Value stocks rally in the U.S., outperforming growth equities
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Value stocks in the U.S. have rallied and are outperforming growth equities. The rally is fueled by retail sales data and a rotation trade. The Dow has jumped over 650 points and small caps have surged for the 5th straight day. The rally is seen as a shift towards value stocks and away from growth equities. The performance of value stocks is attributed to their lower valuations and potential for future growth. The rally is reflected in the stock market today, with the Dow futures hovering near record highs.
#ValueStocks #GrowthEquities #StockMarket #Rally
https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-hover-near-record-highs-ahead-of-retail-sales-data/card/value-stocks-rally-in-the-u-s-outperforming-growth-equities-LQ6ZcmZz2olGqDFLtp8c
Stock Market Today: Dow jumps 500 points after retail sales data fuel rotation trade
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The Dow Jones Industrial Average surged 500 points following the release of positive retail sales data, which fueled a rotation trade. The jump occurred on July 16, 2024, at 10:45 am ET. The market action can be followed on MarketWatch's live coverage. The article provides a link to the full coverage.
https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-hover-near-record-highs-ahead-of-retail-sales-data
Stock Market Today: Dow on track for record with 'Trump trade' in focus after assassination attempt
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The Dow is on track for a record high following an assassination attempt on Donald Trump. The market is focused on the 'Trump trade' and its potential impact on the economy. The latest U.S. market action can be followed on the MarketWatch website.
https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-climb-nearly-200-points
Stock Market Today: Dow on track for record with 'Trump trade' in focus after assassination attempt
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The Dow is on track for a record high following an assassination attempt on Donald Trump. The market is focused on the 'Trump trade' and its potential impact on the economy. The latest U.S. market action can be followed on the MarketWatch website.
https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-climb-nearly-200-points
Stock Market Today: Dow edges higher as investors await Powell testimony, inflation data, earnings
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The Dow Jones Industrial Average is slightly up as investors anticipate Jerome Powell's testimony, inflation data, and earnings reports. The market is awaiting Powell's remarks for insights into the Federal Reserve's monetary policy. Additionally, investors are keeping an eye on inflation data to gauge the state of the economy. Earnings reports from various companies are also expected, which will provide further insight into the health of the market. The Dow Jones Industrial Average is currently trading higher, indicating cautious optimism among investors.
#StockMarket #DowJones #Investors #JeromePowell #InflationData #Earnings
https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-narrowly-higher-as-investors-eye-inflation-data-earnings
Stock Market Today: Dow futures head higher to open the third quarter
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Dow futures are heading higher to open the third quarter. The stock market is being closely followed for full coverage on Monday. The article provides updates on the stock market and mentions the copyright of MarketWatch, Inc. The Dow Jones Network, including The Wall Street Journal, Barron's, Investor's Business Daily, realtor.com, and Dow Jones Smart Money, is also mentioned. The article includes information about the data sources for intraday and end-of-day stock market data.
https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-head-higher-to-open-the-third-quarter
Infrastructure Capital raises 12-month S&P 500 target to 6,000
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Infrastructure Capital has raised its 12-month target for the S&P 500 to 6,000. The new target represents a significant increase from the previous target of 5,000. The decision to raise the target is based on expectations of strong economic growth, low interest rates, and positive corporate earnings. Infrastructure Capital believes that these factors will continue to drive the stock market higher in the coming months. The new target of 6,000 implies a potential upside of approximately 20% from current levels. The firm also notes that the S&P 500 has historically exceeded its 12-month target, suggesting that the index could go even higher than 6,000. However, Infrastructure Capital cautions that there are risks to the outlook, including inflation, geopolitical tensions, and policy changes by central banks. Overall, the firm remains optimistic about the prospects for the stock market and expects further gains in the months ahead.
https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-higher-as-june-winds-down/card/infrastructure-capital-raises-12-month-s-p-500-target-to-6-000-1vLm1Ea1radN5HyLQQic
Stock Market Today: Dow futures dip as traders look to CPI data and Fed meeting
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Dow futures are dipping as traders await the release of CPI data and the Federal Reserve meeting. The market is closely watching these events for insights into inflation and potential changes in monetary policy. The CPI data will provide information on consumer price inflation, while the Fed meeting will offer clues about the central bank's stance on interest rates and economic stimulus. Traders are concerned about the impact of rising inflation on stock market performance and the possibility of the Fed tightening monetary policy. The market is expected to react to these events and their implications for the economy and financial markets.
