Apple’s new iPhone and iPad software now. Here’s how to get it

Apple on Monday released the public previews for iOS 13 and iPadOS, the new software that it will launch for iPhones and iPads in the fall. This means you can install and try many of the new features, such as dark mode on the iPhone and new widgets on the iPad home screen, a few months early. I’ve been testing both for the past several weeks and they don’t seem too buggy, but you should always expect a few problems since this isn’t the final version of the software. Because of that, you may not


Apple on Monday released the public previews for iOS 13 and iPadOS, the new software that it will launch for iPhones and iPads in the fall. This means you can install and try many of the new features, such as dark mode on the iPhone and new widgets on the iPad home screen, a few months early. I’ve been testing both for the past several weeks and they don’t seem too buggy, but you should always expect a few problems since this isn’t the final version of the software. Because of that, you may not
You can try Apple’s new iPhone and iPad software now. Here’s how to get it Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-24  Authors: todd haselton
Keywords: news, cnbc, companies, try, 13, version, work, install, software, weeks, iphone, ipad, ios, widgets, apples, heres


You can try Apple's new iPhone and iPad software now. Here's how to get it

Apple on Monday released the public previews for iOS 13 and iPadOS, the new software that it will launch for iPhones and iPads in the fall.

This means you can install and try many of the new features, such as dark mode on the iPhone and new widgets on the iPad home screen, a few months early.

I’ve been testing both for the past several weeks and they don’t seem too buggy, but you should always expect a few problems since this isn’t the final version of the software. Because of that, you may not want to install the iOS 13 beta on your primary phone, since it takes some effort to go back to the old software and some things might not work as expected.

Before you start, be sure to back up your iPhone and iPad.


Company: cnbc, Activity: cnbc, Date: 2019-06-24  Authors: todd haselton
Keywords: news, cnbc, companies, try, 13, version, work, install, software, weeks, iphone, ipad, ios, widgets, apples, heres


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Makyajart Toptan Kozmetik


Makyajart Toptan Kozmetik Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-24
Keywords: news, cnbc, companies, makyajart, kozmetik, toptan



Company: cnbc, Activity: cnbc, Date: 2019-06-24
Keywords: news, cnbc, companies, makyajart, kozmetik, toptan


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I retired at 34 with $3 million—here are 5 downsides of early retirement that no one tells you

I don’t regret my decisionI won’t lie: Early retirement has been a dream come true. Early retirement isn’t for everyone. That said, here are the biggest negatives of early retirement that no one likes to talk about: 1) You may suffer from an identity crisis. It wasn’t until three years later, when my wife joined me in early retirement, that my boredom began to dissipate. Early retirement won’t solve all your problems


I don’t regret my decisionI won’t lie: Early retirement has been a dream come true. Early retirement isn’t for everyone. That said, here are the biggest negatives of early retirement that no one likes to talk about: 1) You may suffer from an identity crisis. It wasn’t until three years later, when my wife joined me in early retirement, that my boredom began to dissipate. Early retirement won’t solve all your problems
I retired at 34 with $3 million—here are 5 downsides of early retirement that no one tells you Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-24  Authors: sam dogen
Keywords: news, cnbc, companies, happiness, working, downsides, financial, early, 34, job, grew, young, retirement, millionhere, youre, investment, tells, retired


I retired at 34 with $3 million—here are 5 downsides of early retirement that no one tells you

Many people have negative views on young retirees: They’re spoiled. They’re lazy. Their parents helped them. They won the lottery. But none of these things apply to me. I grew up in a middle-income household. I worked hard to earn good grades and pay for college. I was the first one in the office and the last to leave. Sure, I got lucky by landing a high-paying investment banking job and in some of my investments, but I live a frugal life and have always been diligent about staying on top of my finances All of that played a huge role in my early retirement in 2012, at 34. By the time I quit my job, I had amassed a net worth of about $3 million that generated roughly $80,000 in investment income per year.

