Stocks
By Suzanne McGee and Svea Herbst-Bayliss (Reuters) – Florida’s sun and low taxes enticed many hedge funds and other financial professionals to move south. Now another massive hurricane is putting that love affair to the test, but many big-name managers are committed to remaining in “Wall Street South” for the…
Traders are eyeing the release of the Fed September meeting minutes this afternoon.Kevin Dietsch/Getty ImagesUS stocks traded mixed as investors looked ahead to the central bank’s meeting minutes.The release will offer more insight into what the Fed is thinking about monetary policy and inflation.Traders are anticipating a quarter-point rate cut…
Investing.com – U.S. stocks were higher after the close on Wednesday, as gains in the , and sectors led shares higher. At the close in NYSE, the added 1.03% to hit a new all time high, while the index climbed 0.71%, and the index added 0.60%. The best performers of…
The COVID-19 pandemic made the world realize the importance of investing in healthcare infrastructure and developing treatments for unmet medical needs. The increased focus on healthcare and the defensive nature of the sector during economic challenges bodes well for healthcare and pharma stocks. Bearing that in mind, we used TipRanks’…
By Abhirup Roy (Reuters) – Ratan Tata, the former Tata Group chairman who put a staid and sprawling Indian conglomerate on the global stage with a string of high-profile acquisitions, has died, the Tata Group said in a statement late on Wednesday. He was 86. Tata, who ran the conglomerate…
Citi analyst is optimistic that the cruise sector rally will continue into 2025 and beyond.Image source: Norwegian Cruise Line.Cruise lines pop after Citi raises price targetsCarnival (+7.8%), Royal Caribbean (+4.7%), and Norwegian Cruise Line (+10.1%) all traded higher after Citigroup updated share-price targets that reflect positive outlooks. The analyst is…
By Andy Sullivan, Matt Tracy and Michelle Conlin (Reuters) – Hurricane Milton threatens to swamp Florida’s troubled property-insurance market, potentially pushing prices higher and threatening coverage in a storm-prone region that already has the highest insurance costs in the nation. The mammoth storm, which analysts estimate could cause $60 billion…
The Dow surged over 300 points Wednesday as investors awaited the release of the Federal Reserve minutes at 2 p.m. Also getting attention is this week’s coming inflation report, which will provide further insight into the state and the direction of the economy. Moreover, oil prices have declined, boosting investors’…
As traders approach another pivotal day for financial markets, a series of crucial economic data releases that could sway market dynamics are expected on Thursday, October 10, 2024. The Consumer Price Index (CPI), Core CPI, and Initial Jobless Claims will be in the spotlight, providing key insights into inflation trends…
Silas Stein / picture alliance via Getty ImagesKey TakeawaysReddit shares rose Wednesday after analysts at Jefferies initiated coverage of the company with a “buy” rating.The company has secured contracts with Google and OpenAI to use its content in the training of generative AI models.Reddit’s user growth reached its highest level…
