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Wild market swings may dominate the next six months, but Oppenheimer’s John Stoltzfus suggests the bulls will win

Market bull John Stoltzfus sees ways to make profits in the year's second half, but it won't come easy.The Oppenheimer Asset Management chief investment strategist warns the wild swings won't subside anytime soon due to how traders and nervous investors are reacting to headline risks."They're waiting for some catalyst to cross the tape that will justify taking near-term profits without FOMO, or fear of missing out," Stoltzfus told CNBC's "Trading Nation" on Wednesday. Stoltzfus notes there are several risk factors to…

The Moneyist: ‘I’m astounded that I have NOT received my payment’: When will I receive my stimulus check?

Dear Moneyist, I am one of the many Americans waiting on a stimulus check. I’m astounded that I have not received my payment, especially as I qualified, according to all IRS requirements. I just found out that my parents claimed me as a dependent. As soon as I found this out, I filed my 2019 tax return. However, I fear it’s too late for me to receive my $1,200 stimulus check. Is it too late? The tax return deadline for 2019 was extended to July 15, so I assume there are many people like me who don’t qualify…

Fintech start-up TransferWise is set to launch an investments feature

TransferWise co-founders Kristo Käärmann and Taavet Hinrikus.TransferWiseFinancial technology firm TransferWise has obtained a license from the U.K. markets watchdog to offer retail investment services to clients.The London-based firm started life as a means of sending money internationally online. In 2018, it made a deeper push into banking by offering a "borderless" multi-currency account tied to a debit card.Now, TransferWise plans to launch a service that lets users of the account invest passively in investment funds…

Coronavirus spikes and political risks won’t wreck the new bull market, Tony Dwyer predicts

Market bull Tony Dwyer sees more wild swings as the year's second half kicks off due to a spike in coronavirus cases and growing odds of a Joe Biden presidency. But it's not weighing on his optimism."The resurgence of the virus in the southern states and the lead by Joe Biden in the polls is probably pulling forward some of that volatility that may have happened later in the year," the Canaccord Genuity chief market strategist told CNBC's "Trading Nation" on Tuesday. "We want to use that to add a little…

Robin Hood foundation launches new initiative aimed at funding nonprofits run only by people of color

A foundation led by Army combat veteran and best-selling author Wes Moore is launching a new fund dedicated to financing nonprofit organizations that are solely run by people of color. The new Robin Hood initiative, titled the "Power Fund," is looking to back these groups in the wake of the coronavirus pandemic and nationwide protests after George Floyd was killed by police last month.Moore, the CEO of the foundation, told CNBC in an interview that Robin Hood is already dedicating $10 million in seed capital to the fund…

Stock futures rise slightly, headed for gains to finish out June

U.S. stock futures rose slightly in overnight trading and pointed to gains at the open on Tuesday, the final trading day of a volatile month for stocks. Dow futures rose 20 points, or 0.2%. The S&P 500 and Nasdaq-100 were also set to open higher, with gains of 0.3% and 0.4%, respectively.Shares of Wells Fargo ticked nearly 2% lower in after hours trading after the bank said it would likely slash its dividend in the third quarter to comply with the Federal Reserve stress test. Bank of America, Citi, JPMorgan and…

U.K. expands its coronavirus start-up rescue package to include firms based abroad

Britain's Chancellor of the Exchequer Rishi Sunak takes part in a national "clap for carers" to show thanks for the work of Britain's National Health Service (NHS) workers and frontline medical staff around the country as they battle with the coronavirus pandemic, on the steps of the Foreign and Commonwealth Office (FCO) on April 16, 2020 in London.Tolga Akmen | WPA Pool | Getty ImagesThe U.K. government has expanded its rescue package for start-ups impacted by the coronavirus pandemic to include businesses whose parent…

Market is entering one of the year’s toughest periods, CFRA’s Sam Stovall warns

The next three months may be anything but calm.CFRA's Sam Stovall warns the market is entering one of the toughest periods of the year. "The third quarter is by far the weakest of the four quarters of the year — gaining only 0.5% on average," the firm's chief investment strategist told CNBC's "Trading Nation" on Monday.Stovall builds his case based on data going back to 1945. During the other quarters, he finds, the S&P 500 sees average returns of 2% to almost 4%. His analysis comes two days before 2020's…

The Moneyist: ‘My daughter accidentally threw away our paper stimulus check. Can you help?’

Dear Moneyist, A shot in the dark here! My daughter accidentally threw away our paper stimulus check. I’ve tried to call the phone number for the Internal Revenue Service’s stimulus help line, but no one answers. Can you help me get in touch with someone? Kelly Also see:George Floyds and Christian Coopers are all around you — they are your neighbor, teacher, co-worker and friend Dear Kelly, Some people are indeed mistaking the white envelopes with stimulus checks and debit cards for…