I don’t regret my decision

I won’t lie: Early retirement has been a dream come true. I gave up a healthy six-figure paycheck, but I gained something priceless in return: Freedom. People told me I was crazy to leave a high-paying job at such a young age, but I was absolutely burned out and felt disillusioned by my industry of work. I never anticipated how miserable I’d be working in finance, especially after the financial crisis. Early retirement isn’t for everyone. But from my experience, the pros outweigh the cons. I get to wake up whenever I want. I no longer have to endure unproductive meetings or put up with nefarious colleagues. I’ve traveled to more than 20 countries with my wife, wrote a book on how to negotiate a severance and get to coach high school tennis. I also became a dad in 2017. Being a parent has been the toughest full-time job I’ve ever had; it makes working in investment banking for 13 years feel like a walk in the park.

The downsides of early retirement

I will admit that there are a few downsides. (I finally understand why researchers say that, no matter how much of a boost we get in freedom or money, we eventually revert back to our normal baseline of happiness.) In a 2017 CompHealth survey, 68% of the 400 late-career physicians surveyed said they were not excited about retirement. Some of the top concerns included losing social interactions at work, a loss of purpose, boredom and depression. That said, here are the biggest negatives of early retirement that no one likes to talk about: 1) You may suffer from an identity crisis. One of the most common questions people ask when they first meet each other is: “What do you do for a living?” When you’ve spent at least a decade working in any job, you may find it incredibly jolting to no longer be identified as the marketing expert, the investment professional or the management consultant. It was only after I left my job that I realized how obsessed I was with my profession. I often wondered: How is the business doing without me? I was there for 11 years. Were they really able to survive without my expertise? But after months of no emails or phone calls begging for me to come back, I finally accepted the fact that I was no longer needed. 2) You may second-guess yourself. When you retire young, you may find yourself questioning whether you made the right choice and regret all the money and status you forewent. I still had a mortgage to pay and was worried that I made a grave mistake. But after some time, my retirement plans grew clearer. I started writing more on Financial Samurai, the personal finance website I started in 2009. It was a cathartic way of dealing any stress and uncertainty. Fortunately, after writing three times a week for the past 10 years, Financial Samurai has grown tremendously. I reinvested 100% of the profits it made and generated a decent amount of passive income.

3) People may treat you like a misfit. Maybe it’s because retiring early is unconventional. Or maybe they’re secretly jealous you’re not grinding away at a day job. Whatever the reason, people won’t always give you the same amount of respect as they would to a working-class citizen. Eventually, I grew tired of explaining why I retired early or that I wasn’t a trust fund kid. To keep the discussion simple and regain a social identity, I’d simply say I was a writer and tennis coach. 4) You’ll be surprised that you aren’t that much happier. Many people think that once they achieve financial freedom or leave a job they hate, they’ll be permanently happier. But, as I mentioned earlier, research has found that any significant amount of elevated happiness is only short-term. One a scale of one to 10, my happiness level skyrocketed to a 10 after I was able to negotiate a pretty solid severance. It was enough to pay for five years worth of living expenses. But not too long after that check hit my bank account, I reverted back to my normal post-retirement baseline of happiness. 5) You may get really, really bored. Retiring early is like finishing the season finale of your favorite TV show. You’re glad it got a nice ending, but you’re also sad it’s over and left wondering what’s next. With an extra 10 to 14 hours of free time every day, my productivity suffered and I grew less motivated to achieve great wins. It didn’t help that none of my friends or former colleagues were able to hang out. There were no more company holiday parties or various client events. Believe it or not, I actually enjoyed those things! Now, I try to attend various meet-up events in order to make new friends, but my social life mostly consists of the folks I meet through playing tennis and softball. It wasn’t until three years later, when my wife joined me in early retirement, that my boredom began to dissipate. We did a lot of traveling, but more importantly, we became parents, which renewed my sense of purpose.

Early retirement won’t solve all your problems


Company: cnbc, Activity: cnbc, Date: 2019-06-24  Authors: sam dogen
Keywords: news, cnbc, companies, happiness, working, downsides, financial, early, 34, job, grew, young, retirement, millionhere, youre, investment, tells, retired


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How much you’ll need in retirement savings by age 30, 40, 50 and beyond

Everyone knows they need to do it, but it can be hard to put away all that money when you could be spending it now. To that end, Fidelity has put together a list of benchmarks you need to hit by certain ages if you want live comfortably in retirement. The investment giant says you should aim to save the equivalent of your annual salary by the time you are 30, two times your salary by 35 and three times your annual salary by age 40. The eventual goal for a secure retirement should be 10 times you


