Surging U.S. oil production and geopolitical tensions have boosted American crude exports to record-high levels, with Europe and Asia becoming key markets for U.S. oil as refiners seek alternatives to Russian and Venezuelan crude.
Geopolitical tensions in the Middle East and OPEC+ production cuts are pushing crude oil prices higher, but KPMG Global Head of Clients & Markets Regina Mayor predicts a bearish outlook and does not anticipate a three-digit oil price anytime soon.
NextEra Energy's stock (NEE) has shown a slight decrease in the latest trading day, with the company's upcoming earnings report projected to show a decline in earnings and revenue compared to the previous year, while its stock is currently ranked as a 'Hold' according to the Zacks Rank system.
Medical Properties (MPW) ended the recent trading session at $4.25, showing a slight decrease from the previous day's closing price, and investors are eagerly awaiting the company's upcoming earnings disclosure.
McDonald's closed at $275.54, marking a -0.79% move, and is set to release its earnings on April 30, 2024, with projected EPS of $2.71 and revenue of $6.18 billion.
Citigroup closed at $61.69, down 1.83% from the previous day, with the company's upcoming earnings release generating interest among market participants.
Tesla's stock experienced a slight gain of +1.05%, outpacing the S&P 500, but has seen a decrease of 7.81% over the last month, and analysts project a significant downward movement in the company's earnings.
Palo Alto Networks' stock prices decreased by 1.41% in the latest market close and has dropped by 6.09% in the past month, with the upcoming earnings release being closely watched.
Qualcomm's stock price increased by 1.68%, outperforming the S&P 500, and the company's upcoming earnings release projects a 7.44% increase in EPS and a 0.19% rise in revenue compared to the same quarter last year.
The labor market in the US has been thriving, partially due to rising immigration levels, according to RSM Chief Economist Joe Brusuelas, who argues that the contribution of both legal and undocumented workers to the labor supply is being underestimated. He predicts that industries such as hospitality, manufacturing, and others will continue to rely on immigrant workers, but emphasizes the need for a more mature conversation about immigration policy and the vital role immigrants play in the labor force.
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Apple is reportedly exploring the home robotics market, with projects in early stages and no guarantee of commercial products.
Dow Jones futures, S&P 500 futures, and Nasdaq futures edged higher after hours despite mixed economic data and the Fed Chief reiterating no change to rate cut outlook, while several stocks, including Meta Platforms and Hubspot, flashed buy signals, and ELF Beauty suffered a major sell-off after Ulta Beauty warned of weak demand.
Cboe Global Markets reported its trading volume for March 2024, with various business lines experiencing changes in average daily trading volume compared to previous periods.
Investors should expect turbulence ahead as inflation fears and delayed Federal Reserve rate cuts could push long-term bond yields higher and affect equity markets, according to Yung-Yu Ma, BMO Wealth Management's chief investment officer. Higher oil prices, strong economic growth, and mixed earnings results are contributing to a "bifurcated market" where some companies thrive while others struggle. Ma warns that the stock market's recent gains may need time to digest and that investors should pay attention to signs of greater inflation in the pipeline.
US stocks were little changed Wednesday as Federal Reserve Chair Jerome Powell reiterated the Fed will likely cut interest rates this year amid inflation's "bumpy" path downward.
The stock markets shrugged off concerns about declining interest rate cuts and reversed early declines, boosted by a drop in the Institute for Supply Management's services measurement, while bond ETFs struggled due to fears of "higher for longer" and inflation gauges coming in higher than expected, providing potential buying opportunities in anticipation of rate cuts in the second half of the year, and the ADP report showing a larger-than-expected increase in private payrolls in March, indicating a strong jobs market.
Robert Kiyosaki, author of "Rich Dad Poor Dad," has a track record of making inaccurate stock market predictions, causing investors to miss out on significant gains by avoiding the market based on his advice.
The Federal Reserve is anticipating rate cuts later this year, leading to relief in the stock market, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite increasing; oil and energy stocks perform well while beauty and wellness stocks decline, and AI and chip stocks rebound.
Stock markets tend to perform best under split government, with one party controlling the White House and the other controlling Congress, regardless of who wins the presidential election.
Home prices in the Sun Belt region, particularly in the South, are at risk of falling due to overvaluation, but this doesn't necessarily indicate a real-estate crash is imminent, according to economists' analyses.
Canada's oil and gas sector faces an uncertain future as stock markets prioritize clean tech investments in the U.S., highlighting the need for Canada to become an attractive destination for clean tech investments in order to transition to a low carbon economy and ensure future prosperity.
Lucid Group Inc. has received a $1 billion investment from an affiliate of the Saudi Public Investment Fund, providing much-needed funding as the company faces significant losses and struggles to find new buyers in the competitive EV market.
U.S. stocks rebounded slightly after a sharp decline, with the S&P 500 gaining 0.1%, amid concerns over the possibility of fewer interest rate cuts from the Federal Reserve due to the strength of the U.S. economy and rising inflation.
Wall Street bull Ed Yardeni warns investors that despite the stock market's smooth ascent, turbulence lies ahead due to rising geopolitical tensions, weak company earnings, and a robust labor market that may prevent interest rate cuts.
