Category: Top Story
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Ed Yardeni Sees Parallels to 1999 Tech Bubble in Current Market Rally
The ongoing market upswing shows signs reminiscent of the late 1990s tech bubble, with major indices hitting record levels and valuations stretching higher even as corporate earnings continue to rise, according to Ed Yardeni, founder and president of Yardeni Research. Last week, the Dow, S&P 500, Nasdaq, and Russell 2000 all posted new highs, boosted…
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Dollar steadies as markets await Fed commentary and inflation data
The U.S. dollar held steady on Monday after last week’s swings, with investors focusing on a series of Federal Reserve speeches that could shed light on upcoming monetary policy, ahead of critical inflation figures. At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against six major currencies, was slightly lower at 97.155.…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Slip as Tech Earnings and Economic Data Take Center Stage
U.S. stock futures inched lower Monday as traders prepared for a week dominated by tech earnings reports and key economic indicators. Micron is among the spotlight companies, with investors watching closely for signs of momentum in the artificial intelligence sector. Meanwhile, Indian IT stocks fell following the announcement of a new U.S. H-1B visa fee,…
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Gold Maintains Highs as Rate-Cut Prospects Support Bullion
Gold prices advanced in Asian markets on Monday, remaining near last week’s record levels, driven by optimism over additional U.S. interest rate cuts following the Federal Reserve’s recent move. The metal’s gains were tempered by a modest rebound in the U.S. dollar, which has recovered from its lowest point in more than three years. Spot…
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Oil Gains Amid EU Sanctions Threat and Ukrainian Attacks
Oil prices in Asia edged higher on Monday after a week of declines, as traders considered the potential impact of new European Union sanctions on Russia and ongoing Ukrainian strikes targeting energy infrastructure. At 21:50 ET (01:50 GMT), November Brent futures rose 0.6% to $67.06 per barrel, while WTI crude gained 0.5% to $63.02 per…
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Trend Followers Continue Adding Equities as Volatility Falls, Says BofA
Trend-following investors have been steadily increasing their U.S. equity positions as realized market volatility declines, according to Bank of America. The bank noted that Commodity Trading Advisors (CTAs) “have been running maximum long positions in S&P 500, Nasdaq 100 and Nikkei 225 futures for some time now,” and the easing of volatility likely encouraged continued…
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Cruise line shares slide amid rising concerns over promotional activity
Shares of major cruise operators dropped on Friday as investors reacted to growing signs of increased promotional efforts across the sector. Carnival Corporation (NYSE:CCL) led the decline with a 3.2% fall, while Royal Caribbean Cruises (NYSE:RCL) lost 2.7%, Norwegian Cruise Line Holdings (NYSE:NCLH) fell 1.7%, and Viking Holdings (NYSE:VIK) slid 2.5%. The selloff comes after…
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Dow Jones, S&P, Nasdaq, Wall Street Futures Signal Slight Gains Ahead
U.S. stock futures suggest a modestly higher open on Friday, as investors look to continue the momentum from Thursday’s strong session. Despite September typically being one of the weaker months for equities, major indexes have trended upward over the past few weeks. Optimism surrounding lower interest rates has bolstered the markets, following the Federal Reserve’s…
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Blackstone names Katie Keenan as new Breit CEO after LePatner’s death – WSJ
Blackstone (NYSE:BX) has selected Katie Keenan to lead Breit, one of the firm’s largest funds aimed at individual investors, following the untimely passing of former CEO Wesley LePatner, the Wall Street Journal reported. Keenan, 41, will additionally serve as the global head of Core+ real estate, managing all lower-risk investments across Blackstone’s $325 billion property…
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Nvidia targets $500M investment in British autonomous driving startup Wayve
Nvidia (NASDAQ:NVDA), the American chipmaker, has entered a letter of intent to potentially commit $500 million to Wayve, a UK-based self-driving technology company, the startup confirmed Thursday. Wayve, currently active in the United Kingdom and United States, is broadening its testing and development programs into Germany and Japan, expanding its global footprint. The potential investment…