Everyone knows they need to do it, but it can be hard to put away all that money when you could be spending it now. To that end, Fidelity has put together a list of benchmarks you need to hit by certain ages if you want live comfortably in retirement. The investment giant says you should aim to save the equivalent of your annual salary by the time you are 30, two times your salary by 35 and three times your annual salary by age 40. The eventual goal for a secure retirement should be 10 times you
How much you’ll need in retirement savings by age 30, 40, 50 and beyond Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-21  Authors: jeff morganteen robert exley jr, jeff morganteen, robert exley jr
Keywords: news, cnbc, companies, 30, upto, need, salary, annual, tips, 40, youdisclosure, video, ventures, 50, times, saving, youll, age, savings, retirement


How much you'll need in retirement savings by age 30, 40, 50 and beyond

Saving for retirement.

Everyone knows they need to do it, but it can be hard to put away all that money when you could be spending it now.

You are in a race against time and the later you start, the harder it will be to catch up.

To that end, Fidelity has put together a list of benchmarks you need to hit by certain ages if you want live comfortably in retirement.

The investment giant says you should aim to save the equivalent of your annual salary by the time you are 30, two times your salary by 35 and three times your annual salary by age 40. The eventual goal for a secure retirement should be 10 times your annual salary in savings.

Check out the video to learn more about how much you should be saving and tips on how to get there.

More from Invest in You:

Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.


Company: cnbc, Activity: cnbc, Date: 2019-06-21  Authors: jeff morganteen robert exley jr, jeff morganteen, robert exley jr
Keywords: news, cnbc, companies, 30, upto, need, salary, annual, tips, 40, youdisclosure, video, ventures, 50, times, saving, youll, age, savings, retirement


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Gold spikes above $1,400 per ounce to prices not seen in nearly 6 years

Gold prices soared for a second day in a row on Friday, touching levels not seen in almost 6 years. As of 12:16 p.m. HK/SIN, spot gold jumped 1.3% to about $1,405.83 per ounce — soaring past the $1,400 level for the first time since September 2013. The U.S. dollar index, which tracks the greenback against a basket of currencies, also tumbled to 96.543 after touching levels above 97.6 earlier in the week. “Gold prices have recovered from their lows and we think this rise could be sustainable,” st


Gold prices soared for a second day in a row on Friday, touching levels not seen in almost 6 years. As of 12:16 p.m. HK/SIN, spot gold jumped 1.3% to about $1,405.83 per ounce — soaring past the $1,400 level for the first time since September 2013. The U.S. dollar index, which tracks the greenback against a basket of currencies, also tumbled to 96.543 after touching levels above 97.6 earlier in the week. “Gold prices have recovered from their lows and we think this rise could be sustainable,” st
Gold spikes above $1,400 per ounce to prices not seen in nearly 6 years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-21  Authors: eustance huang
Keywords: news, cnbc, companies, gold, 1400, spikes, note, nearly, seen, stimulus, central, spot, ounce, prices, bank, levels, level, touching


Gold spikes above $1,400 per ounce to prices not seen in nearly 6 years

Melted gold flows out of a smelter into a mould of a one kilogram bar at a plant of gold refiner and bar manufacturer Argor-Heraeus SA in the southern Swiss town of Mendrisio.

Gold prices soared for a second day in a row on Friday, touching levels not seen in almost 6 years.

As of 12:16 p.m. HK/SIN, spot gold jumped 1.3% to about $1,405.83 per ounce — soaring past the $1,400 level for the first time since September 2013. Gold futures also rose 0.92% to $1,409.70 per ounce.

Gold prices surged a day earlier, after the U.S. Federal Reserve opened the door for a possible rate cut in the future, sending the yield on the benchmark 10-year Treasury note below 2% — a key psychological level — for the first time since November 2016.

The U.S. dollar index, which tracks the greenback against a basket of currencies, also tumbled to 96.543 after touching levels above 97.6 earlier in the week.

“Gold prices have recovered from their lows and we think this rise could be sustainable,” strategists at Singapore’s DBS Group Research wrote in a note. “Rising political tensions, lower bond yields and (a U.S. dollar) on the verge of reversing should make the rest of 2019 very interesting for the metal.”

