Tag Archives: Prices

Regulators in China taking a tougher stance on cryptocurrencies could partially explain the most recent rout in bitcoin prices. But some Wall Street watchers think the U.S. Federal Reserve’s new hawkish stance on interest rate policy and bond buying is also playing a key role.  “It is our belief that part of the momentous rally (an important part) has been helped by the Fed’s largess. Bitcoin and other cryptos should rally further on their own over the years, but we believe that they have… Source link

Stocks extended gains on Tuesday, with equities steadying following concerns over the path forward for monetary policy.  The S&P 500 advanced to end within striking distance of a record high. The Dow also added to gains, a day after the 30-stock index jumped by the most since March. The Nasdaq reached a record intraday and closing high. Cryptocurrency prices were broadly lower as concerns over tighter regulatory actions from China continued to weigh, and tokens from Bitcoin (BTC-USD) to the… Source link

We’re halfway through the year, and while the markets have been volatile, investors are having a good time so far. The S&P 500 has gained 11% year-to-date, and the tech-heavy NASDAQ has gained 9%. With the Fed keeping interest rates at historic lows, stocks are offering better rates of return – and they are keeping ahead of inflation, as well. But while the overall markets are up, individual stock performance can and will vary. Which means that in the midst of a general rising trend,… Source link

(Bloomberg) — Ford Motor Co. has switched gears on a previously dour financial outlook, saying it now expects stronger second-quarter results thanks to growing demand for its models and a sharp rise in the prices consumer pay for them. “Our pricing is just strengthening every day,” Chief Executive Officer Jim Farley said Thursday at Deutsche Bank’s automotive conference. “It’s pretty breathtaking actually.” Ford projects that earnings before interest and taxes in the current… Source link

Soaring home prices made you house-rich? Here’s how to make the most of it The U.S. real estate market is often depicted these days as a place where the dreams of first-time homebuyers go to die. But it can be easy to forget (or ignore) just how positive an impact homeownership has on Americans lucky enough to survive the gauntlet. Thanks to escalating home prices, approximately 46 million homeowners were sitting on a record $7.3 trillion in equity at the end of 2020, according to mortgage… Source link

Prices for burritos are up at Chipotle, and the stock price is likely to soon follow, says one Wall Street analyst. Raymond James analyst Brian Vaccaro upgraded his rating on the restaurant chain to Strong buy from Outperform on Monday. Vaccaro now sees fair value on Chipotle’s stock at $1,800. “We believe recently announced menu price increases (4% in recent weeks, more coming in the fall) create 1) significant upside to second half consensus comp expectations and 2) increased confidence in… Source link

When it’s all said and done, Chipotle’s latest price increase will probably be just another catalyst for the stock price. The burrito and salad bowl joint disclosed Tuesday that it recently raised menu prices by 4% to compensate for higher labor costs, fueled in large part by worker shortages sweeping across the country. It’s an issue Chipotle (CMG) has chosen to address by lifting the average hourly wage for workers to $15 an hour, explained Chipotle CEO Brian Niccol on Yahoo Finance… Source link

(Bloomberg) — Global food prices extended their rally to the highest in almost a decade, heightening concerns over bulging grocery bills as economies struggle to exit the Covid-19 crisis. A United Nations gauge of world food costs climbed for a 12th straight month in May, its longest stretch in a decade. The continued advance risks accelerating broader inflation, complicating central banks efforts to provide more stimulus. Drought in key Brazilian growing regions is crippling crops from corn… Source link

Stock futures edged up Wednesday morning on the heels of a mixed session a day earlier, with the three major indexes struggling for direction at the start of June. Contracts on each of the three major indexes traded slightly above the flat line heading into the regular trading day. Brent and crude oil prices extended gains after hitting their highest levels since 2018 on Tuesday after OPEC+ suggested demand would rebound during the recovery and opted for gradual supply increases. Treasury… Source link

Bloomberg Old-School Tycoons of Hong Kong Are Losing to China’s Moguls (Bloomberg) — The prediction was vintage Jack Ma, as provocative as it was prescient.“This is the era of the internet,” the Chinese billionaire proclaimed in October 2013, just weeks after his plan to take Alibaba Group Holding Ltd. public in Hong Kong had been scuttled by regulators. “It no longer belongs to Li Ka-shing.”Ma’s dig at the famed Hong Kong tycoon raised plenty of eyebrows at the time, but few… Source link