https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-dip-as-traders-look-to-cpi-and-fed
Stock Market Today: Dow edges up as investors await Fed meeting, weigh Nvidia stock split
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The Dow edges up as investors await the Fed meeting and weigh the Nvidia stock split. European political developments, the Nvidia stock split, and Apple's developer day are also being closely watched. Intraday data for U.S. stock quotes reflect trades reported through Nasdaq only, with a delay of at least 15 minutes.
#StockMarket #Dow #Investors #FedMeeting #NvidiaStockSplit
https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-slip-amid-european-turmoil-as-nvidia-splits
Why Friday's May jobs report could trip up stocks
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The May jobs report, set to be released on Friday, is expected to have a significant impact on the stock market. Investors are concerned that a strong jobs report could lead to higher interest rates, which could negatively affect stocks. On the other hand, a weak jobs report could raise concerns about the state of the economy. The report will provide key data on job growth, unemployment rate, and wage growth, which will be closely watched by market participants. The stock market has been volatile in recent weeks, and the jobs report could add to the uncertainty and potentially trigger a sell-off. Overall, the release of the May jobs report is anticipated to be a crucial event for the stock market.
#JobsReport #StockMarket #InterestRates #Economy #JobGrowth #UnemploymentRate #WageGrowth #Volatility #Selloff
https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-steady-while-gamestop-surges-after-losing-week/card/why-friday-s-may-jobs-report-could-trip-up-stocks-X9pUMEAnqunBVOHOwXoT
April PCE report: Key inflation data shows slowest monthly core growth of the year
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The April PCE report reveals that key inflation data shows the slowest monthly core growth of the year. The PCE price index, which is monitored by the Federal Reserve to determine interest rates, is the key inflation gauge. The report indicates that core growth in April was slower compared to previous months. The data suggests that inflation may be moderating. The Federal Reserve uses this data to make decisions regarding monetary policy. The report is significant as it provides insights into the state of the economy and inflation trends.
#PceReport #InflationData #CoreGrowth #FederalReserve #InterestRates #MonetaryPolicy #Economy
https://www.marketwatch.com/livecoverage/april-pce-report-key-inflation-data-may-show-slowest-core-growth-of-the-year
Stock futures hold gains after data on weekly jobless claims
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Stock futures are holding gains after the release of data on weekly jobless claims. The Dow Jones Industrial Average is lagging behind while the Nasdaq and S&P 500 reach record highs. The data on weekly jobless claims is expected to provide insights into the state of the labor market. The stock market action for Thursday can be followed on the MarketWatch website. The article is from May 23, 2024, at 9:51 am ET.
