Author: Press Room

© Reuters By Yasin Ebrahim Investing.com — The S&P 500 slumped Friday, as a rally in bank stocks on strong quarterly earnings was offset by fresh fears of Federal Reserve rate hikes just as data flagged signs of a weaker consumer. The fell 0.7%, the added 0.8%, or 261 points, and the fell 0.9%. Fed Governor Christopher Waller said further rate hikes were still needed to curb inflation, adding that investors shouldn’t “expect rates to fall any time soon.” The hawkish remarks from Waller pushed the sharply higher as investors upped their bets on further Fed monetary policy tightening just…

By Ambar Warrick Investing.com — Oil prices rose slightly in early Asian trade on Friday as signs of increasing demand in China helped markets look past an OPEC warning on potential headwinds, while tightening supply and a weaker dollar put crude on course for a fourth straight positive week. China’s oil imports jumped over 22% in March to their highest level since June 2020, data showed on Thursday, as the country’s refineries ramped up production to meet fuel export demand and as local consumption picked up after the removal of most anti-COVID restrictions. The data helped further the narrative that…

By Ambar Warrick Investing.com — Most Asian currencies fell on Monday as hawkish comments from Federal Reserve officials spurred renewed fears of rising interest rates, which in turn helped the dollar extend its recovery from one-year lows. The and rose 0.2% each, extending gains from Friday after Fed Governor Christopher Waller called for more interest rate hikes by the central bank, despite recent signs that inflation was easing. Waller, a noted hawk, also noted that the Fed had not made too much progress in returning inflation within its 2% target. His comments saw markets pricing in a greater chance for…

LOS ANGELES (Reuters) – The Pacific Maritime Association on Thursday said the largest longshore union local on the West Coast disrupted work at the nation’s busiest seaport complex for the second week in a row, as labor talks covering 22,000 dockworkers from California to Washington state approach the one-year mark. Frustration is growing over the lack of resolution in the talks, which started in May. Major shippers – including suppliers to retailers including Walmart (NYSE:) Inc and Home Depot Inc (NYSE:) – have been diverting cargo from the West Coast to rival seaports on the East Coast and Gulf of…

This coming week is options expiration week (OPEX) in April. This week has a bullish influence as can be seen in this histogram of expected return for OPEX week only in the month of April. The data is the daily S&P 500 from 1985. S&P Behavior in OPEX Week in April Some stocks, such as Microsoft MSFT which was reviewed two weeks ago, are strong in this week. Zebra Technologies is such a stock. The share price has risen over 70% of the time in this week over the last 31 years. The histogram below reflects this strength. ZBRA in…

We believe that Estee Lauder stock (NYSE: EL) is a better pick over its industry peer Procter & Gamble stock (NYSE: PG), given its better prospects. Estee Lauder stock is trading at 5.5x trailing revenues compared to 4.5x for P&G. Investors have assigned a higher valuation multiple to EL stock, given its better financial position, as discussed below. If we look at stock returns, both stocks have seen around a 5% fall in the last twelve months, in line with the 6% fall for the broader S&P500 index. There is more to the comparison, and in the sections below, we…

Pausing retirement investing to pay down student loans helped me become a debt- free millionaire in my thirties. Here’s why and how. Seven years ago, my husband and I had good careers, a 4-bedroom house, a savings cushion and we did exactly what our parents told us to do — contribute to the 401(k) offered by our employers. Although it appeared we had our finances together, the truth was we owed more than we owned with student loans, mortgages and our everyday bills. I did some research online and most financial experts advise paying off debt and investing at the…

Japanese video game developer Sega Sammy Holdings Inc. is purchasing Rovio Entertainment, the Finish-based video game developer that created Angry Birds, for about $776 million. Sega offered $10.17, per share to Rovio shareholders and $1.63, per option to the company’s option holders, a Sega statement released on Monday read. Rovio’s board unanimously recommended shareholders accept the offer, which is supported by 49% of shareholders, including Rovio’s founding Hed family.The agreement ends talks Rovio was in with multiple parties since an $810 million offer from Israel-based Playtika Holding Corp. was made public earlier this year. Rovio announced on March 22 that…

After years of regulatory crackdowns and draconian Covid curbs, private entrepreneurs in China are low on enthusiasm. The Chinese government is resorting to surprising measures to restore their confidence, but the campaign has inspired more nervousness than optimism. The province of Hainan, an island that Beijing plans to turn into the world’s largest free trade port, rolled out a sweeping package of initiatives late last month intended to support the private sector. The most eyebrow-raising was a pledge from the provincial government not to target private businesspeople without cause. “For those entrepreneurs involved in criminal cases, [authorities] should not arrest…

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