Hong Kong is expected to announce lower stamp duties for certain property transactions in an effort to stabilize the economy and improve people's livelihoods, with a focus on stimulating the property market and addressing economic weakness caused by mass emigration and a national security crackdown.
Bitcoin surged by 11.5% to top $35,000, as anticipation grows for the launch of the first spot bitcoin ETF in the U.S. led by asset management giants BlackRock and Fidelity, which could potentially open the floodgates for a new era of bitcoin investment options.
Investors are expected to remain jittery due to earnings reports, economic data, and the Israel-Hamas conflict, while bitcoin prices reach an 18-month high.
Tensions in the Middle East, including the war in Gaza and Russia's gas cutoff to Europe, could drive a faster transition to renewable energy sources and away from fossil fuels, according to the head of the International Energy Agency.
The US dollar weakened against a basket of currencies as Treasury yields fell, while attention turned to upcoming US economic data ahead of the Federal Reserve's monetary policy meeting.
The escalating conflict between Israel and Hamas, with the potential for involvement from other Arab states and Iran, could have significant implications for global oil and gas markets, with parallels being drawn to the 1973 oil crisis.
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The rate of home deal cancellations has reached its highest point in a year as high mortgage rates and prices cause buyers to withdraw from contracts, with cities in Florida experiencing the highest cancellations.
NIO Inc.'s stock closed at $7.59, showing a slight increase compared to the prior day, while the company's upcoming earnings release and analyst estimates for the quarter are garnering attention from investors.
Palantir Technologies Inc. (PLTR) closed the latest trading day at $16.20, outperforming the S&P 500, ahead of its upcoming earnings disclosure with positive estimates for both EPS and revenue growth.
Supra, a provider of secure oracles for decentralized applications (dApps), has partnered with Google Cloud to offer real-time price feeds to Web 2 and Web 3 financial markets, enabling dApps to build more reliable and efficient trading applications.
Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were little changed ahead of Tuesday's open as the stock market correction deepened with the Dow Jones Industrial Average dropping nearly 200 points.
Big tech giants Amazon, Apple, Microsoft, Meta, Alphabet, Tesla, and Nvidia dominate the stock market, representing almost 30% of the S&P 500 market cap, while investors anticipate their third-quarter earnings reports.
Microsoft and Alphabet are set to report earnings this week, with investors hoping for positive reports to lift the market.
The Dow fell on Monday due to weakness in energy and financials, despite a rally in tech and a reversal in Treasury yields, ahead of a busy week for corporate earnings.
Apple is shifting its strategy in the film industry by focusing on theatrical exclusive titles, such as "Killers of the Flower Moon," to attract subscribers to its streaming service Apple TV+, while taking advantage of the post-pandemic bounce back in box office revenue and the ongoing actors' union strike.
Australia's power market, specifically its National Electricity Market (NEM), is experiencing the highest level of volatility in the world due to unexpected supply losses and transmission line issues, leading to significant price fluctuations, according to a study by Rystad Energy. To address these challenges, Australia needs to invest in storage solutions and enhance transmission infrastructure.
Lucid Group Inc., a competitor of Tesla, believes there is enough opportunity in the EV market as internal combustion engines fade away, despite struggling sales and high pricing for their vehicles.
Arista Networks, Nvidia, Meta Platforms, and Cisco Systems are among the top AI stocks that have earned a spot on IBD Leaderboard, but they are facing challenges in the market due to factors such as rising bond yields and geopolitical turmoil. While these stocks have felt the impact of the market correction, their underlying institutional demand remains intact. Arista Networks is working to trade above its 50-day moving average, and upcoming earnings reports for Meta and Arista will impact their outlook. Despite the market correction and uncertainty, gradually establishing and adding to positions in these stocks is considered a lower-risk approach for investors.
The House Financial Services Committee has announced the postponement of two subcommittee hearings on October 24, 2023, titled "Examining the SEC's Agenda: Unintended Consequences for U.S. Capital Markets and Investors" and "The Tangled Web of Global Governance: How the Biden Administration is Ceding Authority Over American Financial Regulation."
Investors are advised to adopt a defensive position by increasing their allocation to defense equities, dividend growers, and the global infrastructure sector in order to reduce volatility and capture potential returns from a recovering market, according to Nuveen.
The coronavirus pandemic has led to a decline in stock and bond markets, causing losses for investors and highlighting the importance of disciplined investing and avoiding irrational exuberance.
Hedge fund manager Bill Ackman's three tweets caused a significant impact on the U.S. Treasury market, resulting in a rebound and potential long-term decline in yields.
The S&P 500 experienced a 2.4% decline last week, marking a 7.9% decrease from its high-water mark in July 2023, while bitcoin remains down 48% from its peak in October 2021, and solar energy stocks faced a significant setback due to rising interest rates.
BlackRock strategists believe that U.S. corporate earnings will remain stagnant in the third quarter, despite hopes of positive growth, highlighting an earnings plateau in U.S. stocks and the continued dominance of major technology stocks in driving equity gains.
