Sunil Sahil
U.S. equities have ridden through various crosscurrents over the last week, from the blazing jump in Treasury rates to the Middle East shock at the weekend, but they remain on board despite what the IMF calls “remarkable” U.S. economic performance. With third-quarter profits expected later this week, Wall Street market indices rose to their highest … Read more
Jeremy Siegel has cautioned that the US economy’s surprise resiliency may be bad news for stocks and increase the danger of a recession this year. The US gained 517,000 jobs in January, according to official statistics released Friday, considerably above the 185,000 average nonfarm payrolls projection from analysts polled by Bloomberg. At the same time, … Read more
That is not to say that there will be no hardship ahead. Economic development has been stronger than in other nations, and Americans have profited because “the price of what it exports, particularly natural gas, has risen more than the price of what it imports,” according to the Wall Street Journal. However, there is grounds … Read more
That is if Freddie Mac receives regulatory licence to engage in the secondary mortgage market, generally known as home equity loans. If approved, the idea would be comparable to a massive stimulus package without adding a penny to the national budget, according to the “Oracle of Wall Street”. According to the concept, Freddie Mac may … Read more
is a worldwide information and insights firm that offers data and analytics services to assist companies and consumers make better decisions. The organisation works in many countries and serves a wide range of industries, including financial services, insurance, and healthcare. TransUnion shares were valued at $73.15 on the selling date, giving the company a market … Read more
A large diversified financial services business has issued its 10-Q filing, which provides a thorough look at its financial performance for the first quarter of the year. U.S. Bancorp is a major participant in the regional banking landscape, with offices in 26 states and a diverse range of services that include retail and commercial banking, … Read more
“The payroll miss hands the baton to the bulls,” said Interactive Brokers’ Jose Torres. “Markets are rallying aggressively as incoming data point to a shorter journey across the monetary-policy bridge.” The S&P 500 increased 1.3%, with stocks also benefiting from Apple Inc.’s post-earnings rally. The Nasdaq 100, which is heavily weighted in technology, rose 2%. … Read more
US equities rebounded on Friday as Alphabet (GOOG, GOOGL) and Microsoft (MSFT) profits renewed optimism for a long-term Big Tech rise, despite a reading on the Federal Reserve’s favoured inflation measure indicating that price pressures remain sticky. The S&P 500 (^GSPC) jumped 1%, while the tech-heavy Nasdaq Composite (^IXIC) increased by 2%. The Dow Jones … Read more
Stocks slumped on Thursday after a considerably lower-than-expected figure on US GDP for the first quarter raised concerns about the state of the US economy. The Nasdaq Composite (^IXIC) dropped almost 0.6%. The S&P 500 (^GSPC) dropped 0.5%, while the Dow Jones Industrial Average (^DJI) fell 1%, or over 400 points. The indices recovered from … Read more
A $250 billion exchange-traded fund tracking the Nasdaq 100 (ticker: QQQ) was struck after normal trading ended, as Facebook’s parent stock fell more than 15%. Meta expected lower second-quarter revenue and raised its year-end spending predictions. “Meta’s resources are vast, but not infinite,” explained Sophie Lund-Yates of Hargreaves Lansdown. “The language around spending plans has … Read more