#StockFutures #WeeklyJoblessClaims #DowJonesIndustrialAverage #Nasdaq #S&p500 #RecordHighs #LaborMarket
https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-lag-tech-gains-as-nvidia-stock-pops/card/stock-futures-hold-gains-after-data-on-weekly-jobless-claims-OvbgOWb8luqfEjDnpzlZ
Dow falls over 100 points as it retreats from record high
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The Dow Jones Industrial fell over 100 points after reaching a record high above 40,000. The drop comes after the index finished last week above the 40,000 milestone. The retreat from the record high is seen as a correction in the market. The Dow Jones Industrial is a key benchmark for the U.S. stock market. The drop in points reflects a decline in stock prices. The decline is a result of market forces and investor sentiment. The Dow Jones Industrial is a widely watched indicator of market performance. The drop in points is significant but not unexpected given the recent rally in the market. The decline is a normal part of market cycles and does not necessarily indicate a long-term trend. The drop in points is a temporary setback and does not change the overall positive outlook for the market. The Dow Jones Industrial is expected to continue its upward trajectory in the long term. The drop in points is a buying opportunity for investors looking to enter the market. The drop in points is a result of profit-taking by investors who have seen significant gains in recent months. The drop in points is a natural reaction to the market reaching new highs. The drop in points is a healthy correction that allows the market to consolidate its gains. The drop in points is a reminder that the market can be volatile and investors should be prepared for fluctuations. The drop in points is a reflection of the overall uncertainty in the market. The drop in points is a reminder that investing in the stock market carries risks. The drop in points is a reminder to investors to diversify their portfolios and not rely solely on one asset class. The drop in points is a reminder to investors to stay focused on their long-term investment goals. The drop in points is a reminder that market timing is difficult and it is best to stay invested for the long term. The drop in points is a reminder that the stock market is influenced by a variety of factors, including economic data, geopolitical events, and investor sentiment. The drop in points is a reminder that the stock market can be unpredictable and investors should be prepared for volatility. The drop in points is a reminder that investing in the stock market requires patience and a long-term perspective. The drop in points is a reminder that market corrections are a normal part of the investing process. The drop in points is a reminder that it is important to have a diversified portfolio to mitigate risk. The drop in points is a reminder that investors should focus on their investment strategy and not be swayed by short-term market movements. The drop in points is a reminder that the stock market is driven by supply and demand dynamics. The drop in points is a reminder that market sentiment can change quickly and investors should be prepared for shifts in the market. The drop in points is a reminder that the stock market is influenced by a wide range of factors, including economic indicators, corporate earnings, and global events. The drop in points is a reminder that investing in the stock market requires careful analysis and research. The drop in points is a reminder that investors should be cautious and not make impulsive investment decisions. The drop in points is a reminder that the stock market is a complex system and it is important to understand the underlying factors that drive market movements. The drop in points is a reminder that investing in the stock market is a long-term commitment. The drop in points is a reminder that market volatility can create opportunities for investors. The drop in points is a reminder that the stock market is influenced by a wide range of factors, including interest rates, inflation, and corporate earnings. The drop in points is a reminder that investors should focus on their long-term investment goals and not be swayed by short-term market fluctuations. The drop in points is a reminder that the stock market is a reflection of the overall economy. The drop in points is a reminder that investing in the stock market carries risks and investors should be prepared for potential losses. The drop in points is a reminder that market corrections are a normal part of the investing process and can provide buying opportunities for investors. The drop in points is a reminder that the stock market is influenced by a variety of factors, including economic data, corporate earnings, and investor sentiment. The drop in points is a reminder that investors should stay informed and be prepared to adjust their investment strategy as market conditions change. The drop in points is a reminder that the stock market is influenced by a wide range of factors, including economic indicators, geopolitical events, and investor sentiment. The drop in points is a reminder that investing in the stock market requires careful analysis and research. The drop in points is a reminder that investors should be cautious and not make impulsive investment decisions. The drop in points is a reminder that the stock market is a complex system and it is important to understand the underlying factors that drive market movements. The drop in points is a reminder that investing in the stock market is a long-term commitment. The drop in points is a reminder that market volatility can create opportunities for investors. The drop in points is a reminder that the stock market is influenced by a wide range of factors, including interest rates, inflation, and corporate earnings. The drop in points is a reminder that investors should focus on their long-term investment goals and not be swayed by short-term market fluctuations. The drop in points is a reminder that the stock market is a reflection of the overall economy. The drop in points is a reminder that investing in the stock market carries risks and investors should be prepared for potential losses. The drop in points is a reminder that market corrections are a normal part of the investing process and can provide buying opportunities for investors.
#DowJonesIndustrial #StockMarket #RecordHigh #Correction #MarketCycles #InvestorSentiment #Volatility #InvestmentStrategy
https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-lean-higher-after-record-setting-finish-above-40-000/card/dow-falls-over-100-points-as-it-retreats-from-record-high-e9r6Q1boSGwyhkdn41Et
Stock Market Today: Dow trades flat after four straight weeks of gains
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The Dow is trading flat after four consecutive weeks of gains. The S&P 500 has seen three straight weekly gains. The current trading session is being monitored after the previous week's positive performance. The article provides live updates on the stock market. The date of the article is May 13, 2024. The source is MarketWatch. The article is about the stock market today and the performance of the Dow and S&P 500. The article does not provide any specific viewpoints or opinions. The article is written in English. The primary location related to the content is the United States. The genre of the article is news. The tags for the article could include stock market, Dow, S&P 500, trading, gains. The taxonomy levels for the article could include Business & Finance, Stock Market. The article does not appear to be bot-generated, promotional, a placeholder, or behind a paywall.
