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Showing posts from March, 2024

Fed must get 'more aggressive' with rate cuts due to weakening jobs market, Canaccord's chief market strategist says

The Fed may have new incentives in the second quarter to cut rates deeper this year. from Finance https://ift.tt/oa8i1bh via IFTTT

U.S. consumer plays in China are more than coffee and iPhones. Stocks to watch

While Starbucks has warned of price competition in China and Apple tries to drum up momentum with a new store, other U.S. brands are seeing growth in the country. from Finance https://ift.tt/389TzI6 via IFTTT

Bitcoin could soar to $150,000 this year, hedge fund manager Mark Yusko predicts

Investors should have at least 1% to 3% allocated to bitcoin in their portfolios, Morgan Creek Capital Management CEO Mark Yusko says. from Finance https://ift.tt/E2eYnTc via IFTTT

Huawei's profit doubled in 2023 as smartphone, autos business picked up

Chinese telecommunications company Huawei said Friday its net profit for 2023 more than doubled thanks to better product offerings. from Finance https://ift.tt/S9Zi6RA via IFTTT

Meme stocks are back as Trump Media and Reddit surge upon their debuts

Trump Media and Reddit share a key attribute in common with the likes of GameStop. from Finance https://ift.tt/pTS6owj via IFTTT

UBS chief's surprise return to the Swiss banking giant bagged him a $15.9 million paycheck

UBS CEO Sergio Ermotti earned 14.4 million Swiss francs ($15.9 million) in 2023 after his surprise return to the helm of the Swiss banking giant. from Finance https://ift.tt/UvKMj09 via IFTTT

China's economy is on track for 'strong' March performance, survey says

China's economy is ending the first quarter on a "strong" note, according to a business survey published by the China Beige Book on Thursday. from Finance https://ift.tt/ewBxaGv via IFTTT

Crypto is ‘like cayenne pepper’ for investors, money manager says: 'A little goes a long way'

Investors who hold cryptocurrency like bitcoin only need to allocate a small share of their money to the digital assets to reap benefits, experts say. from Finance https://ift.tt/8r1TKef via IFTTT

Stocks making the biggest moves premarket: Robinhood, GameStop, Merck and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/sHoypZm via IFTTT

The UK is regulating memes about crypto and other investments to curb scams from 'finfluencers'

The Financial Conduct Authority said marketing for financial products — including those expressed in memes — should be fair, clear, and not misleading. from Finance https://ift.tt/CrhOgP0 via IFTTT

China's Xi meets U.S. executives as businesses navigate bilateral tensions

U.S. business leaders met with Chinese President Xi Jinping, the latest of Beijing's efforts to bolster foreign investment in China amid tensions with the U.S. from Finance https://ift.tt/ulsODyU via IFTTT

Stocks making the biggest moves after hours: GameStop, Concentrix and more

These are the stocks posting the largest moves in after-hours trading. from Finance https://ift.tt/JRUAoHL via IFTTT

Stocks making the biggest moves midday: Krispy Kreme, Trump Media, McCormick and more

These are the stocks posting the largest moves in midday trading. from Finance https://ift.tt/OHwknFd via IFTTT

Nigeria's central bank hikes interest rate to 24.75% as it battles sky-high inflation, currency crisis

The Central Bank of Nigeria on Tuesday hiked its key interest rate by 200 basis points, as Africa's largest economy looks to recover from a historic currency crisis and soaring inflation. from Finance https://ift.tt/o6sSMmq via IFTTT

Stocks making the biggest moves premarket: Krispy Kreme, UPS, Micron Technology and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/7gkA8iN via IFTTT

Cocoa prices hit $10,000 per metric ton for the first time ever

Cocoa reached hit a record Tuesday as high demand and supply constraints fuel prices higher. from Finance https://ift.tt/0Jvd8pA via IFTTT

Stocks making the biggest moves midday: Digital World Acquisition Corp., Boeing, Disney and more

These are the stocks posting the largest moves in midday trading. from Finance https://ift.tt/laqLyFU via IFTTT

Stocks making the biggest moves before the bell: Boeing, Masimo, Cleveland-Cliffs, Baidu, Disney and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/qJ8Eycz via IFTTT

Binance executive escapes Nigerian custody as authorities file new tax charges

One of two Binance executives detained in Nigeria has escaped custody, while the Nigerian government has filed new tax evasion charges against the exchange. from Finance https://ift.tt/vulsjcd via IFTTT

