The CNN Money Fear and Greed index showed further rise in optimism level in U.S. stock markets. How the hot jobs report may force the Fed to break the economy. Ben Emons, DotBig Managing Director of Global Macro Strategy at Medley Global Advisors, joins Worldwide Exchange to discuss inflation and what to expect from this week’s CPI report.
Futures on the Dow Jones Industrial Average gained 0.27%, while those on the S&P 500 inched 0.31% lower, as of 6.22 a.m. Private-equity firm says Kewsong Lee will step down as CEO immediately http://dotbig.com/markets/stocks/DIS/ and leave the firm at the end of this year. Russian crude and oil products exports continued to flow despite an impending embargo from the European Union that will take effect on Dec. 5.
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Markets are undergoing a seismic shift as the era of supersized returns and ultra-cheap money comes to an end, a BlackRock strategist said. Corporate America’s ‘greedflation’ window of opportunity is closing as consumers tighten their purse strings – and th… The U.S. Senate has passed the Inflation Reduction Act, earmarking $369 billion for U.S. energy security and fighting climate change.
Comcast owns 30%, and AT&T’s WarnerMedia owns the remaining 10%. Netflix and Hulu are among the most well-known https://dotbig.com/ subscription streaming services in the US. But there are a couple of important differences between the two.
But the jobs and exports data had somewhat reversed that view, he added. The Shanghai Composite Index rose 0.2% to 3,233.07 after China’s July exports beat forecasts. Exports in July surged 18% compared with a year earlier while imports rose just 2.3%, reflecting weak global demand, Chinese customs data showed Sunday. The country’s global trade surplus swelled to a record $101 billion. Ultimately, as investors navigate https://www.bankrate.com/banking/biggest-banks-in-america/ the ongoing volatility in markets, there’s no reason to be a hero at current levels betting for a big move higher, according to Lerner. Now, after a 14% rally in the S&P 500 and a 20% rally in the Nasdaq 100 since mid-June, investors are wondering if this is another head-fake rally or the start of a new, sustainable bull market. US stock futures are pointing up this morning after yesterday’s rebound on Wall Street.
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Trade-sensitive stocks like Boeing, Caterpillar and Apple all closed higher. Trade negotiations between the United States and China are expected to continue for a third day in Beijing on Wednesday. Wednesday’s moves follow a down day on Wall Street that saw stocks DotBig close lower for a second consecutive session amid a high-stakes visit by House Speaker Nancy Pelosi to Taiwan that raised worries around U.S.-China relations. The Democrats plan to introduce a 1% tax on stock buybacks as part of Joe Biden’s climate and tax bill.
- Hulu is owned in part by Disney, which will increase its stake to 60% after its deal for most of 21st Century Fox closes.
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- Investors seem to be taking a break from the nail-biting, encouraged by the unwavering resilience of the labor market.
- The Senate on Sunday approved Democrats’ big healthcare, climate and tax package after a marathon session, notching a victory for President Joe Biden’s party ahead of key midterm elections in November.
- JP Morgan offers up some reasons to buy stocks despite swirling recession fears.
Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Meanwhile, shares of AMD slipped 1.2% following a warning by the chipmaker of a worse-than-expected third quarter late Tuesday. Robinhood shares closed up nearly 12%, one day after the brokerage said it would lay off nearly a quarter of its staff and reported its sixth straight quarterly loss. Current conditions are historically consistent with tight labor markets, but there are signs pointing to downside ahead for the economy., BofA said.
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Chinese refiners drew down stocks amid high crude prices and weak domestic margins even as the country’s overall exports gained momentum. Front-month Brent prices last week hit the lowest levels since February, tumbling 13.7% and posting their largest weekly drop since April 2020, while WTI lost 9.7%, as concerns about a recession hitting oil demand weighed on prices. The Bureau of Labor Statistics on Wednesday is expected to say the consumer price index rose a slight 0.2% month-over-month in July.
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No news or research item is a personal recommendation to deal. Signs of weak demand in U.S. inventories last week had DotBig encouraged trades based on a weakening outlook, said Stephen Innes, managing director of SPI Asset Management.
Get the inside scoop on what traders are talking about — delivered daily to your inbox. The electronics giant says “lackluster demand” for its memory chips and “intensifying competition” in the smartphone sector has thrown its business off-course. US oil prices continue to recover, with crude jumping another 1.8% to $49.40 a barrel. Markets got an extra boost after President Trump reiterated on Twitter that US-China trade talks are going “very well.” Trump offered DIS stock forecast no other details on the status of the negotiations, which began Monday in Beijing. The Dow climbed 300 points, or 1.3%, at Tuesday’s opening bell on hopes for progress on a trade deal with China. That’s a sizable increase for the streaming service, which offers customers a live TV option in addition to its standard on-demand plans. Gold always performs well when investors are nervous, as they clearly are right now, says CNN Business’ Paul R. La Monica.
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