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2024-06-11 19:18:27

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#note1yps…kxa9

2024-06-11 19:18:16

Oil edges up as OPEC sees relatively strong growth in 2024 oil demand
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Oil prices edged slightly higher as OPEC maintained its forecast for relatively strong growth in global oil demand in 2024. Brent crude futures rose 0.6% to $82.11 a barrel, while U.S. West Texas Intermediate (WTI) crude futures gained 0.6% to $78.15. OPEC and allies agreed to extend deep oil output cuts into 2025. The World Bank lifted its 2024 global growth outlook slightly, but warned that overall output would remain below pre-pandemic levels through 2026. The release of U.S. consumer prices data for May and the conclusion of the Federal Reserve's policy meeting are scheduled for Wednesday. Traders are cautious ahead of the release of macroeconomic data from China on Wednesday, as China's inflation data could impact oil prices. Saudi crude exports to China fell for a third straight month. U.S. crude oil stockpiles were expected to have fallen by 1.8 million barrels in the week to June 7.
#Oil #Opec #GlobalDemand #BrentCrude #WestTexasIntermediate #OutputCuts #WorldBank #FederalReserve #UsConsumerPrices #China #SaudiCrudeExports #UsCrudeOilStockpiles
https://finance.yahoo.com/news/oil-prices-extend-rally-potential-005920418.html

2024-06-11 06:47:27

Global Peace Index reveals highest number of countries engaged in conflict since Second World War
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The 18th edition of the Global Peace Index (GPI) reveals that 97 countries deteriorated in peacefulness, the highest number since the inception of the index in 2008. Conflicts in [unknown location] were the primary drivers of the global fall in peacefulness, with battle deaths reaching 162,000 in 2023. The GPI also found that 92 countries are currently involved in conflicts beyond their borders, the highest number since the index began. The global economic impact of violence increased to $19.1 trillion in 2023, representing 13.5% of global GDP. Militarisation recorded its largest yearly deterioration, with 108 countries becoming more militarised. There are currently 56 conflicts, the most since World War II, and they have become more international with 92 countries involved in conflicts outside their borders. Last year recorded 162,000 conflict-related deaths, the second-highest toll in the past 30 years. The global economic impact of violence in 2023 was $19.1 trillion, or $2,380 per person. Iceland remains the most peaceful country, followed by Ireland. [Unknown location] is the least peaceful country. The Middle East and North Africa (MENA) is the least peaceful region, home to four of the ten least peaceful countries. The UAE recorded the largest improvement in peacefulness in the region. The number of conflicts resulting in a decisive victory has fallen from 49% in the 1970s to less than 9% in the 2010s. The impact of asymmetric warfare technology has made it easier for non-state groups and smaller states to compete in conflicts. The number of states using drones rose from 16 to 40 between 2018 and 2023, while the number of non-state groups using drones rose from 6 to 91. The conflict between [unknown location] and [unknown location] has caused a deterioration in peacefulness, with Israeli media stories showing negative sentiment towards Palestinians increasing to 92% in early 2023. The conflict has also affected the entire [unknown location] region, with economic consequences and a high risk of open warfare. Militarisation has increased in 91 countries since the start of the [unknown location] war. The US has substantially higher military capability than [unknown location], followed by [unknown location]. Sub-Saharan Africa is now the second least peaceful region, facing increasing political unrest and terrorism. [Unknown location] remains the second most peaceful region, while [unknown location] recorded the worst deterioration in the region. [Unknown location] experienced a minor decline in peacefulness, while [unknown location] recorded the world's most significant peace improvement. The full Global Peace Index 2024 report can be accessed at visionofhumanity.org and economicsandpeace.org.
https://finance.yahoo.com/news/global-peace-index-reveals-highest-040000332.html

2024-06-10 03:12:29

Euro Falls After Elections, Japanese Shares Rise: Markets Wrap
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The euro fell to its weakest in nearly a month after French President Emmanuel Macron and German Chancellor Olaf Scholz suffered defeats in the European Parliament elections. Japanese shares opened higher thanks to robust economic data. Japan’s Topix rose 0.5% after data on Monday showed the country’s economy contracted less than initially estimated in the first quarter. The yield on 10-year Treasuries advanced after surging Friday, when a solid US jobs report spurred a rethink on Federal Reserve interest-rate cuts and eased concern about an economic slowdown. Upcoming data highlights this week include UK wage numbers, China inflation, and US consumer and producer price figures. Economists at Citigroup Inc. and JPMorgan Chase & Co. changed their calls for a Fed cut in July after the jobs report. Citi’s Andrew Hollenhorst now sees cuts in September, November, and December. JPMorgan’s Michael Feroli predicts a Fed reduction in November. Investors may glean more on the Fed’s resolve to ease monetary policy when US policymakers update their forecasts for interest rates Wednesday. Some key events this week include the FOMC decision, quarterly summary of economic projections, and Fed Chair Jerome Powell’s press conference on Wednesday, and the Japan rate decision on Friday.
#Euro #JapaneseShares #EuropeanParliamentElections #EconomicData #FederalReserve #InterestRates
https://finance.yahoo.com/news/euro-falls-elections-us-stock-222715246.html

2024-06-08 13:59:29

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#note1eg9…yas2

2024-06-08 13:59:18

Why Gen Z may be skewing the employment data
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The US added 272,000 jobs in May, higher than the estimated 180,000. The unemployment rate rose to 4.0%, but average hourly earnings increased more than expected. Deutsche Bank Securities Senior US Economist Brett Ryan believes the Federal Reserve won't cut rates until December based on these data. Ryan points out that the household survey shows a decline in employment for 20 to 24-year-olds, which may be skewing the data. The household survey is also affected by volatility and the impact of immigration. The establishment survey, which provides the nonfarm payrolls number, is more likely to capture the impact of immigration. The employment growth rate for prime age workers is positive, supporting continued consumer spending. The Fed's decision to cut rates will depend on the inflation story.
#EmploymentData #FederalReserve #GenZ #UnemploymentRate #AverageHourlyEarnings #HouseholdSurvey #EstablishmentSurvey #BrettRyan
https://finance.yahoo.com/video/why-gen-z-may-skewing-110002442.html

2024-06-08 13:58:33

MEDIA ADVISORY - HOUSING ANNOUNCEMENT IN LAVAL
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Members of the media are invited to join Annie Koutrakis, Parliamentary Secretary to the Minister of Tourism and Minister responsible for the Economic Development Agency of the Regions of Quebec and Member of Parliament for Laval-des-Rapides, on behalf of the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities, Céline Haytayan, Temporary Chair and MNA for Laval-des-Rapides, on behalf of Élaine Duranceau, Minister responsible for Housing, and Sandra El-Helou, City councillor and councillor responsible for the status of women at Ville de Laval, for a housing announcement in Laval, QC. Journalists, photographers, and cameramen are required to register at [email protected]. The event will take place on June 8, 2024, at 12:30 pm ET.
https://finance.yahoo.com/news/r-e-p-e-t-110000888.html

2024-06-07 19:24:34

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#note1cuu…n6aw

2024-06-07 19:24:22

Stock market today: Stocks waver after jobs report smashes expectations
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US stocks wobbled on Friday after a jobs report showed stronger hiring growth than expected. The S&P 500 rose 0.1% and the Dow Jones Industrial Average gained 0.2%, while the tech-heavy Nasdaq Composite remained in the red. The highly anticipated May jobs report revealed that the US economy added 272,000 jobs, surpassing expectations. However, the unemployment rate ticked higher to 4.0%. GameStop shares closed 47% higher on Thursday but dropped sharply after the company announced a stock sale. Keith Gill, also known as 'Roaring Kitty,' held a livestream on YouTube, his first appearance since helping ignite the meme stock rally. The stock market turned green in afternoon trading, recovering from earlier losses. The jobs report is seen as a 'Rorschach blot' with mixed interpretations, with optimists seeing solid payroll growth and pessimists focusing on the uptick in unemployment. Stocks trending in morning trading included GameStop, DocuSign, Lyft, and Vail Resorts. The May jobs report put a dent in the narrative of an imminent interest rate cut by the Federal Reserve. Robinhood's stock price has risen 27% in the last 30 days, and the company recently acquired crypto exchange Bitstamp. The market still anticipates rate cuts for 2024, as central banks globally move towards easing monetary policy.
#StockMarket #JobsReport #InterestRates #Gamestop #RoaringKitty #Livestream #UnemploymentRate #RorschachBlot #Robinhood #RateCuts
https://finance.yahoo.com/news/live/stock-market-today-stocks-waver-after-jobs-report-smashes-expectations-133119777.html

2024-06-07 17:20:06

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#note1dhj…3klj

2024-06-07 17:19:55

May jobs reports signals Fed's soft landing: US Labor Secretary
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The US added 272,000 jobs in May, with the unemployment rate at or below 4% for 30 months, indicating a solid economic recovery. Acting Labor Secretary Julie Su believes these figures signal a 'soft landing' for the Federal Reserve. The job growth has been broad-based across sectors, including healthcare, government, professional services, construction, and leisure and hospitality. Su also highlights the record-high women's participation in the workforce, which demonstrates an equitable recovery. She emphasizes the need for affordable and reliable childcare to further boost women's labor force participation. Su does not see any impact on the labor force from President Biden's new executive order on the border. Overall, Su believes the numbers indicate a strong and steady economic recovery.
#UsJobsReport #FederalReserve #LaborMarket #EconomicRecovery
https://finance.yahoo.com/video/may-jobs-reports-signals-feds-143205970.html

