Good MorningEquity markets pulled back ahead of the August CPI report due to a rising fear of inflation. The CPI report is expected to show an acceleration at the headline level driven by oil prices. Oil prices continue to trend upward and suggest the acceleration of inflation will persist into the following month, increasing pressure on the economy. In this scenario, the FOMC is set to hike rates again this year, and they could do it more than once.
The question today is, what will the CPI show? If the data is cooler than expected, the market may continue to rally, although it's heading straight into a bull trap. Even with a cooler-than-expected CPI now, the oil price has risen more than 10% in the last 4 weeks and will impact September data. If the data is hotter than expected, the FOMC may be more hawkish than expected at the meeting next week and hike rates unexpectedly. Featured: #1 AI Stock in The World
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The world of investing and trading is abuzz with excitement as one sector theme has recently emerged as a blazing hot topic of discussion: cannabis stocks.
Over the past month, notable cannabis companies like Canopy Growth (NASDAQ: CGC), Tilray (NASDAQ: TLRY), and Aurora Cannabis (NYSE: ACB... Read the Full Story |
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From Our PartnersOn December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares... | | Get the name of the stock now... before it's too late |
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Ray Dalio, the former manager of Bridgewater Associates, has been widely regarded as one of the best macroeconomic investors of all time, with his fund's philosophy focused on building the perfect 'all-weather' portfolio. These strategies seek to take advantage of different economic developments w... Read the Full Story |
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Markets | | | Think of movies about the financial system and your mind is almost sure to go to Gordon Gekko and “Wall Street” or Leonardo DiCaprio’s gyrating Jordan Belfort in “The Wolf of Wall Street.”When Hollywood takes on Wall Street, it usually heads straight to the C-suite.The protagonist of “Dumb Money,” t... Read the Full Story |
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Digital lodging platform Airbnb Inc. (NASDAQ: ABNB) shares gained over 7% on news of being added to the S&P 500 index on Sept. 18, 2023. It will replace Newell Brands Inc.(NYSE: NWL), heading to the S&P 600 Small-Cap index. This was great news for investors as ABNB had sold off shortly aft... Read the Full Story |
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Markets | | | The British economy shrank by 0.5% in July amid a series of strikes, particularly by doctors at the start of their careers, and unseasonably wet weather, official figures showed Wednesday.The Office for National Statistics said the strikes by so-called junior doctors weighed on health sector activit... Read the Full Story |
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From Our PartnersThe former retail giant’s sales once accounted for 1% of the U.S. economy. Now it’s nearly extinct. Will the same happen to big tech? Learn more here. | | | | Learn more here. |
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Hardware and infrastructure solutions provider Dell Technologies Inc. (NASDAQ: DELL) has proven to be a large benefactor of the artificial intelligence (AI) wave. The company reported a large EPS beat by 60 cents for its fiscal Q2 2024, despite revenue falling 13.2%. The company raised its estimat... Read the Full Story |
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Markets | | | A record of more than one in five young Chinese are out of work, their career ambitions derailed by a depressed job market as the economy struggles to regain momentum after its long bout with COVID-19 Read the Full Story |
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Markets | | | Shares of TKO Group, the new company that houses WWE and UFC, opened at $102 per share in their first day of trading on the New York Stock Exchange on Tuesday.Endeavor Group Holdings Inc. has closed its previously announced deal with World Wrestling Entertainment Inc. The pairing of WWE with the com... Read the Full Story |
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Markets | | | New Zealand’s economy is expected to remain sluggish for another two years, although the overall picture is rosier than many observers had feared, new figures released Tuesday indicate.The nation’s Treasury released the projections ahead of an election next month. They showed a slight deterioration ... Read the Full Story |
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Oracle (NASDAQ: ORCL) shares are down a solid 10% following the FQ1/CQ3 earnings report. The shocking news gave the market a reason to sell off, but this is not the time to run for cover. Shares of Oracle are down due to high expectations, tepid performance relative to those expectations, and the ... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The company operates in two segments, Exploration and Production, and Midstream. It conducts production operations primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities principally offshore Guyana, the U.S. Gulf of Mexico, and offshore Suriname and Canada. The company is also involved in gathering, compressing, and processing natural gas; fractionating NGLs; gathering, terminaling, loading, and transporting crude oil and NGL through rail car; and storing and terminaling propane, as well as providing water handling services primarily in the Bakken Shale plays in the Williston Basin area of North Dakota. The company was incorporated in 1920 and is headquartered in New York, New York. | | View Today's Stock Pick |
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