Tag Archives: surging

E-commerce giant Alibaba (BABA) and other Chinese stocks rallied at the open on Wednesday amid easing regulatory concerns. Ant Group, an affiliate of Alibaba, received approval from regulators to raise $1.5 billion for its consumer finance unit. The move would make it easier for the fintech giant, of which Alibaba owns 33%, to restart any efforts towards a public offering. Plans for an Ant Group IPO were squashed by regulators in 2020. The fintech company operates one of China’s prominent… Source link

Warren Buffett says these are the best stocks to own when inflation spikes — with consumer prices still surging, it’s time to follow his lead Price levels continue to rise at a rate we haven’t seen in decades. In April, U.S. consumer prices surged 8.3% — down slightly from 8.5% in March, but still near 40-year highs. Spiking inflation has severe consequences for your cash savings. Fortunately, investing legend Warren Buffett has plenty of advice on what to own when consumer prices… Source link

The markets went into bloodbath mode on Thursday as all the main indexes tumbled by at least 3%, with the NASDAQ’s 5% drop the most acute. That represented the tech-heavy index’s biggest one-day dive since June 2020. The force of the plunge confirms what we all know by now – the market headwinds are piling up, one upon the other. At its base, the issue is simple: there are too many problems, coming in too fast, and both the impersonal markets and the individual investors are finding it… Source link

(Bloomberg) — China’s factory gate prices rose more than expected in March as oil prices climbed, while disruptions from Covid lockdowns drove up food costs, threatening the inflation outlook in the world’s second-largest economy. Most Read from Bloomberg The producer price index gained 8.3% from a year earlier, official data showed Monday, down from 8.8% in February and above the median estimate of an 8.1% increase in a Bloomberg survey of economists. Consumer-price growth accelerated to… Source link

The reaction to a potential COVID-19 vaccine breakthrough for young children out of Moderna (MRNA) may have some traders scratching their heads. Shares of the biotech fell 3% on Wednesday on positive interim data released by Moderna for its coronavirus vaccine for children under six years old. Moderna said the shots were about 44% effective in preventing Omicron in children six months up to two years old. “We believe these latest results from the KidCOVE study are good news for parents of… Source link

If it feels like your digital wallet is getting a little thinner this holiday season, it’s because it is as online inflation intensifies amid ongoing global supply chain bottlenecks.  Online prices for November rose 3.5% year-over-year, according to new data from Adobe on Thursday, marking the highest increase since 2014. The figure also represents the 18th consecutive month of year-over-year online inflation. “Ongoing supply chain constraints and durable consumer demand have underpinned… Source link

(Bloomberg) — U.S. futures dropped with European stocks as the highest oil prices since 2014 stirred fears that a spreading energy crunch will derail the global pandemic recovery. Most Read from Bloomberg West Texas Intermediate crude rose past $80 a barrel and China’s coal futures reached a record as flooding shuttered mines. European equities were modestly lower, with declines led by travel companies. U.S. contracts also slipped, with those on the tech-heavy Nasdaq 100 underperforming the… Source link

Donald J. Trump joined Yahoo Finance for a wide-ranging conversation covering topics such as the U.S. economy, COVID-19 vaccines, cryptocurrencies, and his thinking on a third run for the presidency in 2024. The full interview will be released on Monday. Former President Donald Trump told Yahoo Finance that inflation is one of the issues that will help him determine if he will run for the Republican presidential nomination in 2024. Soaring prices have become a fixture of the pandemic-era… Source link

Options Traders Speculate on Surging Tesla Competitor S&P Futures 4,273.25 -7.25(-0.17%)   Dow Futures 34,122.00 -42.00(-0.12%)   Nasdaq Futures 14,479.00 -33.50(-0.23%)   Russell 2000 Futures 2,309.70 -6.50(-0.28%)   Crude Oil 72.50 -0.41(-0.56%)   Gold 1,775.20 -5.50(-0.31%)   Silver 26.07 -0.15(-0.58%)   EUR/USD 1.1915 -0.0014(-0.12%)   10-Yr Bond 1.4780 -0.0580(-3.78%)   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