Sunil Sahil
Alden Bentley, Americas Breaking News Editor for Finance & Markets, examines the day’s events in Asian markets. After spiking into Asian trading on Wednesday, the early 2024 shake out persisted on Wall Street and might be a challenge for Japanese equities when they reopen on Thursday. The Nikkei gained 28% in 2023—the largest annual increase … Read more
US equities fell on Wednesday as investors lost hope for quick interest rate reduction in the face of new employment data and minutes from the most recent Federal Reserve meeting suggesting that the exact timing of rate cuts is still up in the air. The benchmark S&P 500 (^GSPC) dropped around 0.8%, while the Dow … Read more
According to people who asked not to be identified because they were discussing private information, the 2024 merchandise volume goal for the US version of TikTok Shop, which combines online entertainment with impulse buying, was discussed in recent internal meetings and may still change depending on how the business goes. TikTok’s aggressive goal puts it … Read more
U.S. chip stocks continued their losing streak on Wednesday, as Wall Street’s primary semiconductor benchmark fell from all-time highs after the industry had its best year since 2009, when it recovered from the financial crisis. The PHLX semiconductor index dropped 2.1%, with the biggest losses being in Advanced Micro Devices, Qualcomm, and Broadcom, all of … Read more
Consider adding United States Steel (X) to your portfolio in light of the company’s recent significant change to its profit projections. The stock has been rising recently, and given its earnings forecast is continuously increasing, the trend may continue. The upward trajectory of estimate revisions for this steel manufacturer is indicative of analysts’ increased optimism … Read more
In a recent speech on Wednesday, Richmond Fed President Tom Barkin reiterated the need for prudence on the path of interest rates and that rises are still a possibility if inflation picks back up. Barkin stated at his lecture in Raleigh, North Carolina, that “a soft landing is increasingly conceivable but in no way inevitable.” … Read more
US equities fell on Wednesday as investors lost hope for quick interest rate reduction in the face of new employment data and minutes from the most recent Federal Reserve meeting suggesting that the exact timing of rate cuts is still up in the air. The benchmark S&P 500 (^GSPC) dropped around 0.8%, while the Dow … Read more
In 2023, at least 5.4 million Americans were estimated to be living overseas by the Association of American Residents Overseas (AARO). The Western hemisphere, which includes Canada, Central America, and South America, is estimated to be home to the largest percentage of expats (40%) followed by Europe (26%) and East Asia and the Pacific (14%). … Read more
Tuesday’s sell-off in US markets prepared Wall Street for a gloomy start to 2024 following a successful year that saw the S&P 500 fall short of a new record high. The Dow Jones Industrial Average (^DJI) increased just over the flatline, but the benchmark S&P 500 (\GSPC) fell by around 0.6%. With a loss of … Read more
Zacks Investment ResearchJanuary 1, 2024, Monday, at 4:50 PM GMT+5:30·3 minutes peruse Are you looking for a wide range of exposure to the US stock market’s Large Cap Value segment? Consider the iShares MSCI USA Value Factor ETF (VLUE), an exchange-traded fund that was introduced on April 16, 2013, and is passively managed. Blackrock is … Read more
