Brent crude oil surpasses $80 resistance level amid rising tensions in the Middle East and continued Houthi attacks on Red Sea shipping, sparking concerns of potential disruptions to the energy trade.
Robinhood Markets (HOOD) saw an increase in its Relative Strength (RS) Rating to 92, indicating market leadership and potential for a significant rise.
Millions of barrels of Russian oil bound for India are stranded at sea, with sanctions on sellers moving Russian crude potentially playing a role in the delayed deliveries.
FedEx shares fell 10% after the company's disappointing forecast, which predicts a decline in revenues for next year; the struggles at FedEx are primarily due to its internal challenges rather than the global economic recovery.
Major shippers are rerouting their vessels to avoid the Red Sea due to daily attacks by Houthi rebels, leading to concerns about supply chain disruptions, increased petrol prices, and a spike in oil prices.
AMD stock is trading at a 10% discount but is still overvalued, with high expectations for growth in the AI chip market and data center revenues, making it less compelling for investors.
Federal Reserve officials are urging caution as the financial markets surge over the prospect of interest rate cuts next year, with some officials suggesting that the market's reaction may be overly enthusiastic.
After a successful year for Wall Street in 2023, with record highs in various indices, top-performing ETFs such as Valkyrie Bitcoin Miners, MicroSectors FANG+, iShares U.S. Home Construction, Fidelity Blue Chip Growth, and SoFi Social 50 may continue to thrive in 2024 if current trends persist.
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The Economist provides a wide range of news and analysis on current topics including Israel and Hamas, the war in Ukraine, climate change, the Biden presidency, and artificial intelligence.
The voluntary carbon market is in turmoil as scandals, lack of transparency, and doubts about the effectiveness of offsets have led to a crash in prices, but efforts are being made to reform the market in order to attract corporate buyers and reach a market value of $50 billion by 2030.
The Federal Reserve may have to start cutting rates earlier than anticipated in order to align with market expectations, according to Citi economists.
Solana has surpassed XRP to become the fifth largest cryptocurrency by market capitalization, driven by high activity, interest, and airdrops within the SOL ecosystem, with analysts predicting a second rally for SOL.
FedEx shares dropped 10% after a disappointing forecast, with the company expecting revenues to decline next year due to a "difficult demand environment" and ongoing challenges in integrating its business units, raising doubts about its structural change and cost structure.
The USD is up, crude oil is up, the 30-year T-Bond is trading higher, the S&P 500 emini ES contract is lower, and gold is trading lower, indicating a lack of correlation in the market.
Renowned market watcher, Harry Dent, predicts that the massive bubble in stocks, housing, and crypto will burst in 2024, resulting in catastrophic consequences and a crash similar to the Great Depression.
Prices in the UK have fallen more than expected, indicating a global trend of disinflation, which has led to questions about the duration of inflation and its impact on the stock market.
Microsoft is facing scrutiny over its market power and partnership with OpenAI, with regulators examining the nature of their investment and questioning the level of control Microsoft has over OpenAI.
Jeremy Grantham, cofounder of GMO, warns that stocks are in a "superbubble" and attributes investors' inability to spot bubbles to humans' inherent optimism, short-sightedness, and Wall Street's incentive to be bullish.
Shares of FedEx fell 10% after disappointing results and a bleak outlook, primarily due to problems in its Express delivery business and reduced demand from the U.S. Postal Service, prompting price-target cuts from Wall Street analysts.
Futures indicate a possible pullback on Wall Street after a surge in stocks driven by expectations of early-2024 interest rate cuts; FedEx shares dip after reducing revenue outlook, and Toyota suspends Daihatsu shipments amid safety test scandal; China keeps loan prime rate at record lows to support post-pandemic recovery; Oil prices rise as traders monitor geopolitical situation and digest unexpected build in US inventories.
Investors are buying FTX bankruptcy claims in the hopes that new leadership will recover the money misappropriated by the founder, creating a trading frenzy in the aftermath of the cryptocurrency exchange's collapse.
The Indian stock market experienced a major dip of 900 points, falling below the historic 71,000 mark, due to factors such as the decline of bank, metal, and auto stocks, the rise in Covid-19 cases, and the offloading of Indian shares by Foreign institutional investors (FIIs).
The semiconductor industry could witness a rising Nvidia-AMD rivalry in 2024 as demand for artificial intelligence chips increases, with Nvidia currently dominating the market but AMD gearing up to challenge for market share.
Wall Street's rally slows down as disappointing company profits offset unexpected economic strength.