2024-06-07 09:05:35

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#note1fjp…nrxk

2024-06-07 09:05:23

Reasons to Invest in Ryanair Holdings plc (RYAAY)
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Artisan Value Income Fund added Ryanair Holdings plc (NASDAQ:RYAAY) to its portfolio in Q1 2024. Ryanair is an Ireland-based low-cost airline focused on the European market. The airline's low-cost, high on-time, high-efficiency model has helped it to take share from inefficient legacy and state-sponsored carriers over the past 20 years. Ryanair keeps a net cash balance sheet to opportunistically purchase aircraft countercyclically when it can do so at cheaper prices. The company's economics are favorable, with pricing power due to industry consolidation, capacity growth below demand growth, and a lack of overlap on key routes, leading to strong returns on equity and margins. Ryanair recently initiated its first dividend policy, with an estimated dividend yield of 2%-3%. The stock sells at an attractive low-double-digit P/E. The fund believes that continued execution of the business should lead to solid returns.
#RyanairHoldingsPlc #Ryaay #ArtisanValueIncomeFund #LowcostAirline #EuropeanMarket #Dividend #Stock
https://finance.yahoo.com/news/reasons-invest-ryanair-holdings-plc-061446155.html

2024-06-06 17:16:23

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#note16s8…mqxx

2024-06-06 17:16:11

What Makes Alliant Energy Corporation (LNT) a Good Investment Bet?
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Alliant Energy Corporation (NASDAQ:LNT) is a utility holding company that provides regulated electricity and natural gas services. In Q1 2024, the Artisan Value Income Fund added Alliant Energy and Evergy to its portfolio. The interest rate environment and higher inflation have made utilities out of favor, but the fund sees opportunity in the sector. Alliant Energy Corporation's one-month return was -1.03%, and its shares lost 4.30% of their value over the last 52 weeks. The stock closed at $51.11 per share on June 5, 2024, with a market capitalization of $13.12 billion. The fund's Investor Class APFWX, Advisor Class APDWX, and Institutional Class APHWX returned 4.87%, 4.87%, and 4.98% respectively in Q1 2024, compared to a 10.56% return for the S&P 500 Index. Alliant Energy Corporation is not on the list of 31 Most Popular Stocks Among Hedge Funds. The company reported first-quarter 2024 earnings of $0.62 per share. The fund believes that AI stocks hold greater promise for delivering higher returns within a shorter timeframe.
https://finance.yahoo.com/news/makes-alliant-energy-corporation-lnt-143146800.html

2024-06-06 15:13:20

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#note1sg7…dcz3

2024-06-06 15:13:09

Will Corebridge Financial (CRBG) Benefit from the Current Interest Rate Environment?
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Corebridge Financial, Inc. (NYSE:CRBG) is expected to benefit from the current interest rate environment, according to Artisan Value Income Fund. The investment management company highlighted Corebridge Financial as one of its top contributors in its first quarter 2024 investor letter. Corebridge Financial offers retirement solutions and insurance products and has been performing well since becoming a standalone entity. The company is expected to benefit from the "higher for longer" interest rate environment, which has driven an increase in spread income. Corebridge Financial yields 3.2% on its dividend and has a double-digit free cash flow yield. The company also paid two special dividends in 2023 totaling $1.78. Despite its potential, Corebridge Financial is not among the most popular stocks among hedge funds.
#CorebridgeFinancial #Crbg #InterestRateEnvironment #ArtisanValueIncomeFund #RetirementSolutions #InsuranceProducts #SpreadIncome #Dividend #FreeCashFlow #HedgeFunds
https://finance.yahoo.com/news/corebridge-financial-crbg-benefit-current-122230174.html

2024-06-06 13:10:18

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#note1ly7…cgym

2024-06-06 13:10:07

US economy ‘ready to crack’: Former Home Depot CEO blasts ‘series of debacles and missteps’ by the Biden admin
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Former Home Depot CEO Bob Nardelli warns that the US economy is on the verge of cracking due to a series of debacles and missteps by the Biden administration. Nardelli criticizes the administration's energy policy, particularly its push for electric vehicles (EVs), and expresses concern about the strain the EV transition could place on the nation's power grid. He also highlights the impact of inflation on Americans, pointing out rising housing costs and the absorption of wage increases by inflation. Nardelli believes the next president will face significant challenges in correcting the missteps and overspending of the current administration.
#UsEconomy #BidenAdministration #HomeDepot #ElectricVehicles #Inflation
https://finance.yahoo.com/news/us-economy-ready-crack-former-101200638.html

2024-06-05 15:43:21

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#note1p8h…j42f

2024-06-05 15:43:10

Fed to cut rates twice this year, starting Sept; but one or none still a risk: Reuters poll
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A majority of forecasters in a Reuters poll predict that the U.S. Federal Reserve will cut its key interest rate in September and once more this year. However, there is a significant risk that they may opt for only one or no rate cuts at all. Economists have consistently predicted two cuts, unlike the markets which were previously pricing in one cut in November. Fed officials have indicated that they are not in a hurry to cut the policy rate, and some economists believe that the Fed's latest projection will show two or fewer rate cuts for this year. Around 60% of participants in the poll predict two quarter-point cuts this year, while a minority of economists see only one rate cut or none at all. Inflation measures are expected to remain below 2% until at least 2026, and the unemployment rate is predicted to remain around 3.9% until 2027. The U.S. economy is forecasted to grow at a rate of 2.4% this year, faster than the non-inflationary growth rate of 1.8%.
#FederalReserve #InterestRates #Economy #Inflation #Unemployment #EconomicForecast
https://finance.yahoo.com/news/fed-cut-rates-twice-starting-124411242.html

2024-06-05 14:19:09

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#note195f…897k

2024-06-05 14:18:58

U.S. Business Travel Industry Responsible for 2% of U.S. GDP and 3.5% of Employment in Latest Full-Year Figures
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The U.S. business travel industry contributed 2% to the U.S. GDP and 3.5% to employment in 2022. The industry spent $421.1 billion USD on business travel, resulting in $119 billion in tax receipts. It supported 6 million jobs, with 38% in food services, 19% in accommodations, and 11% in transportation and warehousing. For every dollar spent on business travel, $1.15 was returned to the U.S. economy as net-new GDP. The average age of U.S. business travelers is 44.3 years. The top 15 states for business travel destination spending accounted for 65% of total U.S. business travel expenditures, with New York and New Jersey leading. The U.S. is expected to be a top market for business travel spending in 2024, with global business travel spending anticipated to surpass $1.5 trillion in the same year.
#BusinessTravel #UsEconomy #Gdp #Employment #TaxRevenue
https://finance.yahoo.com/news/u-business-travel-industry-responsible-113000618.html

2024-06-05 03:10:41

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#note1zd6…26y3

2024-06-05 03:10:30

Asian Bonds Track US Rally; Stocks See Muted Open: Markets Wrap
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Asian bonds track US rally as signs of a cooling US labor market buoy Federal Reserve rate-cut bets. Australian and Japanese notes rose after US data showed job openings hit the lowest since 2021. Equities fell at the open in Tokyo, but edged higher in Sydney and Seoul. India markets will be in focus after capping their worst day in more than four years as Prime Minister Narendra Modi’s party lost its parliamentary majority. Oil extended losses after an industry report pointed to an increase in US crude stockpiles. Copper slid below $10,000. Bitcoin topped $70,000. The S&P 500 futures rose 0.1% as of 9:03 a.m. Tokyo time. The Japanese yen fell 0.2% to 155.20 per dollar. The yield on 10-year Treasuries was little changed at 4.33%. West Texas Intermediate crude fell 0.3% to $73.02 a barrel.
#AsianBonds #UsRally #FederalReserve #RatecutBets #Equities #Tokyo #Sydney #Seoul #IndiaMarkets #PrimeMinisterNarendraModi #UsCrudeStockpiles #Copper #Bitcoin #S&p500Futures #JapaneseYen #10yearTreasuries #WestTexasIntermediateCrude
https://finance.yahoo.com/news/asian-bonds-track-us-rally-223158365.html

