Wall Street is awaiting the Federal Reserve's decision on whether the market's expectations of aggressive rate cuts are overdone, with traders looking for signals on future monetary policy.
Major financial groups are predicting that the S&P 500 will reach 5000 points or more in 2024, with some banks, like Bank of America, changing their previously flat stock predictions for the year.
Starbucks's stock value has declined by about 9 percent, resulting in a loss of $11 billion in market cap, which may be attributed to factors such as falling foot traffic, slower sales growth, allegations of mishandling worker relations, and the controversy surrounding the Israel-Hamas war, although it is challenging to determine the exact impact of these issues.
J.P. Morgan Research predicts a soft landing for the global economy in 2024, but warns of a challenging year for equities due to fading tailwinds, geopolitical risks, and expensive valuations, with a 60% chance of a recession by the first half of 2025; the research also provides forecasts for various markets, including interest rates, oil prices, metals, and FX rates.
The Euro is trading flat against the USD as Eurozone Industrial Production and US PPI figures disappoint, and all eyes are on the Federal Reserve's last rate call of the year.
Apple is expected to reach a $4 trillion market cap by the end of 2024 due to strong iPhone 15 sales, rising average selling prices, and steady growth in Services revenue, according to Wedbush analyst Dan Ives.
The Boston Celtics and Milwaukee Bucks are expected to wait until after the 2024 trade deadline to make significant roster improvements, focusing instead on the buyout market, with the Celtics seeking a quality rotation player and the Bucks needing better perimeter defense.
The Securities and Exchange Commission has approved a new rule aimed at increasing the share of government-debt trades that are centrally cleared, in an effort to add stability to the market for U.S. Treasury bonds and avoid a potential debt crisis.
US stocks traded higher on Wednesday, aiming for fresh 2023 highs, as investors awaited the Federal Reserve's last interest rate decision of the year, with the focus on signs of an end to rate hikes and potential rate cuts in 2024.
Argentina's government allowed the peso currency to plunge over 50% to 801 per dollar as part of President Javier Milei's plans to revive the country's struggling economy, which includes drastic economic reforms and spending cuts.
US stocks were in a mixed state as investors awaited the Federal Reserve's interest-rate decision, with the Nasdaq Composite gaining 0.4% while the S&P 500 and Dow Jones Industrial Average remained flat; attention is on the Fed's comments regarding the potential end to interest-rate hikes.
Goldman Sachs predicts that housing starts and home prices will increase, while existing home sales will remain stagnant, and the Federal Reserve is expected to achieve a soft landing and avoid a recession in 2024.
The global wind turbine castings market is projected to reach $3.4 billion by 2030, growing at a CAGR of 6.9%, with horizontal axis turbine castings and on-shore wind turbine castings leading the market.
Asian equities were mixed as investors await the Fed policy meeting, while Mainland China and Hong Kong stocks fell due to underwhelming economic policy releases.
Celsius Holdings, an energy drink company, has seen its stock go down 30% in the past few months, prompting the question of whether investing $1,000 in the company is a wise decision.
New data revealing a downturn in the UK economy has raised expectations for the Bank of England to lower interest rates next year, with money markets pricing in 100 basis points of cuts for 2024.
The Federal Reserve is expected to keep interest rates unchanged in its upcoming monetary policy announcement, while market participants will be looking for clues on future rate hikes or cuts. The decision is unlikely to have a significant impact on financial markets, but the Fed's economic projections and statements could influence risk appetite and the US dollar.
ACM Research demonstrated remarkable improvement in gross margin and operating margin, positioning the company for sustained growth in the semiconductor industry. Iris Energy's expansion plans and growth in mining operations showcase its potential for scaling its operations effectively. Super Micro's growth strategy focuses on geographical expansion, with the U.S. being its primary revenue driver, while Asia and Europe present opportunities for market expansion and revenue growth.
Bitcoin (BTC) recovered above $41,000 as eyes focused on the Federal Reserve's decision on interest rate changes, while data releases showed strength in BTC price and declining inflation.
Many Hungarians and tourists visiting Hungary are finding the prices at the country's famous Christmas markets to be unaffordable due to a cost-of-living crisis, with food items such as goulash soup, stuffed cabbage, and hot dogs being particularly expensive.
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The 2024 Capital Markets Forecast from Wilmington Trust highlights the adaptability and resilience of the U.S. economy in the face of challenges, while also identifying potential risks that could impact economic growth.
The market is focused on the upcoming FOMC meeting and its economic projections, which could impact interest rates and lead to potential volatility in trading.
Pfizer expects lower-than-expected sales for its COVID-19 vaccine and treatment in 2024 due to weaker demand, leading to a decline in its stock price.
Gareth Soloway offers an opportunity to enhance trading strategies and increase profits through his Game Plan Trading Series and live YouTube sessions analyzing key charts and data sets.
Female founder Sylvana Sinha faced significant challenges in raising institutional funding for her healthcare company, Praava Health, in Bangladesh, highlighting the lack of funding available to female entrepreneurs in emerging markets. Despite steady revenue growth, Sinha has been unable to secure institutional investment, hampering her ability to scale and expand to other markets.
