Stocks rose sharply on Thursday after the Federal Reserve hinted at possible interest rate cuts as soon as next month.US Marketsread more
The billionaire investor believes the stock market is in a "zone of fair value" at current levels.Marketsread more
However, Slack chief Stewart Butterfield says, "The broader world of email will stick around."CNBC Disruptor 50read more
Apple said in a letter released Thursday that tariffs could hurt its ability to compete globally.Technologyread more
Mortgage rates have been falling steadily since the last week of April, and that may be reigniting home price appreciation. The lower the rate, the more purchasing power...Real Estateread more
The Federal Reserve may be on its way to delivering a half-point interest rate cut next month, according to Goldman Sachs economists.Economyread more
On Thursday, an Iranian surface-to-air missile shot down a U.S. military surveillance drone over the Strait of Hormuz in an "unprovoked attack," U.S. officials said.Politicsread more
Crude oil prices jump on news of the attack, which Iran says happened over its territory.World Politicsread more
Apple is considering moving some production from China as it is expected release of its new iPhone line this fall, The Wall Street Journal reported.Technologyread more
Workplace messaging firm Slack is about to go public in a red-hot IPO market, but it's approach to going public--using a "direct listing"--is slightly different than an IPO.Trader Talk with Bob Pisaniread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
Michael Batnick of Ritholtz Wealth Management believes investors should "do less" and focus on the long term to achieve success, especially during times of geopolitical crisis and high volatility like we've seen this week.
"The important thing is to just do less, make less decisions. Never change a portfolio because of what happened yesterday," Batnick said. "Everybody tries to beat the market. Some people: it takes them a lifetime to figure out that they can't do it. Some people never figure it out. Some people figure it out really quickly. I was on the quicker side."
Batnick is the director of research at Ritholtz, which oversees around $550 million in assets and was founded in 2013 by Barry Ritholtz and Josh Brown, a CNBC "Fast Money Halftime Report " trader. As a member of the firm's investment committee, he is responsible for its research efforts as well as developing and implementing risk management strategies.
Batnick also explained how to get the most out of the financial community on social media.
"I think financial Twitter is a lot of fun; it's incredibly distracting. For professionals it's great, it's great to network. I've met some really great friends and people there," said Batnick.
On the other hand, he warned about the downsides of Twitter.
"I think it's really easy to get stuck in your own world. It's like disconfirmation bias: what I tend to do is look at people that I think are crazy and I gravitate toward that. Instead of looking to people I side with I'm like 'that person is so wrong' and so I sort of get lost in my own little world."