A report indicating that the Fed’s preferred measure of underlying inflation barely increased in November supported the growing narrative that central bankers have successfully broken the back of price pressures and will aggressively ease monetary policy in 2024. This report caused rates to fluctuate on Friday ahead of an early market close at 2 p.m. … Read more
After another week of gains, US equities ended the week with a mixed closing as a major inflation data suggested more cooling. The primary inflation indicator used by the Federal Reserve, the personal consumption price index, increased 2.6% year over year in November. This was less than the 2.8% gain that was predicted and marked … Read more
The S&P 500 recorded its longest winning run in almost five years during a turbulent, low-volume session ahead of the Christmas break. This was due to indications that pricing pressures in the US were abating. Both the Nasdaq 100 and an international stock market index had very long runs; the tech-heavy Nasdaq’s run was the … Read more
The latest indication that the economy was picking up steam as the year came to an end was the slight increase in the number of Americans submitting new claims for unemployment benefits last week. The Labour Department released statistics on Thursday that showed retail sales surprisingly increased in November, while single-family home starts and construction … Read more
The White House stated on Thursday that, considering the company’s fundamental role in American steel manufacturing that is essential to national security, Nippon Steel Corp.’s $14.9 billion proposed acquisition of U.S. Steel Corp. merits “serious scrutiny.” The White House saw a robust domestic steel sector as essential to the U.S. economy and national security in … Read more
Following the largest daily sell-off in months for the main indices, US equities rose on Thursday. The S&P 500 (^GSPC) had a 1% rise. After both indexes ended nine-day winning streaks, the teach-heavy Nasdaq Composite (^IXIC) surged more than 1.2%, while the Dow Jones Industrial Average (^DJI) increased by 0.9%. A flurry of economic data … Read more
Nike was down more than 11% in New York premarket trade after the firm announced it is seeking for as much as $2 billion in cost cuts despite a lower sales outlook. Futures on the US Nasdaq 100 and S&P 500 both marginally down. After China shocked the industry with new regulations, a selloff also … Read more
This US economist recently issued a warning, predicting the “biggest crash of our lifetime” in 2024, with an astounding 86% decline in the S&P 500. This is the one and only location he can hide. For the past 25 years, commercial real estate has outpaced the S&P 500. Here’s how to diversify your holdings without … Read more
US Operations Executive Appointments Announced by Balfour Beatty Richard Ryan has been appointed as senior vice president, National Safety and Sustainability, and Jenni Kelley has been appointed as senior vice president, Chief Financial Officer, for the US Civils business of Balfour Beatty. In addition, Richard and Jenni are part of the national senior leadership team … Read more
After seven days, Fossil Group (NASDAQ:FOSL) has added US$10m to its market capitalization, but investors from five years ago have seen a 90% decline. Since Fossil Group did not turn a profit in the previous year, it is doubtful that the share price and earnings per share (EPS) will be highly correlated. Revenue is perhaps … Read more