#StockMarket #Dow #S&p500 #Trading #Gains
https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-inch-higher-after-third-weekly-gain-for-s-p-500
GDP report: First-quarter numbers weaker than expected at 1.6%
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The first-quarter GDP report shows weaker than expected numbers at 1.6%. The Commerce Department released the data on Thursday. The GDP growth in the United States is not as strong as anticipated. The report indicates a slower economic growth rate in the first quarter. The numbers reflect the performance of the U.S. economy during that period. The GDP growth rate is lower than what was predicted. The data suggests that the economy is not growing as robustly as previously projected.
https://www.marketwatch.com/livecoverage/gdp-report-first-quarter-numbers-expected-to-show-strong-u-s-growth-continuing
Stock Market Today: Dow up 300 points as investors focus on Netflix earnings, economic data
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The Dow is up 300 points as investors turn their attention to Netflix earnings and economic data. The stock market is experiencing positive momentum. The article provides live updates on the U.S. market action for Thursday. The focus is on Netflix earnings and economic data. The Dow Jones Network, including The Wall Street Journal and Barron's, is mentioned as the source of the article.
https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-gain-as-netflix-earnings-eyed
Stock Market Today: Dow up 100 points ahead of Powell's talk on Canadian economy
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The Dow is up 100 points ahead of Jerome Powell's talk on the Canadian economy. The talk is scheduled for April 16, 2024, at 1:12 pm ET. The stock market action for Tuesday can be followed on MarketWatch. The article provides live updates on the U.S. market. The article is from MarketWatch and was published on April 16, 2024. The article is about the stock market performance and the upcoming talk by Jerome Powell on the Canadian economy.
https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-dip-as-bond-yields-hit-fresh-highs
Stock Market Today: Dow, S&P 500 up modestly as 10-year Treasury yield jumps
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The Dow and S&P 500 are up modestly as the 10-year Treasury yield jumps. Iran attacked Israel with drones and cruise missiles over the weekend, causing little damage. The stock market is reacting to these events. The current time is Apr 15, 2024, at 11:11 am ET.
#StockMarket #Dow #S&p500 #10yearTreasuryYield #Iran #Israel
https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-climb-after-iran-attack-on-israel-causes-little-damage
Stock Market Today: Dow on cusp of turning positive in afternoon trade
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The Dow is on the verge of turning positive in afternoon trade following a 422-point slide on Wednesday. The stock market is being closely watched after hot inflation data caused a significant drop in the Dow. The current status of the Dow and its potential recovery are being monitored by investors.
#StockMarket #Dow #Inflation #Investors
https://www.marketwatch.com/livecoverage/stock-market-today-ppi-in-focus-after-422-point-stumble-in-the-dow-on-hot-inflation-data
Stock Market Today: Dow on cusp of turning positive in afternoon trade
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The Dow is on the verge of turning positive in afternoon trade following a 422-point slide on Wednesday. The stock market is being closely watched after hot inflation data caused a significant drop in the Dow. The current status of the Dow and its potential recovery are being monitored by investors.
#StockMarket #Dow #Inflation #Investors
https://www.marketwatch.com/livecoverage/stock-market-today-ppi-in-focus-after-422-point-stumble-in-the-dow-on-hot-inflation-data
Technicals suggest energy sector's surge looking stretched
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Technical indicators are signaling that the surge in the energy sector may be reaching its limit. The article discusses how the recent rally in energy stocks has pushed the sector to overbought levels, according to technical analysis. The surge in oil prices and positive sentiment towards the sector have contributed to the rally. However, indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest that the sector is overextended and due for a correction. The article also mentions that investors should be cautious and consider taking profits or implementing risk management strategies. The energy sector's performance and potential correction are important factors to watch for investors and traders.