The Investor's Business Daily is introducing a new tool called Stock Market Exposure that provides more guidance and insight on how much of an investor's portfolio should be invested in stocks, with five different exposure levels based on market conditions, allowing for greater flexibility in risk management.
Oil prices stabilize as unexpected stockpile build raises concerns about market tightness in 2024, while geopolitical unrest in the Middle East keeps prices at two-week highs.
The global compression wear and shapewear market is projected to grow from USD 5.63 billion in 2022 to USD 10.27 billion by 2032, with Asia-Pacific expected to experience the highest growth rate.
Increased distillate production and slowing economic activities have led to rising diesel stocks and falling prices, as weak manufacturing activity in the U.S. and Europe contributes to reduced diesel demand, although geopolitical tensions near the Red Sea pose a potential threat to diesel supply chains and market stability.
Asia markets rose as Japan's central bank maintained its ultra-loose monetary policy and Wall Street's rally continued, with the S&P 500 approaching a record high and the Dow Jones Industrial Average notching its ninth consecutive gain. Meanwhile, China's central bank kept its benchmark lending rates unchanged for December. The S&P/ASX 200 in Australia also reached a 10-month high.
Pzena Emerging Markets Value Fund has increased its holdings in Chinese stocks, viewing the recent selling as overdone and presenting a value opportunity, with the fund's overweight position going against the consensus.
Analysts predict that Hong Kong's economy and property market will benefit from a rate-cut cycle as early as March, with the US Federal Reserve expected to start cutting interest rates next year.
Palantir Technologies Inc. (PLTR) closed the recent trading session at $17.95, showing a 0.62% increase from the previous day, outperforming the S&P 500's daily gain of 0.59%. The company's upcoming financial results are highly anticipated, with predicted earnings and revenue growth compared to the previous year.
Advanced Micro Devices (AMD) ended the trading session with a slight increase, outperforming the S&P 500, and its financial results are eagerly anticipated along with recent shifts in analyst projections.
JetBlue Airways stock rallied 1.60% on a favorable trading session, ending a two-day losing streak, but closed $3.74 short of its 52-week high.
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The shrinking value of the dollar is undermining the stock market's "real" prices and inflation-adjusting valuations is crucial to understanding the true state of the economy and investments.
Markets are currently making record profits, but there is uncertainty about how long this trend will last.
US stocks closed higher on Tuesday, with the Dow Jones Industrial Average climbing over 250 points, its fifth consecutive record close, as investor optimism for interest rate cuts outweighed cautionary signs from Federal Reserve officials.
A study led by Cornell researchers has shown that farmers can increase their profits at farmers markets by understanding customer behavior, such as the impact of credit card payments and the busiest times at the market.
The video playing is in picture-in-picture and various shows are scheduled on Fox Business Channel, Fox News Channel, and Fox News Radio throughout the evening, including "How America Works," "The Ingraham Angle," "Jesse Watters Primetime," and "Hannity," while a live stream of Trump's remarks can be watched after being disqualified from the 2024 ballot by the Colorado Supreme Court.
Chinese logistics platform Lalamove is expanding into Japan, leveraging AI-powered services to address the shortage of parcel delivery personnel in the country.
The pace of new home construction in the US surged in November due to a shortage of housing inventory and falling mortgage rates, with housing starts rising by 14.8% compared to the previous month, reaching the highest level since May. However, building permits fell slightly, and despite the increase in construction, there is still a significant shortage of housing to meet the demand.
The next bull market in the crypto industry is expected to be driven by factors such as Bitcoin's halving events, macroeconomic shifts, and new innovations, with Asia taking center stage as a crypto hub due to its thriving environment, government support, and enterprise adoption. However, it is predicted that the United States will regain its position as a driver of Web3 innovation after the next election, leading to a diverse and dynamic era in the crypto world.
The text provides a disclaimer regarding the information presented, stating that it should not be considered an offer or recommendation to buy or sell securities, and acknowledges that the authors may own the stocks mentioned; ownership and estimates data are provided by Refinitiv and FactSet respectively.
Walgreens will close a store in Milwaukee due to various factors including changes in buying habits and the dynamics of the local market.
Nvidia is a top stock to watch and buy, with strong earnings and a bullish rebound, making it a leader in the AI industry.
Major stock indexes, including the Dow Jones Industrial Average, reached new highs as the market remained strong, while mixed housing numbers for November did not significantly impact investor sentiment.
The San Francisco Giants are exploring the trade market for a potential upgrade at shortstop, potentially involving Joey Bart, young pitchers, and outfield talent, due to the uncertainty of Brandon Crawford's free agency and the inexperience of their current options at the position.