Chinese workers in their 30s are facing increased difficulties in finding employment due to age discrimination in the job market, as the effects of China's declining economy continue to affect employment opportunities.
The Real Estate Center at Texas A&M University has released their 2024 housing forecast, providing insight on housing affordability and rent rates in North Texas.
Despite economic uncertainty and lower average transaction prices, online automotive auction site Bring a Trailer achieved record-breaking sales of $1.4 billion in 2023, with over 30,000 cars sold on its platform, representing a 19% increase compared to the previous year, as the website's user base grew significantly to 1.2 million.
China's commercial real estate market, which has been heavily impacted by a slowing economy and oversupply, is expected to attract bargain hunters this year after prime office values dropped by about 30% from their pre-Covid highs.
Thirteen stocks have been placed on the futures and options (F&O) ban list by the National Stock Exchange for exceeding the market-wide position limit, but will still be available for trading in the cash market.
Markets slide as economic concerns arise from weak global growth, international conflicts, and rising bond yields; Alcoa beats Q4 earnings expectations while Discover Financial Services misses.
Life insurance major LIC has surpassed banking major SBI as the most valued government-run company in India, with a market capitalization of Rs 5.61 lakh crore compared to SBI’s Rs 5.59 lakh crore, driven by a recent rally in its stock price.
Palantir Technologies Inc. (PLTR) ended the latest trading session with a slight decline, trailing behind the S&P 500, as investors await the upcoming earnings report with projected growth in EPS and revenue, while recent analyst estimates reflect optimism about the company's business and profitability.
Devon Energy's stock has dropped by 8.76% in the past month, with the company projected to report a year-over-year decline in earnings and revenue, resulting in a Zacks Rank of #5 (Strong Sell).
Eli Lilly's stock has closed with a slight decrease, but has seen overall growth in the past month and is set to reveal its earnings on February 6, 2024, with positive estimate revisions reflecting analyst optimism and a Zacks Rank of #3 (Hold), and a valuation that marks a premium compared to its industry's average.
Taiwan Semiconductor Manufacturing Corp. (TSMC) reported better-than-expected Q4 earnings, surpassing revenue predictions, but its overall revenue for 2023 decreased compared to the previous year, despite being the largest manufacturer of AI processors and having top companies like Nvidia, AMD, and Apple as its customers. TSMC faces competition in the foundry market from emerging competitor Intel, which plans to use high-NA lithography equipment for 2nm nodes in 2025.
Gold and silver prices are down due to a better-than-expected U.S. retail sales report, which tempered expectations of a Federal Reserve interest rate decrease.
The value of new housing finance in Australia was 13% higher in November compared to the previous year, indicating that house prices are likely to continue rising in the next six months despite factors like the pandemic and rising interest rates. The expected rate cuts by the Reserve Bank of Australia would be pleasing news for homeowners, as the number of people taking out fixed-rate loans has decreased. However, the affordability of housing may worsen if prices increase faster than incomes in the future.
Wall Street extended its sell-off as U.S. Treasury yields increased, diminishing the likelihood of an early policy rate cut by the Federal Reserve and affecting tech stocks the most; meanwhile, challenges facing China and tensions in the Middle East have impacted the oil market, and the Japanese yen is influenced by rising U.S. yields and an upcoming Bank of Japan meeting.
According to Carlyle Group's Co-founder David Rubenstein, the economy tends to perform better when there is a divided government, and many CEOs would be happy with a Donald Trump presidency due to tax and regulation cuts, but a return to Trump could result in capital markets experiencing dysfunction if partisan gridlock occurs.
Homebuilder confidence has risen in January due to lower mortgage rates, signaling an improvement in the economy and the potential for growth in the single-family housing market, although challenges such as building material costs and lot supply may arise, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Additionally, while mortgage rates have slightly increased in recent weeks, they still remain significantly lower than the previous year, prompting increased mortgage applications for both purchases and refinances.
The stock market experienced losses, but showed some improvement by the end of the day, with the Nasdaq closing above a significant level, and various stocks experiencing movements such as Natera surging and Spirit Airlines tumbling.
Shares of Berkshire Hathaway Inc. Cl B (BRK.B) dropped 0.50% as the stock market experienced a dismal trading session, with the S&P 500 Index falling 0.56% and the Dow Jones Industrial Average falling 0.25%. This marks the stock's second consecutive day of losses.
Stocks declined as central bankers expressed caution about cutting interest rates this year, with the Nasdaq Composite and S&P 500 falling 0.6% and the Dow Jones Industrial Average slipping 0.3%.
The Food Corporation of India (FCI) has sold a record 0.42 MT of wheat to bulk buyers in the open market, with the government aiming to sell a total of 10.1 MT from its surplus stock by early March, helping to stabilize prices and control inflation.
The auto market is expected to shift in favor of buyers in 2024, with declining prices and more incentives due to high inventories, leading to a rebound in sales and a more normal year for the industry. Luxury vehicles have shown the biggest decline in prices, and automakers and dealers may face profitability challenges as they accept lower gross profit margins in a buyer's market.
New car prices in the US have experienced the largest yearly decline ever, decreasing by 2.4% in the past 12 months, indicating that car buyers now have more negotiating power and can expect discounts and incentives.
