SoFi Technologies, Inc. ended the latest trading session with a slight increase, while outperforming the S&P 500, and is expected to release its earnings with projected revenue and EPS growth compared to the previous year. Analyst estimates and the Zacks Rank suggest potential stock price performance, and the Technology Services industry ranks in the top 35% of all industries.
The total market capitalization of the cryptocurrency market reached over $1.55 trillion, with Bitcoin and Ether experiencing significant gains, but retail demand remains stagnant due to concerns about basic needs and inflation.
Shares of Dow Inc. fell 1.84% on Tuesday, marking the stock's second consecutive day of losses.
Cboe Global Markets, Inc. reported its trading volume statistics for November 2023, including a new single-day volume record in S&P 500 Index options and a monthly ADV record for Cboe SEF.
The markets are pricing in significant interest rate cuts next year, but a strategist from BlackRock Investment Institute believes the bets are "overdone" and expects the Federal Reserve to cut rates in the second half of the year, with fewer cuts than anticipated. They argue that aggressive cuts could lead to further inflationary pressure and that central bankers are uncertain about what will happen next year. The Fed's unpredictable path could result in more volatility, particularly in the bond market.
The EUR/USD has declined for a fifth consecutive day as risk-off sentiment pushes investors into safe havens, with the Euro down against the US Dollar despite positive Eurozone economic data.
The stablecoin market cap has expanded for the first time since May 2022, led by Tether's USDT, reaching a record high of nearly $90 billion, indicating improving liquidity and increased capital entering the cryptocurrency market.
US stocks closed mixed on Tuesday after job openings in October pointed to slowing demand in the labor market, with tech stocks leading the gains.
Apple's shares surpass the $3 trillion mark for the first time in months.
India's sensex and Nifty reached new all-time high levels for the third consecutive session, driven by strong gains in stocks and foreign fund buying, adding Rs 3.1 lakh crore to investors' wealth.
Saudi Arabia's reduction in crude selling prices to Asia and the expectation of record US crude exports indicate that oil supplies are exceeding demand, raising doubts about the effectiveness of OPEC+ production cuts.
The diminished use of the Federal Reserve's overnight reverse repo facility suggests increased confidence in the Fed's rate hikes and rising market liquidity, which could boost liquidity in the Treasury market and ease the 10-year Treasury yield.
NAND flash revenue is on the rise thanks to production cuts and increased demand, with a 3% increase in Q3 and an expected 20% rise in Q4, but this could lead to higher prices for consumers.
Stocks were trading mixed on Tuesday as investors adjusted their expectations for interest rates, with Tesla, PayPal, Charter, and more being the most active stocks of the day.
Apple's stock is up 2% and close to reaching a $3 trillion market capitalization, possibly boosted by positive reports on its App Store revenue and sales from one of its suppliers, Foxconn.
Bitcoin's price has reached multi-year resistance at $44,000, putting pressure on bears and increasing the chances of reaching the $48,500-$50,500 range pre-halving, while the likelihood of a retracement to $30,000 is slim.
The Boston Celtics, despite being an elite team in the NBA, are looking to make improvements to their roster and are likely to explore trades before the February deadline.
US stocks dropped in afternoon trading on Tuesday following fresh jobs data, with the tech sector trading flat and doubts emerging about the Federal Reserve's rate hike pause; meanwhile, a cooling labor market and credit downgrade for China added to the market concerns.
The Bank of Montreal has launched an exchange-traded product called MAX S&P 500 4X Leveraged Exchange Traded Note, which allows investors to place massively leveraged bets on the S&P 500, offering daily returns four times that of the S&P 500 Total Return Index, potentially raising concerns about the stock market becoming more like a casino.
Apple stock is on track to close with a market capitalization above $3 trillion.
The US Federal Reserve is expected to cut interest rates in early 2024, but policymakers are cautious and believe it is premature to discuss rate cuts until there is further evidence of inflation cooling down, despite both the markets and the Fed agreeing that short-term rates will eventually decrease in 2024.
Five Birmingham-area farmers markets, including The Market at Pepper Place, offer a variety of locally grown produce, food vendors, artisans, live music, and cooking demonstrations.
Private loans are now the biggest source of opportunity for investors, according to Apollo Global Management CEO Marc Rowan, who argues that active management has largely failed to outperform the market and that beating public markets is becoming increasingly challenging due to their interconnectedness.
The rally in U.S. Treasuries continues as job openings fall, leading to increased rate cut expectations and hopes of a soft landing, while Wall Street's major averages remain mixed after a five-week winning streak.