https://www.marketwatch.com/livecoverage/cpi-report-for-march-dow-futures-steady-ahead-of-key-inflation-data/card/technicals-suggest-energy-sector-s-surge-looking-stretched-gt5m8Hgt48EtKO2sNOjF
CPI report for March: Dow futures hold near record high ahead of key inflation data
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Dow futures are holding near a record high ahead of the release of the CPI report for March. The report will provide key inflation data. The market is closely watching the data to gauge the impact on the economy. The report is expected to show an increase in consumer prices. The Dow futures indicate optimism in the market. The release of the CPI report will provide insights into the state of the economy and may impact market trends.
https://www.marketwatch.com/livecoverage/cpi-report-for-march-dow-futures-steady-ahead-of-key-inflation-data
Stock Market Today: Dow futures struggle for direction after worst week in a year as 10-year yield rises
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Dow futures are struggling for direction after the Dow Jones Industrial Average suffered its worst weekly loss since the week ending March 10, 2023. The 10-year yield is rising, causing uncertainty in the market. The current state of the stock market is being closely watched.
#StockMarket #DowJones #10yearYield
https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-wobble-after-worst-week-in-a-year
Stock Market Today: Stocks build on early gains following March jobs report
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Stocks are building on early gains in the stock market today following the release of the March jobs report. The Dow Jones Industrial Average sank 530 points the previous day. Investors are reacting to the report and monitoring market activity. The stock market is experiencing volatility and fluctuations in response to economic data. The March jobs report is a key indicator of the health of the economy. The stock market is influenced by various factors, including economic reports, investor sentiment, and global events. MarketWatch provides live updates and coverage of stock market activity.
#StockMarket #MarchJobsReport #Volatility #EconomicData #InvestorSentiment #GlobalEvents
https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-rise-after-530-point-skid-as-jobs-report-looms
Stock Market Today: Dow opens 250 points higher as Treasury yields retreat
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The Dow opens 250 points higher as Treasury yields retreat. The stock market action for Thursday can be followed on MarketWatch. The article provides live updates on the U.S. market. The Dow Jones Network includes The Wall Street Journal, Barron's, and realtor.com. The stock quotes are in local exchange time and reflect trades reported through Nasdaq. Intraday data is delayed at least 15 minutes or per exchange requirements.
https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-rise-as-bond-yields-steady
Stock Market Today: Dow Jones rises around 300 points as Wall Street attempts to snap 3-day losing streak
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The Dow Jones rises around 300 points as Wall Street attempts to snap a 3-day losing streak. The market action is being followed live on March 27, 2024, at 3:13 pm ET. The rise in the Dow Jones is seen as a positive attempt to recover from the recent losses. The stock market has been experiencing a losing streak for the past three days. The current increase in points is a positive sign for investors. The article is published on MarketWatch, a financial news website.
https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-up-100-points
PCE inflation for January: Stock futures turn mostly higher as inflation data meets expectations
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Stock futures turn mostly higher as PCE inflation data for January meets expectations. The report is expected to have an impact on financial markets. The PCE price report is covered in full. The data is provided by MarketWatch. The inflation data is for January. The report is expected to have an impact on financial markets. The PCE inflation data meets expectations. The stock futures turn mostly higher.
https://www.marketwatch.com/livecoverage/pce-inflation-for-january-s-p-500-futures-slip-ahead-of-key-report
Consumer spending slows at the start of 2024
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Consumer spending in the US has slowed at the beginning of 2024, according to the PCE inflation report. The report indicates that consumer spending has not met expectations, leading to concerns about the state of the economy. The data reflects the month of January and shows a decrease in consumer spending compared to previous months. This slowdown in spending could have implications for the financial markets and overall economic growth. The report suggests that inflation data has met expectations, but the focus remains on the decline in consumer spending.
