Brian Evans,
Brian Evans is an investing trends reporter for CNBC Pro. He covers news related to stocks, indices, and financial markets with a focus on investing trends and strategies. His articles often provide insights into market performance, individual stock movements, and economic indicators. In addition to his reporting duties, Evans also contributes to CNBC's Watchlist feature which provides real-time updates on market events and company news. Prior to joining CNBC, Evans worked as a financial journalist for several other publications covering topics such as personal finance, small business, and taxation. He has a degree in Economics from the University of Pennsylvania.
Biography:
https://www.cnbc.com/brian-evans/
60%
The Daily's Verdict
This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.
Bias
90%
Examples:
- The bias in the articles is minimal and mostly related to specific companies or earnings reports rather than a general slant towards one viewpoint.
Conflicts of Interest
50%
Examples:
- However, there is no consistent pattern of conflicts of interest throughout the articles.
- There is a potential conflict of interest mentioned in one article related to an analyst's positive view on a stock.
Contradictions
85%
Examples:
- Contradictions are present in some articles, such as the mention of rising interest rates alongside strong tech earnings.
- There are discrepancies in the reported performance of specific stocks and indices within different articles.
Deceptions
30%
Examples:
- Some articles may be misleading in their titles or contain information that could be interpreted as deceptive, such as the title implying a specific stock's decline affected the Nasdaq when it only affected a few companies on the index.
Recent Articles
June Consumer Prices Decrease for First Time Since Pandemic: What it Means for Inflation and Interest Rates
Broke On: Thursday, 11 July 2024Federal Reserve officials received good news in June as consumer prices decreased for the first time since the pandemic, with a monthly drop of 0.1% and an annual rate of 3%. Falling gas prices and declining new and used car prices were the primary contributors to this decrease. The core CPI also slowed down more than expected, leading to expectations of potential interest rate cuts in September and December. Investors reacted positively, with the Russell 2000 Index gaining 3%, while housing-related shares such as Home Depot and D.R. Horton experienced a surge on hopes of lower rates reigniting the stalling housing market. Upcoming CPI Report and US Earnings: Market Impact and Expectations
Broke On: Thursday, 11 July 2024Investors prepare for Thursday's Consumer Price Index report, expected to show 3.1% yearly inflation and a 0.2% monthly increase. Anticipated numbers are a good sign for the Fed, but non-housing services may indicate bumps in price stabilization. US stocks closed higher on Wednesday ahead of earnings season starting with Delta Air Lines and PepsiCo, while China stocks remain mixed due to disappointing data and tariff talk. Oil prices edge higher on strong gasoline demand. 
Record-Breaking Stock Market: S&P 500, Nasdaq Composite, and Dow Jones Industrial Average Reach All-Time Highs Amidst Fed Chair Powell's Hint of Less Restrictive Stance
Broke On: Monday, 08 July 2024The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average hit record highs on Tuesday following Federal Reserve Chair Jerome Powell's hint at a less restrictive stance. Nvidia shares surged after KeyBanc increased its price target, while BP and Tempus AI saw significant movements. Powell emphasized the importance of balancing inflation control and growth, signaling potential adjustments to current tightening measures. 
Record-Breaking Start to Q3 2024: Tech Stocks Surge, S&P 500 and Nasdaq Reach New Highs - Upcoming Events: Powell Speech and JOLTS Report
Broke On: Monday, 01 July 2024Stocks rose in the second half of 2024, with tech stocks leading the way and major indices reaching new record highs. The Nasdaq Composite hit a new record close at around 17,908. Investors awaited speeches from Federal Reserve Chair Jerome Powell and the release of the JOLTS report for insights into interest rates, inflation, and the labor market. 
US Labor Market Slows Down: Fed Considering Rate Cuts Amid Lower-than-Expected Hiring
Broke On: Wednesday, 05 June 2024New data shows the US labor market is slowing down, with private payrolls increasing by 152,000 last month instead of the expected 175,000. This hiring slowdown has eased pressure on the Federal Reserve to maintain high interest rates and led to expectations of a first rate cut in November. Treasury yields have also edged lower as a result. 
Nvidia and AMD Lead Tech Innovation: New AI Chips Announced at Computex 2024
Broke On: Monday, 03 June 2024In May 2024, the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all posted gains for the sixth time in seven months. The Nasdaq Composite led with a 6.9% increase despite optimistic sentiment ahead of anticipated economic updates and tech innovations. Nvidia Corporation announced plans for an advanced AI chip platform called 'Rubin' at Computex, while AMD unveiled new artificial intelligence chips for next-generation laptops and desktops, fueling competition in the industry. 
Nasdaq Surges on Big Tech Earnings, Amazon and Meta Platforms Boost Market Rally
Broke On: Saturday, 03 February 2024The stock market closed near highs on Friday, led by the Nasdaq and boosted by strong earnings reports from Amazon and Meta Platforms. The Dow Jones also hit a new high. Microsoft, AMD and Alphabet: Earnings Report Analysis for Q1 2023
Broke On: Wednesday, 31 January 2024Microsoft, AMD and Alphabet reported earnings for the latest quarter. Microsoft's revenue increased by 18% with a profit of $21.9 billion, beating Wall Street expectations. The company has invested heavily in AI and expects to see sales between $60 billion and $61 billion this quarter with higher operating income due to investments in cloud computing and AI.