2024-06-04 21:38:22

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#note1kq5…rs6e

2024-06-04 21:38:11

Stock market today: Stocks turn positive despite worries of cracks in US economy
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US stocks turned positive on Tuesday, with the S&P 500 rising 0.2% and the Nasdaq Composite increasing 0.2%. The Dow Jones Industrial Average rose 0.5%. Stocks have struggled as investors face a dilemma over the path of interest rates. Recent data has prompted Wall Street strategists to scale back their optimism for economic growth, which supports a case for rate cuts. However, Federal Reserve officials have warned against hoping for a pivot anytime soon as they wait for inflation to cool. Job openings fell in April to their lowest level since February 2021, indicating signs of rebalancing in the labor market. The GameStop rally lost steam on Tuesday, with shares down about 2%. Ford's US sales jumped 11.2% in May, driven by hybrids, trucks, and EVs. Oil futures extended their decline on concerns over the health of the US economy and oversupply. Bitcoin climbed back above $70,000 per token. Fast food stocks have been struggling due to sticky inflation and new price wars. Nvidia's CFO highlighted strong sovereign AI demand in Europe, the Middle East, and Southeast Asia. Stifel's Barry Bannister predicts a 10% correction in the S&P 500 in the second or third quarter. GameStop shares remained volatile, with a 21% gain followed by a decline.
#StockMarket #UsEconomy #InterestRates #Inflation #LaborMarket #Gamestop #Ford #Oil #Bitcoin #FastFoodStocks #Nvidia #S&p500
https://finance.yahoo.com/news/live/stock-market-today-stocks-turn-positive-despite-worries-of-cracks-in-us-economy-160638984.html

2024-06-04 16:09:03

Stock market today: Stocks slip as US economy starts to show cracks
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US stocks opened lower on Tuesday as investors weighed signs the surprising resilience in the US economy might be starting to show cracks. The S&P 500 fell 0.3% while the tech-heavy Nasdaq Composite dropped 0.2% after both indexes closed higher in the prior session during a bumpy session for the three major gauges. The Dow Jones Industrial Average dropped about 0.4%. Stocks have struggled to find a footing as investors face a dilemma over the path of interest rates. Recent data has prompted Wall Street strategists to scale back their optimism for economic growth, which supports a case for rate cuts. But Federal Reserve officials have warned against hoping for a pivot anytime soon as they wait for inflation to cool sufficiently — and when that time comes isn't clear. Eyes will be on April job openings figures due later Tuesday for more clues to how the economy is holding up, with factory and durable goods orders also on the docket. The GameStop rally lost steam on Tuesday, on the heels of a 21% surge for the meme darling. Shares of the video game retailer were down about 4%. India's stock benchmark plummeted, wiping out almost $35 billion in value, after touching all-time highs on Monday. The vote count in the country's national elections put the majority held by Prime Minister Narenda Modi's ruling party in doubt, despite exit polls showing a likely landslide win.
#UsStocks #S&p500 #NasdaqComposite #DowJonesIndustrialAverage #InterestRates #EconomicGrowth #RateCuts #Inflation #AprilJobOpenings #Gamestop #India'sStockBenchmark #NationalElections
https://finance.yahoo.com/news/live/stock-market-today-stocks-slip-as-us-economy-starts-to-show-cracks-133125000.html

2024-06-04 15:27:07

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#note1hey…3gfm

2024-06-04 15:26:56

Stock market today: Wall Street turns lower on Tuesday as markets await data on labor market
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U.S. markets drifted lower before the bell Tuesday as investors await a trove of labor market data this week. Futures for the S&P 500 and the Dow Jones Industrial Average each fell about 0.3% before the bell. Bath & Body Works tumbled more than 7% before the bell, even as the retailer beat Wall Street's first-quarter sales and profit targets and raised guidance. Designer Brands, the owner of Designer Shoe Warehouse store chain, slipped more than 9% after its first-quarter profit came in below analyst forecasts. Later Tuesday, the U.S. government will show how many job openings employers were advertising at the end of April. The government's weekly layoffs report comes Thursday, while the jobs report on Friday will give show overall growth for jobs and workers’ wages, something the Federal Reserve will consider when it holds its monetary policy meeting later this month. In midday European trading, Germany's DAX fell 0.7%, the CAC 40 in Paris lost 0.4% and Britain's FTSE 100 declined 0.3%. In Asia, Japan's Nikkei 225 index lost 0.2% to 38,837.46 and the Kospi in Seoul gave up 0.8% to 2,662.10. Chinese shares recouped early losses amid reports that the property market might be stabilizing, with Hong Kong's Hang Seng up 0.2% at 18,444.11. The Shanghai Composite index rose 0.4% to 3,091.20.
#StockMarket #WallStreet #LaborMarket #S&p500 #DowJonesIndustrialAverage #Bath&BodyWorks #DesignerBrands #FederalReserve #Germany'sDax #Cac40 #Ftse100 #Japan'sNikkei225 #Kospi #HongKong'sHangSeng #ShanghaiComposite
https://finance.yahoo.com/news/stock-market-today-asian-shares-061328843.html

2024-06-03 22:05:59

Stock market today: Wall Street slumps after latest signal of an economic slowdown, as oil tumbles
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U.S. stocks are slumping following the latest signal showing the U.S. economy is slowing. The S&P 500 was down 0.2% in afternoon trading. The Dow Jones Industrial Average was down 236 points, or 0.6%. The Nasdaq composite rose 0.1%. Treasury yields were also sliding in the bond market after a report showed U.S. manufacturing shrank in May for the 18th time in 19 months. Stocks of oil-and-gas producers were leading the market lower after the price of crude tumbled. Halliburton tumbled 5.3%, and Exxon Mobil sank 2.4%. Nvidia climbed another 3.4% to bring its gain for this year to 129%. GameStop soared 33.8% after a Reddit account associated with a central character in the 2021 episode said it had built a stake of 5 million shares. Stericycle jumped 14.8% after Waste Management said it would buy the medical-waste company for $5.8 billion in cash. Hertz Global sank 4.5% after it said its chief operating officer is leaving and named a new chief financial officer. In the bond market, the yield on the 10-year Treasury fell to 4.40% from 4.50%. The two-year yield fell to 4.82% from 4.88%. India’s Sensex soared 3.4% after the country’s 6-week-long election came to an end with most exit polls projecting that Prime Minister Narendra Modi will remain in power with a third consecutive term. Stocks in Mexico slumped 5.7% after Claudia Sheinbaum won in that country's presidential election. Stock indexes were higher across much of Europe and Asia, though Shanghai and London were exceptions.
#StockMarket #WallStreet #EconomicSlowdown #OilPrices
https://finance.yahoo.com/news/stock-market-today-asian-shares-033603812.html

2024-06-02 16:55:31

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#note1zug…ukh5

2024-06-02 16:55:20

Key Engines of US Consumer Spending Are Losing Steam All at Once
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Real disposable incomes have risen only modestly over the past year. The saving rate now stands at a 16-month low as households have mostly exhausted the extra pile of cash they squirreled away during the pandemic. In turn, many Americans are increasingly relying on credit cards and other sources of financing to support their spending. These factors help explain why real spending — which excludes the impact from inflation — fell in April, with consumers shelling out less on cars, restaurants and recreational activities. With the job market also cooling, companies like Best Buy Co. have noticed a change in recent months as shoppers switch to cheaper brands. Slower labor market momentum will continue to limit income growth and push more families to exercise spending restraint amid reduced savings buffers and higher debt burdens. The dip in April consumer spending reported Friday and the recent downward revision to the government’s estimate for gross domestic product in the first quarter provide fairly convincing evidence the US economy is coming off the surprisingly strong pace it set in 2023. Recent company earnings indicated that consumers have increasingly been prioritizing staples over large discretionary items. And higher-income consumers are trading down or hunting for deals, which helped boost sales at Walmart Inc. and discount retailer Dollar General Inc.
#UsEconomy #ConsumerSpending #Inflation #SavingRate #CreditCards #IncomeGrowth
https://finance.yahoo.com/news/key-engines-us-consumer-spending-140000015.html

2024-05-31 03:34:29

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#note1qk9…tvjy

2024-05-31 03:34:17

Japanese data to confirm FX intervention as yen weakness persists
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Japan will release data on Friday revealing how much it spent intervening in the foreign exchange market to prop up the yen in May. Tokyo is suspected to have spent around a combined 9 trillion yen ($57.11 billion) on April 29 and May 2 to prevent the yen from falling to a 34-year low of 160 to the dollar. The monthly data only shows the total amount Japan spent on currency intervention during the period, with a more detailed breakdown to be released in early August. Market attention is now focused on whether and when Japan might intervene in the market again.
#FxIntervention #YenWeakness #ForeignExchangeMarket #CurrencyIntervention #BankOfJapan #UsEconomy #FederalReserve #InterestRates
https://finance.yahoo.com/news/japanese-data-confirm-fx-intervention-004210727.html

2024-05-30 14:27:18

Rate-cut jitters pressure Wall Street; key numbers on tap
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Wall Street futures softened as uncertainty around how long the Federal Reserve could keep interest rates elevated weighed on investor sentiment. Megacaps such as Alphabet, Microsoft, and Nvidia slipped in trading before the bell. Rising bond yields reflect expectations for higher interest rates, which means costlier financing and smaller profit margins for companies. Investors await the second estimate for first-quarter gross domestic product and jobless claims data. The benchmark S&P 500 index is on track for its biggest weekly drop in six, while the blue-chip Dow closed at a four-week low on Wednesday. Markets now expect the Fed's first 25-basis-point rate cut only in November or December. Dow e-minis were down 329 points, S&P 500 e-minis were down 20.5 points, and Nasdaq 100 e-minis were down 56 points. Dow component Salesforce forecast second-quarter profit and revenue below Street estimates. HP gained 4.9% after beating Wall Street estimates for second-quarter revenue. Tesla's shares gained 0.9% after Reuters reported the company was preparing to register its 'Full Self-Driving' software in China. American Eagle Outfitters dropped 7.4% after posting downbeat quarterly revenue. Dollar General added 6.3% after posting upbeat first-quarter sales, but Kohl's slumped 22% after cutting its annual sales and profit forecasts. Moderna added 2.7% after a report said the U.S. government is nearing an agreement to fund a late-stage trial of the drugmaker's pandemic bird flu vaccine. After the U.S. switched to faster trade settlements for securities, market participants reported some processing bumps.
#WallStreet #FederalReserve #InterestRates #InvestorSentiment #BondYields #GrossDomesticProduct #JoblessClaims #S&p500 #Dow #RateCut #Earnings #Tesla #AmericanEagleOutfitters #DollarGeneral #Kohl's #Moderna
https://finance.yahoo.com/news/futures-slip-rate-cut-uncertainty-102436617.html