#ConsumerSpending #PceInflationReport #UsEconomy #FinancialMarkets #EconomicGrowth
https://www.marketwatch.com/livecoverage/pce-inflation-for-january-s-p-500-futures-slip-ahead-of-key-report/card/consumer-spending-slows-at-the-start-of-2024-H9kyksIgnS80VrvxCD38
Hong Kong Budget Set to Take Aim at Boosting Competitiveness, Lifting Recovery
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Hong Kong is set to announce its 2024-2025 budget with measures aimed at boosting competitiveness and solidifying its recovery. The budget is expected to report a bigger fiscal deficit for the fiscal year ending in March, with a deficit of HK$130 billion forecasted. The government could deploy its reserves to enhance competitiveness, with the fiscal reserve standing at HK$705 billion as of end March 2024. Measures to spur more investment and cultivate the green economy are also on the wish list. The budget announcement is expected to give the stock market a boost, particularly for sectors like property and financial services.
#HongKong #Budget #Competitiveness #Recovery #FiscalDeficit #Reserves #Investment #GreenEconomy #StockMarket
https://www.marketwatch.com/story/hong-kong-budget-set-to-take-aim-at-boosting-competitiveness-lifting-recovery-2a93b3cc
Bitcoin rallies to highest level since November 2021 as investors eye record high
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Bitcoin rallied to its highest level since November 2021, rising 9.5% over the past 24 hours to nearly $57,000. It is roughly off 17% from its record high at $68,990, reached in November 2021. Investors have been attracted to bitcoin after the U.S. Securities and Exchange Commission approved 10 bitcoin ETFs in January. They are also looking forward to the upcoming 'halving' event, expected to happen in April, which historically has been bullish for bitcoin prices. Halving is a mechanism in the blockchain's algorithm that controls the supply of bitcoin, cutting the reward for bitcoin mining in half. Bitcoin has seen price appreciation months after previous halvings. Technical analysis suggests that bitcoin's price gain could reach targets near $58.4 initially, with a possibility of reaching $62k, which would be the last area of resistance before a possible challenge of former all-time highs.
#Bitcoin #Cryptocurrency #Investment #Etfs #Halving
https://www.marketwatch.com/story/bitcoin-rallies-to-highest-level-since-november-2021-as-investors-eye-record-high-35610267
Meet the former organized-crime prosecutor now overseeing the Trump Organization
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Barbara Jones, a former federal judge, has been appointed as a court-appointed monitor at the Trump Organization after Donald Trump and his sons were barred from running the business. Jones, who has been serving as a monitor since November 2022, will now have total oversight of the real-estate conglomerate. She will need to approve any financial moves made by the company, including loan applications to banks. The judge's ruling also ordered the hiring of an independent compliance officer who will report to Jones. Jones has a background as a federal prosecutor and has previously served as a special master overseeing the privilege review of documents seized from Trump attorney Michael Cohen. She has also been involved in notable prosecutions, including the mob case that inspired the film 'Donnie Brasco.'
#TrumpOrganization #BarbaraJones #DonaldTrump #Monitor #FinancialOversight
https://www.marketwatch.com/story/meet-the-former-organized-crime-prosecutor-now-overseeing-the-trump-organization-077d4c34
Higher interest rates, inflation will challenge the post-COVID economy. AI will save it.
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The post-COVID economy is facing challenges such as higher interest rates and inflation. The U.S. Federal Reserve's 2% inflation target will be difficult to achieve due to various inflationary factors. Governments will struggle to control deficits by cutting spending and raising taxes. Long-term interest rates may rise if spending reform is not accomplished. The U.S. is investing in green energy and artificial intelligence (AI) to create a more capital-intensive economy. AI is expected to accelerate job redefinitions and create new opportunities. The New York Times is suing OpenAI for training large-language models on its publicly available archive of news stories. However, other media outlets have reached content access agreements with OpenAI. AI can assist in various industries, including journalism, finance, and fraud detection. The AI revolution could boost U.S. productivity by as much as 1.5 percentage points annually. It offers Western governments an escape from fiscal binds and should be primarily relied upon to optimize changes.
