It’s the evolution of profits that counts. Fourth-quarter estimates, which had been stable for some time, have seen a rapid decline in recent weeks. The S&P 500 was expected to see an 11% fourth-quarter profit gain on October 1, and that expectation has now fallen to 7.8%. Stock prices deviate from future earnings and dividend …
The stock market cannot sustain a rally and that bodes ill as the selloff accelerates. THE S&P500 the index fell 2.5% last week, while the Nasdaq Composite decreased by 2.6%, and the Dow Jones Industrial Average fell 2.1%. This puts the S&P 500 and Nasdaq in correction territory, down 10% or more from their highs …
Ford shares jump 2% after auto giant reaches deal with UAW The United Auto Workers and Ford Motor have agreed in principle to the terms of a tentative deal that could conclude a strike at the automaker, sources confirmed to CNBC. An agreement in principle could be announced as early as Wednesday evening, pending approval …
An hour ago Bitcoin surpasses $35,000 for the first time in over a year The price of Bitcoin crossed the $35,000 mark on Monday evening for the first time since May 2022. The cryptocurrency was up more than 10% at $34,611.38, according to Coin Metrics. Around 10:30 p.m. ET, it reached around $35,100. The rally …
Bill Ackman isn’t the only bold Wall Street name who believes the U.S. economy is in worse shape than official data suggests. To see: Bill Ackman Cashes Bet Against Treasuries as Yields Hit 16-Year High Bill Gross, co-founder of fixed-income investment giant Pacific Investment Management Co., said Monday in a post on social media platform …
4 hours ago China’s benchmark index falls below one-year low, hits lowest level since February 2019 Mainland Chinese markets fell earlier this week, with the benchmark CSI 300 index dipping below a one-year low on Monday and hitting its lowest level since February 2019. The index, which tracks the top 300 stocks traded on the …
An hour ago UK 30-year borrowing costs hit highest level since 1998 The yield on long-term British government bonds rose to its highest level since 1998 on Friday, according to Reuters data, reflecting a global trend of rising yields amid unrest in the Middle East and a message of rising prices. long-term rates have been …
An hour ago Look for opportunities if the 10-year yield hits 5% Traders are closely watching the 10-year Treasury yield to see if it finally hits 5%, a first since 2007, but eagle-eyed investors with a long-term perspective could find bargains if they know where to look. For starters, investors who have placed their fixed …
BlackRock offers target date exchange-traded funds aimed at helping people save for retirement outside of a 401(K) plan. Investors can select a fund from a new group of professionally managed ETFs that most closely matches their retirement date. On the scheduled date, the funds will be transferred into the iShares Target Retirement ETF, according to …
Evercore ISI is updating some of its top picks that it says are poised to benefit from the application of artificial intelligence as the third-quarter earnings season shifts into high gear. Ongoing macroeconomic challenges, such as rising bond yields, rising oil prices and war in the Middle East, could provide a daunting backdrop as third-quarter …