Markets

Jennifer Sor Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, New York, U.S., March 10, 2020. Andrew Kelly/Reuters US stocks rose on Friday, boosted by a streak of strong earnings reports. 79% of S&P 500 companies that reported earnings have beated estimates, according to FactSet.  Investors digested… Continue reading US stocks rise as investors cheer strong corporate earnings and shake off banking fears

Mohamed El-Erian says there are four issues that will shape the future of the global economy. Markets have been on “a rollercoaster ride” as banking tremors pile on to investors’ concerns.  El-Erian say the Fed’s efforts to reduce inflation and the US debt ceiling are key factors looking ahead. Loading Something is loading. Thanks for… Continue reading Here are the 4 issues that will determine the future of the global economy, according to Mohamed El-Erian

Kevin O’Leary dismissed talk of de-dollarization, pointing to the greenback’s dominance in commodities. The “Shark Tank” star also said he won’t accept the yuan due to lack of trust in the Chinese government. “So I don’t care what form of transaction you want to do with me in Asia, I will not take Chinese yuan.”… Continue reading ‘Shark Tank’ star Kevin O’Leary dismisses de-dollarization talk and says he won’t accept the yuan due to distrust of China’s government

Sell the S&P 500 when it rises above 4,200, Bank of America’s chief stock strategist said Friday.  “We stay bearish” as the US economy looks set to end 2023 with stress in the labor market and weak earnings.  The S&P 500 was edging toward logging a 20% gain from its bear-market low.  Loading Something is… Continue reading Investors should sell the S&P 500 above this key level as earnings defy expectations but ‘economic ambiguity’ persists, Bank of America says

Russia’s pipeline gas exports are set to halve this year, according to a report from a Kremlin-affiliated news outlet. Those losses are largely due to Russia slashing pipeline gas flows to Europe last year in retaliation for sanctions. But Russia’s economy is now struggling as it pulls in lower energy revenue, experts say. Loading Something… Continue reading Russia’s energy dominance is fading with pipeline gas exports reportedly set to fall by 50% this year

US equities climbed Thursday on more upbeat corporate earnings.  Meta Platforms beat estimates and issued strong guidance. Weaker-than-expected GDP data didn’t dampen the rally on Thursday.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. US stocks had their best day in months… Continue reading Dow soars 524 points as US stocks notch best day since January after streak of upbeat earnings

Billionaire investor Ray Dalio said he has a little bitcoin but prefers gold. On a recent podcast, he said bitcoin is volatile and has a smaller valuation than mega-cap stocks like Microsoft. “I don’t understand why people are more inclined to go to bitcoin than gold.” Loading Something is loading. Thanks for signing up! Access… Continue reading Ray Dalio says he has a little bitcoin but prefers gold, calling it ‘timeless and universal’

JPMorgan unveiled a new AI tool that can potentially uncover trading signals. The model does this by assessing 25 years worth of Federal Reserve speeches.  The tool can also be used in predicting changes in monetary policy as well. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading JPMorgan debuts AI model used to decipher Fed speeches for potential trading signals