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reportwire · 1 year
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Asian shares follow Wall Street lower after stronger-than-expected data
BANGKOK (AP) — Shares fell Monday in Asia after Wall Street benchmarks closed out their worst week since early December. U.S. futures edged higher while oil prices fell. Reports on inflation, the jobs market and retail spending have come in hotter than expected, leading analysts to raise forecasts for how high the Federal Reserve will have to take interest rates to slow the U.S. economy and cool…
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smithleonardo · 2 years
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Here are the signs that the bear-market rally in stocks won't last long - Citi
Here are the signs that the bear-market rally in stocks won’t last long – Citi
U.S. stocks have clawed back much of their losses from the first half of the year, but the three major indexes tumbled this week under reviving fears about interest rate rises by the Federal Reserve, and there are signs that the bulk of the bear-market rally is already behind us, said Citigroup’s analysts. According to strategists at Citi Research, the current bear-market rally is almost in line…
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don-lichterman · 2 years
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Microsoft misses on earnings and revenue, stock drops
Microsoft misses on earnings and revenue, stock drops
Microsoft Corp. missed expectations for profit and revenue in a Tuesday earnings report, as deteriorating economic conditions led to an even greater shock than expected when executives revised their guidance at the beginning of June. Microsoft MSFT, -2.68% on Tuesday reported fiscal fourth-quarter earnings of $16.74 billion, or $2.23 a share, up from $2.17 a share in the same quarter a year ago.…
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fuzzytimes1 · 1 year
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Homebuyers stay one step ahead of supply chain issues by buying the home and everything in it
Last year, Gerardo and Rita Luna upgraded from their 2,700-square-foot home in Oxnard, Calif. to a much larger home in nearby Santa Paula, paying $2.4 million. The couple, who own four auto repair shops, said they were looking for a quieter spot where they “couldn’t shake hands with their neighbors through the window,” Mr Luna said. The Santa Paula estate, on 6 acres, fits the bill perfectly. The…
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Crypto investor losses turn into IRS gains - here's how they do it
Crypto investor losses turn into IRS gains – here’s how they do it
The Internal Revenue Service has been paying close attention to crypto investors in recent years, and as this happens, more investors are turning to the tax code’s rules on investment losses. That’s according to a study published this week that sheds light on the link between IRS enforcement and “tax loss collection.” The latter is a tax planning strategy that many crypto investors will need to…
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kuwgo · 2 years
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AMD, PayPal, Starbucks, Uber, Paramount, and other stocks to watch this week
AMD, PayPal, Starbucks, Uber, Paramount, and other stocks to watch this week
It’s the peak of the second-quarter earnings season, with nearly 150 Standard & Poor’s 500 She is due to report this week. The highlight of the economic calendar will be a pair of PMI and jobs readings on Friday. Wednesday’s biggest profit will be Reservation collectibles And the CVS Health And the ebay And the And the Moderna . Thursday will bring results from Alibaba Group Holdings,…
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soyuria · 2 years
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Will the Federal Reserve Kill the Stock Market Rebound?
Will the Federal Reserve Kill the Stock Market Rebound?
A summer rebound is raising hopes that the bear market in U.S. equities has bottomed out, but a meeting of Federal Reserve policymakers this week could test the nerves of potential buyers. “I expect we will continue to see market volatility until investors see more compelling evidence that this period of Fed hawkishness is behind us, and I don’t expect that. let that be the message” when central…
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reportwire · 1 year
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IEA raises oil demand view on gas-to-oil switching
IEA raises oil demand view on gas-to-oil switching
A better-than-expected response to Europe’s energy crisis and surprising economic resilience among major Asian economies are boosting demand for oil as a heat source, the International Energy Agency said Wednesday as it lifted its forecast for global crude demand. The Paris-based energy watchdog raised its oil CL.1, +0.93%   BRN00, +0.83% demand growth forecasts for 2022 by 140,000 barrels a day…
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smithleonardo · 2 years
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This stock-market milestone indicates the S&P 500 could be as much as 16% higher one year from today
This stock-market milestone indicates the S&P 500 could be as much as 16% higher one year from today
More technical indicators are emerging to suggest that the broad-based summer rebound in stocks might be the start of something bigger. Over the past few trading sessions, technical analysts have confronted a number of “market breadth”-related indicators that could portend further gains. For starters, the number of S&P 500 stocks trading above their 50-day moving averages reached 93% on Friday —…
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i-legeciii · 2 years
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Don’t forget God when you receive what you prayed for
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marko-dwight · 2 years
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Will the Federal Reserve kill the stock-market bounce?
Will the Federal Reserve kill the stock-market bounce?
A summer rebound is stirring hopes the bear market in U.S. stocks has seen its lows, but a meeting of Federal Reserve policy makers this coming week might test the nerves of would-be bulls. “I expect we will continue to see market volatility until investors have seen more convincing evidence that this period of Fed hawkishness is behind us, and I do not expect that to be the message” when central…
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thelegend9798 · 2 years
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Glencore Settles Corruption and Bribery Charges in US, UK, Brazil
Glencore Settles Corruption and Bribery Charges in US, UK, Brazil
Glencore GLNCY 2.32% PLC said Tuesday that it would pay at least $1.2 billion and that two business units would plead guilty to bribery in the UK and to conspiracy to violate US anticorruption laws, resolving criminal probes that have hung over the global mining and trading business for years. The long-awaited guilty pleas and fines, covering a range of misdeeds including market manipulation and…
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reportwire · 1 year
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This fund beats the S&P 500 by using just 75 of its components. Here's how it works.
This fund beats the S&P 500 by using just 75 of its components. Here’s how it works.
What worked well during the years-long bull market through 2021 — a focus on growth, regardless of price — has ground to a halt this year. The rebirth of the value style of investing — and modest valuations overall — has taken hold. The approach taken by the Invesco S&P 500 GARP ETF has paid off through both bull and bear markets. Let’s begin with a 10-year chart comparing total returns with…
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smithleonardo · 2 years
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Bear market for stocks 'incomplete,' warns Morgan Stanley’s Mike Wilson
Bear market for stocks ‘incomplete,’ warns Morgan Stanley’s Mike Wilson
“‘Risk/reward is unattractive, and this bear market remainsincomplete.’” — — Michael Wilson, chief U.S. equity strategist and CIO, Morgan Stanley Morgan Stanley’s Michael Wilson, one of the Wall Street’s most vocal bears who correctly predicted this year’s stock market selloff, warned the bear market is not complete as disappointing earnings revisions in the next few months could drive the next…
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don-lichterman · 2 years
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Bitcoin Prices Hold Firm. Have Cryptos Really Hit a Bottom?
Bitcoin Prices Hold Firm. Have Cryptos Really Hit a Bottom?
Crypto prices have collapsed in recent months, but prices recently have rallied. Dreamstime Bitcoin and other cryptocurrencies were trading mixed Tuesday, with prices wavering amid fragile investor sentiment following a selloff in the stock market on Monday. The price of Bitcoin rose slightly over the past 24 hours to $22,171, having moved as high as $22,700 on Monday. Bitcoin continues to hold…
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