Tag Archives: market

A top Federal Reserve policymaker cautioned that skyrocketing home prices could jeopardize progress on recovering the millions of American jobs lost in the pandemic. Federal Reserve Bank of Boston President Eric Rosengren told Yahoo Finance Friday that the hot real estate market is “not at a point where we should be panicked.” But Rosengren said the Great Depression and other downturns were examples of economic expansions that died at the hands of a real estate bubble. “The last thing we… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, June 24, 2021 Supply can’t meet demand, housing edition We’ve periodically checked in on the housing market at The Morning Brief over the last year, and the story has, in general, been consistent.  Home prices are rising amid a surge in demand, while low interest rates enable buyers to afford more house.  But cracks in the housing market… Source link

India’s antitrust watchdog has ordered an investigation into allegations that Google has abused the dominant position of Android in the country’s smart TV market. The news comes hours after the European Union opened a formal antitrust investigation into allegations that Google abuses its leading role in the advertising-technology sector. In its initial review, the Competition Commission of India, which began looking into these allegations last year, said Google had… Source link

The data is in, and it says stock buybacks are back in a big way as companies seek out ways to keep their stock prices at elevated levels.  First quarter stock repurchases clocked in at $178.1 billion among S&P 500 companies, up 36.5% from the fourth quarter of 2020, according to new data out Tuesday from S&P Global. Buybacks were up 100.9% from the second quarter 2020 pandemic low of $88.7 billion.  Stock buybacks have the effect of lowering the number of shares outstanding for companies…. Source link

The UK’s competition watchdog will take a deep dive look into Apple and Google’s dominance of the mobile ecosystem, it said today — announcing a market study which will examine the pair’s respective smartphone platforms (iOS and Android); their app stores (App Store and Play Store); and web browsers (Safari and Chrome).  The Competition and Markets Authority (CMA) is concerned that the mobile platform giants’ “effective duopoly” in those areas  might be harming… Source link

(Bloomberg) — Bitcoin’s recent bounce has yet to dispel doubts about its vulnerability following a rout in May. The cryptocurrency has jumped about 14% over two days and was trading at $38,295 as of 11:05 a.m. in London on Thursday. While the momentum may cheer bulls, a JPMorgan Chase & Co. team said backwardation in a part of the futures market — where the spot price is above futures prices — is reason for caution. “We believe that the return to backwardation in recent weeks has been a… Source link

BlackBerry (BB) closed the most recent trading day at $15.80, moving +0.19% from the previous trading session. The stock outpaced the S&P 500’s daily gain of 0.02%. Coming into today, shares of the cybersecurity software and services company had gained 93.97% in the past month. In that same time, the Computer and Technology sector gained 2.08%, while the S&P 500 gained 0.04%. Investors will be hoping for strength from BB as it approaches its next earnings release. The company is expected to… Source link

In the latest trading session, Advanced Micro Devices (AMD) closed at $80.89, marking a -0.57% move from the previous day. This change lagged the S&P 500’s daily gain of 0.02%. Heading into today, shares of the chipmaker had gained 7.05% over the past month, outpacing the Computer and Technology sector’s gain of 2.08% and the S&P 500’s gain of 0.04% in that time. Investors will be hoping for strength from AMD as it approaches its next earnings release. On that day, AMD is projected to report… Source link

MOSCOW (Reuters) – Russian state bank VTB is ready to consider increasing its stake in internet company Yandex should Yandex decide to raise funds on the market, Interfax quoted First Deputy Chief Executive Yuri Soloviev as saying on Friday. Reporting by Maxim Rodionov; Writing by Katya Golubkova; Editing by Mark Heinrich Source link

Love it or hate it, the Meme Market is back, and Wall Street strategists say it can’t be ignored. While shares of AMC Entertainment (AMC) are having a volatile Thursday, the social-media-fueled trading frenzy has pushed shares of AMC up nearly 3,000% this year, giving the money-losing movie theater chain a market value of more than $30 billion. AMC is not alone. Shares of Bed, Bath & Beyond (BBBY), Express (EXPR), and BlackBerry (BB) are all up this year. It’s reminiscent of the… Source link