2024-05-29 13:39:31

Here’s Why Artisan Small Cap Fund Trimmed Floor & Decor Holdings (FND)
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Artisan Small Cap Fund trimmed its position in Floor & Decor Holdings (FND) due to valuation concerns. The fund highlighted that FND sells hard-surface flooring in the US and has performed well, but it decided to trim its position based on valuation discipline. FND is a multi-channel specialty retailer of hard surface flooring and related accessories. The one-month return of FND was 3.95%, and its shares gained 24.42% of their value over the last 52 weeks. As of May 28, 2024, FND stock closed at $113.61 per share with a market capitalization of $12.158 billion. In the first quarter of 2024, Artisan Small Cap Fund's Investor Class fund returned 9.43%, Advisor Class fund returned 9.42%, and Institutional Class fund returned 9.48%, compared to a return of 7.58% for the Russell 2000 Growth Index.
#ArtisanSmallCapFund #Floor&DecorHoldings #Fnd #Valuation
https://finance.yahoo.com/news/why-artisan-small-cap-fund-104340185.html

2024-05-29 12:58:42

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#note13tz…hxzs

2024-05-29 12:58:31

US consumers show the Fed its backward problem with high rates: Morning Brief
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US consumers felt more confident in May, according to data from the Conference Board. The main driver of this reading is the high rates that are helping the wealthiest Americans, making it difficult for the Federal Reserve to enact rate cuts. Wealthy households can earn upwards of 4.5% in a high-yield savings account and see their equity portfolios go up 20% in a year. The spending from wealthy consumers is also keeping overall inflation above the Fed's 2% target. A recent poll showed that 56% of respondents believe the US economy is currently in recession, despite economic data showing the opposite. The poll also showed that 49% of respondents think the S&P 500 is down this year, when it is actually up over 11%. The rise in consumer confidence in May was likely fueled by easing gas prices and rising equity prices, but the underlying details of the survey reveal that consumer confidence may be easily shaken moving forward. The perceived likelihood of a recession rose in May, worry over current and future financial situations worsened, and purchasing plans for homes remained at their lowest level since August 2012, reflecting the impact of higher interest rates.
#UsConsumers #FederalReserve #InterestRates #WealthyAmericans #EconomicGrowth #Inflation #ConsumerConfidence #Recession #S&p500
https://finance.yahoo.com/news/us-consumers-show-the-fed-its-backward-problem-with-high-rates-morning-brief-100047960.html

2024-05-29 10:14:39

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#note1977…tteg

2024-05-29 10:14:28

Here’s Why Artisan Small Cap Fund Ended Investment Campaigns in Monolithic Power Systems (MPWR)
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Artisan Small Cap Fund ended its investment campaigns in Monolithic Power Systems (MPWR) during the first quarter of 2024. Monolithic Power Systems designs analog power-management chips for industrial and consumer devices. The company's market cap exceeded $30 billion, outgrowing Artisan Small Cap Fund's small-cap mandate. Monolithic Power Systems stock closed at $759.58 per share on May 28, 2024, with a market capitalization of $36.97 billion.
#ArtisanSmallCapFund #MonolithicPowerSystems #Investment
https://finance.yahoo.com/news/why-artisan-small-cap-fund-072135719.html

2024-05-28 18:25:38

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#note1fwh…3fxc

2024-05-28 18:25:26

Consumer confidence rebounds for first time in 3 months
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Consumer confidence unexpectedly rose in May, ending three straight months of declines as Americans cheered a resilient labor market. The Conference Board's Consumer Confidence Index was 102, above the expected 97.5 and higher than the 96 economists surveyed by Bloomberg had expected. Views of current labor market conditions improved in May, as fewer respondents said jobs were 'hard to get.' Just 13.5% of consumers said jobs were 'hard to get,' down from 15.5% in April. The wealthiest Americans are the most upbeat about the state of the economy, with consumers making more than $100,000 a year expressing 'the largest rise in confidence' among all income cohorts. On a six-month rolling basis, confidence has been the highest among consumers under 35 years old who make more than $100,000 a year. Elevated prices remain a key sticking point for consumers, with consumers citing prices, particularly for food and groceries, as having 'the greatest impact' on their view of the US economy. The Conference Board's reading of 12-month inflation expectations ticked up to 5.4% from 5.3% the month prior. The Conference Board also provided insight into who within the population is feeling better about the economy, with the wealthiest Americans expressing 'the largest rise in confidence' among all income cohorts.
#ConsumerConfidence #LaborMarket #Economy #WealthyAmericans #InflationExpectations
https://finance.yahoo.com/news/consumer-confidence-rebounds-for-first-time-in-3-months-152634694.html

2024-05-28 16:21:21

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#note1lpf…nt8h

2024-05-28 16:21:10

Stock market today: Wall Street drifts in quiet trading after returning from 3-day weekend
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Wall Street is listless on Tuesday, coming back from a three-day weekend, and is drifting near its record heights. The S&P 500 was 0.2% higher in early trading, just below its record set a week ago. The Dow Jones Industrial Average was down 115 points, or 0.3%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.5% higher after setting its latest all-time high. U.S. Cellular climbed 11.9% after T-Mobile said it will buy nearly all of the company. The deal is valued at $4.4 billion and includes up to $2 billion in assumed debt. GameStop soared 14.8% after it said it raised $933.4 million in cash through a previously announced sale of stock. Nvidia jumped another 4.6% to bring its gain for the year so far to a whopping 124.8%. The yield on the 10-year Treasury edged down to 4.45% from 4.47% late Friday. This upcoming week has several reports that could sway the Fed’s thinking, including one later Tuesday on confidence among consumers. In stock markets abroad, indexes fell modestly across much of Europe and Asia. London’s FTSE 100 slipped 0.4%, and Tokyo’s Nikkei 225 edged down by 0.1%.
#StockMarket #WallStreet #S&p500 #DowJonesIndustrialAverage #NasdaqComposite #UsCellular #Tmobile #Gamestop #Nvidia #10yearTreasury
https://finance.yahoo.com/news/stock-market-today-asian-shares-043002423.html

2024-05-28 11:21:02

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#note19cj…gh9e

2024-05-28 11:20:50

Complex Macro Economic Environment Dragged Tesla, Inc. (TSLA) in Q1
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Tesla, Inc. (TSLA) faced challenges in Q1 due to a complex macroeconomic environment, factory shutdowns, competitive risks in China, and vehicle price reductions. The company's shares fell 29.3% in Q1. Production was negatively impacted by supply chain interferences, sabotage in a Tesla factory's power supply, and a factory closure for the launch of the refreshed Model 3. Despite these challenges, Tesla delivered its highly anticipated Cybertruck pickup and launched version 12 of its Full Self Driving product. The company expects energy storage sales to continue growing and believes its core automotive segment will recover, as EVs still account for only around 10% of global vehicle sales. Tesla's trailing 12 months revenue is $94.75 billion, and it had a negative free cash flow of $2.5 billion in Q1. 74 hedge fund portfolios held Tesla at the end of Q1.
#Tesla #Tsla #Q12024 #ElectricVehicles #MacroeconomicEnvironment
https://finance.yahoo.com/news/complex-macro-economic-environment-dragged-082504871.html

2024-05-27 15:56:43

Data reveals rising economic 'distress' across America despite post-pandemic growth
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Data from the Economic Innovation Group's (EIG) Distressed Communities Index shows that as of 2023, roughly 52 million Americans live in a 'distressed' zip code, up from 50 million in 2018. Factors used to calculate distress scores include the number of residents with a high school diploma, the poverty rate, the number of adults not working, the housing vacancy rate, the median income ratio, changes in employment, and changes in the number of business establishments. Urban areas across the country have become increasingly 'distressed' while the surrounding suburbs are considered more 'prosperous.' Large urban counties have experienced major population losses, while exurban and suburban counties have seen significant growth. The pandemic has exacerbated these trends as people are able to live further out from cities and still work remotely. Wealth disparities have also been highlighted, with those who can afford to move out of cities leaving behind lower-income residents. Housing affordability issues have been exacerbated by the increase in housing demand. Oklahoma City and Fort Worth are examples of cities facing mixed economic pictures, with distressed areas in their urban cores. Efforts are being made in these cities to address inequality and provide more equal opportunities for residents.
#EconomicDistress #PostpandemicGrowth #EconomicInnovationGroup #DistressedCommunities #UrbanAreas #Suburbs #PopulationChanges #WealthDisparities #HousingAffordability #Inequality
https://finance.yahoo.com/news/data-reveals-rising-economic-distress-across-america-despite-post-pandemic-growth-131451158.html