Japan bucks private equity slowdown in Asia-Pacific with deal value soaring 183% last year

Japan PE deal value surged 183% in 2023 from a year earlier, making it the largest private equity market in Asia Pacific for the first time. from Finance https://ift.tt/oQJBEXp via IFTTT

Wall Street is getting excited about these Chinese stocks — and upgrading three to 'buy'

Investment analysts have upgraded at least three U.S.-listed Chinese stocks to buy so far this month. from Finance https://ift.tt/GxVMcbJ via IFTTT

Two fresh ways to play the weight loss and megacap tech hype

A major exchange-traded fund provider is going deep on two popular plays: megacap tech and weight loss drug stocks. from Finance https://ift.tt/EnjUrem via IFTTT

'Gray divorce' has doubled since the '90s — and the financial risk is high for women

Americans age 50 and older are divorcing at much higher rates, and women are financially vulnerable. from Finance https://ift.tt/WMAO4eS via IFTTT

How beginners can make money online

 In the event that you're needing to make two or three extra bucks online, you've come to the best region. While you won't get rich quickly, there are several things you can do to begin acquiring some money rapidly. In this article, we'll cover a portion of the basics of how to make money online for beginners.In any case, we should likely look at the most famous approaches to acquiring money online. One eminent methodology is through online layouts. Associations are continually searching for input from buyers, and they're willing to pay for it. While you won't get rich from taking frameworks, it's a quick and basic strategy for beginning to make some money.Another remarkable system is to sell things and services online. Assuming that you expect that you have skills in making things or offering support that others need, you can get cash by setting up an online store or offering your services at a free business place.Obviously, there are various substitute app...

Anthropic is lining up a new slate of investors, but the AI startup has ruled out Saudi Arabia

Sovereign wealth funds and other investors are jostling to buy into an Anthropic stake. But the company has ruled out taking any Saudi money. from Finance https://ift.tt/DqljvFt via IFTTT

How to spot and overcome ‘ghost’ jobs

Many online job ads were posted months ago, giving the illusion of a phantom listing. There are ways to sidestep ghost jobs and position yourself for success. from Finance https://ift.tt/DZKB4ek via IFTTT

Stocks making the biggest moves midday: Nike, Lululemon, FedEx, Dutch Bros and more

These are the stocks posting the largest moves in midday trading. from Finance https://ift.tt/iZYtG0q via IFTTT

Stocks making the biggest moves premarket: Reddit, Nike, FedEx and more

These are some of the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/m25z30u via IFTTT

Immigration is boosting the U.S. economy and has been 'really underestimated,' says JPMorgan research head

Joyce Chang, chair of global research at JPMorgan, said the recent influx of immigration — and its economic benefits — had been "really underestimated." from Finance https://ift.tt/w0hbR9l via IFTTT

Stocks making the biggest moves after hours: Lululemon, FedEx, Nike and more

See which stocks are posting big moves after the bell. from Finance https://ift.tt/RJalAh6 via IFTTT

Stocks making the biggest moves after hours: Micron, Five Below, Chewy and more

These are the stocks posting the largest moves in extended trading. from Finance https://ift.tt/S8w3EMr via IFTTT

Fed holds rates steady and maintains three cuts coming sometime this year

The Federal Reserve on Wednesday released its decision on interest rates following its two-day policy meeting. from Finance https://ift.tt/4Qta2P3 via IFTTT

Stocks making the biggest moves premarket: Chipotle, MicroStrategy, CarMax, Intel and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/9dnZJML via IFTTT

Bank of England set to hold rates, but falling inflation brings cuts into view

The Bank of England is widely expected to keep interest rates unchanged at 5.25% on Thursday, but economists are divided on when the first cut will come. from Finance https://ift.tt/tHymfV3 via IFTTT

EU-China trade relations are in a 'slow-motion train accident,' business group says

Trade tensions between Europe and Beijing will likely escalate, according to Jens Eskelund, president of the European Union Chamber of Commerce in China. from Finance https://ift.tt/zOEFNm7 via IFTTT

Here's everything to expect from the Federal Reserve's policy meeting Wednesday

The Fed has a lot to do at its meeting this week, but ultimately may not end up doing a whole lot. from Finance https://ift.tt/yEQJ6tl via IFTTT

