Published 59 minutes ago Market Rally Anticipated to Broaden in 2024, States Equity Strategist The equity strategist at Citi, Scott Chronert, predicts that the stock market rally will widen in 2024 as more sectors present strong earnings trends, shifting away from the current mega-cap growth leadership. “We’re expecting a broader market pattern due to an …
An Hour Ago Elliott Management to push for changes at Crown Castle, report says The Wall Street Journal reported that Elliott Management has accumulated a more than $2 billion stake in Crown Castle and plans to push for changes within the wireless-tower operator. Specifically, Elliott wants to approach the company on ways to boost the …
U.S. Stocks Gain Over Past Month Stocks in the U.S. have closed higher for the fourth consecutive week. The Dow Jones Industrial Average gained 117.12 points or 0.33%. The S&P 500 added 0.06%, while the Nasdaq Composite decreased by 0.11%. Moving Stocks Throughout the Day The companies making headlines in midday trading include Nvidia, whose …
The Gorgon liquefied natural gas (LNG) and carbon capture and storage (CCS) facility, operated by Chevron Corp., on Barrow Island, Australia, on Monday, July 24, 2023. Bloomberg | Bloomberg | Getty Images The head of the International Energy Agency has urged the oil and gas industry to invest more in clean energy and abandon the …
Four hours ago, the downward trend of oil prices continued when the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, postponed their policy-setting meeting by four days. The oil cartel’s meetings scheduled for November 25-26 are now rescheduled for November 30. Brent crude traded 1.2% lower at $80.99 a barrel on …
On Tuesday, CNBC’s Jim Cramer responded to Bank of America’s optimistic forecast for 2024, concurring that it’s plausible for the S&P 500 to reach 5000 by the end of next year. Bank of America’s strategist, Savita Subramanian, stated on the same day that she foresees 2024 as a “stock picker’s paradise.” She expressed bullishness not …
4 Hours Ago Sunac shares surge as Chinese property developer says it’s met restructuring conditions Sunac’s shares soared on Tuesday as the struggling Chinese real estate company reports the successful fulfillment of its debt restructuring prerequisites. The company has commenced its debt overhaul in exchange for the issuance of new notes, leading to an 18% …
To prevent further deterioration, analysts advised that China’s property market, which constitutes a significant portion of the nation’s economy, needs additional government support. Larry Hu, the chief economist at Macquarie, mentioned in a note that existing home prices had experienced the most substantial decline since 2014 in October, and that outstanding property loans also dropped …
Get ready, as it’s time for the lightning round on “Mad Money” with Jim Cramer! Jim is answering callers’ stock questions at rapid speed and here are his thoughts on some year-to-date stock performances: – SL Green Realty: If you’re interested in this group, take a look at BXP. It’s the safest option. However, I …
401k, IRA: How to Choose a Retirement Plan That’s Best for You Are you looking for a retirement savings plan? There are several options available, including traditional IRA, Roth IRA, 401k. It may be difficult for you to decide which plan is the best fit for you. This article will guide you in picking the …