Good MorningEquity markets tried to regain their footing on Tuesday, but the outlook continues to sour, so do not read too much into the move. The FOMC chief Jerome Powell made remarks on Tuesday that point to more rate hikes than the market currently has priced in. If the committee follows through on this hint, interest rates could peak above 5.0% and remain above 5.0% until 2024, provided there is no recession in the interim.
The next big hurdle for the market will come on Friday with the twin releases of the CPI index and bank earnings. The index is expected to show cooling at the monthly and YOY levels but to remain hot relative to the FOMC's target of 2.0%. In this light, the market might expect the FOMC to possibly reduce the pace of interest rate hikes to a 25 basis point pace but to extend the timeframe for hiking into the second half of the year. Featured: The DOJ Just Paved the Way for Account Seizures (Ad) 
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Stocks | | | Stocks wavered in uncertain trading on Wall Street Tuesday ahead of key updates this week on inflation and company earnings.
The S&P 500 rose 0.1% as of 12:10 p.m. Eastern. The benchmark index is roughly evenly split between gainers and losers and has shifted between a loss of 0.4... Read the Full Story |
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I believed the promise that he would finally confront the single most dangerous threat to American life. That he would fix the ticking time bomb I’ve been warning about for 15 years.
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Markets | | |
Data aggregator Salesforce Inc. (NASDAQ: CRM) is in rally mode, notching gains in the past three sessions. The stock gapped up at the open Monday and ended the session 4.69% higher at $147.10.
The company started off the new year by announcing it would lay off 10% of its workforce. It&rsquo... Read the Full Story |
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Stocks | | | Stocks edged lower in uncertain trading on Wall Street Tuesday ahead of key updates this week on inflation and company earnings.
The S&P 500 fell 0.2% as of 10:36 a.m. Eastern. The Dow Jones Industrial Average fell 60 points, or 0.2%, to 33,450. The Nasdaq fell 0.2%.
... Read the Full Story |
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From Our Partners | | It’s Crypto Week at the White House — and the sector is moving from fringe to full-scale adoption.
With Bitcoin hitting $123,000 and giants like BlackRock and Fidelity pouring in, one expert believes a lesser-known coin could soon be vaulted to the top — possibly even landing in the government’s digital reserve. | | See the coin positioned to win from Washington’s crypto push |
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Markets | | | Stocks are opening higher on Wall Street, extending gains from last week when the market posted its first weekly gain in five weeks. Energy stocks were among the biggest winners as crude oil prices rose about 3%. Technology stocks were also higher. Macy’s sank after tempering its sales forecast for ... Read the Full Story |
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Markets | | | Even if fully autonomous driving isn’t ready for the consumer marketplace, companies like Mobileye Global Inc. (NASDAQ: MBLY) are perfecting the technologies to make that a reality.
Mobileye, spun off from Intel Corporation (NASDAQ: INTC) in October, has been trending higher recently, w... Read the Full Story |
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From Our Partners | | A Historic Gold Announcement Is About to Rock Wall Street?
For months, sharp-eyed analysts have watched the quiet buildup behind the scenes. Now, in just days, the floodgates are set to open. The greatest investor of all time could validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent — and four tiny miners could be your ticket to 100X gains. | | Click here to get Garrett’s Top Four picks now. |
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Markets | | |
The Lockheed Martin Corporation (NYSE: LMT) ended 2022 with a bang, reaching an all-time high of $498. And investors will be backing them to do more of this in the months ahead. Let’s see what some of the drivers from recent weeks might be for this.
For those that don’t know, Lockheed... Read the Full Story |
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Markets | | |
WD-40 Company (NYSE: WDFC) issued a report that echoed news from RPM International (NYSE: RPM) and has it and other materials stocks moving lower. The news is revenue in calendar Q4 was weak and the near-term outlook is dimming due to the steadily increasing pressure of inflation and rising intere... Read the Full Story |
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Tech | | | Dressed in a canary blue suit on a warm December night, sweat dripping from his brow, Bishop Lawrence Rolle belts out the lyrics to his latest hit song for the hundreds of children and adults gathered to celebrate Christmas.
“FTX!,” he sings, bent over and shaking his head for emphas... Read the Full Story |
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Politics | | | America’s employers added a solid 223,000 jobs in December, evidence that the economy remains healthy even as the Federal Reserve is rapidly raising interest rates to try to slow economic growth and the pace of hiring Read the Full Story |
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Markets | | |
If you wonder why Marathon Digital Holdings (NASDAQ: MARA) is trending higher in the first weeks of the new year, it is because of Bitcoin (CRYPTO: BTC) prices. The uptrend in Marathon Digital began on December 28, 2022, and coincided with the latest bottom in Bitcoin. This correlation is to be ex... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts. It also offers business lending products; SME loans; consumer lending products, such as residential mortgage loans and other consumer lending loans; and mortgages. In addition, the company provides working capital solutions; debt and equity market solutions; various loans; payments; and cash management, trade and corporate finance, and treasury services, as well as savings, investment, insurance, and digital banking services. It serves individual customers, corporate clients, and financial institutions. ING Groep N.V. was founded in 1762 and is headquartered in Amsterdam, the Netherlands. | | View Today's Stock Pick |
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