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Super-sized Fed cut climbs back on the table
cryptocurrency newsSep 13, 2024

Super-sized Fed cut climbs back on the table

A look at the day ahead in European and global markets from Kevin Buckland European traders who went to bed thinking a quarter-point Fed rate cut was a lock for…

An under-the-radar industrial stock is a safe way to bet on the AI boom, Bank of America says
cryptocurrency newsSep 13, 2024

An under-the-radar industrial stock is a safe way to bet on the AI boom, Bank of America says

Industrial air cooling system.Yurou Guan Bank of America upgraded Johnson Controls to ‘Buy’ for its exposure to AI data centers. Johnson Controls is a top provider of thermal cooling equipment…

These 5 parts of the stock market are most at risk if Trump wins the election and implements wide-reaching tariffs, Barclays says
cryptocurrency newsSep 13, 2024

These 5 parts of the stock market are most at risk if Trump wins the election and implements wide-reaching tariffs, Barclays says

Former president Donald Trump campaigning in Arizona.Rebecca Noble/Getty Images Trump’s proposed tariffs would lower S&P 500 earnings as much as 4.7% next year, Barclays said. The presidential candidate has pledged…

Warren Buffett’s $13 billion bet on Occidental Petroleum turns sour as oil prices hit a 3-year low
cryptocurrency newsSep 12, 2024

Warren Buffett’s $13 billion bet on Occidental Petroleum turns sour as oil prices hit a 3-year low

Occidental Petroleum shares have dropped 29% since mid-April, impacting Warren Buffett’s stake in the company. The decline aligns with a 23% drop in crude oil prices on concerns about demand…

Why Lumen Stock Soared Today
cryptocurrency newsSep 12, 2024

Why Lumen Stock Soared Today

Lumen (NYSE: LUMN) stock posted explosive gains in Thursday’s trading. The telecom company’s share price closed out the daily session up 10.1%, according to data from S&P Global Market Intelligence.…

Why GE Vernova Stock Jumped to a Record High on Thursday
cryptocurrency newsSep 12, 2024

Why GE Vernova Stock Jumped to a Record High on Thursday

TIMOTHY A. CLARY / AFP via Getty Images GE Aerospace and GE Vernova chief executives and employees ring the opening bell at the New York Stock Exchange on April 2,…

Oracle Sees $104 Billion Sales in Fiscal 2029 on Cloud Expansion
cryptocurrency newsSep 12, 2024

Oracle Sees $104 Billion Sales in Fiscal 2029 on Cloud Expansion

(Bloomberg) — Oracle Corp. said annual revenue will rise to at least $104 billion in fiscal 2029, an optimistic signal on the growth prospects of the software maker’s cloud infrastructure…

El-Erian Says Cash on Sidelines Is Minimizing Bond Market Losses
cryptocurrency newsSep 12, 2024

El-Erian Says Cash on Sidelines Is Minimizing Bond Market Losses

(Bloomberg) — Investors are using their massive cash piles to lock in attractive yields in global bond markets, helping to limit losses in the asset class, according to Mohamed El-Erian.…

Meet the 15 members of the $100 billion club — who are jointly worth more than Amazon or Google
cryptocurrency newsSep 12, 2024

Meet the 15 members of the $100 billion club — who are jointly worth more than Amazon or Google

Elon Musk, Mark Zuckerberg, and Jeff Bezos are all members of the $100 billion club.Scott Olson/Getty/Mark J. Terrill/AP/Drew Angerer/Business Insider Composite The elite group worth more than $100 billion includes…

Berkshire Hathaway’s Jain Sells Over Half of Class A Shares
cryptocurrency newsSep 12, 2024

Berkshire Hathaway’s Jain Sells Over Half of Class A Shares

(Bloomberg) — Berkshire Hathaway Inc.’s vice chair of insurance operations, Ajit Jain, sold $139 million worth of his Class A shares in Warren Buffett’s conglomerate. Most Read from Bloomberg Jain,…

US OCC issues enforcement action against Wells Fargo
cryptocurrency newsSep 12, 2024

US OCC issues enforcement action against Wells Fargo

(Reuters) -The Office of the Comptroller of the Currency (OCC), a top banking regulator in the United States, said on Thursday it has issued an enforcement action against Wells Fargo…

Why Medical Properties Trust Rallied Today
cryptocurrency newsSep 12, 2024

Why Medical Properties Trust Rallied Today

Shares of Medical Properties Trust (NYSE: MPW) were rallying 16.8% in Thursday trading as of 12:45 p.m. ET. The medical property real estate investment trust (REIT) has a depressed stock…