The trade of receiver Stefon Diggs from the Bills to the Texans has caused a shift in the betting market, with the Texans' odds improving while the Bills' odds have slightly worsened.
Amazon is planning to reduce its office vacancies and save $1.3 billion by letting leases expire and ending the use of some floors in its current offices.
Iron ore prices fell to a ten-month low in April 2024 as a result of a warning from the China Iron and Steel Association about delayed steel demand recovery, prompting Chinese steel mills to take proactive measures to balance supply and demand in the domestic market.
Disney shareholders express concern over Elon Musk's potential involvement with the company, citing his volatile leadership and unpredictable market impacts, while the McWhorter Foundation criticizes Nelson Peltz's market manipulation strategies, both of which are seen as threats to Disney's long-established legacy and values.
The U.S. services industry growth slowed in March, while prices paid by businesses for inputs dropped to a four-year low, indicating a gradual moderation in inflation; however, labor conditions remain strong and skilled workers are still in short supply.
The global anticancer drug market is expected to grow steadily with a CAGR of 5.25% through 2029, driven by the increasing demand for advanced and effective anticancer drugs and innovations in cancer treatment, such as precision medicine and targeted therapies.
Tesla is launching a 0% interest loan program in China as a way to regain market share in the country's critical automotive market.
Ford's EV sales have increased by 86% in the first quarter of 2024, placing the company in second position in the US EV market behind Tesla, with the F-150 Lightning ranking as the top-selling electric pickup and the Mustang Mach-E as the second best-selling electric SUV; however, while Ford's EV sales are growing, the company is reducing EV initiatives and delaying investments in the sector.
Gold prices reached a new record high of $2,308.80 and silver prices hit a two-year high of $27.00 due to safe-haven demand and bullish charts, with geopolitical tensions in the Middle East and technical traders contributing to the rise.
The newly launched memecoin $IMARO, founded by Metin Redjepi, has gained attention and success in the Turkish market, embodying the cultural resonance and innovative technology of Turkish developers, with its value reaching an all-time high and market capitalization exceeding $3 million. The coin aims to unite the Turkish crypto community and challenge prejudices.
Major indexes rose as investors awaited Fed Chair Jerome Powell's speech, while Nvidia rebounded after an earthquake affected its foundry partner and Tesla fell further on analyst views.
The S&P Global US Services PMI for March showed weaker than expected growth, raising concerns about the Federal Reserve's interest rate cut outlook, although Chris Williamson, Chief Business Economist and Executive Director at S&P Global Market Intelligence, suggests that a rate cut in June is still possible due to robust growth and decent job growth indicators.
Disney will announce the results of a shareholder vote on board members, with activist investor Nelson Peltz expected to be defeated.
Rob Isbitts, founder of sungardeninvestment.com and etfyourself.com, shares insights on stock trends and offers advice to new investors in the first quarter.
The text contains the current and upcoming schedules for various shows on Fox Business Channel, Fox News Channel, and Fox News Radio.
The text discusses the current television schedule on Fox Business Channel, Fox News Channel, and Fox News Radio, including the shows and times for each channel, as well as a live stream of a White House briefing.
Intel's stock plummeted 6% after the company revealed a $7 billion loss in its chipmaking business for 2023, while the Dow Jones Industrial Average rose and the S&P 500 and Nasdaq composite made modest gains.
Steve Cohen, founder and CEO of Point72 Asset Management, dismisses concerns of an AI-fueled bubble in the financial markets and believes there is more room for growth, while stating that inflation reaching the Federal Reserve's target will be a challenge; he also suggests that the upcoming presidential election may have some impact on the markets, but not a significant one.
Spotify plans to increase prices by $1 to $2 a month in the UK, Australia, and Pakistan, and will introduce a new basic tier at the current premium plan price, according to Bloomberg News.
Stocks fall and bond yields rise as solid labor market data raises concerns about potential interest rate cuts and inflation, while traders await Jerome Powell's remarks for further policy clues.
Chinese manufacturers are producing an excess of solar panels, leading to a global oversupply that has caused prices to drop significantly, resulting in solar panels being used to line fences in various countries. US Treasury Secretary Janet Yellen will address this issue during her visit to China.
Bank of America predicts a potential stock market correction of up to 12% before a summer bull rally, citing historical weak months in April and May during Presidential election years, but maintains a long-term bullish outlook with a price objective of 6,150 and potential upside of 34%.
The foam insulation market in the United States is expected to grow at a CAGR of 6.8% through 2034, driven by factors such as population growth, urbanization, and economic expansion. The global foam insulation market is projected to reach a valuation of US$ 32.6 Billion in 2024, with a projected CAGR of 6.4% between 2024 and 2034, and a total valuation of approximately US$ 60.7 Billion by 2034.
The IBD Breakout Stocks Index for the new month and quarter features AI giants like Nvidia, Alphabet, Palantir Technologies, and Arista Networks, while also highlighting IPO Leaders including Duolingo, Kaspi, and Samsara, with the question of how these stocks will perform amidst market turbulence.
The second quarter is expected to bring increased volatility to various asset classes, with central banks likely to implement interest rate cuts, Bitcoin's upcoming halving event predicted to increase its value, and various geopolitical events affecting market performance.