According to Paul Gambles, managing partner at MBMG Group, the Fed is slow to cut rates. Traders are pricing in a 25-basis-point cut as early as March 2024. Veteran investor David Roche predicts that the Fed is finished raising rates and inflation will remain above 2%. To prevent a recession, portfolio manager Paul Gambles believes …
Check out the companies making headlines before the bell: Coinbase — Crypto-related assets surged after Bitcoin topped $40,000 for the first time this year. Coinbase jumped 7%, MicroStrategy gained 7% and Marathon Digital climbed 13%. Uber Technologies — The ride-hailing stock rose 4% after S & P Dow Jones Indices on Friday said it will …
An Hour Ago Mixed Open for Europe The pan-European Stoxx 600 hovered just below the flatline in early trade, with mining stocks shedding 1.5% to lead losses while retail stocks added 0.8%. 3 Hours Ago Global Debt’s Worrying Trend Veteran investor David Roche expressed concern about the escalating global debt, but suggested it may not …
Manufacturing Data Signals Economic SlowdownLatest data shows a continued economic slowdown in the US, with the Institute for Supply Management’s manufacturing PMI remaining unchanged at 46.7 in November. This marks the 13th consecutive month of PMI slumps, indicating a deceleration in manufacturing activity. According to analysts, this data signifies another indicator of an emerging economic …
Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images U.S. stock futures opened higher on Wednesday night as all three major stock indexes prepared to wrap a winning November. Futures tied to the Dow Jones …
2 Hours Ago Meituan Plunges to 44-Month Low Amid Warning of Slower Q4 Growth A delivery worker for Meituan in Shanghai, China, on Friday, May 27, 2022. Bloomberg | Getty Images Meituan’s shares plummeted over 11% to 91.65 Hong Kong dollars during afternoon trading. The Chinese delivery firm’s shares hit their lowest level since March …
Discover the latest stock chart icons on year-to-date stock performances Discover Barrick Gold’s insight on their year-to-date stock performance. “I think it goes up…Can’t expect to make too much money on insurance, but I still think you will.” Uncover Generac’s take on their year-to-date stock performance. “I think down here, it’s ok…Interest costs have gone …
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 …