Good MorningEquity markets started the week strong with the S&P 500 Rising more than 1.3% on Monday. It appears the market is shrugging off the fear of rising inflation that was caused by last week's FOMC meeting. Even so, the risk of inflation is still present and this week poses another threat to the rally. The May personal income and spending data is due out on Friday and with it the PCE price deflator.
Core consumer inflation is expected to have subsided by 0.10% over the last month to 0.6%, the risk is that it will be hotter than expected. A hotter than expected number will increase the expectation for future rate hikes and may put a cap on the rally. If the market likes what it sees, however, it could be off to the races with the S&P 500 moving up to set a new all-time high.
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Markets | | | Asian shares have rebounded from their retreat a day earlier, tracking Wall Street's recovery from the Federal Reserve's reminder it will eventually provide less support to markets.
Japan's benchmark Nikkei 225 jumped 2.8% in morning trading to 28,785.24. Australia's S&P/ASX 200 a... Read the Full Story |
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Politics | | | Asian shares were mostly higher on Tuesday, with most benchmarks tracking Wall Street's recovery from the Federal Reserve's reminder that it eventually will provide less support to markets.
Japan's benchmark Nikkei 225 jumped 3.1% in afternoon trading to 28,883.46. Australia's S&P... Read the Full Story |
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Stocks | | | Crude oil has been in a solid uptrend since this time last year, tacking on more than 600% from the crazy days of 2020 when the price of a barrel briefly went down to the single digits. It’s now trading above $70 for the first time since 2018 and unsurprisingly this has had a positive effect o... Read the Full Story |
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Politics | | | Global shares were mixed Tuesday after Wall Street's recovery from its latest bout of jitters over future central bank policies.
France's CAC 40 shed 0.1% in early trading to 6,594.02, while Germany's DAX slipped 0.3% to 15,550.99. Britain's FTSE 100 added 0.3% to 7,079.95. The future... Read the Full Story |
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Markets | | | Germany-based Atai Life Sciences (NASDAQ: ATAI), a biotech backed by Peter Thiel, a founder of PayPal, made its public debut Friday. Atai focuses on the use of psychedelics to treat mental health conditions. It’s considered a clinical-stage biotech. The company does not yet have regulators’ OK to move forward with treatments. Read the Full Story |
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Markets | | | Premium high-performance video gaming products maker Corsair Gaming (NASDAQ: CSRS) stock has recently spiked and sold off hard on the heels of the meme stock momentum. However, a look underneath the hood reveals improving fundamentals and strong tailwinds that can elevate shares from certain price s... Read the Full Story |
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Markets | | | Nissan Chief Executive Makoto Uchida pleaded for patience from disgruntled shareholders Tuesday and promised a turnaround at the Japanese automaker, which is projecting a third year of losses as it struggles to distance itself from a scandal over its former chairman, Carlos Ghosn.
“Wh... Read the Full Story |
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Politics | | | The Supreme Court ruled unanimously Monday the NCAA can’t limit education-related benefits — like computers and paid internships — that colleges can offer their sports stars, a victory for athletes that could help open the door to further easing in the decades-old fight over paying student-athletes.... Read the Full Story |
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Markets | | | Real Asset North American Construction Group Bags Major Project
With inflation on the rise and questions about what to do next in the air, it's time once again to turn towards real assets like North American Construction Group (NYSE: NOA). Real assets include things like commodities, real estate, a... Read the Full Story |
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Markets | | | Bitcoin transactions are recorded on a blockchain, a distributed ledger that cannot fail. Government doesn't control bitcoin (unlike banks) and that's why devotees (mostly late Gen Xers or early Millennials) flock to it. But all ideals aside, should you invest in gold? Read the Full Story |
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The Early Bird Stock Of The Day Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services. This segment also provides LinkedIn; and dynamics business solutions, including Dynamics 365, a set of intelligent, cloud-based applications across ERP, CRM, power apps, and power automate; and on-premises ERP and CRM applications. The Intelligent Cloud segment offers server products and cloud services, such as azure and other cloud services; SQL and windows server, visual studio, system center, and related client access licenses, as well as nuance and GitHub; and enterprise services including enterprise support services, industry solutions, and nuance professional services. The More Personal Computing segment offers Windows, including windows OEM licensing and other non-volume licensing of the Windows operating system; Windows commercial comprising volume licensing of the Windows operating system, windows cloud services, and other Windows commercial offerings; patent licensing; and windows Internet of Things; and devices, such as surface, HoloLens, and PC accessories. Additionally, this segment provides gaming, which includes Xbox hardware and content, and first- and third-party content; Xbox game pass and other subscriptions, cloud gaming, advertising, third-party disc royalties, and other cloud services; and search and news advertising, which includes Bing, Microsoft News and Edge, and third-party affiliates. The company sells its products through OEMs, distributors, and resellers; and directly through digital marketplaces, online, and retail stores. The company was founded in 1975 and is headquartered in Redmond, Washington. | | View Today's Stock Pick |
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