Also on Thursday, European Central Bank President Mario Draghi said “additional stimulus will required” if the economic situation worsens in the coming months. Bank of Japan Governor Haruhiko Kuroda also indicated on Thursday the central bank would “consider expanding stimulus without hesitation ” — should the economy lose momentum toward achieving the ever elusive 2% inflation target.

Tensions in the Middle East also continue to linger following Iran shooting down a U.S. drone on Thursday.

With central banks loosening monetary policy, and US growth potentially peaking amid elevated geopolitical risks, Analysts at Citi said in a Thursday note that they were updating their longstanding bullish targets for gold.

“We published a 6-12m point-price of $1,400/oz in January and we now roll that forward to a $1,450 0-3m target, contingent on a dovish July FOMC (e.g. 50 bps and further signaling),” they said.

— Correction: This article was updated to reflect that spot gold prices crossed the $1,400 mark for the first time since September 2013.


Company: cnbc, Activity: cnbc, Date: 2019-06-21  Authors: eustance huang
Keywords: news, cnbc, companies, gold, 1400, spikes, note, nearly, seen, stimulus, central, spot, ounce, prices, bank, levels, level, touching


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This video perfectly captures why ‘smart’ homes have never caught on

GE published a video in January that everyone’s just now talking about, and it perfectly captures why smart homes have never really caught on. In it, GE shows how to reset its smart light bulbs. The video starts with a warning that you might have one of two different smart bulb models or your smart bulb might be running on older firmware — itself a hilarious idea — and that you may need to try a second process that’s explained in the latter part of the clip. It requires turning the bulb on and o


GE published a video in January that everyone’s just now talking about, and it perfectly captures why smart homes have never really caught on. In it, GE shows how to reset its smart light bulbs. The video starts with a warning that you might have one of two different smart bulb models or your smart bulb might be running on older firmware — itself a hilarious idea — and that you may need to try a second process that’s explained in the latter part of the clip. It requires turning the bulb on and o
This video perfectly captures why ‘smart’ homes have never caught on Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-21  Authors: todd haselton
Keywords: news, cnbc, companies, caught, need, captures, video, homes, seconds, different, smart, perfectly, ge, bulb, bulbs, turning, turn


This video perfectly captures why 'smart' homes have never caught on

GE published a video in January that everyone’s just now talking about, and it perfectly captures why smart homes have never really caught on.

In it, GE shows how to reset its smart light bulbs. The video starts with a warning that you might have one of two different smart bulb models or your smart bulb might be running on older firmware — itself a hilarious idea — and that you may need to try a second process that’s explained in the latter part of the clip.

GE begins to explain how to reset the bulbs. It requires turning the bulb on and off several times for a specific number of seconds. The narrator’s voice is both soothing and forceful as he repeats “Turn off for two seconds. Turn on for eight seconds.” It sounds like a meditation guide.

If this doesn’t work, GE says, you have a different model of bulb or older firmware, and you need to try a second process of turning the bulb on and off for a different amount of time.

GE did not immediately respond to CNBC’s request for comment.

The video perfectly illustrates why some people are turned off by smart homes: because you need to keep everything updated, including things like light bulbs that can otherwise be operated with the simple flick of a switch.

And when things go wrong, they really go wrong.

Check out the video below.


Company: cnbc, Activity: cnbc, Date: 2019-06-21  Authors: todd haselton
Keywords: news, cnbc, companies, caught, need, captures, video, homes, seconds, different, smart, perfectly, ge, bulb, bulbs, turning, turn


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Donald Trump sexually assaulted E. Jean Carroll in the mid-1990s, writer says in new book

The writer E. Jean Carroll says in a new book that President Donald Trump sexually assaulted her in a dressing room of the Bergdorf Goodman department store in New York City in the mid-1990s. The article is entitled: “Hideous Men: Donald Trump assaulted me in a Bergdorf Goodman dressing room 23 years ago. The article details several other alleged sexual assaults and unwanted advances that Carroll says she has suffered since she was a child. Moonves stepped down from the media giant in September