'Glitch' at Ethiopia's biggest bank sees customers withdraw millions that isn't theirs

Ethiopia's largest bank is struggling to recoup funds after a glitch over the weekend allowed customers to withdraw millions of dollars, according to local media reports. from Finance https://ift.tt/A1XVFUb via IFTTT

An activist short-seller is making a name for itself by taking on Carl Ichan, Gautam Adani and others

Short-selling is a controversial practice, since it involves making money from the decline of somebody else's asset value. from Finance https://ift.tt/ovcOH59 via IFTTT

Time is running out for interest rate cuts, market forecaster Jim Bianco warns before Fed meeting

"I'm in the camp that the Fed does not change policy in the summer of an election year," the Bianco Research president told CNBC's "Fast Money" on Monday. from Finance https://ift.tt/8CtoJ5Y via IFTTT

This is the easiest way for newbies to start investing, financial experts say

Target-date funds are the best option for novice investors looking for a simple, hands-off approach, according to financial experts. from Finance https://ift.tt/jTGR7rB via IFTTT

Stocks making the biggest moves midday: Nvidia, Apple, Alphabet, PepsiCo and more

These are the stocks posting the largest moves in midday trading. from Finance https://ift.tt/AyqWbZc via IFTTT

Stocks making the biggest moves premarket: Google, HashiCorp, Nvidia and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/ht9WJTa via IFTTT

China kicks off the year on strong note as retail, industrial data tops expectations

China on Monday reported economic data for the first two months of the year that beat analysts' expectations. from Finance https://ift.tt/8AZMolE via IFTTT

TikTok debate reveals the risks for investing in China during U.S. election year

The debate over whether a Chinese-owned TikTok can operate in the U.S. is back, revealing more about the risk for Chinese stocks in a U.S. election year. from Finance https://ift.tt/EWVeOCw via IFTTT

Talk of recession is dying down in corporate America

In the latest quarter's results, the word 'recession' came up in the fewest S&P 500 earnings calls since 2021. from Finance https://ift.tt/cXYrM3D via IFTTT

Bitcoin may start to lose its reputation as a volatile asset. Here's why

"What's driving the bitcoin market right now is a simple demand-supply imbalance," Bitwise CIO Matt Hougan told CNBC's "ETF Edge" on this week. from Finance https://ift.tt/r7GoM56 via IFTTT

Bitcoin shows its volatility once again, tumbling back to $67,000 in overnight decline

Bitcoin is still up about more than 50% year to date, and the overnight drop came from near record highs. from Finance https://ift.tt/kA9i3w8 via IFTTT

Biden’s 'billionaire tax' takes aim at the super-rich — but can a wealth tax work in reality?

Calls for a wealth tax on the world's super-rich are once again gaining attention after U.S. President Joe Biden said he would impose a new "billionaire tax." from Finance https://ift.tt/jAexOmc via IFTTT

Stocks making the biggest moves after hours: Adobe, Ulta and more

These are the stocks posting the largest moves in extended trading. from Finance https://ift.tt/3x9mihF via IFTTT

Morgan Stanley names a head of artificial intelligence as Wall Street leans into AI

The move shows the rising importance of AI in financial services, sparked by the rise of generative AI tools that create human-like responses to queries. from Finance https://ift.tt/tDcA2Hx via IFTTT

Here's when the Fed is likely to start cutting interest rates, according to investment strategists

The U.S. central bank will likely reduce its benchmark interest rate by 0.75 percentage points to 1 point this year and achieve a "soft landing," experts said. from Finance https://ift.tt/p3gM0Xh via IFTTT

Stocks making the biggest moves premarket: Citigroup, Under Armour, MicroStrategy and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/hGoRImz via IFTTT

Stocks making the biggest moves after hours: Robinhood, SentinelOne, Under Armour and more

See which stocks are posting big moves after the bell. from Finance https://ift.tt/NKXkaR7 via IFTTT

Jamie Dimon endorses Disney CEO Bob Iger in proxy fight with Nelson Peltz's Trian Partners

JPMorgan Chase CEO Jamie Dimon endorsed Disney CEO Bob Iger in his proxy battle with activist Trian Partners, CNBC's David Faber has learned. from Finance https://ift.tt/7IkSBHN via IFTTT