#InterestRates #Inflation #Post-covidEconomy #Ai #Productivity #GovernmentSpending #GreenEnergy #Deficits #Long-termInterestRates #JobRedefinitions #Openai #MediaOutlets #Journalism #Finance #FraudDetection
https://www.marketwatch.com/story/higher-interest-rates-inflation-will-challenge-the-post-covid-economy-ai-will-save-it-70a5fe64
U.S. budget deficit narrowed to $22 billion in January
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The U.S. federal budget deficit narrowed to $22 billion in January, down from $39 billion in the same month last year. For the first four months of the fiscal year, the deficit widened to $532 billion, up from $460 billion in the same period last year. Government receipts rose at a faster pace than spending compared with year ago levels. Receipts were up $30 billion to $477 billion from a year ago while outlays rose $13 billion to $499 billion. Interest on the federal debt was $96 billion higher over the first four months of the fiscal year than from the same period a year earlier. The Congressional Budget Office projected a roughly $1.5 trillion deficit this fiscal year that ends on Sept. 30. The yield on the 10-year Treasury note slipped to 4.165%. Stocks were higher with the Dow Jones Industrial Average up 217 points or 0.6%.
#U.s.BudgetDeficit #TreasuryDepartment #FiscalYear #GovernmentReceipts #Spending #InterestPayments #CongressionalBudgetOffice #DeficitProjection #10-yearTreasuryNote #StockMarket
https://www.marketwatch.com/story/u-s-budget-deficit-narrowed-to-22-billion-in-january-f413cb9c
U.S. Bancorp and 15 others fined $81 million for record-keeping failures by SEC
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The Securities and Exchange Commission (SEC) has fined U.S. Bancorp and 15 other financial companies a total of $81 million for failing to properly maintain and preserve electronic communications. The companies used 'off-channel' communications, such as personal text messaging services, instead of official company platforms. The fined companies include U.S. Bancorp's investment subsidiary, Oppenheimer & Co. Inc., three Northwestern Mutual entities, Guggenheim Securities and Guggenheim Partners Investment Management LLC, Cambridge Investment Research Inc. and Cambridge Investment Research Advisors Inc., two KeyCorp subsidiaries, two Lincoln National Corp. subsidiaries, and three Huntington Bank subsidiaries. The SEC sees record keeping as essential for enforcing securities laws and has been cracking down on firms using non-preserved communication channels. This action follows a $125 million fine against JPMorgan Securities in 2021. Huntington Bank received a smaller penalty of $1.25 million due to its voluntary self-report and cooperation.
#Sec #U.s.Bancorp #FinancialCompanies #Record-keepingFailures #Off-channelCommunications
https://www.marketwatch.com/story/u-s-bancorp-and-15-others-fined-81-million-for-record-keeping-failures-by-sec-c479e3d7
U.S. conducts new airstrikes targeting Yemen’s Houthi rebels
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The U.S. military conducted new airstrikes targeting Yemen’s Houthi rebels, destroying four explosive-loaded drone boats and seven mobile anti-ship cruise missile launchers. The strikes were carried out to protect U.S. Navy ships and merchant vessels in the region and ensure freedom of navigation. The Houthis have not acknowledged the losses. In recent weeks, the United States and the United Kingdom, backed by other allies, have launched airstrikes targeting Houthi missile arsenals and launch sites for its attacks.
https://www.marketwatch.com/story/u-s-conducts-new-airstrikes-targeting-yemens-houthi-rebels-44581ea9
Inflation is slowing, but Americans are still paying the price
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Americans are facing high prices despite slowing inflation. Grocery prices were 22% higher at the end of 2023 compared to the end of 2019. Many staples such as rent, gasoline, electricity, car insurance, and cable TV are also more expensive. Consumer confidence has been affected, with the consumer-sentiment survey hitting an all-time low of 50 points in 2022. Inflation is the top financial worry among U.S. consumers. While rising wages have partly offset price increases, lower-income families are burdened by rising food and transportation costs. Inflation has decelerated to around 3%, but the effects of high prices are likely to persist. The outcome of the 2024 presidential election could be influenced by who voters blame for high inflation. Falling inflation is unlikely, as the rate of overall U.S. inflation has fallen in only one year since 1960.
