Author: Daniel Wilson
Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.If you’re loyal to a hotel chain, such as Marriott, Hilton, Hyatt or IHG, it’s worth considering a co-branded hotel credit card. These cards can grant you instant elite status, credit to help you earn the next tier of status, opportunities to earn free nights and other perks.A general travel credit card offers more flexibility in redeeming rewards, but you’ll miss out on brand-specific perks. So a hotel credit card can perfectly complement your other rewards credit cards. Here are CNBC Select’s picks for the top hotel credit cards. (See…
Data released Wednesday showed activity in the services sector increased in February. The Institute for Supply Management’s services index registered at 53.5 in February, up from January’s 52.8 reading and above the 52.5 economists had expected. Readings above 50 indicate an expansion in activity, while those below 50 reflect a contraction. Meanwhile, the ISM’s prices paid index rose to 62.6 from 60.4 the month prior, as company costs continued to increase. The employment index also ticked higher, coming in at 53.9, compared with 52.3 in January. The data didn’t come without signs of caution, though. “February was the third month…
US stocks plummeted on Monday afternoon, with selling accelerating in the last hour of trading after President Trump indicated there was “no room left” for tariff negotiations with Canada and Mexico, indicating that new levies against both countries will go into effect tomorrow. The S&P 500 (^GSPC) fell 1.7%, posting its worst day of 2025, while the tech-heavy Nasdaq Composite (^IXIC) dropped 2.6%. The Dow Jones Industrial Average (^DJI) fell nearly 650 points, or almost 1.5%, as the major US indexes came off a volatile week and a losing February. Tech led the sell-off, with shares of Nvidia (NVDA) tanking…
Morgan Stanley analyst Adam Jonas said Monday sees shares of Tesla (TSLA) rising to $430 as it diversifies into artificial intelligence and robotics. Shares of the EV maker plummeted almost 28% in February as the company’s EV sales slumped, leaving investors to wonder whether CEO Elon Musk’s involvement in politics was turning off buyers. Tesla stock fell over 2.8% on Monday amid a broader tech sell-off; shares initially rose 2% as Jonas’s note circulated across Wall Street. Jonas predicts Tesla’s full-year 2025 deliveries could decline year over year, “creating an attractive entry point” for investors. The analyst reinstated Tesla as…
Oil rallied on Friday after President Donald Trump threatened more sanctions against Russia if a peace deal with Ukraine was not reached. But futures were still down more than 3% for the week amid the expectation of a supply boost next month coupled with uncertainty over Trump’s tariff policy. On Friday West Texas Intermediate crude futures (CL=F) settled off their session highs to close just above $67 per barrel while Brent futures (BZ=F) settled above $70 per barrel. Futures jumped to session highs earlier on Friday after President Trump wrote on Truth Social, “Based on the fact that Russia is…
Drastic headwinds in the server business are spurring Hewlett Packard Enterprise (HPE) to take drastic action. The company announced it would slash 3,000 jobs after a quarter in which excessive server discounting and mixed execution hammered profit margins. The cut equates to 5% of HPE’s workforce. HPE expects to save about $350 million from the layoffs. “Obviously, it’s a disappointing day,” HPE CEO Antonio Neri told me in an interview on Yahoo Finance (video above). HPE shares plunged about 20% in early trading Friday and closed down 12%. Shares of rival Dell (DELL) fell 2%. Watch: What Bill Gates thinks…
Chaotic Trump policy isn’t getting long-term investors down in the dumps yet. “No,” Dimensional Fund Advisors founder and chair David Booth said on Yahoo Finance’s Catalysts when asked if heightened market volatility this month is causing investors to panic (video above). “What we have are clients that are really long-term investors and frequently call up and say, look, let’s chat about you — you don’t need to talk to me. I know what you’re going to say. And you know, I’m in this for the long haul.” Booth — worth an estimated $2.4 billion — is out with a new…
Tesla (TSLA) bull Cathie Wood is sticking with the electric vehicle maker after a rough February. The Ark Investment founder says there is a lot of “pent-up demand” for Tesla vehicles. The big valuation unlock, in her view, is Tesla releasing robotaxis across the country. “So I now think they’re going to start seeding every state [with robotaxis] and their Full Self-Driving. According to our calculations, their robotaxi will be safer in the fourth quarter than human drivers are,” Wood told me at the Bitcoin Investor Week conference (video above). Wood has consistently said she sees Tesla’s stock hitting $2,600…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The initial market shock of Trump slapping new tariffs on Mexico and Canada led to the full erasure of the post-election Trump bump on Tuesday. Of course, it wasn’t without some drama that saw the S&P 500 (^GSPC) in the green at times before closing down 1.2%. The shifts of Tuesday’s stock charts staged their own dramatic reenactment, in miniature, of the uncertainty swirling around Trump’s decisions. But amid retaliatory tariffs and warnings from businesses about the squeeze…
Gas prices are expected to rise in certain states as early as Tuesday as Canadian crude product imports get hit with duties as part of President Donald Trump’s tariff plan. The Trump administration implemented 25% tariffs against imports from Canada and Mexico, carving out an exception for Canadian oil products, which are levied at 10%. The US imports roughly 4 million barrels of oil a day from Canada. The majority is sent via pipelines to the Midwest, Rocky Mountains, and Great Lakes region. New England receives refined products like gasoline, diesel, and jet fuel directly from Canada, meaning fuel prices…