(Bloomberg) — Amid cheers for emerging markets making a comeback, analysts and investors experienced another setback as US Treasury yields surged. Although the Federal Reserve is anticipated to end its aggressive monetary tightening campaign, investors are exhibiting optimism once again. Euphoria is taking over developing-nation assets, as indicated by the significant rally in stocks and …
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: It’s December, which means that Wall Street strategy teams are giving their educated guesses about where the S&P 500 will end up at the end of 2024. Our Chart of the Week rounds …
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 …
Nvidia (NVDA) is set to release third quarter earnings after the bell on Tuesday as Wall Street eagerly awaits an update on the fundamentals that drive the artificial intelligence hype cycle. This report follows the stock’s record high close of $504.09 per share on Monday, with AI once again grabbing investors’ attention amid the ongoing …
Financial journalists find endless inspiration in Wall Street adages that make for great content. A popular one is “Don’t fight the Fed,” which has certainly come in handy this year. Another is “The stock market climbs a wall of worry,” a phrase that becomes particularly useful whenever investors start fretting. One adage I’ve yet to …
Bank of America’s Shares Take a Hit as Big Banks Are on the Edge, Feeling the Heat from Treasury-Market Rout Bank of America’s shares have dropped approximately 14% this year, providing further evidence of the financial crisis that is brewing. According to Moody’s, big banks are facing astounding unrealized losses that have reached $650 billion. …
Chicago Federal Reserve President Austan Goolsbee suggested a soft landing as the central bank confronts inflation without causing significant harm to the economy. According to Goolsbee, achieving a “golden path” where inflation decreases without triggering a recession is feasible. Last week, the Fed kept interest rates unchanged for the second consecutive time after 11 rate …
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: On Oct. 23, the yield on 10-year Treasury notes topped 5% for the first time since 2007. On Oct. 27, the S&P 500 entered a correction. Last Monday, one of Wall Street’s biggest …
Metro By Carl Campanile Published Nov. 5, 2023, 12:33 p.m. ET Foot traffic in New York City’s business districts is still down 33% from pre-COVID-19 levels, making it one of the slowest recovering cities in the country, according to a recent survey. A study by the University of Toronto analyzed foot traffic in major cities …
A view of the Canary Wharf financial district of London. Prisma by Dukas | Universal Images Group | Getty Images LONDON — Barclays shares retreated on Tuesday as investors assessed the prospect of cost-cutting charges, pressure on domestic interest margins, and weak performance in formerly strong divisions. The bank reported a net profit of £1.27 …