A new report from the U.S. Department of Agriculture (USDA) highlights barriers and opportunities for farmers to participate in carbon markets and generate income through carbon credits as part of efforts to combat climate change.
The latest trade data from the CFTC shows a significant short-covering in the gold and silver markets, with analysts warning that the gold market was ripe for a short squeeze rally, while silver is now in net-long territory after weeks of being bearish.
A new online store called Baddhi Shop has been offering inauthentic metrics, such as GitHub stars and Product Hunt upvotes, for sale, but investors and experts warn that while these metrics may help startups get initial attention, they are not reliable indicators of success.
The stock market made a strong rebound with the Nasdaq erasing its losses and the S&P 500 regaining its 200-day moving average, while major tech stocks like Apple, Meta Platforms, Microsoft, and Nvidia showed impressive strength. Despite the rebound, the stock market still faces risks from geopolitical tensions in the Middle East and major earnings reports from tech giants like Microsoft, Meta, Google-parent Alphabet, and Amazon.com. Additionally, there was significant merger and acquisition activity in the market, including Chevron's acquisition of Hess and Roche Holding's purchase of Telavant.
Rockingdeals Circular Economy Ltd (RDCEL) plans to expand its presence in the northeast region and newer markets as it prepares for its initial public offering (IPO) worth Rs 25 crore.
The Boise housing market in 2023 shows a moderation in home prices compared to previous years, but inventory continues to decline, leading to concerns of a housing market crash.
Stifel strategists believe that the S&P 500 won't surpass 4,400 until the second quarter of 2024 due to high price-to-earnings ratios, modest earnings projections, and pressure from 10-year U.S. Treasury yields.
Piper Sandler strategist Craig Johnson suggests that the S&P 500 is oversold and has room to rally by 14% this year, despite various headwinds such as high interest rates and geopolitical uncertainty.
Stocks were mixed on Monday as investors grappled with rising Treasury yields and uncertainties in the market, while awaiting earnings reports from Big Tech companies.
Chevron Corporation has agreed to acquire Hess Corporation in a $53 billion all-stock deal, solidifying its dominance in the U.S. oil industry and gaining a significant stake in Guyana.
Most Latin American stocks recover from early losses, while Argentine assets decline following a surprise election outcome sparking political uncertainties, with Argentina's sovereign dollar-denominated bonds tumbling after Sergio Massa emerged as the frontrunner in Sunday's election.
Stocks are currently on the defensive, but this temporary setback provides income-seeking investors with an opportunity to consider three dividend stocks - KeyCorp, Unilever, and BlackRock - that have resilient businesses and steady revenue growth.
Nvidia currently dominates the AI chip market, but faces increasing competition from traditional semiconductor rivals like AMD and Intel, as well as tech giants such as Microsoft and Alphabet.
Chinese stocks have erased all gains from the past 4½ years, the yuan has weakened, and foreign investors are pulling money from Chinese markets, causing concerns about the country's economic growth.
WTI crude oil prices rise due to tensions in the Middle East, US steel mills increase prices for flat-rolled steel products, and mild Southeast weather may push natural gas prices down.
China's capital flight has surged, with nearly $54 billion sent overseas on behalf of banking clients, putting pressure on the yuan and exacerbating the country's economic struggles.
Stocks fell on Monday morning as the benchmark 10-year Treasury yield briefly rose above 5%, with investors accepting that interest rates will remain higher for a longer period of time. The market is also being affected by the ongoing sell-off in bonds and concerns about escalating Middle East hostilities, while waiting for Big Tech companies to report earnings.
Miami-based startup Visible, founded by Andrew Borovsky, aims to make real estate transactions more efficient and less expensive by providing a financial network and operating system for the industry, with a focus on empowering smaller-scale investors and landlords through innovative tools, such as its Rent App that allows renters to build credit by reporting on-time payments to credit bureaus.
Investors are cautious and sidelined due to increasing uncertainties surrounding Israel-Gaza, Washington, rates, and earnings season, but markets often bottom on bad news.
The text provides a schedule of shows airing on Fox Business Channel, Fox News Channel, and Fox News Radio, along with a live stream of Gaza as Israel ground invasion looms.
Fisker cuts prices on its high-end Ocean Extreme SUV in response to a slowdown in electric-vehicle demand and competition from Tesla, while also raising prices on its lower-priced variants.
An "extremely bearish" pattern has formed on the Magnificent 7 stocks' combined price chart, fueling fears of a selloff and raising concerns about the over-concentration of investment flows in Big Tech stocks.
Chevron is acquiring Hess Corp. for $53 billion, marking a significant acquisition in the energy sector as oil prices surge amid geopolitical tensions, with Chevron also gaining access to valuable oil fields in Guyana and the Bakken Formation in North Dakota.
Stocks start the week in the red as bond yields surge, tech earnings and the Israel-Hamas conflict are in focus, and the market's fear gauge rallies.