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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