The writer E. Jean Carroll says in a new book that President Donald Trump sexually assaulted her in a dressing room of the Bergdorf Goodman department store in New York City in the mid-1990s. The article is entitled: “Hideous Men: Donald Trump assaulted me in a Bergdorf Goodman dressing room 23 years ago. The article details several other alleged sexual assaults and unwanted advances that Carroll says she has suffered since she was a child. Moonves stepped down from the media giant in September
Donald Trump sexually assaulted E. Jean Carroll in the mid-1990s, writer says in new book Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-21  Authors: dan mangan
Keywords: news, cnbc, companies, room, writer, mid1990s, jean, book, dressing, trump, article, sexually, men, york, sexual, donald, misconduct, carroll, alleged, assaulted


Donald Trump sexually assaulted E. Jean Carroll in the mid-1990s, writer says in new book

The writer E. Jean Carroll says in a new book that President Donald Trump sexually assaulted her in a dressing room of the Bergdorf Goodman department store in New York City in the mid-1990s.

A description of the alleged attack was excerpted by New York magazine in an article published Friday.

The White House did not return CNBC’s request for comment, but strongly denied Carroll’s claims to New York. A senior White House official told the magazine, “This is a completely false and unrealistic story surfacing 25 years after allegedly taking place and was created simply to make the President look bad.”

Trump issued a statement later Friday saying he had “never met this person” and claiming the account was an attempt “to get publicity” and “sell a book.”

The alleged attack occurred “in the fall of 1995 or the spring of 1996,” according to Carroll. At the time, Trump was married to his second wife, Marla Maples.

“I try to push him off with my one free hand — for some reason, I keep holding my purse with the other — and I finally get a knee up high enough to push him out and off and I turn, open the door, and run out of the dressing room,” Carroll writes.

The article is entitled: “Hideous Men: Donald Trump assaulted me in a Bergdorf Goodman dressing room 23 years ago. But he’s not alone on the list of awful men in my life.”

The article details several other alleged sexual assaults and unwanted advances that Carroll says she has suffered since she was a child.

It includes an account of former CBS CEO Les Moonves, after an interview with Carroll, aggressively groping her in an elevator before she is able to get away from him. Moonves stepped down from the media giant in September after several women accused him of sexual misconduct, which he denied.

Moonves “emphatically denies” Carroll’s claims, according to New York magazine.

The publication noted that Caroll, 75, is at least the 16th woman to accuse Trump of sexual misconduct. Her forthcoming book is entitled “What Do We Need Men For? A Modest Proposal.”

Trump has denied engaging in sexual misconduct with anyone.


Company: cnbc, Activity: cnbc, Date: 2019-06-21  Authors: dan mangan
Keywords: news, cnbc, companies, room, writer, mid1990s, jean, book, dressing, trump, article, sexually, men, york, sexual, donald, misconduct, carroll, alleged, assaulted


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Bank of England keeps an ‘open mind’ on Facebook’s cryptocurrency Libra

Governor of the Bank of England Mark Carney at the annual Mansion House dinner on June 20, 2019, in London, England. Bank of England Governor Mark Carney unveiled new initiatives on Thursday to help modernize and steer the central bank toward a new digital economy. At his annual Mansion House speech, Carney announced measures including how to address inefficiencies in small business funding, allowing for more widespread use of cloud technology, and incorporating big data into regulatory technolo


Governor of the Bank of England Mark Carney at the annual Mansion House dinner on June 20, 2019, in London, England. Bank of England Governor Mark Carney unveiled new initiatives on Thursday to help modernize and steer the central bank toward a new digital economy. At his annual Mansion House speech, Carney announced measures including how to address inefficiencies in small business funding, allowing for more widespread use of cloud technology, and incorporating big data into regulatory technolo
Bank of England keeps an ‘open mind’ on Facebook’s cryptocurrency Libra Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-21  Authors: joumanna bercetche
Keywords: news, cnbc, companies, carney, libra, keeps, governor, cryptocurrency, facebooks, mind, mansion, house, open, online, bank, speech, payments, mark, england


Bank of England keeps an 'open mind' on Facebook's cryptocurrency Libra

Governor of the Bank of England Mark Carney at the annual Mansion House dinner on June 20, 2019, in London, England.

