Inflation is widely expected to record a slowdown in price growth in the United States, which could pave the way for the Federal Reserve to seriously consider cutting interest rates later this year.Meanwhile, US consumer income and spending readings may record signals that the US economy is not moving at …
Read More »Dell stock falls 8% despite positive Q1 earnings, revenues
Dell Technologies’ stock fell -8% in after-hours trading on Thursday, despite an all-around earnings beat in its first quarter. The company reported $22.24 billion in revenue and gains of $1.27 per share, beating analysts’ expectations by a large margin. Dell shares are up by over 120% year-to-date. The company’s earnings …
Read More »U.S. Futures Weaken on Treasury Yields and Fed Uncertainty, Salesforce Dips After Earnings
U.S. stock futures retreated on Thursday, signaling further losses after a prior session decline, as investors grappled with soaring Treasury yields and uncertainty surrounding the Federal Reserve’s potential interest rate cuts. By early morning trading, Dow futures dropped 0.9%, S&P 500 futures fell 0.5%, and Nasdaq 100 futures slipped 0.6%. …
Read More »Dow Jones sheds 400 points amid risk aversion
The Dow Jones Industrial Average has fallen over 400 points and is now below 38,500.00, with the major equity index down nearly nine-tenths of a percent due to investor sentiment. Demand for treasuries is declining as bid-to-cover ratios on key Treasury auctions decrease, putting downward pressure on equities and bolstering …
Read More »U.S. Stock Futures Dip as Rising Bond Yields Pressure Megacaps
U.S. stock index futures retreated on Wednesday, with megacap stocks feeling the heat from rising Treasury yields. This surge in yields fueled concerns about the timing of the Federal Reserve’s potential interest rate cuts. Tech giants like Apple, Meta, and Nvidia experienced declines in premarket trading, as the yield on …
Read More »U.S. Stock Market Embraces Faster Settlement, But Initial Challenges Loom
The U.S. stock market is transitioning to a shorter settlement cycle on Tuesday, a move regulators hope will reduce risk and enhance efficiency in the world’s largest financial market. However, this shift is expected to temporarily increase transaction failures for investors as they adapt to the accelerated timeline. Under the …
Read More »Why does Billionaire Palihapitiya See US Economy in Recession?
In an episode of the All-In Podcast, billionaire Palihapitiya discusses why over half of Americans believe the US economy is in a recession despite a 1.6% GDP rise last quarter. He suggests that the negative sentiment may be due to the components used to measure the GDP, which may give …
Read More »Asian Stocks Rebound, but U.S. Inflation Data Looms Large
Asian stock markets staged a comeback on Monday, recovering some lost ground from the previous week. This upswing was fueled by a strong finish on Wall Street last Friday, particularly driven by gains in technology stocks that propelled the NASDAQ Composite to a record-high close. However, the anticipation of crucial …
Read More »Policymaker: ECB’s first rate cut can be in June, second in September
Bundesbank President Joachim Nagel has advised the European Central Bank (ECB) to exercise caution in its interest rate decisions. He suggests that the ECB should wait until September for any subsequent rate cuts after implementing a reduction in borrowing costs in June. This warning comes ahead of a crucial meeting …
Read More »G7 warns of China’s trade war risks
European finance ministers from the Group of Seven major industrialized nations on Friday called on their countries to line up and adopt a unified stance in the face of China’s “unfair” industrial policies and also warned of the risks of a trade war in the wake of US sanctions and …
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