MicroStrategy's stock surged in 2020 due to its decision to hoard Bitcoin, but its aging software business and high debt-to-equity ratio may make it vulnerable to market volatility and a target for bears if the market crashes again.
Stock splits tend to happen after substantial share price appreciation, and companies like Amazon, Alphabet, Nvidia, Palo Alto Networks, Shopify, Tesla, and The Trade Desk, all of which have recently split their stocks, have outperformed the S&P 500 in the past five years, with Alphabet being particularly attractive due to its affordable stock price and growth prospects in digital advertising and cloud computing.
European stocks and the FTSE 100 are trading higher as investors prepare for central bank decisions this week, starting with the US Federal Reserve, while US stocks also gained ahead of the latest rate announcement.
The global Dental Equipment & Consumables Market is projected to reach US$ 62.72 billion by 2031, with a CAGR of 6.8% during the forecast period, driven by increasing awareness of oral health, advancements in dental technologies, and a growing emphasis on cosmetic dentistry.
The global thermal management system market is projected to reach USD 85.49 billion by 2030 with a CAGR of 6.0%, driven by the growing demand for electric vehicles and consumer electronics.
Most Asian stocks and currencies declined, with Thai stocks reaching a three-year low and the Philippine peso and Malaysian ringgit hitting a near one-month low, as investors awaited the U.S. Federal Reserve's final policy decision and its monetary easing timeline.
Asia-Pacific markets are poised to extend gains, with positive Tankan survey results in Japan expected and a U.S. Federal Reserve interest rate decision looming; meanwhile, U.S. stock indexes reached new 52-week intraday highs, and U.S. crude oil prices dropped over inflation concerns.
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Exxon Mobil's stock price closed lower by 1.58% in the latest trading session, lagging behind the S&P 500's daily gain, and the company's upcoming earnings disclosure is eagerly awaited by investors.
Pfizer (PFE) ended the latest trading session with a slight decrease, while the stock has dropped 1.17% in the past month, falling behind the Medical sector's gain; investors are eagerly waiting for the company's upcoming earnings release.
US consumer prices rising in November has led to emerging-market currencies erasing their early gains, as investors anticipate the Federal Reserve to maintain higher interest rates; however, South Africa's rand has been a strong performer amidst the currency movement.
Bitcoin's recent price correction and liquidation of leveraged long futures did not dampen investor optimism, as Bitcoin derivatives metrics remain positive and options skew remains balanced, suggesting that further gains are still possible.
Stocks rebounded and closed near all-time highs as inflation continued to slow in November, with the Nasdaq rising 0.7% and the S&P 500 rising 0.5%—just 3% away from an all-time high.
The median price of single-family homes in Northeast Florida increased over 5% and sales dropped over 16%, making homes in the region historically unaffordable, according to a report from the Northeast Florida Association of Realtors.
Oracle's quarterly revenue and cloud revenue growth, Cava's IPO share lockup expiration, Moderna's Chief Commercial Officer stepping down, and falling crude oil prices were among the trending tickers on Yahoo Finance. Meanwhile, the Federal Reserve's expected interest rate pause has prompted investors to consider stocks over cash, while inflation data for November showed moderated price pressures in the US economy.
JPMorgan's top energy strategist predicts that oil demand will never peak in our lifetime due to strong emerging market demand that is currently invisible, creating tightness in the market in upcoming years.
Lawmakers are considering banning large real estate investors from purchasing single-family homes, with some arguing that housing should be a right rather than a speculative commodity, while others, such as Kevin O'Leary, believe that such interference in the housing market is a very bad idea that will have negative consequences.
Automakers have been increasing the range of their electric cars, and here are 11 favorites with over 250 miles of range, including options from Porsche, Maserati, Genesis, Volvo, Volkswagen, Polestar, BMW, Mercedes-Benz, Rivian, Cadillac, and Lucid.
The yield on the 10-year Treasury is expected to go down due to positive sentiment surrounding inflation and the anticipation of central banks lowering rates in the new year. The US consumer price index for November, along with policy decisions from the Federal Reserve and the European Central Bank, will test this enthusiasm. Investors are looking for reassurance that price pressures are easing to justify future rate cuts.
The global decentralized finance technology market is expected to reach a valuation of US$ 919.8 billion by 2034, with Australia's market projected to grow at a rate of 31.9% until 2034, driven by the integration of decentralized finance in gaming and the intersection of DeFi and NFTs.
The functional beverages market is projected to reach $277 billion by 2033, with energy drinks accounting for a significant portion of the revenue, and the three largest functional beverage companies in the U.S. are The Coca-Cola Company, PepsiCo, Inc., and Monster Beverage Corporation.
The USD/JPY pair is trading lower at the 145.55 level as market participants analyze the US Consumer Price Index (CPI) data, which showed a decrease in inflation and could impact future Federal Reserve monetary decisions. US bond yields are also falling prior to the Fed's interest rate decision.
OPEC+ is expected to gain more control over crude markets in 2024 and can increase production in the second half of the year, according to energy research firm FGE.
The stock market is predicted to experience a significant drop in the first quarter of 2024 due to a mild US recession, presenting a potential buying opportunity for investors before a later rally, according to Evercore ISI's Julian Emanuel.