Stocks dropped after solid economic readings and a rally in commodities spurred speculation that major central banks will keep interest rates higher for longer. In a revival of the “good news is bad news” trade, better-than-estimated data on US job openingsBloomberg Terminal and factory goods ordersBloomberg Terminal added to skepticism about the pace of Federal … Read more
Stock Market Today: Dow, S&P Live Updates for February 28 Bloomberg Source link
Stock Market Today: Dow, S&P Live Updates for December 20 Bloomberg Source link
Sources: 1 Morgan Stanley Investment Management calculations using UN Population Database data from Haver Analytics. 2 Morgan Stanley Investment Management calculations using IMF and UN data. 3 Africa’s new millionaires are coming from its less fashionable economies, Semafor, April 13, 2023. https://www.semafor.com/article/04/13/2023/africas-new-millionaires-not-from-nigeria-south-africa 4 On why I remain bullish on Nigeria, Ken Opalo, Substack, March 16, 2023. https://kenopalo.substack.com/p/on-why-i-remain-bullish-on-nigeria … Read more
Mandarin Oriental was named the best luxury hotel brand in the world. Source: LTI — Luxury Travel Intelligence There are rankings of the best hotels in the world. But a new list, released by the members-only group LTI – Luxury Travel Intelligence, ranks hotel brands rather than individual properties. The ranking analyzes many hotels within … Read more
Stock Market Today: Dow, S&P Live Updates for Nov. 6 Bloomberg Source link
Among the sticking points highlighted by United Auto Workers on strike are the billions of dollars Detroit’s legacy carmakers have plunged into stock repurchases. Now, as the strike extends into its second week, some investors say they’re willing to forgo those coveted share buybacks as the companies face soaring labor costs over the next several … Read more
Stock Market Is Stuck in a Late-Cycle ‘Muddle,’ Morgan Stanley’s … Bloomberg Source link
Stocks retreated, while bond yields climbed alongside the dollar, with the Federal Reserve signaling interest rates will be higher for longer after deciding to stay on hold in September. The S&P 500 dropped almost 1%, while the Nasdaq 100 underperformed amid a slide in giants like Apple Inc. and Tesla Inc. Treasury two-year yields hit … Read more
This year’s US stock market rally is strong enough to withstand another leg higher for bond yields, according to the latest Markets Live Pulse survey. With the soft-landing narrative for the world’s biggest economy gaining traction, the majority of 331 respondents expect losses for S&P 500 Index to be contained to less than 10% should … Read more