Hong Kong-based crypto exchange Hashkey plans to launch its market maker project in December 2023, allowing individual and enterprise market makers to provide liquidity on the platform in exchange for commission rewards based on trading volume.
Eli Lilly's weight loss medication, Zepbound, is now available for obese and overweight adults in the U.S., offering a new treatment option with potential for significant weight loss.
Asian stocks continued to decline as concerns over a slowdown in the Chinese economy persist, with Hong Kong's Hang Seng reaching its lowest level in over a year and the Shanghai Composite also experiencing losses.
Medtronic and Alphabet are two stocks that could potentially provide solid returns in the current or future bull market, with Medtronic benefiting from its reliable business in the medical devices industry and alphabet from its leadership in various high-growth sectors such as cloud computing and AI.
Shares of cryptocurrency miner Phoenix Group (PHX) surged 35% on their first day of trading on the Abu Dhabi Securities Exchange (ADX) following their oversubscribed IPO.
Alaska Air Group's $1.9 billion deal to acquire Hawaiian Holdings is met with investor panic and a drop in stock value.
Despite OPEC+ members insisting that production cuts will tighten the oil market, macroeconomic factors continue to impede oil prices, with weak macroeconomic data limiting the upside, and a rebound in US refining could potentially trigger bullish momentum.
Next year, the US housing market is expected to experience shakeups including an increase in home sales, a decline in home-buying fees, a rise in popularity of renting, and a wave of "boomerang migration" as workers return to more affordable areas.
Goldman Sachs warns that trend-following funds could sell off over $200 billion in exposure to global stocks if the market experiences a pullback, potentially endangering the recent rally in the S&P 500.
PayPal's new native stablecoin, PayPal USD (PYUSD), has generated debate about its impact on payments and broader crypto adoption, with some cautioning about the hurdles and limitations that could slow down its adoption, although others see it as a significant step toward accepting cryptocurrencies in regular finance.
Wall Street hangs near a 20-month high as reports of mixed economic data raise questions about the U.S. economy's ability to balance inflation and avoid a recession.
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Amwins has released its State of the Market report, which provides market intelligence on rate fluctuations, capacity, and coverage trends across various industries, offering valuable insights for agents and brokers navigating the current market conditions.
2024 is expected to be the year the US dollar weakens, with the Australian dollar and Norwegian krone projected to outperform, while European currencies are predicted to lag behind.
Stocks were poised for another day of losses on Tuesday as investors adjust their expectations for interest rates, with Treasury yields falling and oil prices rising, while the U.S. jobs report for November looms as a major catalyst.
Wall Street analysts expect a Santa Rally in the stock market to continue into 2024, with the S&P 500 potentially reaching 4,700, but renowned stock watcher Jeremy Siegel warns that the Federal Reserve's focus on inflation could hinder this growth, emphasizing the need for flexibility in their approach and cautioning against rate hikes.
Analysts predict that the stock market's bullish signals and the S&P 500's climb to 4700 could continue into 2024, but caution that the Federal Reserve's commitment to its 2% inflation target could hold back the Dow Jones from reaching an all-time high.
Green hydrogen, produced using sustainable methods and able to store energy, could be a solution to Europe's future energy security, as the region seeks to reduce its reliance on hydrocarbons from Russia following the invasion of Ukraine.
The recent rally in U.S. stocks may be a warning sign of overbought levels, potentially leading to a payback in early 2024, according to Oppenheimer Asset Management.
Stocks were set for another day of losses as investors adjust their expectations for interest rates.
Smaller US stocks are making gains as the S&P500 takes a breather from last week's rally, while Moody's decision to cut the outlook for China's sovereign credit rating adds pressure to the underperforming market there, resulting in a five-year closing low for the benchmark stock index.
Global markets experienced mixed results, with Japan and Hong Kong seeing declines, while China, India, Paris, and Frankfurt saw gains.
The London Stock Exchange Group has resumed regular activity after a brief outage disrupted small-cap stock trades, the second incident of its kind in less than two months.
The total value locked (TVL) in decentralized finance (DeFi) protocols has reached $50 billion due to rising asset prices and fresh inflows, with a $15 billion increase in the past six weeks, while Solana-based protocols have seen a significant surge in TVL, with some experiencing growth of up to 120%.
LinkedIn's annual "green skills" report reveals a growing demand for sustainable economy-related skills, outpacing the number of people with these skills.
The global oil and gas pumps market is projected to reach USD 10.9 billion by 2028, growing at a CAGR of 4.7% during the forecast period, driven by the increasing demand for oil and the discovery of new oilfields.