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With inflation hitting a 40-year high and gas breaking $5 a gallon, all eyes are on the Fed ahead of Wednesday’s Federal Open Market Committee (FOMC) meeting. According to Drew Matus, chief market strategist at MetLife Investment Management, the Fed addressing inflation isn’t a matter of “if” but rather to what extent for investors. “The real question right now is: What’s going to be the cost of handling the inflation story?” Matus said on Yahoo Finance Live (video above). “I think… Source link

Did markets hit a turning point? The past couple of months brought us a seven-week losing streak in stocks, the longest such streak in over a decade, but the week before the Memorial Day holiday weekend saw strong gains. The S&P 500 wiped out its May losses. Post-holiday trading shows that some of these gains are continuing. If so, then it makes this the ideal time to ‘buy the dip,’ to get in while stocks remain at low cost, with attractive entry points. That’s the view from investment… Source link

U.S. stock futures jumped in pre-market trading Tuesday as investors assessed fresh inflation data out of Washington that showed prices in March further accelerated to a new 40-year high. Contracts on the S&P 500 popped 0.7%, and the Dow jumped nearly 130 points ahead of the open. Futures tied to the Nasdaq Composite surged 1.3%. Meanwhile, Treasury yields slightly retreated, but the benchmark 10-year yield remained above 2.7%, the highest level since January 2019. The moves follow a down day… Source link

Activist short-seller Spruce Point Capital Management is taking aim at medical device company Stryker (SYK). Spruce Point unveiled its latest attack on Wednesday, saying Stryker has overpaid for recent acquisitions, has used questionable accounting practices and has executive compensation that isn’t aligned with shareholder interests. The activist has called on Harvard Business School dean and Stryker audit committee member Srikant Datar to evaluate its findings with “independent forensic… Source link

Stocks may be well off their highs amid rising concerns on the Russia-Ukraine war, but now doesn’t mark a great buying opportunity, warns UBS strategist Stuart Kaiser. “We are definitely not buyers of the dip at this point. For perspective, we were worried about the first half of this year before the Russia-Ukraine conflict even started just based on the Fed and the growth in inflation dynamics. The geopolitical stuff just reinforces that,” Kaiser said on Yahoo Finance Live. Markets would seem… Source link

U.S. government agencies and American companies are bracing for potential Russian cyberattacks in the wake of Russia’s invasion of Ukraine and the imposition of U.S. sanctions. Russia has struck before — notably with its hack of the Colonial Pipeline, which cut off 45% of the fuel supply to the East Coast last May. Cybersecurity experts are warning of hits to infrastructure providers that could disrupt power supplies or other necessary services. One expert, a former executive at the… Source link

(Bloomberg) — Futures tracking the Nasdaq 100 Index signaled the U.S. equity gauge is poised to fall into a bear market on Thursday for the first time since the depths of the pandemic selloff as investors exit risk assets on geopolitical risks. Most Read from Bloomberg March futures for the technology-heavy index slid as much as 3.3%, as Russian forces attacked targets across Ukraine after President Vladimir Putin ordered an operation to demilitarize the country, prompting a threat of further… Source link

With consumer prices soaring by the most in four decades in January, food prices have borne the brunt of skyrocketing inflation — something Smashburger and other food chains have passed along to their customers. In a Yahoo Finance interview, Smashburger president Carl Bachmann cited inflation as “a challenge” for the fast-casual chain, but noted several strategies that have helped alleviate price pressures — and sticker shock for consumers. “We’ve had to take some very small minor price… Source link

Twitter (TWTR) founder Jack Dorsey announced on Monday, Nov. 29, that he would be stepping down from his role as CEO after nearly 16 years at the company, with CTO Parag Agrawal filling his shoes. Dorsey will remain CEO of payments platform Square (SQ), a company which he also founded. “Parag is CEO starting today [Nov. 29],” he said in an email with Twitter staff, which he also tweeted. “I’m going to serve on the board through my term (May-ish) to help Parag and Bret [Taylor] with… 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 Wednesday, November 17, 2021 Resilient demand, spending mean persistent inflation First, with the accumulation of so many dour headlines about the economy, credit should be given where it’s due. Tuesday’s news cycle saw Walmart (WMT) torch Wall Street’s third quarter earnings estimates as penny-counting shoppers flocked to the discount retail… Source link