2024-05-27 01:20:09

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#note1y2w…xvkv

2024-05-27 01:19:58

China's premier to hold rare summit with U.S.-allied South Korea, Japan
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Chinese Premier Li Qiang will hold a rare summit with South Korean President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida in Seoul. The three leaders will adopt a joint statement on six areas including the economy and trade, science and technology, people-to-people exchanges, and health and the aging population. The summit comes after separate bilateral talks between Li and Yoon, and Li and Kishida, where agreements were made on diplomatic and security dialogue, resuming free trade talks, and holding a new round of bilateral high-level economic dialogue. The leaders will also discuss resuming free trade agreement negotiations. The summit aims to revive and reinvigorate strained relations between China, South Korea, and Japan amid rising distrust and tensions over Taiwan.
#China #SouthKorea #Japan #Summit #Trade #Diplomacy
https://finance.yahoo.com/news/chinas-premier-hold-rare-summit-223342449.html

2024-05-26 20:28:06

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#note1ggz…ahcn

2024-05-26 20:27:54

Is First Solar, Inc. (NASDAQ:FSLR) the Best Alternative Energy Stock to Buy Now?
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First Solar, Inc. (NASDAQ:FSLR) is engaged in the production and development of photovoltaic solar energy modules in the US, Asia, and Europe. It has invested $2.8 billion in three factories in Ohio and plans to invest an additional $1.2 billion to expand its manufacturing capacity to 10 GW by 2025 in the United States. The company expects its manufacturing capacity to reach 20 gigawatts by 2025 globally. First Solar, Inc. (NASDAQ:FSLR) recently released its earnings for the fiscal first quarter of 2024, posting earnings per share (EPS) of $2.20 and revenue of $749.11 million, a year-over-year increase of 44.8%. The company has a strong backlog and a commitment to innovation, with a backlog of 78.3 gigawatts of orders booked to 2030. The CEO of First Solar, Inc. (NASDAQ:FSLR) believes that the new tariffs announced by the Biden Administration against China can help the local solar manufacturers benefit from stable policies. As of May 23, First Solar, Inc. (NASDAQ:FSLR) is trading at a trailing twelve-month PE of nearly 25x, cheaper than the industry average of 45.33x. The stock has gained over 75% in the past six months and has received multiple ratings and price target upgrades from analysts.
#AlternativeEnergy #Stocks #SolarEnergy #RenewableEnergy #BidenAdministration #Tariffs
https://finance.yahoo.com/news/first-solar-inc-nasdaq-fslr-173123900.html

2024-05-23 11:21:48

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#note19wk…dg8y

2024-05-23 11:21:37

Is China the Top Country Wealthy People Choose to Live In?
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China is the largest economy in the world with a GDP (PPP) of $35.29 trillion. It has the second largest population of 1.41 billion people and ranks among the wealthiest countries by per capita net worth. However, China has been suffering from an economic crisis due to the slump in its property market, leading to debt defaults by real estate giants. Despite the economic challenges, China still has the most billionaires in the world and remains a hub for wealthy people. However, it is not the top country where wealthy people choose to live. China has the most number of billionaires at 814 in 2024, but it is not the top country where wealthy people choose to live. The top country for wealthy people to live in is not mentioned in the article.
#China #WealthyPeople #Economy #PropertyMarket #DebtDefaults #Billionaires
https://finance.yahoo.com/news/china-top-country-wealthy-people-083703639.html

2024-05-23 10:40:15

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#note1505…nmkg

2024-05-23 10:40:04

Ahold Delhaize bets on AI and digital to boost earnings and savings
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Supermarket group Ahold Delhaize plans to boost digitalization and the use of artificial intelligence (AI) to grow underlying earnings per share and increase savings over the 2025-2028 period. The group aims for high-single-digit compound annual growth rate in underlying earnings per share compared to 2024. It expects 5 billion euros in cumulative savings by applying AI and automation in logistics, distribution, store operations, and back office. The group also intends to transition loyalty customers from physical cards to digital apps, targeting 30 million monthly active users by 2028. Ahold Delhaize beat first-quarter core profit margin expectations and confirmed its guidance for 2024.
#AholdDelhaize #Ai #Digitalization #Earnings #Savings
https://finance.yahoo.com/news/ahold-delhaize-bets-ai-digital-074212398.html

2024-05-20 16:59:17

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#note1fj6…wfva

2024-05-20 16:59:06

Wall Street's biggest bear flips, raises S&P 500 price target by 20%
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Morgan Stanley's Mike Wilson, known as Wall Street's biggest bear, has changed his tune and raised his S&P 500 price target to 5,400, reflecting a 2% upside over the next 12 months. Wilson's new target is based on the expectation of rising earnings and falling valuations. He is the third macro strategist to boost their S&P 500 target in the past week. Wilson also outlined a bull case of 6,350 and a bear case of 4,200, depending on the economic outlook. He recommends a barbell approach to investing and has upgraded the Industrials sector to Overweight.
#WallStreet #S&p500 #StockMarket #MikeWilson #MorganStanley
https://finance.yahoo.com/news/wall-streets-biggest-bear-flips-raises-sp-500-price-target-by-20-142228247.html

2024-05-18 06:14:50

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#note1z0t…2mp8

2024-05-18 06:14:38

Sony and Apollo move ahead with Paramount bid process but reticent about earlier plan, NYT reports
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Sony Pictures Entertainment and Apollo Global Management have signed nondisclosure agreements to look at Paramount's books ahead of a potential bid for the movie studio's assets. The companies are backing away from an initial plan to make an all-cash $26 billion offer for Paramount. Sony and Apollo are now contemplating a variety of approaches to acquire Paramount's assets. Paramount has been struggling to recover from last year's strikes by Hollywood writers and actors, a soft advertising market, and falling cable subscriptions in the United States.
#SonyPicturesEntertainment #ApolloGlobalManagement #Paramount #MovieStudio #Assets #NondisclosureAgreements #BidProcess #AllcashOffer #HollywoodStrikes #AdvertisingMarket #CableSubscriptions
https://finance.yahoo.com/news/sony-apollo-move-ahead-paramount-031637364.html

2024-05-17 03:55:50

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#note173f…kfxt

2024-05-17 03:55:39

Dollar set for weekly drop on US slowdown signs
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The dollar is set for its largest weekly fall versus the euro in two-and-a-half months as signs of cooling inflation and a softening US economy raise the prospect of rate cuts. The euro is up 0.9% on the dollar this week, breaking above resistance around $1.0855 and trading as high as $1.0895. US retail sales were flat in April and manufacturing output unexpectedly fell. The Australian and New Zealand dollars are each up more than 1% on the US dollar this week. Sterling is up 1.1% this week to $1.2664. Bitcoin is up 6.6% this week to $65,343. Chinese retail sales and industrial output data is due later in the session, and later on Friday final European CPI numbers are published.
#Dollar #Euro #RateCuts #RetailSales #ManufacturingOutput #AustralianDollar #NewZealandDollar #Sterling #Bitcoin #ChineseRetailSales #IndustrialOutput #EuropeanCpi
https://finance.yahoo.com/news/dollar-set-weekly-drop-us-011301366.html

2024-05-17 00:29:50

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#note1rvq…clx8

2024-05-17 00:29:39

America's trade wars will intensify under Biden or Trump
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President Joe Biden has joined former President Donald Trump as a 'tariff man,' leaving all of Trump's China tariffs in place and imposing his own set of levies. Biden's announcement aims to protect domestic production of semiconductors, green energy technology, and other favored industries. The most important target of Biden's new tariffs are electric vehicles made in China, raising the import tariff on Chinese EVs to 100% from 25%. However, the new tariffs only apply to products shipped to the United States from China and not to products made by Chinese companies in other countries or products made in China and shipped to the United States via third-party nations to avoid China-specific tariffs. Chinese automakers have already established operations in Mexico and announced plans to enter the US market. Both Biden and Trump have not outlined a clear solution to this problem. Congress may have to pass new laws giving the executive branch added authority to block or heavily tax imports within a trade pact if they trace back to an economic competitor such as China. It is also possible that crafty Chinese automakers could build cars in China and Mexico while abiding by all the trade pact rules and still sell them in the US market for less than competitors. Both Biden and Trump will continue to focus on protecting American manufacturers and their workers, as this issue resonates in electoral swing states dependent on manufacturing. The article concludes that there are political points to win by convincing voters you're tougher on China than the other candidate, but either candidate will face a continued challenge in protecting American manufacturers and workers.
#TradeWars #Tariffs #JoeBiden #DonaldTrump #China #ElectricVehicles #Manufacturing
https://finance.yahoo.com/news/americas-trade-wars-will-intensify-under-biden-or-trump-214107382.html

