U.S. Treasury yields rose on Wednesday as investors bet that perhaps the Federal Reserve wouldn’t cut rates as aggressively as hoped for this year. The 10-year Treasury yield was last up by 4 basis points to 3.967, after touching above 4% earlier in the morning. The 2-year Treasury yield was last trading at 4.343% after … Read more
Bitcoin tumbled on Wednesday, giving back all of its gains from the rally earlier this week. The price of bitcoin was last lower by 6% at $42,159.37, according to Coin Metrics. On Tuesday it climbed as high as $45,913.30, its highest level since April 2022. The drop followed Nasdaq’s worst day since October, as traders … Read more
Shipping giant Maersk saw a second session of strong gains Wednesday, as investors assessed a ratings upgrade and its decision to prolong a halt on Red Sea travel due to safety concerns. The Danish firm topped Europe’s Stoxx 600 gainers, with its Copenhagen-listed shares up 4% in early afternoon trade following Tuesday’s 6.4% rise. Shares … Read more
Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas, Texas, May 23, 2019. Ann Saphir | Reuters Richmond Federal Reserve President Thomas Barkin on Wednesday expressed confidence that the economy is on its way to a soft landing, but obstacles remain that will … Read more
A tram passes shoppers as it travels along Istiklal Street in the Beyoglu district of Istanbul, Turkey, on Tuesday, Dec. 19, 2023. Bloomberg | Bloomberg | Getty Images As inflation eases in most of the world’s major economies, eye-watering price rises continue to blight citizens in Turkey. Inflation in the country rose to 64.8% on … Read more
Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with the market’s tepid start to the year. From enthusiasm surrounding the “Magnificent Seven” technology stocks to expectations for multiple interest rate cuts this year, Eisman believes there’s little tolerance for things going wrong. “Long term, … Read more
The list of most-loved Club stocks on Wall Street entering the new year resembles the list of 2023 winners, except for two stocks: Constellation Brands and Disney . The Mexican beer importer and media-and-entertainment giant are among the 11 Club holdings with buy-equivalent ratings from at least 75% of the analysts who cover them, according … Read more
My top 10 things to watch Tuesday, Jan. 2 1. The S & P 500 finished 2023 with nine straight up weeks, its best winning streak since 2004. Up 24% for the year. We’re kicking off the new year by trimming 8 stocks that had huge runs last year. Bulls make money, bears make money, … Read more
Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 26, 2018. Jason Lee | Reuters Apple shares slipped more than 2% in pre-market trading Tuesday, after Barclays downgraded the stock to underweight and slightly trimmed its price target from $161 to … Read more
Tesla just published its fourth-quarter vehicle production and deliveries report for 2023. Here are the key numbers: Total deliveries Q4 2023: 484,507 Total production Q4 2023: 494,989 Total annual deliveries 2023: 1,808,581 Total annual production 2023: 1,845,985 In 2022, the Elon Musk-led automaker reported annual deliveries of 1.31 million and production of 1.37 million electric vehicles. The new … Read more