India's equity markets are reaching all-time highs due to encouraging forecasts for IT stocks and strong performance from small-cap stocks, with the small cap index looking set to overtake the S&P 500.
Boeing has experienced a significant loss in market capitalization due to safety concerns and grounded planes, while low-cost carriers like Alaska Airlines and United Airlines have also suffered stock declines; additionally, Spirit Airlines' proposed acquisition by JetBlue was blocked by a federal judge, leading to further financial setbacks for both airlines.
Plug Power's stock hits a more than four-year low as the market resets expectations ahead of the company's business update, with concerns over underperformance in revenue, potential delays in green hydrogen production, and the need for additional funding.
The labor market in the US is showing signs of cooling, with larger applicant pools, lower turnover rates, more selective hiring, and easing wage pressures, according to the Federal Reserve's Beige Book survey.
Argentina's President Javier Milei, an anarcho-capitalist, praised free markets and criticized socialism at Davos during his first overseas tour, emphasizing the role of free enterprise capitalism in ending poverty, as he seeks to win backing for his economic ideas to fix the country's major economic crisis.
The global processed meat market is expected to experience significant growth, reaching a market size of US$ 575.7 billion by 2030, driven by factors such as evolving consumer preferences and the demand for convenient meal options.
Castle Ridge Asset Management, a small hedge fund in Toronto, is using a purpose-built supercomputer called Wallace, driven by artificial intelligence (AI), to predict movements in financial markets, with success surpassing the S&P 500's returns since 2017, and aims to become a serious player in the hedge fund industry with its evolutionary approach to AI.
Investors are hopeful for interest-rate cuts, but the Federal Reserve is unlikely to cut as soon as expected, which may negatively impact markets.
India's blue-chip indices experienced their worst session in 18 months due to a drop in HDFC Bank's quarterly results, with the S&P BSE Sensex closing 2.23% lower at 71,500 and the NSE Nifty50 index falling below 21,600.
U.S. stocks fell as rate-sensitive growth sectors and bonds sold off due to higher-than-expected retail sales, leading to lower expectations for a rate cut from the Federal Reserve.
Small cap stocks are expected to soar by as much as 60% in 2024 due to attractive valuations compared to the S&P 500, according to Fundstrat's Tom Lee, who believes that small caps could outperform large caps and experience significant gains this year.
The illicit market for Adderall, a popular ADHD medication, is thriving due to manufacturing shortfalls, with some individuals turning to the black market to procure the drug, leading to concerns about counterfeit pills containing methamphetamine.
The stock market may experience a significant pullback as options expiration passes and economic data suggests fewer rate cuts than expected, leading to increased volatility and potential impact on mega-cap tech stocks.
The silicon carbide market is projected to reach a value of USD 5.24 billion by 2030, driven by the increasing adoption of silicon carbide in power electronics and its extensive applications in sectors such as electric vehicles and renewable energy.
Jonathan Smoke, Chief Economist at Cox Automotive, provides data and insights on the auto industry to translate into actionable insights for businesses and consumers.
US retail sales in December exceeded expectations, indicating that consumer spending may continue to drive economic growth in 2024, despite concerns about rising debt and falling savings; however, the public's pessimism about the economy lingers due to the lasting impact of high inflation.
Destinations worldwide are investing in inclusive tourism by creating disability-friendly attractions and experiences to tap into the $58 billion-dollar industry represented by disabled travelers.
JPMorgan CEO Jamie Dimon warns that the recent stock market rally has overshadowed major economic risks and urges caution about the future.
The US unemployment rate remains low, but various indicators in the labor market suggest signs of weakening similar to previous recessions, including downward revisions in job gains, a shift towards job growth in non-cyclical sectors, a rising unemployment rate, declining job-seeker sentiment, dropping job openings, falling quits and hires, and a cooling labor market.
Americans ended the year on an upbeat note, as retail sales in December increased by 0.6%, signaling that consumer confidence remains high and they are willing to continue spending.
Three things to watch in the baseball world include injury announcements that may impact players' availability for the upcoming season, the stagnant relief pitching market, and the possibility of the Toronto Blue Jays signing Cuban right-hander Yariel Rodriguez.
The crisis in the Red Sea, fueled by attacks from the Houthis and supported by Iran, poses a significant threat to global energy flows, potentially causing economic damage and destabilizing the world's oil market.
Retail sales rose 0.6% in December, driven by a strong job market and increased holiday spending.
The Dogs of Dow strategy, which involves purchasing shares of the 10 companies with the highest dividend yield at the end of the year and holding them throughout the entire year, has historically outperformed the Dow Jones and continues to show promise for 2024 with stocks like Walgreens Boots Alliance, Verizon Communications, 3M Company, Johnson & Johnson, and Cisco Systems.
OPEC may have to cut production more to maintain current oil prices due to weak demand growth and high US output, according to the CEO of Mercuria Energy Group.
Dow Jones futures, S&P 500 futures, and Nasdaq futures fell as weak China economic data and price cuts by Tesla impacted the stock market rally, while Interactive Brokers and Charles Schwab reported mixed earnings.
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Three stocks with the highest dividends and consistent dividend payments are Altria, Verizon Communications, and Comerica.