U.S. stocks and bonds are falling due to another surge in Treasury yields, leading to anxiety among investors who fear that the Fed will hold interest rates higher for longer if the labor market remains strong.
Corporate America is not being deterred by the potential for another interest rate hike from the Federal Reserve, as companies like Cisco and General Mills continue to pursue deals and investments, indicating confidence in the economy's resilience and suggesting a potential soft landing in the market.
Florida has become the second most valuable housing market in the US, surpassing New York, as buyers flock to the state for warm weather and lifestyle benefits, driving up home prices and new construction.
The Federal Reserve's mortgage bond holdings may take up to six more years to shrink below $1 trillion due to slow progress and climbing U.S. mortgage rates, hindering refinancing and sales activity.
Wall Street struggles as the Federal Reserve's interest rate strategy and imminent government shutdown cause uncertainty, while oil price rally raises concerns about inflation and potential rate cuts.
Russia has halted diesel exports due to winter concerns and speculation that it is using energy as a strategic tool, raising questions about the implications for domestic and international energy markets.
Asia-Pacific equity markets closed mixed, with Japan's Nikkei and Taiwan's TAIEX rising, while South Korea's KOSPI and China's Shanghai Composite fell; European markets are lower across the board in midday trading, and U.S. equity futures point to a flat to lower open.
Financial markets are betting on more rate cuts next year despite Federal Reserve policymakers projecting a higher benchmark overnight interest rate by the end of 2022, which could complicate the Fed's efforts to control inflation.
Anheuser-Busch InBev ADR slides 2.20% as stock market sees overall gains, marking the ADR's fifth consecutive day of losses.
Most Asian currencies were mixed on Monday, with the Indian rupee leading losses, following hawkish comments from the U.S. Federal Reserve, while the Philippine peso and South Korean won strengthened.
Despite predictions of higher unemployment and dire consequences, the Federal Reserve's rate hikes have succeeded in substantially slowing inflation without causing significant harm to the job market and economy.
Asian markets may be bolstered by Wall Street's performance, but concerns regarding the surging dollar, rising U.S. Treasury yields, and troubles in the Chinese property sector may dampen investor enthusiasm.
The European Union is investigating Nvidia's alleged anticompetitive practices in the AI chip market, where the company holds a dominant position with an 80% market share.
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Bitcoin (BTC) price remains stable as investors continue to accumulate, while the composition of BTC investors is shifting towards long-term holders and away from short-term speculators.
Stock futures edged higher in overnight trading Sunday as the market is set to enter the last week of trading in September with significant losses.
Stock prices may not accurately reflect the valuation of a company, as the price of a stock can be high and still be considered cheap to buy, which may confuse beginner investors.
The Treasury market is leading the equity market as long-term yields rise to their highest level in 16 years, suggesting investors should pay attention to bond market movements for stock market trends, with an optimistic outlook for AI companies in the coming months.
Stocks retreated in September as Wall Street reacted to new data on inflation and fears of higher interest rates by the Federal Reserve, with major indexes seeing drops of 3-5% for the month and quarter; meanwhile, bonds saw some relief from rate jitters and the looming US government shutdown added further uncertainty to the market.
A government shutdown on October 1 is likely, but it is not expected to have a significant impact on financial markets or cause an economic recession.
Rising oil prices amid supply constraints and growing demand for petroleum products threaten to complicate central bankers' efforts to control inflation.
Coinbase, the U.S. cryptocurrency exchange operator, may invest more elsewhere if the U.S. cannot get crypto regulation right, raising questions about whether the U.S. is still the primary hub for crypto innovation and development.
The rise in housing prices over the past three years can be attributed to a shortage of supply, low volume in the market, and the introduction of mortgage rate buydowns; however, there is now a risk of too much inventory being introduced into the market, and a potential decline in mortgage rates could lead to a large amount of existing homes being sold and a subsequent oversupply.
Home prices in Tokyo and Zurich are considered to be in bubble territory, and two US cities, Miami and Los Angeles, are overvalued, due to the impact of rising interest rates on housing markets worldwide. Other cities at risk of declines include Tel Aviv, Munich, Hong Kong, Geneva, and Frankfurt, where prices relative to rent values have become too extended.
NextEra Energy closed slightly higher in the latest trading session, outperforming the S&P 500, and is expected to release positive earnings with year-over-year growth in both earnings and revenue.
A climate-risk intelligence firm has warned that some of the most overvalued housing markets in the US, particularly in California and Florida, are at high risk of climate-related damage from extreme weather events, leading to potential losses of $1.3 trillion to $2.2 trillion in a market rationalization.
The U.S. economy is experiencing turbulence, as inflation rates rise and U.S. Treasuries lose value, leading to concerns about whether Bitcoin and risk-on assets will be negatively impacted by higher interest rates and a cooling monetary policy.
NIO Inc. closed at $9.04, up 1.46% from the previous trading session, as Wall Street looks for positivity ahead of the company's next earnings report. The Zacks Consensus Estimate for earnings is expecting a year-over-year decline of 19.44%, while revenue is projected to increase by 43.95% from the year-ago period. Meanwhile, NIO Inc. currently has a Zacks Rank of #4 (Sell) and the Automotive - Foreign industry is ranked in the top 39% of all industries.
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Russia has implemented a temporary ban on gasoline and diesel exports, excluding four ex-Soviet states, to stabilize its domestic market and reduce prices for consumers.
The Federal Reserve is expected to maintain interest rates for now but keep the option open for future rate hikes to address inflation concerns.
Investors shouldn't worry about a government shutdown as it is unlikely to significantly impact the stock market.
Stocks closed lower on Wednesday as Wall Street analyzed the Federal Reserve's decision to keep interest rates steady, with the tech-heavy Nasdaq sinking the most, while the Fed's updated forecast showed that interest rates will remain higher for longer than previously anticipated.
Wall Street stocks rise as investors await the Federal Reserve's decision on interest rates, with focus on future rate projections and hints from Fed Chair Jerome Powell.
The potential government shutdown in the US is unlikely to have a significant impact on the stock market, as historical data shows that market returns have been relatively unaffected in the past, and the economic effects of a shutdown are limited with most government workers continuing to receive pay. However, a prolonged shutdown could complicate the Federal Reserve's efforts to control inflation and implement monetary policy changes.
Some Girl Scout chapters are raising the price of a box of cookies to $6 due to rising production and material costs, citing inflation and higher prices for suppliers.
Instacart shares rose 12.3% on their first day of trading, giving the company a valuation of over $11 billion.
Marketing automation company Klaviyo is set to list its shares on the New York Stock Exchange after raising $576 million in its initial public offering, giving the company a valuation of $9.2 billion.
The Bank of England has paused its interest rate increases due to a slowdown in the British economy and falling inflation, but Governor Andrew Bailey emphasized that the central bank's job is not yet complete, as growth remains fragile and there are signs of the tightening monetary policy impacting the labor market and real economy; however, the bank remains prepared to raise rates again if needed.
The Federal Trade Commission (FTC) has filed a lawsuit against U.S. Anesthesia Partners Inc. and its private-equity backer, Welsh, Carson, Anderson & Stowe, alleging that they engaged in anticompetitive practices to monopolize the anesthesia market in Texas and drive up prices for patients. This case highlights the FTC's scrutiny of smaller buyouts by private-equity firms and their potential to create monopoly power.
Stock futures traded lower as the Federal Reserve held interest rates steady but hinted at the possibility of a rate hike later this year.
Delays in the release of economic data due to a potential government shutdown in the US could cause financial market volatility and a decrease in visibility, leaving investors to rely on alternative sources of data.