The prediction markets indicate that former President Donald J. Trump has a good chance of winning the November election, and despite potential anomalies such as high inflation, the stock market remains unaffected.
### Summary Corrections in the stock market present buying opportunities for investors, and several stocks like Alphabet, Duolingo, Intuit, ServiceNow, Nvidia, Caterpillar, and Microsoft are worth considering during a market downturn.
After experiencing losses from investing in the stock market twice, the author decides to work with a financial advisor to increase their chances of success and avoid making the same mistakes again.
The US Dollar is gaining strength due to geopolitical tensions, risk-off sentiment in equity markets, and a widening rate differential, with more strength expected next week; European Central Bank members' calls for rate cuts have caused losses for the Euro; and the US Dollar Index is showing signs of potential resistance and support levels. The Banking Crisis of March 2023 resulted in insolvency for three US-based banks and had a negative impact on the US Dollar but a bullish effect on Gold.
Comex gold futures' 5-minute bar chart provides valuable analysis and trading signals for intra-day traders, including moving averages and support/resistance levels, available exclusively at Kitco.
Institutional investors, including hedge funds and private equity firms, are rapidly acquiring single-family housing units, leading to a shortage and making home ownership increasingly unattainable for many Americans.
Housing prices and mortgage rates are increasing in the US due to higher inflation, which could pose challenges for the economy during the presidential election season.
US stock futures stumbled as techs lost their momentum, while investors focused on big bank results to kick off earnings season.
Asia's four largest economies (China, India, Japan, and South Korea) could generate a $180 billion market for green hydrogen electrolyzers by 2050, aiding in the decarbonization of key industrial sectors, according to a report released by the High-level Policy Commission on Getting Asia to Net Zero.
The Philippine social commerce market is projected to reach a value of $2.3 billion by 2029, with a compound annual growth rate of 16.3%, fueled by various retail categories, transactional dynamics, payment methods, social commerce platforms, and consumer behavior.
The international remittance market in Bangladesh is projected to continue expanding, with significant growth in both inbound and outbound transfers and a focus on digital and mobile platforms.
China has released unprecedented guidelines to promote transparency, risk-management, and vibrancy in its stock market, aiming to become a financial superpower and solidify its position as the world's second-largest capital market.
US stock futures were steady as investors awaited quarterly earnings reports from Wall Street giants JPMorgan, Wells Fargo, and BlackRock, with market expectations for strong results.
Big banks set to report first-quarter earnings, U.S. stock futures steady ahead of major bank earnings, U.S. large caps suffer outflow, U.K. economy shows growth, and crude market set for weekly losses despite Middle East tensions.
The UK's trade deficit slightly increased in February 2024, while Germany, France, and Spain saw expected CPI numbers.
China's exports and imports in March fell more than expected, highlighting the challenges faced by policymakers in boosting the country's shaky economic recovery. The decline in export prices may weigh on nominal GDP, indicating a need for more policy support to spur growth.
European shares open higher despite a retreat in most Asian markets, with Germany's DAX and France's CAC 40 advancing 1% and the UK's FTSE 100 climbing 1%; oil prices also rise.
Asia stocks were mostly lower on Friday following gains for Big Tech shares in the US, with Hong Kong's Hang Seng index declining 1.9%, the Shanghai Composite index edging 0.1% lower, and the Nikkei 225 index in Tokyo up 0.2%.
China's cabinet has released new guidelines aimed at tightening stock listing criteria, improving corporate governance, and supporting the equity market.
A historic hospital building in Montana is on sale for $10, but the buyer would need to relocate the building and cover the estimated $8 million restoration costs. The current owner is considering filing for a demolition permit if no interested buyer comes forward.
Consumer prices in France rose 2.4% year on year in March, driven by an increase in manufactured goods prices and a slight rise in tobacco prices, according to statistics office INSEE.
European markets were higher as investors analyzed UK economic data and considered the uncertain US inflation outlook, with the pan-European Stoxx 600 up over 1%, led by gains in mining stocks, after closing lower in the previous session; meanwhile, the International Energy Agency downgraded its forecast for 2024 oil demand growth, citing weak deliveries and an expanding electric vehicle fleet.
Zebec Network (ZBC) can be bought and traded on centralized and decentralized crypto exchanges, with KuCoin being the most popular option and the daily trading volume of ZBC currently at $229,443.12, experiencing a recent increase in market activity. The all-time high for ZBC is BTC0.051861, recorded almost 2 years ago, while the all-time low is BTC0.061764, recorded 6 months ago. The market cap of ZBC is BTC21,190.0914, ranking it #78 on CoinGecko, and the fully diluted valuation of ZBC is BTC41,639.1989. However, in the last 7 days, ZBC has underperformed both the global cryptocurrency market and similar Coinbase Ventures Portfolio cryptocurrencies with a price decline of -15.40%.
A significant drop in a key repo interest rate in the U.S. short-term funding market on March 19th, followed by a rebound the next day, has raised questions about a large, single trade that occurred late in the day and involved a major player, highlighting the opaqueness and potential risks of short-term funding markets.
European stocks are rising due to a weak euro and high demand for shares in exporters, as investors bet that the US Federal Reserve will maintain high interest rates; however, Wall Street is expected to open flat, and MSCI's all-country equity index is on track for its second weekly fall as traders pull back on US rate-cut bets.
Treasuries rose in Asian trading after a rally in US stocks driven by the largest technology companies, while equities were mixed and gold surged further due to the US inflation report; a strong economy is expected to fuel a rise in profit growth for US companies, especially in the tech sector.