Stocks making the biggest moves premarket: Dollar Tree, Petco, Tesla and more

These are the stocks posting the largest moves in early trading. from Finance https://ift.tt/Yy0GdeU via IFTTT

Shareholder payouts hit a record $1.7 trillion last year as bank profits surged

Banks delivered record payouts as high interest rates boosted margins, according to a new report from British asset manager Janus Henderson. from Finance https://ift.tt/zh053ON via IFTTT

Citadel's Ken Griffin says the Fed shouldn't cut too quickly, citing big tailwinds supporting inflation

Ken Griffin, Citadel founder and CEO, thinks the Federal Reserve should move slowly to cut interest rates in its fight against stubborn inflation. from Finance https://ift.tt/lkIxuSi via IFTTT

Xiaomi is set to launch its electric car on March 28

Chinese smartphone company Xiaomi announced Tuesday it would formally launch its long-awaited electric car on March 28. from Finance https://ift.tt/2elW97y via IFTTT

Jefferies analyst challenges Trump’s claim that Meta’s Facebook is ‘enemy of the people’

Jefferies' Brent Thill sees Facebook as vital — despite President Donald Trump calling it an "enemy of the people" on CNBC's "Squawk Box" on Monday. from Finance https://ift.tt/9gZuBXw via IFTTT

China's valuations are 'way too low,' strategist says — here's why

Valuations of Chinese stocks are "way too low," according to Shaun Rein, founder and managing director of the China Market Research Group. from Finance https://ift.tt/edu5mCD via IFTTT

Stocks making the biggest moves after hours: Oracle, Vail Resorts, Advance Auto Parts and more

See which stocks are posting big moves after the bell. from Finance https://ift.tt/NyqU20K via IFTTT

Stocks making the biggest moves premarket: Coinbase, PDD Holdings, Duolingo and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/rFGWkgS via IFTTT

Bitcoin hits fresh record high above $71,000 as UK opens the door to crypto exchange-traded products

The move from U.K. regulators comes after the U.S. Securities and Exchange Commission approved the first-ever spot bitcoin exchange-traded funds. from Finance https://ift.tt/8yMXGdi via IFTTT

China's annual parliamentary meeting has ended. Here are the key takeaways

For the first time in decades, China's premier did not host a press conference at the end of the annual parliamentary meeting, known as the "Two Sessions." from Finance https://ift.tt/LnZJ0WE via IFTTT

China's housing minister says real estate developers must go bankrupt if necessary

China's struggling property developers won't be getting a major bailout, authorities indicated, warning that those who "harm the interests of the masses" will be punished. from Finance https://ift.tt/7q0buxN via IFTTT

China says it plans to boost these industries. Stocks to play the trend

China may not have announced bazooka-like stimulus at its annual parliamentary meeting this past week, but it made clear which sectors it will support. from Finance https://ift.tt/o7rnLxz via IFTTT

DOJ opens investigation into Alaska Airlines incident of door panel blowing out midair, WSJ says

The newspaper said investigators have contacted passengers, pilots and flight attendants on the flight where a section of the plane ripped off midair. from Finance https://ift.tt/l5FOKhd via IFTTT

President Biden signs $460 billion spending bill to avert a partial government shutdown

On Friday, the Senate had voted 75 to 22 to approve the package after the House passed it earlier this week. from Finance https://ift.tt/syJajZq via IFTTT

Mega-cap tech stocks dominate many ESG funds. Here’s why

The top holdings of many ESG funds may be surprisingly familiar. from Finance https://ift.tt/1cUTMD4 via IFTTT

Stocks making the biggest moves midday: Nvidia, Marvell Technology, Costco, Eli Lilly and more

These are the stocks posting the largest moves in midday trading. from Finance https://ift.tt/GmhEnvz via IFTTT

China is making it much easier for foreigners to use mobile pay

Foreign visitors to China can now spend up to $2,000 a year using the mobile app Alipay without having to register their ID, up from the previous limit of $500. from Finance https://ift.tt/xwCcNk1 via IFTTT

Stocks making the biggest moves after hours: Broadcom, Costco, MongoDB and more

These are the stocks posting the largest moves in extended trading. from Finance https://ift.tt/ORaIziK via IFTTT

Powell says the Fed is 'not far' from the point of cutting interest rates

Powell on Thursday indicated that interest rate cuts may not be too far off, if inflation signals cooperate. from Finance https://ift.tt/wiJB8YV via IFTTT

