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    Goldman Says Surging Chinese Stocks May Advance Another 20%

    by skolnes October 7, 2024
    October 7, 2024

    (Bloomberg) — Goldman Sachs Group Inc. upgraded its call on Chinese stocks to overweight, as it joined a camp of optimists that are touting the positive impact of Beijing’s stimulus …

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    Activist Starboard Value Takes $1 Billion Stake in Pfizer

    by skolnes October 7, 2024
    October 7, 2024

    (Bloomberg) — Activist investor Starboard Value has taken a stake of about $1 billion in Pfizer Inc. and is seeking to spur a turnaround of the struggling pharmaceuticals giant, according …

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    Japan leads Asia stock rally, dollar gains after blowout US payrolls

    by skolnes October 7, 2024
    October 7, 2024

    By Kevin Buckland TOKYO (Reuters) – Asian stocks rallied and the dollar reached a fresh seven-week peak on the yen on Monday after blowout U.S. labour data dispelled fears of …

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  • Cryptocurrency News

    Activist investor Starboard Value takes $1 billion stake in Pfizer, sources say

    by skolnes October 7, 2024
    October 7, 2024

    (Reuters) -Activist investor Starboard Value has taken a stake of about $1 billion in Pfizer and wants the U.S. drug giant to make changes to turn its performance around, sources …

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  • Cryptocurrency News

    Asian Stocks Eye Early Gains After US Jobs Report: Markets Wrap

    by skolnes October 6, 2024
    October 6, 2024

    (Bloomberg) — Most Asian stocks are set to open higher in early trading after strong US jobs data underscored the health of the world’s largest economy and boosted soft landing …

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  • Cryptocurrency News

    Does Intel’s New $3 Billion Pentagon Deal Make the Stock a Buy?

    by skolnes October 6, 2024
    October 6, 2024

    Semiconductor stocks have been some of the biggest winners from the red-hot artificial intelligence (AI) race. Among higher-profile chip companies is Intel (NASDAQ: INTC), which recently won a deal worth …

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  • Cryptocurrency News

    Lithium miner Arcadium confirms Rio Tinto takeover approach

    by skolnes October 6, 2024
    October 6, 2024

    (Reuters) -Rio Tinto, has made an approach to buy lithium miner Arcadium, the two parties said in separate statements on Monday, without revealing any financial details. “The approach is non-binding …

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  • Cryptocurrency News

    JPMorgan’s strategy chief on why investors should dial back risk amid market distortions

    by skolnes October 6, 2024
    October 6, 2024

    David Kelly, chief global strategist, JPMorgan Asset ManagementJPMorgan Asset Management Indexes have soared on strong economic data and a big rate cut from the Fed. Yet, as markets eye a …

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    Bond Traders Buckle Up for ‘No Landing’ After Jobs Surprise

    by skolnes October 6, 2024
    October 6, 2024

    (Bloomberg) — The “no landing” scenario – a situation where the US economy keeps growing, inflation reignites and the Federal Reserve has little room to cut interest rates – had …

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  • Cryptocurrency News

    The hiring rate trending lower could be a sign of problems to come

    by skolnes October 6, 2024
    October 6, 2024

    A version of this post first appeared on TKer.co The stock market climbed to all-time highs, with the S&P 500 setting a closing high of 5,762.48 on Monday. For the …

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