Category: Latest News
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New Residential Construction Increases, Building Permits Slumped
The Commerce Department released a report on Tuesday unexpected showing a substantial increase in new residential construction in the U.S. in the month of November. The report said housing starts soared by 14.8 percent to an annual rate of 1.560 million in November after inching up by 0.2 percent to a downwardly revised rate of…
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Futures Pointing To Continued Strength On Wall Street
The major U.S. index futures are currently pointing to a modestly higher open on Tuesday, with stocks likely to see further upside after ending the previous session mostly higher. Optimism about the outlook for interest rates may contribute to continued strength on Wall Street, as stocks appear poised to extend the upward trend seen over…
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Investment Insights: Expert Analyst Opinions on Amgen, Estee Lauder, Netflix, Shopify, Snap…
American International Group: BMO Capital Markets upgrades to outperform from market perform and raises the target price from $72 to $83. Amgen: BMO Capital Markets upgrades to outperform from market perform and raises the target price from $286 to $326. Apollo Global Management: William O’Neil & Co Incorporated upgrades to buy from dropped coverage. Carrier…
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Copper Edges Up, Gold Heading For Record Year
Copper prices edged higher despite broad concerns over weak demand in top metals consumer China, and as investors continued to keep a close eye on the path of interest rates. According to analysts, markets continue to price in a 25 basis-point interest rate cut by the Fed as early as March. “The communication and timing…
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Oil Prices Mixed
Oil prices were mixed on concerns over global trade disruptions after major shipping and oil-and-gas companies paused transit in the Red Sea due to escalating attacks from Yemen’s Houthi rebels. The U.S. and other nations have set up a naval force to protect vessels in the area, while an increasing number of companies were rerouting…
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Yen Falls
The yen fell after the BOJ kept its ultra-loose policy unchanged and offered no hints of a possible switch in direction, but losses were limited, suggesting investors still expect the central bank to tighten next year, UniCredit Research said. “This relatively moderate reaction… suggests that investors are still confident that a change in the BOJ…
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S&P 500 Eyes Record High as Rate Cut Hopes Underpin Sentiment
Stock futures hovered on Tuesday as investors continued to revel in an expected loosening of monetary policy in 2024 amid a ‘soft landing’ for the economy. Some Fed officials in recent days appeared to push back against the market’s hopes for lower borrowing costs as early as March, but equity investors seem to have shrugged…
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Google $700M Antitrust Settlement, TSMC Chairman Retirement, Tesla Nevada Wage Hike, and More
U.S. index futures maintain stability in Tuesday’s pre-market, on a day with few scheduled economic events. As of 05:28 AM, the futures of the Dow Jones (DOWI:DJI) rose 17 points, or 0.05%. The futures of the S&P 500 rose 0.06% and the futures of the Nasdaq-100 rose 0.03%. The yield rate of 10-year Treasury bonds…
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US Futures Flat, European Stocks Gain
U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average were flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.3% in morning trading. Samhaellsbyggnadsbolaget added 4.3% and Auto1 Group rose 2.8%. On the other hand, Assura dropped…
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Top Company News of the Day: Cevian, UBS, Google, SQM, Azure
Cevian Buys 1.3% of UBS Cevian has taken a stake in UBS worth $1.3 billion, saying it sees significant value potential in the bank after its takeover of Credit Suisse. Why UBS Wants to Be the No. 6 Investment Bank in the U.S. (Yes, No. 6) Swiss financial giant UBS is making a new push…