A group of analysts from JPMorgan’s trading desk say a new record high for S&P 500 “feels inevitable.” Huge money waiting on the sidelines makes a technical correction seem unlikely, they said. Strong economic growth and improving earnings should put the index on pace for an all-time high. Loading Something is loading. Thanks for signing… Continue reading Why JPMorgan’s trading desk says a new record high in the S&P 500 ‘feels inevitable’
US stocks trade mixed amid earnings rush and fresh economic data
Jason Ma Gen Z is putting more stock into careers in finance, with one in four recent graduates considering the field a top career sector. Photo by ANGELA WEISS/AFP via Getty Images US stocks finished mixed Tuesday amid more earnings reports and fresh economic data. The number of job openings dropped by more than expected,… Continue reading US stocks trade mixed amid earnings rush and fresh economic data
The legal debate on whether cryptocurrencies are subject to SEC rules just got more complicated
A federal judge said the SEC has plausible reason to see Terraform’s crypto as a security. This goes against another judge’s decision last month that said XRP was not a security in some cases. The separate findings complicate the regulatory outlook for the crypto industry. Loading Something is loading. Thanks for signing up! Access your… Continue reading The legal debate on whether cryptocurrencies are subject to SEC rules just got more complicated
Russian stocks are back at pre-war levels as investors see them as safer bet than falling ruble
Russian stocks are back at pre-war levels as investors see them as safer bets amid the falling ruble. The Moex index closed at 3,093.64 on Tuesday, above where it was when Russia invaded Ukraine on February 24, 2022. Western sanctions and Russia’s capital controls have left domestic investors with few options. Loading Something is loading.… Continue reading Russian stocks are back at pre-war levels as investors see them as safer bet than falling ruble
Uber stock slumps despite first quarterly operating profit ever
Uber reported its first operating profit ever in the second quarter. It’s stock dropped roughly 5% Tuesday, however, as results missed analysts’ expectations. CEO Dara Khosrowshahi said the company achieved its first quarter of free cash flow over $1 billion. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Uber stock slumps despite first quarterly operating profit ever
US stocks rally late to finish July with robust month of gains
Filip De Mott Jason DeCrow/ASSOCIATED PRESS US stocks rallied at Monday’s close, wrapping up a month of strong gains. That’s as July saw inflation cool past expectations, as well as strong earnings. Investors can gear up for Apple and Amazon to release their reports on Thursday. Loading Something is loading. Thanks for signing up! Access… Continue reading US stocks rally late to finish July with robust month of gains
Exxon looks to EV boom as oil giant is in talks to supply lithium to Tesla and other automakers, report says
Exxon Mobil is in talks with car manufacturers to become a lithium supplier, sources told Bloomberg. That includes Tesla, Volkswagen, and Ford. Battery manufacturers such as Samsung are also involved. The oil giant is putting effort into joining the EV race, already drilling for lithium in Arkansas. Loading Something is loading. Thanks for signing up!… Continue reading Exxon looks to EV boom as oil giant is in talks to supply lithium to Tesla and other automakers, report says
Wharton professor Jeremy Siegel says the stock market is headed to new all-time highs thanks to a strong economy and resilient corporate earnings
Stocks are headed for a new record, Wharton professor Jeremy Siegel told CNBC on Friday. “Lower inflation and stronger economy and good guidance and good profits, what’s to stop this market now?” The S&P 500 is just 4% away from its all-time-high of 4,796, which it notched in January 2022. Loading Something is loading. Thanks… Continue reading Wharton professor Jeremy Siegel says the stock market is headed to new all-time highs thanks to a strong economy and resilient corporate earnings
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