Bank of England Governor Mark Carney unveiled new initiatives on Thursday to help modernize and steer the central bank toward a new digital economy.

At his annual Mansion House speech, Carney announced measures including how to address inefficiencies in small business funding, allowing for more widespread use of cloud technology, and incorporating big data into regulatory technology.

One key area of focus is that of that of payments systems. The BOE noted that the proportion of online sales has been going up while the use of cash has been “declining from two-thirds to one quarter” over the past decade — both necessitating new demands on finance and transactions.

In his speech, the Governor said the “UK is still a long way behind countries such as Sweden, where users can make direct, free and real time bank-to-bank payments in-store and online with a text or a scan of a QR code. “


Company: cnbc, Activity: cnbc, Date: 2019-06-21  Authors: joumanna bercetche
Keywords: news, cnbc, companies, carney, libra, keeps, governor, cryptocurrency, facebooks, mind, mansion, house, open, online, bank, speech, payments, mark, england


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It was a monumental week for markets with major milestones in stocks, bonds, gold and oil

The energy and tech sectors pushed the S&P 500 to its record this week, rising 5.2% and 3.3%, respectively. Gold, meanwhile, surged around 4% and broke above $1,400 per ounce for the first time since 2013. Oil prices, however, left stocks and gold in the dust. The Fed also removed the word “patient” when describing its approach to monetary policy, nodding at the recently weaker economic data. Oil, meanwhile, surged as tensions between Iran and the U.S. flared up this week.


The energy and tech sectors pushed the S&P 500 to its record this week, rising 5.2% and 3.3%, respectively. Gold, meanwhile, surged around 4% and broke above $1,400 per ounce for the first time since 2013. Oil prices, however, left stocks and gold in the dust. The Fed also removed the word “patient” when describing its approach to monetary policy, nodding at the recently weaker economic data. Oil, meanwhile, surged as tensions between Iran and the U.S. flared up this week.
It was a monumental week for markets with major milestones in stocks, bonds, gold and oil Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-21  Authors: fred imbert
Keywords: news, cnbc, companies, tensions, gold, bonds, monumental, oil, weekly, sp, markets, monetary, major, policy, milestones, rates, surged, week, stocks


It was a monumental week for markets with major milestones in stocks, bonds, gold and oil

This week was chalk full of milestones on Wall Street as a Federal Reserve meeting and tensions in the Middle East conspired to send shockwaves across financial markets.

The S&P 500 climbed 2.3% this week and reached a new all-time high of 2,964.15 on Friday. The energy and tech sectors pushed the S&P 500 to its record this week, rising 5.2% and 3.3%, respectively.

Gold, meanwhile, surged around 4% and broke above $1,400 per ounce for the first time since 2013. Gold also had its best weekly gain since 2016.

Oil prices, however, left stocks and gold in the dust. West Texas Intermediate futures skyrocketed more than 9% this week, notching its biggest weekly gain since December 2016, when it surged more than 12%.

Treasurys also went through the roof this week, depressing yields. The benchmark 10-year yield hit a low of 1.973% this week, breaking below the key psychological 2% mark for the first time since November 2016.

The dollar, meanwhile, fell 1.3% against a basket of currencies, its biggest weekly drop since 2018. The U.S. currency also traded near its lowest level since March.

The Fed hinted at its monetary policy meeting it could cut rates as soon as July, stating it prepared to “act as appropriate” to sustain the current economic expansion. The Fed also removed the word “patient” when describing its approach to monetary policy, nodding at the recently weaker economic data.

This boosted stocks as lower rates makes it cheaper for companies to borrow money and grow their business or buy back their stock. The Fed’s announcement also boosted gold as lower rates depresses the dollar, making it cheaper for investors outside the U.S. to buy the precious metal.

Oil, meanwhile, surged as tensions between Iran and the U.S. flared up this week. A U.S. drone was shot down in Iranian airspace earlier in the week, stoking worries of potential supply disruptions in the Middle East.

—CNBC’s John Schoen, Gina Francolla and Chris Hayes contributed to this report.

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-06-21  Authors: fred imbert
Keywords: news, cnbc, companies, tensions, gold, bonds, monumental, oil, weekly, sp, markets, monetary, major, policy, milestones, rates, surged, week, stocks


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