US and China continue to be the top credit ratings to keep an eye on in 2024. LONDON (Reuters) – 2024 may mark significant changes in several sovereign credit ratings due to the U.S. and China being on downgrade alerts, Turkey expecting to receive an upgrade after a ten-year hiatus, Israel facing its first drop, … Read more
CHART OF THE DAY: According to Bank of America, the long-term equity bull market is still strong. The Bank of America Chart of the Day illustrates the Dow Jones Industrial Average’s long-term growth. The graphic indicates to BofA that, following the Dow’s record high this week, the long-term bull market in stocks is still very … Read more
For the first time in nine months, Germany’s 10-year yield went below 2% following news that producer prices had declined more than anticipated in November. Amid concerns that the region is headed for a recession, the Stoxx Europe 600 index gave up its early gain and is currently trading roughly 0.2% lower. The statistics revealed … Read more
US equities continued their seven-week upward trend on Monday, despite efforts by Federal Reserve officials to temper expectations for rate reduction. The Dow Jones Industrial Average (^DJI) barely managed to set another record closing, remaining essentially unchanged. The tech-heavy Nasdaq Composite (^IXIC) increased by around 0.6%, while the benchmark S&P 500 (^GSPC) climbed by roughly … Read more
Dec. 18, 2023 (GLOBE NEWSWIRE) — SHANGHAI, China In the premium smart electric vehicle market, NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) is a leader and innovator. Today, it announced that it has entered into a share subscription agreement with CYVN Holdings L.L.C. (“CYVN Holdings”), through its affiliate CYVN Investments RSC Ltd (the “Investor” … Read more
Following a seven-week surge, the S&P 500 had a 0.5% increase as news of over $40 billion in mergers and acquisitions broke on Monday, following months of underwhelming volumes. For the second straight day, the Nasdaq 100 closed at a record after rising 0.6%. Read more: In the last stretch of the year, dealmakers reveal … Read more
Asia equities fell on Monday, marking a muted start to a week in which the Japanese central bank may move farther away from its ultra-easy policies. Meanwhile, market pricing of interest rate reduction in the US is anticipated to be supported by a significant reading on inflation. There is a lot of talk leading up … Read more
Drillers have pushed oil production to a record just as OPEC and its allies placed a brake on supply in an effort to stop price drops. The producers are based in the Permian Basin in West Texas and the Bakken Shale in North Dakota. Their actions have exceeded the expectations of experts. Forecasters for the … Read more
With its stock rising by a noteworthy 9.6% in the past month, Thermo Fisher Scientific (NYSE:TMO) has had a fantastic run on the stock market. We question if this is the case in this situation, given the market tends to reward good financials over the long run. We will be focusing on Thermo Fisher Scientific’s … Read more
As of now, we know that return on equity (ROE) gauges how well a business makes money. The amount of profit that the firm “retains” for future expansion must now be assessed in order to determine its potential for growth. If everything else stays the same, a company’s growth rate will be better if its … Read more