2024-05-16 16:13:24

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#note138d…p3my

2024-05-16 16:13:13

Stocks eye moves higher, Walmart earnings, Meta: 3 Things
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Stock futures dip below their flatline as the major market indexes seek to swing higher after the S&P 500 breached 5,300 on Wednesday and the Dow Jones Industrial Average eyes its 40,000 benchmark. Walmart shares are bumping in pre-market trading after topping fiscal first-quarter 2025 earnings estimates, noting US e-commerce sales leaped higher by 22% year-over-year. Lastly, European Union (EU) regulators are probing Meta Platforms' social media sites — Facebook and Instagram — on child safety law concerns.
#StockMarket #Walmart #MetaPlatforms
https://finance.yahoo.com/video/stocks-eye-moves-higher-walmart-131428342.html

2024-05-15 14:24:05

Stock market today: US futures hold steady as inflation test looms
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US stocks held steady on Wednesday, eyeing fresh record highs ahead of a crucial update on consumer prices that could upend rate-cut hopes and as meme stocks regrouped after a roaring rally. Futures on the Dow Jones Industrial Average and S&P 500 hovered above the flatline. Contracts on the Nasdaq 100 were also little changed on the heels of a new peak for tech stocks. Stocks have ground higher amid rekindled confidence that the US economy is in good enough shape for the Federal Reserve to start bringing interest rates down from their current historic highs. That optimism has fueled a resurgence in bullishness in the market. The release of the Consumer Price Index later Wednesday could test those hopes. After a string of hot data, another surprise from April CPI could spark more worries that an overheating economy will force the Fed to raise rates again, undercutting the case for more gains in stocks and bonds. The headline figure is expected to tick down to 3.4%.
#StockMarket #UsFutures #Inflation #RatecutHopes #MemeStocks #DowJonesIndustrialAverage #S&p500 #Nasdaq100 #TechStocks #ConsumerPriceIndex #UsEconomy #FederalReserve #InterestRates #Bullishness #AprilCpi
https://finance.yahoo.com/news/live/stock-market-today-us-futures-hold-steady-as-inflation-test-looms-112750791.html

2024-05-15 09:31:42

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#note1lt2…5jd0

2024-05-15 09:31:30

Oil prices rise on US inventories drawdown expectations, CPI focus
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Oil prices rose on Wednesday on expectations for higher demand as the U.S. dollar weakened and a report showed U.S. crude and gasoline inventories fell while the release of inflation data may point to a more supportive economic outlook. Brent crude futures were up 51 cents, or 0.6%, at $82.89 a barrel at 0630 GMT. U.S. West Texas Intermediate crude futures (WTI) rose 55 cents, or 0.7%, to $78.57 a barrel. U.S. crude oil inventories fell 3.104 million barrels in the week ended May 10, according to market sources citing American Petroleum Institute figures on Tuesday. Gasoline inventories fell by 1.269 million barrels and distillates rose by 673,000 barrels. U.S. government inventory data is due later on Wednesday and are likely to also show a drop in crude stockpiles as refineries increase their runs to meet increased fuel demand heading into the peak summer driving season. "Expectations of another drawdown in U.S. oil inventories should support oil prices," ANZ Research said in a note. U.S. consumer price index (CPI) data is also due on Wednesday and should give a clearer indication whether the Federal Reserve may cut interest rates later this year, which could spur the economy and boost fuel demand. Oil prices also found support from a softer U.S. dollar and stimulus measures from China, said independent market analyst Tina Teng, with a weaker greenback making dollar-denominated oil cheaper for investors holding other currencies. Teng was referring to China's plans to raise 1 trillion yuan ($138.39 billion) in long-term special treasury bonds this week to raise funds to stimulate key sectors of its flagging economy, which is the world's largest oil importer. Prices were also supported by concerns around Canadian oil supply, a key exporter to the U.S. A large wildfire is approaching Fort McMurray, the hub for Canada's oil sands industry that produces 3.3 million barrels per day of crude, or two-thirds of the country's total output.
#OilPrices #UsInventories #Cpi #EconomicOutlook
https://finance.yahoo.com/news/oil-prices-wildfires-canada-us-003439971.html

2024-05-15 02:36:39

- reply

#note1n6s…cvrx

2024-05-15 02:36:27

Biden investments will restore manufacturing capacities: USW leader
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President Biden has signed off a new round of tariffs on China to restore manufacturing capacities and compete with China's overwhelming manufacturing output. The United Steelworkers (USW) International VP Roxanne Brown discusses the impact of China's manufacturing encroachments on domestic steel plants and local communities. Brown highlights that President Biden's investment policies, along with tariffs, will help domestic industry grow in the long term. She anticipates steel prices to level out as capacity returns to manufacturing hubs and confidence returns to the US economy. The Biden administration's industrial policies have had a positive impact on increasing capacity and hours of work in various sectors, including critical materials, mining, paper, and glass. Brown believes that the next decade looks promising for America's steel sector due to the foundation laid by the bipartisan Infrastructure Law, the Inflation Reduction Act, and the Chips and Science Act.
#Biden #Manufacturing #China #Tariffs #Steel #DomesticIndustry
https://finance.yahoo.com/video/biden-investments-restore-manufacturing-capacities-234000398.html

2024-05-13 08:17:34

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#note1pm3…z5z6

2024-05-13 08:17:23

Oil extends fall on signs of weak fuel demand, strong dollar
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Oil prices extended declines on Monday amid signs of weak fuel demand and as comments from U.S. Federal Reserve officials dampened hopes of interest rate cuts, which could slow growth and crimp fuel demand in the world's biggest economy. Brent crude futures slid 25 cents, or 0.3%, to $82.54 a barrel by 0505 GMT, while U.S. West Texas Intermediate crude futures were at $78.07 a barrel, down 19 cents, or 0.2%. China's producer price index (PPI) contracted in April, suggesting that business demand remained sluggish. Both benchmarks settled about $1 lower on Friday as Fed officials debated whether U.S. interest rates are high enough to bring inflation back to 2%. Oil prices also fell amid signs of weak demand, as U.S. gasoline and distillate inventories rose in the week ahead of the start of the U.S. driving season. Refiners globally are struggling with slumping profits for diesel as new refineries boost supplies and as mild weather in the northern hemisphere and slow economic activity eat into demand. The market remained supported by expectations that OPEC+ could extend supply cuts into the second half of the year. Iraq, the second-largest OPEC producer, is committed to voluntary oil production cuts agreed by OPEC and is keen to cooperate with member countries on efforts to achieve more stability in global oil markets. The oil rig count in the U.S. fell by three to 496 last week, their lowest since November.
#OilPrices #FuelDemand #FederalReserve #InterestRateCuts #Inflation #Opec #Iraq #OilRigCount
https://finance.yahoo.com/news/oil-extends-decline-signs-weak-004830876.html

2024-05-12 21:53:23

Bond Traders Wait for CPI to Fuel — or Doom — the Market’s Rally
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The release of the April consumer-price index on Wednesday is poised to provide the biggest test yet of the rally that started this month when Federal Reserve Chair Jerome Powell swatted away worries that the central bank may raise interest rates again. This year’s previous CPI reports fueled bond-market selloffs as faster-than-expected readings fanned worries that the Fed’s gains against inflation have stalled. The CPI is expected to show slowing in inflation. The core rate — which is seen as the best gauge of underlying pressures, because it excludes volatile food and energy costs — is expected to have risen by 0.3% in April from a month earlier, down from 0.4% in March, according to forecasters surveyed by Bloomberg. The overall index is seen rising by 3.4% from a year earlier, compared with the 3.5% increase in March.
#BondMarket #Cpi #FederalReserve #InterestRates #Inflation
https://finance.yahoo.com/news/bond-traders-wait-cpi-fuel-190000912.html

2024-05-12 16:19:18

Inflation and consumer spending updates ahead: What to know this week
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The article discusses the upcoming economic updates for the week, including inflation and consumer spending data. The S&P 500 rallied during the previous week, with the Nasdaq Composite rising just under 1% and the S&P 500 popping almost 2%. The Dow Jones Industrial Average rose more than 2% and closed higher for eight straight sessions. In the week ahead, investors will be watching for the April inflation reading, which is expected to show an annual gain of 3.4% for headline CPI and 3.6% for core CPI. The article also highlights the importance of retail sales data and provides an overview of the earnings reports expected from Walmart, Home Depot, and Alibaba. The author notes that the market is currently pricing in less than two interest rate cuts this year, and a positive inflation report could push the number of expected rate cuts higher. The article concludes by discussing the market's reaction to economic data and the correlation between the S&P 500 and economic surprise.
#Inflation #ConsumerSpending #EconomicUpdates #S&p500 #NasdaqComposite #DowJonesIndustrialAverage #RetailSales #EarningsReports #InterestRateCuts
https://finance.yahoo.com/news/inflation-and-consumer-spending-updates-ahead-what-to-know-this-week-133436286.html