Air Canada's stock experienced a slight decrease in its most recent trading session, but it has shown a gain of 3.58% over the previous month, and analysts are optimistic about its earnings performance and estimate revisions.
Barrick Gold's stock closed at $18.04, making a slight gain of 0.78% compared to the prior day, outperforming the S&P 500, while the company is expected to release its earnings with an estimated EPS of $0.20, indicating significant growth from the previous year.
The global biocomposites market is expected to grow from USD 31.41 billion to USD 149.95 billion in 10 years, driven by the demand for environmentally friendly and sustainable products across various industries, as well as advancements in technology and the expanding application areas of biocomposites.
Tesla's stock saw a 1.65% increase in the most recent trading session, outperforming the S&P 500, and investors are eagerly anticipating the company's upcoming earnings report.
Recent inflation data has complicated the path ahead for the Federal Reserve, with the timeline for interest rate cuts unclear, and experts suggest that the market can reach new heights based on strong economic growth and corporate earnings.
Costco's decision to sell precious metals, particularly gold, has generated significant attention and interest, with estimates suggesting that the company sells between $100 million to $200 million worth of gold per month, although it is considered a low-profit business; the introduction of gold sales has attracted new buyers who trust the company and has led to increased interest in investing in gold.
US consumer prices rose more than expected in March, sparking concerns of inflation and causing the stock market to decline, leading financial advisors to suggest rebalancing retirement portfolios and considering low-risk fixed-income investments.
Dow Jones futures, S&P 500 futures, and Nasdaq futures remained relatively unchanged after hours, with the stock market rallying as investors overlooked a mixed March PPI inflation report and the Nasdaq closing at a record high on the strength of AI and software stocks.
Robinhood's stock has seen a significant rise and with the introduction of a gold credit card, the company is poised to take advantage of the current stock market boom and attract new customers.
Shares of biotech company PaxMedica surged 125% in after-market trading after announcing completion of three batches of its drug PAX-101, a potential treatment for Stage 1 Human African Trypanosomiasis, and plans to file for FDA approval and explore its use in treating Autism Spectrum Disorder.
Microsoft (MSFT) is forming a tight pattern and is trading just below its all-time high, with a buy point of $428.67, ahead of its March-quarter earnings report.
Electric vehicle sales in the U.S. decreased in the first quarter of 2024, with a 2.6% year-over-year growth but a 15.2% decline compared to the previous quarter, primarily due to a decline in Tesla's sales. However, several other brands experienced significant growth, and lower prices for EVs supported sales volume, particularly for Tesla models. Luxury brands saw strong EV sales, and overall, EV sales are expected to increase in 2024, with analysts predicting a 10% market share by the end of the year.
Despite a recent decline in revenue and EPS, Pfizer Inc. (NYSE:PFE) is still a strong buy due to its innovative approach and undervalued stock price, as well as its focus on developing new products in the biotech industry.
The green diesel market is projected to grow from USD 35.39 billion in 2023 to USD 103.25 billion by 2033, driven by increasing focus on sustainable fuel alternatives and the environmental benefits of green diesel in reducing emissions and improving air quality.
US stocks rebounded on Thursday, led by Big Tech, following a sell-off triggered by higher-than-expected consumer prices; the S&P 500 rose almost 1%, the Nasdaq Composite gained roughly 1.7%, and the Dow Jones Industrial Average had a more modest increase of about 0.3%, while the 10-year Treasury yield steadied after surging to its highest level since November.
Google parent Alphabet's market capitalization could reach $2 trillion thanks to its innovative generative artificial intelligence, with its stock hitting new highs and gaining over 15% this year.
U.S. stocks rebounded as wholesale inflation data offered some relief after the previous day's disappointing consumer price report, with the Nasdaq Composite up by 1.6%, the S&P 500 gaining 0.9%, and the Dow Jones Industrial Average edging up 0.3%. Additionally, CarMax's stock sank due to weaker-than-expected quarterly results, Constellation Brands' stock jumped after reporting better-than-expected earnings, Globe Life dropped after allegations of insurance fraud emerged, Fastenal's stock slipped due to poor demand in the manufacturing sector, and analysts pointed out that recent corrections in Nvidia's stock should not cause concern given the company's strength in the artificial intelligence field.
Argentina's central bank has cut its main interest rate for the third time under President Javier Milei, as investors anticipate a decline in inflation in the country.
The global farm equipment rental market is expected to grow from USD 50 billion to USD 98.35 billion in 10 years, driven by technological advancements in farm equipment and the benefits of renting equipment for farmers.
Canada will extend the maximum mortgage duration for first-time homebuyers to 30 years in an effort to address the housing shortage and make homeownership more affordable for younger Canadians.
The modular trailer market is projected to reach a value of US$ 16.2 billion by 2034 driven by factors such as telematics adoption, renewable energy projects, and urbanization.
Salt Lake City is ranked as having the hottest job market in 2023, followed by four Florida cities, according to a new analysis of Labor Department data.
The global market for aerospace parts manufacturing is projected to reach $1 trillion by 2030, driven by ongoing developments, partnerships, and advancements in the industry, with automation playing a pivotal role in enhancing production capabilities and meeting market demands.
The stock market opened with gains but quickly turned lower, with chip shares leading the upside and enterprise software firms cooling down; bond prices weakened, causing yields to rise and creating a near-term headwind for stocks; Nvidia tested a new buy point and attempted to erase losses for the week; Costco Wholesale attempted to retake its 50-day line after announcing a dividend hike; Regeneron Pharmaceuticals dropped to its lowest level since mid-January due to a potential pricing fraud investigation.