Good MorningEquities gave up some of their gains on Thursday with the tech-heavy NASDAQ Composite leading the way. The NASDAQ index fell more than 2.5% at the low of the day as investors weigh the impact of an accelerated FOMC rate-hike timeline on a sector laden with debt. The S&P 500 fell a smaller 1.0% at the low of the day while the blue-chip Dow Jones Industrial Average tried to post a small gain.
In regards to the FOMC and the timing of interest rate hikes, the Fed did not comment on how long after the taper ends it will wait to raise rates. If the Fed waits until May like the market is expecting that will mean 13 months of rising inflation and inflation well above the 2.0% mark. If the inflation trends don’t change and the Fed does wait until May we expect the first hike to be worth 2 to 3 0.25 increases.
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Markets | | | Although the global chip shortage appears to be easing somewhat, the law of supply and demand is spurring growth in chipmakers such as Nvidia (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD) and Qualcomm (NASDAQ: QCOM). Read the Full Story |
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Markets | | | We’re here to help. In this article, we’re going to compare MarketBeat to MarketWatch. A common feature of both sites is access to extensive free information. In some cases, the sites give you free access to information that other sites keep behind a pay wall. Read the Full Story |
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Markets | | | Electric vehicle upstart Rivian Automotive posted a $1.23 billion net loss in the third quarter due to costs from starting production of its pickup truck.
The company said in its first public earnings report since its initial stock offering that it lost $12.21 per share for the quarte... Read the Full Story |
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Politics | | | China has said it will take unspecified “necessary measures" to safeguard its institutions and enterprises after the U.S. Senate passed a new law barring imports from the Xinjiang region unless businesses can prove they were made without forced labor Read the Full Story |
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Tech | | | Dan Ammann, CEO of General Motors' Cruise autonomous vehicle subsidiary, is leaving the Detroit company.
GM didn't give a reason in a short statement Thursday but said that Kyle Vogt, president and chief technical officer, would be Cruise's interim CEO.
The leadership c... Read the Full Story |
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Politics | | | Stocks wobbled in afternoon trading on Wall Street Thursday as investors study moves by central banks to fight rising inflation.
The S&P 500 fell 0.5% as of 2:02 p.m. Eastern and is sitting just below the record high it reached last Friday. The Dow Jones Industrial Average rose 80... Read the Full Story |
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Markets | | | Kellogg's has reached a new tentative agreement with its 1,400 striking cereal plant workers that could bring an end to the strike that began Oct. 5.
Members of the Bakery, Confectionary, Tobacco Workers and Grain Millers International Union will vote on the new offer that includes co... Read the Full Story |
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Markets | | | Worthington Industries (NYSE: WOR) is well-positioned for the current market as the marker of specialty steel products for a wide range of businesses and applications. The company is benefiting not only from demand but from rising prices for steel that are juicing the top and bottom-line results. Read the Full Story |
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Markets | | | Accenture’s (NYSE: ACN) decision to focus on digital, the cloud, and security was the right move at the right time. Now, several years later, the company is not only growing but seeing its growth accelerate on a sustained basis as businesses flood to the cloud. Read the Full Story |
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Markets | | |
I once did a presentation to a group of (unfortunately, disgruntled) employees about goal setting and received some feedback about the topic (not about my presentation skills, though they were probably referring to both):
"Goal-setting is boring."
"I like to live in the moment."
"... Read the Full Story |
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The Early Bird Stock Of The Day Biglari Holdings Inc., through its subsidiaries, primarily operates and franchises restaurants in the United States. It owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. The company also engages in underwriting commercial trucking insurance; selling physical damage and non-trucking liability insurance to truckers; and providing property and casualty insurance. In addition, it operates oil and natural gas properties in the Gulf of Mexico; and publishes and sells magazines under the MAXIM brand name. Further, it licenses media products and services; and engages in the investment activities. The company was formerly known as The Steak n Shake Company and changed its name to Biglari Holdings Inc. in April 2010. Biglari Holdings Inc. was founded in 1934 and is based in San Antonio, Texas. | | View Today's Stock Pick |
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