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 […]
Microsoft shares drop as cloud miss overshadows better-than-expected revenue and earnings – 31 Jul
Stock Market News Microsoft shares drop as cloud miss overshadows better-than-expected revenue and earnings – CNBC PayPal lifts 2024 profit forecast for second time as spending holds up, margins improve – Reuters JetBlue jumps 17% after surprise profit, $3 billion aircraft spending deferral – CNBC Buffett’s sales of Bank of America stock top $3 bln – Reuters AMD […]
US stock quick picks – Jul 30
Stock Market News McDonald’s posts surprise drop in quarterly global sales as spending slows – Reuters Apple’s artificial intelligence features to be delayed, Bloomberg News reports – Reuters Microsoft’s costs in focus as fears rise over slow payoff from AI – Reuters Delta Air Lines to seek compensation over cyber outage, CNBC reports – Reuters Tesla jumps on replacing […]
Big Week: Fed’s next moves could seal the fate of tech stocks and small-caps Jul 29
Stock Market News Short seller Andrew Left charged with fraud by prosecutors, SEC – CNBC Apple’s no longer among top 5 smartphone vendors in China as domestic brands dominate market – CNBC Fed’s key inflation gauge rose 2.5% in June from a year ago, in line with expectations – CNBC Treasury yields slip after release of key inflation […]
Asia Morning 29 Jul, bracing for volatility
Asia Morning 29 Jul, bracing for volatility Asia on Monday kicks off a pivotal week for world markets which includes policy decisions from the Bank of Japan and Federal Reserve, U.S. employment data, inflation numbers from Australia and South Korea, and purchasing managers index reports from around the world. Coming on the heels of the previous week’s volatility, […]
US Equities Week ahead – Jul 28
US Equities Week ahead Earnings Earnings spotlight: Monday, July 29 – McDonald’s (MCD), ON Semiconductor (ON), and Welltower (WELL). See the full earnings calendar. Earnings spotlight: Tuesday, July 30 – Microsoft (MSFT), Procter & Gamble (PG), Merck (MRK), Advanced Micro Devices (AMD), Pfizer (PFE), Starbucks (SBUX), and S&P Global (SPGI). See the full earnings calendar. Earnings spotlight: Wednesday, July […]
US stock quick picks – Jul 26
Top Movers: Under $10 Predictive Oncology Inc (POAI) is up 82.20% today to trade at the current level of $1.95. This comes after the company announced that it is expanding its AI/ML driven drug discovery platform to pursue the discovery of novel biomarkers that can be used to predict patient outcomes and drug response in […]
U.S. economy grew at a 2.8% pace in the second quarter, more than expected 26 Jul
Stock Market News Southwest to get rid of open seating, offer extra legroom in biggest shift in its history – CNBC U.S. economy grew at a 2.8% pace in the second quarter, more than expected – CNBC OpenAI tests ‘SearchGPT’ prototype as direct challenge to Google search engine – New York Post American forecasts lower unit revenue, […]
Asia Morning 26 Jul
Snapshot of market data. For more Asian market news, click here. U.S. stock markets tried to steady from their epic one-day shakeout before giving it up late in the day, amid jitters about AI earnings potential that deflated megacaps, and, thus, the whole market on Wednesday. The S&P 500 and Nasdaq rallied during the session, […]
