For nearly two decades, Morgan Stanley portfolio manager Andrew Szczurowski has been honing his fixed-income investing strategy. These days, he’s still finding attractive investments in the market, but admits some digging needs to be done to separate the winners from the losers. As a portfolio manager on the Eaton Vance Strategic Income Fund , he…
Andreypopov | Istock | Getty Images The average tax refund is 10.2% higher so far this season, compared to about the same period in 2025, according to the latest IRS filing data. The year-over-year percentage change is down from the 14.2% increase reported last week. As of Feb. 20, the average refund amount for individual filers was…
An American Airlines Boeing 737-823 passneger aircraft sits at a gate at Chicago O’Hare International Airport (ORD) on August 23, 2024 in Chicago, Illinois. Daniel Slim | AFP | Getty Images The Federal Aviation Administration plans to reduce flights at Chicago O’Hare airport this summer, saying major airlines have overscheduled flights, the agency said on…
Amid another weak day in the market driven by concerns over AI, investors Steve Weiss and Kevin Simpson revealed how they’re moving their money in an appearance on CNBC’s ” Halftime Report .” Weiss said he sold “Magnificent Seven” member Nvidia . The founder and managing partner at Short Hills Capital Partners is worried about…
Senate Minority Leader Chuck Schumer, D-N.Y., and House Minority Leader Hakeem Jeffries, D-N.Y., hold a press conference on Capitol Hill in Washington, Jan. 8, 2026. Saul Loeb | AFP | Getty Images Congressional Democrats on Friday said they received a counteroffer from the White House to fund the Department of Homeland Security. The department has…
A sign marks the entrance to the U.S. Department of Education headquarters building on June 20, 2025, in Washington, DC. J. David Ake | Getty Images News | Getty Images A federal judge on Friday dismissed the Trump administration’s request to eliminate a student loan repayment plan that lowered monthly bills for millions of borrowers….
U.S. Treasury yields fell Friday as investors reacted to a stronger-than-expected January wholesale inflation report, and a tumbling stock market amid rising fears of artificial intelligence hurting the economy. The benchmark 10-year Treasury yield fell more than 5 basis points to 3.962%, while the 30-year Treasury bond yield dropped more than 3 basis points to 4.631%. The 2-year Treasury note yield…
The Warner Bros. Discovery board may have enriched its shareholders Thursday when it chose Paramount Skydance‘s acquisition offer over Netflix‘s, but it also terrified a lot of its employees. While some of those people own WBD shares and may prefer the financials of Paramount’s $31-per-share bid to Netflix’s $27.75-per-share offer, CNBC spoke to 10 WBD…
The Paramount logo is displayed above an entrance to Paramount Studios on Feb. 23, 2026 in Los Angeles, California. Justin Sullivan | Getty Images A day after Paramount Skydance emerged as the winner to take over fellow media giant Warner Bros. Discovery, questions are mounting about the companies’ regulatory path forward. The WBD board said…
The stakes for next week’s jobs report just got higher after Friday’s hot inflation print, amid rising fears that artificial intelligence will inflict greater damage to the labor market than investors thought. Stocks sold off Friday , with the Dow Jones Industrial Average last tumbling more than 600 points after the latest wholesale inflation print…