2024-05-09 23:17:46

Stock market today: Dow pops for 7th straight day as S&P 500 climbs back above 5,200
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US stocks rose Thursday as more evidence showed the US labor market continued to cool, reviving hopes for a rate cut by the fall. The Dow Jones Industrial Average (DJIA) rose about 0.9%, or almost 350 points, extending its winning streak to seven trading sessions. The S&P 500 (^GSPC) gained 0.5%, moving back above the 5,200 closing level for the first time since April 9. The tech-heavy Nasdaq Composite (^IXIC) rose 0.2%. Weekly jobless claims data released on Thursday came in at 231,000, an increase of 22,000 from the prior week and the highest level since August. In the corporate world, a downbeat annual revenue forecast from Arm cast doubt on the hopes for AI growth that have boosted chip stocks. The chip designer's shares fell around 2%, with sector peers Nvidia and AMD also down slightly. Real Estate and Utilities led the sector action, while Technology and Communications Services lagged the S&P 500. Mortgage rates slipped for the first time in over a month, with the 30-year fixed mortgage rate hitting 7.09%. Economic data is softening, but 'we're still a long way from recession'. Warner Bros. Discovery 'always looking at opportunities' amid Paramount buyout talks. Roblox shares fell roughly 21% after the gaming platform slashed its annual bookings forecast, raising concerns of lower player engagement. S&P 500 breaks back above 5,200. Major averages in green territory, Dow jumps 200 points. Jobless claims hit highest level since August 2023. The one line of caution in Tapestry's earnings report. Ahead of key CPI data release next week, one grocer weighs in. Hard to poke holes in Robinhood's quarter.
#StockMarket #DowJones #S&p500 #UsLaborMarket #RateCut #WeeklyJoblessClaims #Arm #AiGrowth #ChipStocks #RealEstate #Utilities #Technology #CommunicationsServices #MortgageRates #EconomicData #Recession #WarnerBrosDiscovery #ParamountBuyoutTalks #Roblox #Tapestry #CpiData #Robinhood
https://finance.yahoo.com/news/live/stock-market-today-dow-pops-for-7th-straight-day-as-sp-500-climbs-back-above-5200-200020212.html

2024-05-09 20:33:43

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#note1zjg…77dl

2024-05-09 20:33:32

Technology crushing human creativity? Apple's 'disturbing' new iPad ad has struck a nerve online
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Apple's new iPad Pro ad, which shows a hydraulic press crushing creative instruments and promoting the thinness of the device, has received criticism for being tone-deaf and for symbolizing technology crushing human creativity. Critics argue that the ad comes at a time when many people feel uncertain about the impact of technological advances on their work and routines. The commercial has also been seen as a departure from Apple's previous marketing approach, which focused on uplifting creativity and individuality. The ad has sparked discussions about the negative impact of big tech on creatives. The new iPad Pro features a thinner design, a new M4 processor, upgraded storage, and dual OLED panels. Apple is aiming to boost demand for iPads after a 17% decline in sales during the January-March period.
#Apple #IpadPro #Advertising #Technology #Creativity
https://finance.yahoo.com/news/technology-crushing-human-creativity-apples-174552294.html

2024-05-09 15:02:34

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#note1y4e…zu5s

2024-05-09 15:02:23

Stock market today: Wall Street limps toward second straight day of losses before the bell
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Wall Street is heading for a second consecutive day of losses as more corporate earnings are released and ahead of the government's weekly layoffs data. Futures for the S&P 500 and Dow Jones Industrial Average are down, while Airbnb, Beyond Meat, and Robinhood are experiencing significant stock movements. Companies have been reporting stronger profits for Q1 2024 than expected, and hopes for interest rate cuts by the Federal Reserve have helped the US stock market recover from a rough April. In Europe, the FTSE 100 reversed course to a 0.4% gain after the Bank of England maintained its key interest rate at 5.25% but hinted at a possible rate reduction. In Asia, the Nikkei 225 index was down 0.3% and China reported renewed growth in exports and imports. US benchmark crude oil rose to $79.58 per barrel, and the euro dropped to $1.0731.
#StockMarket #WallStreet #Earnings #InterestRates #Ftse100 #BankOfEngland #Nikkei225 #China #CrudeOil #Euro
https://finance.yahoo.com/news/stock-market-today-asian-shares-073719739.html

2024-05-09 07:30:52

Dollar firm as US CPI data looms; hawkish BOJ policymakers pause yen slide
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The dollar held mostly steady as traders await next week's US inflation data and its implications for Federal Reserve policy. The yen found support in the Bank of Japan's summary of opinions, which showed board members were overwhelmingly hawkish at their April policy meeting. The market remains biased for the upside for dollar/yen due to the chasm between Japan's ultra-low yields and those in the United States. Market focus will soon shift to the April US producer price index (PPI) and consumer price index (CPI) for signs of inflation. The Bank of England is likely to take another step towards its first interest rate cut in four years as inflation falls. China's exports and imports returned to growth in April, potentially delaying rate cuts. Bitcoin rose 0.09% to $61,618.12.
#Dollar #UsCpiData #Boj #Yen #Inflation #FederalReserve #BankOfJapan #InterestRates #BankOfEngland #ProducerPriceIndex #ConsumerPriceIndex #China #Exports #Imports #Bitcoin
https://finance.yahoo.com/news/dollar-holds-ground-key-inflation-014359990.html

2024-05-08 21:11:47

Stock market today: Dow aims for 6th day of gains while Nasdaq slips
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US stocks were mixed on Wednesday as investors weighed a fresh batch of earnings reports and the possibility of a corporate America-spurred revival. The Dow Jones Industrial Average rose 0.3%, while the S&P 500 ticked down just below the flat line. The tech-heavy Nasdaq Composite edged down about 0.2%. Federal Reserve policymaker Neel Kashkari signaled that rates are likely to stay at historic highs for a while, dampening the rally. Uncertainty about corporate earnings also gave some investors pause. Uber's forecast for a key bookings metric missed the mark, while Shopify shares plunged after forecasting its slowest quarterly revenue growth in two years. Quarterly updates from AMC Entertainment and Robinhood will be watched for signs of a meme stock-like surge. Warner Bros. Discovery will report first-quarter earnings, with investors closely watching for updates on NBA media rights. The Atlanta Fed GDPNow indicator projects 4.2% economic growth in Q2, up from a prior forecast of 3.3%. Reddit stock rose after its first-ever quarterly earnings report, while Tesla slid after reports of a DOJ probe into securities or wire fraud. US stocks opened lower, and the 10-year Treasury yield edged higher. Reddit's quarter showed adjusted operating profitability for the first time, low capital expenditures, accelerating international sales, and favorable ad market commentary.
#StockMarket #DowJones #Nasdaq #EarningsReports #FederalReserve #InterestRates #CorporateEarnings #Uber #Shopify #AmcEntertainment #Robinhood #WarnerBrosDiscovery #NbaMediaRights #AtlantaFedGdpnow #Reddit #Tesla #DojProbe #10yearTreasuryYield
https://finance.yahoo.com/news/live/stock-market-today-dow-aims-for-6th-day-of-gains-while-nasdaq-slips-121113345.html

2024-05-07 16:56:31

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#note1dtn…v4s7

2024-05-07 16:56:20

US Dollar Flexes Muscles Against Other Major Currencies: Is Now The Time To Buy?
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The U.S. dollar has exhibited remarkable strength against major currencies, hitting significant highs against the euro and the Japanese yen. Federal Reserve Chair Jerome Powell's remarks signaling a potential need for sustained higher interest rates amid persistent inflationary pressures have contributed to the dollar's surge. Retail sales figures for March exceeded expectations, further bolstering confidence in the U.S. economy. The U.S. GDP grew at an annualized rate of 1.6% in the first quarter of 2024, falling short of economists' expectations. U.S. inflation levels remained high, with consumer spending rising by 2.5% during the same period. Market sentiment regarding future rate cuts has shifted, with traders now anticipating fewer rate reductions than previously expected. Geopolitical tensions, particularly in the Middle East, have fueled demand for the dollar as a safe-haven asset. The dollar's popularity as a safe haven asset has risen, dominating other asset classes such as cryptocurrencies. The US Dollar Index has gained 4.24% so far this year.
#UsDollar #CurrencyExchange #FederalReserve #Inflation #Gdp
https://finance.yahoo.com/news/us-dollar-flexes-muscles-against-140011608.html

2024-05-07 02:21:15

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#note1k6h…ut5m

2024-05-07 02:21:04

China's manufacturing won't fix consumer demand: Fmr. Australian PM
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Former Prime Minister of Australia Kevin Rudd, currently the Ambassador of Australia to the US, explains at the 2024 Milken Conference that China's economic woes are due to a problem on the demand side of the economy, not the supply side. He expresses concern about China's medium-term growth trajectory and highlights China's industrial policy in areas such as electric vehicles, electronic devices, and semiconductors. Ambassador Rudd also mentions China's abundance of data and its impact on AI and data collection. The article does not provide specific dates or numbers.
#China #Manufacturing #ConsumerDemand #EconomicGrowth #IndustrialPolicy
https://finance.yahoo.com/video/chinas-manufacturing-wont-fix-consumer-232550502.html

2024-05-06 13:55:41

Will There Be Stimulus Checks in 2024?
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During the COVID-19 pandemic, the US government provided stimulus relief payments totaling $814 billion. As of now, there are no plans for another round of stimulus checks in 2024. Last year, there were rumors of a fourth round of stimulus payments, but the government has confirmed that all Economic Impact Payments have been distributed. Despite the improved economy, many Americans are still feeling the financial impact of the pandemic, with inflation and financial despair lingering. However, individuals will need to explore other ways to improve their financial situation as there are no indications of additional stimulus checks at this time.
#StimulusChecks #Covid19 #FinancialAid #EconomicImpact #Inflation
https://finance.yahoo.com/news/stimulus-checks-2024-110106023.html

