Shopify shares soar 22% after earnings top expectations, upbeat forecast – Aug 8
Trends to Watch That’s All Folks: Warner Bros. Discovery sinks after taking massive $9.1 billion impairment charge on its cable business (Yahoo! Finance) Bad Match: Bumble shares fall 30% after its annual revenue forecast cut sparks growth fears (Reuters) Tumbled: Crypto Turns Broadly Lower in U.S. Afternoon Trade as Stocks Give Away Gains (CoinDesk) Meme Coin: Dogwifhat leads the market with […]
Gold eases as dollar, yields firm; Fed rate cut hopes lend support 7 Aug
Investors in Asia will be hoping that the recovery in global sentiment and risk assets on Tuesday extends into Wednesday, although the rebound in U.S. bond yields and the dollar may cool some of that optimism. Nothing epitomized ‘Turnaround Tuesday’ more than the whoosh in Japanese stocks – a day after tumbling 12% in their second biggest fall on record, stocks rallied […]
Berkshire Trades Apple & BOA for T-Bills as Buffett’s Conviction Wanes
Trends to Watch Black Monday: Bitcoin Bounces to $53K After Brutal Sell-Off Reminiscent of Covid Crash (CoinDesk) Welcome Back to the 80s: Is This 1987 All Over Again? What’s Driving the Market Meltdown? (Wall Street Journal) Thanks, BOJ: How the Bank of Japan wrecked the yen carry trade — and crypto markets (Cointelegraph) Defense: Traders Rush to Hedge Against Extreme Market […]
Tech stocks wrap up steepest 3-week slump in 2 years
Daily insights, the most important stock market news, so you can stay informed. Stock Market News Tech stocks wrap up steepest three-week slump in two years, led by plunge in Amazon and Intel – CNBC Jobless rates fall in July for Asian Americans, bucking the overall trend – CNBC Job growth totals 114,000 in July, […]
Asia Morning 5 Aug
Asian markets on Monday get their first chance to react to the extraordinary market moves on Friday that saw stocks and bond yields tumble, and volatility and rate cut expectations soar following an unexpectedly soft U.S. employment report. That ‘risk off’ sentiment and momentum is sure to spill over into Asia, which was already wobbling last week after the Bank of Japan‘s hawkish […]
Equities Week ahead – Aug 4
US equities week ahead Earnings Earnings spotlight: Monday, August 5 – CSX Corporation (CSX), Williams Companies (WMB), Tyson Foods (TSN), and Carlyle Group (CG). See the full earnings calendar. Earnings spotlight: Tuesday, August 6 – Amgen (AMGN), Caterpillar (CAT), Uber Technologies (UBER), Airbnb (ABNB), Duke Energy (DUK), Celsius Holdings (CELH), and Yum! Brands (YUM). See the full earnings […]
US stock quick picks – Aug 3
Shortlist of US stocks Top Movers: Under $10 VSee Health Inc. (VSEE) is up 112.35% today to trade at the current level of $5.16. This comes after the company announced an agreement with Ava Robotics to develop Telepresence solutions for the Hospital Inpatient Intensive Care Market. OS Therapies Inc (OSTX) zoomed 45.00% in today’s trade to […]
Coinbase Stock Rises On Revenue Beat, Jump In Crypto Activity – 2 Aug
Powell’s shift led to Nasdaq & S&P 500 best day in 5 months – 1 Aug
Time to celebrate Stocks up Fed Chair Jerome Powell has confirmed that an interest rate cut “could be on the table as soon as September” if inflation and jobs continue to improve. Translation: Keep an eye on the incoming data. The odds of a 50 basis point rate cut also climbed after the comments, underscoring […]
Fed left rates unchanged
After an unexpectedly bold move from the Bank of Japan, the Federal Reserve indicating that U.S. rates are about to come down, and an explosive rise in U.S. megacap stocks on Wednesday, investors may be in need of some respite on Thursday. Good luck with that. Aside from the continuing ripples across all asset classes from the BOJ, Fed […]
