Tag Archives: Stocks

US consumer prices rose more than expected in January, according to the latest data from the Bureau of Labor Statistics released Tuesday morning. Investors had been closely watching the print for clues on when the Federal Reserve will begin cutting interest rates. Markets are now pricing in a nearly 80% chance the Fed cuts rates in June, bucking previous expectations that the central bank would begin cutting rates in May. “This was a bad report for those betting the Fed is going to start… Source link

US stocks edged higher on Monday after the S&P 500 index notched a historic close, as investors prepared for the first key inflation update of the year and the next wave of earnings reports. The S&P 500 (^GSPC) rose 0.3% after a record-setting week that saw the benchmark end above 5,000 for the first time. The Dow Jones Industrial Average (^DJI) gained around 0.5%, while the tech-heavy Nasdaq (^IXIC) rose about 0.3%. Shares of chipmaker Nvidia (NVDA) rose 2% to hit another record on Monday…. Source link

US stocks opened trading little changed on Monday after the S&P 500 index notched a historic close, as investors prepared for the first key inflation update of the year and the next wave of earnings reports. The S&P 500 (^GSPC) clung to the flatline following a record-setting week that saw the benchmark end above 5,000 for the first time. The Dow Jones Industrial Average (^DJI) was steady, while the tech-heavy Nasdaq (^IXIC) rose about 0.2%. Stocks have gained as the market embraces a clutch… Source link

(Bloomberg) — European stocks edged up after the S&P 500 closed at a new record high Friday amid optimism over eventual Federal Reserve interest-rate cuts and as investors look forward to a crucial update on US inflation. Most Read from Bloomberg Rates-sensitive real estate stocks led broad gains across almost every industry group in Europe. Shares in Italian luxury brand Tod SpA shares rose as much as 18% after the founding family said it had enlisted buyout firm L Catterton in a new attempt… Source link

The Wall Street Journal reports OpenAI CEO Sam Altman is hot on the fundraising trail, courting governments in the Middle East, among others, for a venture focused on making the chips needed to fulfill his vision of the AI revolution. And to call this vision “capital intensive” is an undersell. The Journal reports Altman sees the project needing to raise up to $7 trillion. Data from S&P Global Market Intelligence and Pitchbook (via The Financial Times) suggest that at the end of last year there… Source link

[unable to retrieve full-text content]Stock market today: Stocks hold steady as S&P 500 eyes 5000 mark  Yahoo Finance Source link

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The Dow Jones Industrial Average (^DJI), Nasdaq 100 (^NDX), and S&P 500 (^GSPC) all notched record highs on Wednesday. The latter, the world’s benchmark stock index, also came tantalizingly close to hitting the big, psychological 5,000 level for the first time. Meanwhile, stocks are now in one of the seasonally weakest months of the year, with an even weaker month ahead… Source link

US stocks, which initially moved higher in early trading on Tuesday, wobbled later in the session as investors continued to debate the possibility of interest rate cuts ahead of a fresh batch of quarterly results. By midday trading, the S&P 500 (^GSPC) traded flat, while the tech-heavy Nasdaq Composite (^IXIC) dipped roughly 0.4%. The Dow Jones Industrial Average (^DJI), which initially opened flat, climbed about 0.2%. A rally in stocks hit the buffers on Monday as the market took on Fed Chair… Source link

Paramount Global (PARA) shares skyrocketed more than 10% in early trading on Wednesday after Bloomberg reported media mogul Byron Allen made a $14.3 billion bid to buy all of Paramount’s outstanding shares. According to the report, Allen offered $28.58 each for the company’s voting shares, marking a 50% premium compared to recent trading levels, and $21.53 for non-voting shares. Including existing debt, the total value of the deal amounts to roughly $30 billion. It’s unclear how he would… Source link

Paramount Global (PARA) shares skyrocketed more than 10% in early trading on Wednesday after Bloomberg reported media mogul Byron Allen made a $14.3 billion bid to buy all of Paramount’s outstanding shares. According to the report, Allen offered $28.58 each for the company’s voting shares, marking a 50% premium compared to recent trading levels, and $21.53 for non-voting shares. Including existing debt, the total value of the deal mounts to roughly $30 billion. It’s unclear how he would… Source link