DHL sues MyPillow, alleging company founded by Mike Lindell owes $800,000
cryptocurrency newsSep 12, 2024

DHL sues MyPillow, alleging company founded by Mike Lindell owes $800,000

MINNEAPOLIS (AP) — Package delivery company DHL is suing MyPillow, alleging the company synonymous with its founder, chief pitchman and election denier Mike Lindell owes nearly $800,000 for unpaid bills.…

Dave Ramsey Says You’re Wasting $5,000 A Year If You ‘Spend $13.70 A Day On Things You Don’t Need’
cryptocurrency newsSep 12, 2024

Dave Ramsey Says You’re Wasting $5,000 A Year If You ‘Spend $13.70 A Day On Things You Don’t Need’

Dave Ramsey Says You’re Wasting $5,000 A Year If You ‘Spend $13.70 A Day On Things You Don’t Need’ Financial expert Dave Ramsey has a clear message for anyone trying…

3 Magnificent S&P 500 Dividend Stocks Down 45% to Buy and Hold Forever
cryptocurrency newsSep 12, 2024

3 Magnificent S&P 500 Dividend Stocks Down 45% to Buy and Hold Forever

There are a few things that United Parcel Service (NYSE: UPS), Walt Disney (NYSE: DIS), and Ford Motor Company (NYSE: F) have in common. They are Wall Street juggernauts, components of…

Is Intel Stock a Hidden Gem or a Value Trap?
cryptocurrency newsSep 12, 2024

Is Intel Stock a Hidden Gem or a Value Trap?

Legacy chipmaker Intel (INTC) has shed 60% on a year-to-date basis due to the company’s lackluster performance in 2024 and the sizable losses it has been posting. While the bulls…

Wall Street’s top analyst calls
cryptocurrency newsSep 12, 2024

Wall Street’s top analyst calls

Roku upgraded, Micron downgraded: Wall Street’s top analyst calls The most talked about and market moving research calls around Wall Street are now in one place. Here are today’s research…

S&P 500, Nasdaq hold steady amid more signs of inflation cooldown
cryptocurrency newsSep 12, 2024

S&P 500, Nasdaq hold steady amid more signs of inflation cooldown

US stocks were little changed on Thursday as investors digested fresh inflation and labor data testing high-running expectations for a quarter-point interest-rate cut next week. The S&P 500 (^GSPC) fell…

Why Apple stock hasn’t moved much on iPhone 16 news
cryptocurrency newsSep 12, 2024

Why Apple stock hasn’t moved much on iPhone 16 news

Apple’s artificial intelligence offering, Apple Intelligence, was the star of its annual iPhone event on Monday. But for investors, the slow rollout of Apple Intelligence could pose a problem. While…

S&P 500, Nasdaq futures hold steady in wait for more inflation data
cryptocurrency newsSep 12, 2024

S&P 500, Nasdaq futures hold steady in wait for more inflation data

US stock futures edged higher on Thursday as investors waited for fresh inflation and labor data to test high-running expectations for a quarter-point interest-rate cut next week. Futures on the…

Futures marginally higher ahead of jobless claims numbers
cryptocurrency newsSep 12, 2024

Futures marginally higher ahead of jobless claims numbers

(Reuters) – U.S. stock index futures rose slightly on Thursday, after reversing a selloff to close higher in the previous session, with focus on upcoming economic data in the lead…

Steward Health Care’s settlement deal with landlord MPT receives court approval
cryptocurrency newsSep 12, 2024

Steward Health Care’s settlement deal with landlord MPT receives court approval

US-based hospital operator Steward Health Care has secured court approval for a settlement with its landlord, Medical Properties Trust (MPT), amid its ongoing bankruptcy proceedings. US Bankruptcy Judge Christopher Lopez…

Global Stocks Advance as Tech Rally Continues: Markets Wrap
cryptocurrency newsSep 12, 2024

Global Stocks Advance as Tech Rally Continues: Markets Wrap

(Bloomberg) — Stocks rallied, tracking gains in Asian markets as a tech-fueled rebound spread globally. Most Read from Bloomberg Europe’s Stoxx 600 index jumped 1.2%, the most since mid-August, led…

China Asks Its Carmakers to Keep Key EV Technology at Home
cryptocurrency newsSep 12, 2024

China Asks Its Carmakers to Keep Key EV Technology at Home

(Bloomberg) — China has strongly advised its carmakers to make sure advanced electric vehicle technology stays in the country, people familiar with the matter said, even as they build factories…

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