Good MorningEquity markets pulled back on Tuesday as investor confidence erodes. Persistent high inflation, high interest rates, and a lack of debt ceiling resolution have taken their toll, and markets are facing volatility until the issue is resolved. Additionally, there is growing concern discretionary spending will fall sharply this summer and lead to recession.
The next turning point for the market may be at hand. The S&P 500 is within a critical resistance zone with key inflation data due Friday. The PCE price index is expected to remain hot and keep the Fed on its current path.That is still the question to be answered and the market generally doesn't like uncertainty.
Featured: The single greatest medical breakthrough of all time? (Behind the Markets) 
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The global airline industry has fascinated and captivated adventurers, dreamers and business travelers. It's an industry that embodies the essence of freedom, connecting people, cultures and continents with wings of steel. However, amid the trials and tribulations recently affecting the airlines, ... Read the Full Story >> |
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From Our PartnersThis summer, a small tech company will launch a key technology to advance artificial intelligence, or AI, that can think, reason and make decisions like humans. It will change the world, just like electricity did. | | See Why AI Should Be On Every Smart Investor's Radar |
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Williams-Sonoma (NYSE: WSM) investors are celebrating a 2.3% rally in WSM stock today; the bullish reactions at the market open on Tuesday morning come after the company reported its first quarter 2023 earnings results. As the company outperforms competitors like RH (NYSE: RH) on bo... Read the Full Story >> |
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It is no surprise if you are interested in Ladder Corporation (NYSE: LADR). The stock hit bottom earlier this year; it is in a new uptrend and pays a 9% yield. The question is, what is Ladder Corporation, and is it a good buy?
Ladder Corporation is a mortgage-focused REIT or real estate inv... Read the Full Story >> |
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From Our PartnersThis summer, a small tech company will launch a key technology to advance artificial intelligence, or AI, that can think, reason and make decisions like humans. It will change the world, just like electricity did. | | | | See Why AI Should Be On Every Smart Investor's Radar |
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PetMed Express (NASDAQ: PETS) has struggled for years but may have finally hit bottom. The company’s primary competitor, Chewy.com (NASDAQ: CHWY), dominates and takes market share. The good news is that pet trends remain positive and will help support the company as it completes its turnarou... Read the Full Story >> |
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Markets | | | New Zealand's central bank raised its benchmark interest rate again Wednesday to 5.5% but signaled its next move would be a cut, sparking a sell-off in the currency.Wednesday's quarter-point rate rise was the 12th straight hike imposed by the Reserve Bank of New Zealand since October 2021. But for t... Read the Full Story >> |
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Markets | | | A defiant House Speaker Kevin McCarthy said Wednesday the debt ceiling standoff was “not my fault” as he sent Republican negotiators to the White House to finish out talks, but warned the two sides need more time as they try to reach a budget deal with President Joe Biden.McCarthy said he remained o... Read the Full Story >> |
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Markets | | | Debt ceiling talks showed few signs of outward progress Tuesday as negotiators for President Joe Biden and House Speaker Kevin McCarthy traded more budget-cutting ideas but Republicans warned of a “lack of urgency” at the White House to resolve the standoff in time to avert a potentially chaotic fed... Read the Full Story >> |
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Microbot Medical Inc. (NASDAQ: MBOT) stock spiked more than 150% on a massive 194 million share volume on a successful pre-clinical animal study for its LIBERTY surgical robotic system. Shares hit a high of $4.37 intraday before closing at $3.19 on May 22, 2023. The company also announced a $1.4 m... Read the Full Story >> |
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Tech | | | As it marks its 25th anniversary Wednesday, the European Central Bank is readying a proposed design for a digital version of the euro, responding to pressure from developing technology that could change how money is used over the bank's next decades. ECB President Christine Lagarde says a digital eu... Read the Full Story >> |
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Markets | | | TikTok is striking back against the State of Montana and its new law that bans the app.The social media giant filed a lawsuit in federal court on Monday alleging the ban "abridges freedom of speech" and is "in violation of the First Amendment," TikTok's attorneys said.The complaint also says the new... Read the Full Story >> |
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