Traders work on the floor during morning trading at the New York Stock Exchange on March 6, 2024. Spencer Platt | Getty Images The U.S. Federal Reserve, meanwhile, is expected to begin cutting interest rates in June, potentially supplying a further boon to high-growth tech stocks. The sheer scale and narrow nature of the bull … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on January 31, 2024 in New York City. Michael M. Santiago | Getty Images The so-called “Magnificent 7” now wields greater financial might than almost every other major country in the world, according to new Deutsche Bank research. The meteoric rise … Read more
A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 31, 2024. Brendan McDermid | Reuters The U.S. stock market is in a “very dangerous” spot as persistently strong jobs numbers and wage growth suggest the Federal Reserve’s … Read more
A customer shops in a Kroger grocery store on July 15, 2022 in Houston, Texas. Brandon Bell | Getty Images Investors have cheered a new class of weight loss drugs for their ability to help people shed unwanted pounds, but the findings of a recent poll underscore the challenges patients face if they cease treatment. … Read more
IRS Commissioner Daniel Werfel testifies before the House Small Business Committee on July 17, 2013. James Lawler Duggan | Reuters The IRS has unveiled a “voluntary disclosure program” for businesses that claimed a pandemic-era tax credit in error and want to pay the money back. Worth thousands per employee, the employee retention tax credit, or … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Fast Money Damien Dwin, Lafayette Square founder and CEO, joins ‘Fast Money’ to talk private credit trends, the health of mid-market companies and more. 05:09 2 hours ago Source link
Traders work on the floor of the New York Stock Exchange (NYSE) on October 20, 2023 in New York City. Spencer Platt | Getty Images Stock futures ticked higher on Monday morning as traders looked ahead to the release of corporate earnings from tech industry behemoths. Futures tied to the Dow Jones Industrial Average rose … Read more
The odds of a fourth-quarter rally for the S & P 500 are coming down as higher rates and slower growth pressure equities, according to Morgan Stanley’s Mike Wilson. Only 39% of the stocks in the broad market index are trading above their 200-day moving average, creating a historically narrow rally, the bank’s chief U.S. … Read more
JPMorgan’s Marko Kolanovic is bracing for a 20% sell-off to hit the S&P 500. According to the Institutional Investor hall-of-famer, high interest rates are creating a breaking point for stocks — and choosing cash at a 5.5% return in money market and short-term Treasurys is a key protection strategy right now. “I’m not sure how … Read more
Billionaire investor Bill Ackman told The Wall Street Journal he would “absolutely” do a deal with X, the social media platform previously known as Twitter. Ackman’s novel investment vehicle, called a SPARC, got regulatory approval from the Securities and Exchange Commission on Friday. Ackman posts on X regularly, on a wide range of topics, including … Read more