#Inflation #ConsumerPrices #GroceryPrices #ConsumerConfidence #Wages #Lower-incomeFamilies #2024PresidentialElection
https://www.marketwatch.com/story/inflation-is-slowing-but-americans-are-still-paying-the-price-2c13d7a0
British American Tobacco Swings to Pretax Loss on U.S. Cigarette Write-Down -- 2nd Update
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British American Tobacco reported a pretax loss of £17.06 billion in 2023, compared to a profit of £9.32 billion the previous year, due to a write-down of its U.S. cigarette brands. The write-down of £27.6 billion was largely driven by pressure on traditional cigarette brands in the U.S. as the company shifts focus to smokeless products. Adjusted profit from operations increased slightly to £12.465 billion. The company plans to divest at least part of its 29.02% stake in Indian conglomerate ITC. BAT expects the global tobacco industry volume to decline around 3% in 2024 and reaffirmed its guidance for low single-digit organic revenue and adjusted operating profit growth for the year. The board declared a dividend of 235.52 pence per share.
#BritishAmericanTobacco #U.s.CigaretteBrands #PretaxLoss #Write-down #SmokelessProducts #AdjustedProfit #Divestment #Itc #GlobalTobaccoIndustry #RevenueGrowth #Dividend
https://www.marketwatch.com/story/british-american-tobacco-swings-to-pretax-loss-on-u-s-cigarette-write-down-2nd-update-80c419e0
Don’t count on a soft landing for the U.S. — or the global economy
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Recession fears are fading, but the global economy may be coming in for a landing that’s still harder than many anticipate. The risks to global growth are tilted to the downside. The consensus forecast for the global economy remains cautiously optimistic. Recent developments suggest that the risks to global growth are still tilted to the downside. The Chinese economy is grappling with falling property prices and weak demand. European economic growth is expected to remain lackluster. European countries' unwillingness to invest in their own defense could necessitate a painful adjustment. Biden's Inflation Reduction Act (IRA) is essentially a protectionist trade policy. Both Democrats and Republicans in the U.S. seem uninterested in cutting government spending. Despite the widespread belief that the global economy is headed for a soft landing, recent trends offer little cause for optimism.
#GlobalEconomy #Recession #GlobalGrowth #China #Europe #U.s. #GovernmentSpending #Deficit #InterestRates #Inflation #TradePolicy
https://www.marketwatch.com/story/dont-count-on-a-soft-landing-for-the-u-s-or-the-global-economy-9925aa0f
China removes its securities regulator after slide in the stock market
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China has removed Yi Huiman as head of the China Securities Regulatory Commission (CSRC) after a steep drop in the country's stock market. He will be replaced by Wu Qing, a veteran of the agency who has headed its institutional supervision arm. The reason for Yi's removal was not specified in the report. The volatility in the stock market has upset China's citizens, with some expressing their frustration on a U.S. embassy social media post about giraffes. The Shanghai Composite has declined 5% this year but has gained 5% from Monday's lows.
#China #SecuritiesRegulator #StockMarket #Volatility #ShanghaiComposite
https://www.marketwatch.com/story/china-removes-its-securities-regulator-after-slide-in-the-stock-market-caf84e4b
Major bond-market gauge cements worst 2-day rout since October as market rethinks path of Fed rate cuts
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A roughly $100 billion bond exchange-traded fund that tracks the Bloomberg U.S. Aggregate index experienced its worst two-day drop since October. U.S. bonds extended a rout sparked by strong economic data and pushback from the Federal Reserve on the potential timing and magnitude of interest-rate cuts this year. The benchmark 10-year Treasury yield rose to 4.163% on Monday, a roughly 30 basis-point jump from the start of February. Fed Chairman Jerome Powell reiterated a need for the central bank to be careful about rate cuts in a “60 Minutes” interview. The iShares Core U.S. Aggregate Bond ETF fell 0.8% on Monday, marking its worst two-day drop since Oct. 3, 2023. The Dow Jones Industrial Average closed 0.7% lower and the S&P 500 index ended down 0.3% on Monday. The ICE BofA Move Index, a “fear” gauge of bond-market volatility, was last pegged at about 113 on Monday. There are concerns that higher interest rates for longer could hurt underwater commercial-real estate assets held by banks.
#BondMarket #FederalReserve #RateCuts
https://www.marketwatch.com/story/major-bond-market-gauge-cements-worst-2-day-rout-since-october-as-market-rethinks-path-of-fed-rate-cuts-3a3daa9a
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