Bailing on the stock market during volatility is a ‘loser’s game,' financial advisor says. Here's why

Getting out of the stock market during periods of volatility may feel safer. But the math suggests investors often sacrifice big returns. from Finance https://ift.tt/7XRGBlw via IFTTT

Stock market bubble? Analysts explain why they're not worried

Despite the heavy concentration of the U.S. market rally in expensive AI-focused tech stocks, Wall Street is not yet in bubble territory, analysts suggest. from Finance https://ift.tt/PIHtS56 via IFTTT

Why private equity has been involved in every recent bank deal

New York Community Bank's $1 billion-plus capital raise is the latest example of private equity players coming to rescue a regional bank. from Finance https://ift.tt/H1GSJnY via IFTTT

New York Community Bancorp tumbles 40% and is halted as troubled bank reportedly seeking cash infusion

The regional bank stock has been under pressure this year after disclosing potential losses in its loan book. from Finance https://ift.tt/KIPe7uo via IFTTT

China's central bank governor says there's room to cut banks' reserve requirements

China's PBOC governor said there was room to further cut banks' reserve requirements, and pledged to utilize monetary policy to "mildly" prop up consumer prices. from Finance https://ift.tt/LUvzH9j via IFTTT

Stocks making the biggest moves after hours: Nordstrom, CrowdStrike, Box and more

See which stocks are posting big moves in after-hours trading. from Finance https://ift.tt/6bOXtPj via IFTTT

Fed Chair Powell testifying to House on Wednesday. What investors are expecting

Markets are intent on getting more clarity about how the central bank plans on proceeding with monetary policy this year. from Finance https://ift.tt/r3E1xBv via IFTTT

New CFPB rule caps banks' credit card late fees at $8

By cutting late fees to $8 from an average of around $32, more than 45 million card users would save an average of $220 annually, the CFPB said in a release. from Finance https://ift.tt/Okg0pob via IFTTT

Nigeria battles to halt spiraling currency crisis and rising food insecurity

Nigeria is battling to contain a historic currency crisis and soaring inflation, with the IMF warning that almost one in 10 face food insecurity. from Finance https://ift.tt/TQJA2nB via IFTTT

Some NYCB deposits may be a flight risk after Moody’s downgrades ratings again

Moody's slashed one of New York Community Bank's key ratings for the second time in a month. from Finance https://ift.tt/Q18Kxti via IFTTT

Stocks making the biggest moves midday: Macy's, Super Micro Computer, Lyft, DoorDash and more

These are the stocks posting the largest moves in midday trading. from Finance https://ift.tt/61kCT2O via IFTTT

Stocks making the biggest moves premarket: Super Micro Computer, Deckers Outdoor, Macy's and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/HFsXeNu via IFTTT

'Last chance saloon': UK finance minister expected to pledge pre-election tax cuts

Economists expect U.K. Finance Minister Jeremy Hunt to use a small fiscal windfall to deliver a modest package of tax cuts at his Spring Budget on Wednesday. from Finance https://ift.tt/mnPXK5W via IFTTT

The best EV plays are now in China. Analysts are raising price targets on this stock

With Apple reportedly out of the electric car game and Tesla losing market share in some Chinese cities, the best EV plays are arguably now all based in China. from Finance https://ift.tt/MiPLsaz via IFTTT

‘One of the most important innovations in investing’: TMX CEO jumps deeper into ETFs

The Toronto Stock Exchange’s parent company acquired ETF education company VettaFi. According to CEO John McKenzie, it will help with ETF growth worldwide. from Finance https://ift.tt/oTQULeR via IFTTT

Stocks making the biggest moves midday: Spirit AeroSystems, Zscaler, Dell, Advanced Micro Devices and more

These are some of the stocks posting the largest moves in midday trading. from Finance https://ift.tt/TQMYmPK via IFTTT

Stocks making the biggest moves premarket: Dell, New York Community Bancorp, HP and more

These are the stocks posting the largest moves in premarket trading. from Finance https://ift.tt/EXyGToN via IFTTT

Animal spirits are back in the market, fueling 2021-like speculative activity

Federal Reserve's rate signal is unleashing animal spirits, fueling pandemic-like speculative activities and driving stocks to record highs. from Finance https://ift.tt/rZh0Aj7 via IFTTT