2024-05-06 02:09:02

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#note1avv…tn4d

2024-05-06 02:08:51

Asian Stocks Eye Positive Start as China Returns: Markets Wrap
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Asian equity markets are expected to have a strong open as China returns from a three-day holiday and the softer-than-expected US jobs report revives bets that the Federal Reserve will cut rates this year. US stock futures edged higher, and contracts in Australia and Hong Kong point to gains on Monday. A gauge of Chinese shares listed on the Nasdaq rose 5.5% last week, indicating a strong open when mainland markets reopen. Japanese markets are closed for a holiday. Global stocks rose for a second week, and US Treasuries rallied following the payrolls release. Weaker-than-estimated data points last week sent the US version of Citigroup’s Economic Surprise Index to the lowest since February 2023. The positive sentiment comes after a cooldown in wages appeased investors worrying about “stagflation” or a recession. Oil rose in early trading after Israel closed the Kerem Shalom humanitarian crossing into Gaza on Sunday following a rocket barrage fired by Hamas. Traders will also be mindful of a swath of central bank meetings this week, led by a likely hawkish Reserve Bank of Australia on Tuesday. Chinese activity data as well as inflation readings in key emerging markets are also due.
#AsianStocks #China #UsJobsReport #FederalReserve #UsTreasuries #Citigroup’sEconomicSurpriseIndex #Wages #Stagflation #Recession #Oil #Israel #Hamas #CentralBankMeetings #ReserveBankOfAustralia #ChineseActivityData #Inflation
https://finance.yahoo.com/news/asian-stocks-eye-positive-start-223227877.html

2024-05-04 18:21:32

Berkshire Hathaway annual shareholders meeting: Warren Buffett takes stage without Charlie Munger for first time
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Warren Buffett takes the stage at the Berkshire Hathaway annual shareholders meeting without Charlie Munger for the first time. Munger passed away late last year at the age of 99. Buffett, along with Berkshire vice chairs Greg Abel and Ajit Jain, answered questions from shareholders. Buffett discussed the company's decision to pare its holdings of Apple and the growing pile of cash and Treasury holdings. He also expressed caution about AI and reiterated his commitment to investing in the United States. Buffett revealed that the two stocks Munger argued hardest for were BYD and Costco. Berkshire's first quarter earnings showed a record operating profit, but investment gains were down due to Apple's decline. Berkshire also lightened up its Apple holdings during the first quarter.
#BerkshireHathaway #WarrenBuffett #CharlieMunger #AnnualShareholdersMeeting #Apple #Byd #Costco #Investments #Ai #UnitedStates
https://finance.yahoo.com/news/live/berkshire-hathaway-annual-shareholders-meeting-warren-buffett-takes-stage-without-charlie-munger-for-first-time-132011030.html

2024-05-03 22:18:20

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#note144x…r443

2024-05-03 22:18:08

This week in Bidenomics: No stag, no 'flation, just consternation
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Federal Reserve Chair Jerome Powell dismisses the idea of stagflation in the US economy, citing inflation at 3.5% and unemployment at 3.9%. However, consumer confidence has fallen for three months in a row, and stock market investors are uncertain about the trajectory of inflation. The soft jobs report for April, with 175,000 jobs added (65,000 less than expected), suggests a weakening labor market, which could be good for inflation. If the deflationary trend continues, it may lead to modest Fed rate cuts and bullish stock market conditions. Despite record job growth and a rebound from the COVID pandemic, voters have not given President Biden credit for the economy's positive aspects and have focused on inflation. There are signs that workers are noticing a tightening labor market, which could impact Biden's reelection prospects.
#Bidenomics #Stagflation #Inflation #Unemployment #ConsumerConfidence #StockMarket #JobsReport #FederalReserve #PresidentBiden
https://finance.yahoo.com/news/this-week-in-bidenomics-no-stag-no-flation-just-consternation-192404618.html

2024-05-03 18:10:10

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#note1ztt…9ur5

2024-05-03 18:09:58

Acting Labor Secy. talks April jobs data and overtime pay rule
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April's jobs report data reveals an addition of 175,000 jobs added to the US economy, below estimates of 240,000. Annual wage growth also slowed. Acting Labor Secretary Julie Su discusses the steps the Biden administration is taking to aid the American worker, including new legislation to enable accessibility to overtime pay. Secretary Su states that April's job growth is a continuation of the strong, steady job growth seen since President Biden came into office. The new overtime pay rule aims to restore fair pay for a hard day's work and ensure that millions more Americans who work over 40 hours in a week receive the pay they deserve. Secretary Su also addresses the obstacles preventing women from rejoining the US labor market full-time.
#JobsReport #OvertimePay #BidenAdministration #AmericanWorker
https://finance.yahoo.com/video/acting-labor-secy-talks-april-151822854.html

2024-05-03 16:05:49

US hiring slows more than expected in sign of cooler market
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The United States added 175,000 jobs in April, missing analyst expectations significantly. The unemployment rate edged slightly higher from 3.8 percent in March to 3.9 percent last month. While hiring has decelerated, the number of jobs added in April remains well above 100,000. Wage growth came in at 0.2 percent in April, slipping below 4.0 percent for the first time since 2021. The Federal Reserve is ready to respond to an unexpected weakening in the jobs market. The underlying economic story is that businesses, especially small, bank-dependent firms, are feeling the pressure from sustained high real interest rates.
#UsEconomy #JobMarket #Unemployment #WageGrowth #FederalReserve
https://finance.yahoo.com/news/us-hiring-slows-more-expected-131254476.html

2024-05-03 15:26:07

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#note199p…v4pj

2024-05-03 15:25:56

U.S. Department of Energy Selects Perma-Fix to Participate in Nationwide DD&R Small Business IDIQ Contract
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Perma-Fix Environmental Services, Inc. has been selected by the U.S. Department of Energy (DOE) Office of Environmental Management (EM) to participate in a 10-year, small business set-aside, multiple-award Indefinite Delivery/Indefinite Quantity (IDIQ) contract. The contract is for providing nationwide Deactivation, Decommissioning and Removal (DD&R) services for EM sites, the National Nuclear Security Administration (NNSA), Office of Naval Reactors (ONR), and the Office of Science (SC). The Perma-Fix team is one of fourteen small businesses selected and will be eligible to compete for firm fixed price and cost reimbursement task orders with a maximum ceiling of $2 billion over a 10-year period. Mark Duff, President and CEO of Perma-Fix, expressed honor at being chosen and highlighted the company's reputation, technical capabilities, and track record in addressing environmental challenges. Perma-Fix Environmental Services, Inc. is a nuclear services company that provides nuclear and mixed waste management services, including management and treatment of radioactive and mixed waste for hospitals, research labs, federal agencies, and the commercial nuclear industry. The company operates four nuclear waste treatment facilities and provides nuclear services nationwide.
#UsDepartmentOfEnergy #PermafixEnvironmentalServices #NuclearWasteManagement #Dd&r #Contract
https://finance.yahoo.com/news/u-department-energy-selects-perma-123000462.html

2024-05-03 15:24:59

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#note1fq8…0y5u

2024-05-03 15:24:48

Stock market today: Wall Street advances in premarket ahead of key US jobs report
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Wall Street is expected to make gains ahead of the release of the US employment report, which is expected to show a slowdown in hiring from March. The US economy is in a tight spot, hoping to remain strong enough to avoid a recession but not so strong that it worsens inflation. In equities trading, Apple rose 6% after raising its dividend and announcing a $110 billion share buyback. Expedia fell 12.2% after beating Wall Street targets but lowering its full-year bookings guidance. In Asian trading, Hong Kong's Hang Seng jumped 1.5% and technology shares saw gains after fresh moves by Chinese leaders to energize the economy.
#StockMarket #UsJobsReport #WallStreet #UsEconomy #Apple #Expedia #HongKongHangSeng
https://finance.yahoo.com/news/stock-market-today-asian-shares-065639151.html

2024-05-03 08:31:39

Oil prices set for steepest weekly drop in 3 months
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Oil prices edged up on Friday on the prospect of OPEC+ continuing output cuts, but the crude benchmarks were headed for the steepest weekly losses in three months on demand uncertainty and easing tensions in the Middle East reducing supply risks. Brent crude futures for July rose 24 cents to $83.91 a barrel by 0514 GMT. U.S. West Texas Intermediate crude for June was up 19 cents, or 0.3%, to $79.19 per barrel. Both benchmarks were on track for weekly losses as investors worried about the prospect of higher-for-longer interest rates curbing growth in the U.S., the top global oil consumer, and in other parts of the world. Brent headed for a 6.3% weekly decline, while WTI moved towards a loss of 5.6% on the week. Three sources from OPEC+ producers said the group could extend its voluntary oil output cuts of 2.2 million barrels per day beyond June if oil demand fails to pick up, but the group has yet to begin formal talks ahead of the June 1 meeting.
#OilPrices #Opec+ #DemandUncertainty #MiddleEastTensions #SupplyRisks
https://finance.yahoo.com/news/oil-steadies-heads-weekly-drop-005149579.html