Good MorningEquity markets advanced on Tuesday on growing hope for a soft landing despite increasing evidence to the contrary. The S&P 500 gained 1.50% at the height of the session, indicating the summer rally was intact. The risk for the market is that the PCE price index is due out later this week and is expected to show core consumer inflation accelerate from the previous month. Data such as this aligns with the idea the FOMC will hike rates at least once more this year; hot data with the idea of multiple hikes by the end of the year.
Evidence of mounting risk includes the latest news from the FDIC. The FDIC proposes raising debt requirements for regional banks to match that of their larger competitors. The move is intended to bolster balance sheets and protect depositors should an institution collapse. With interest rates set to rise, the FDIC is getting ready for the next banking crisis, and it could begin this fall. Featured: This is the #1 Stock to Buy for the AI Tidal Wave (Chaikin Analytics) 
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Markets | | | The insurance industry faces many headwinds post-COVID normalization among them. While the headwinds continue to blow, the takeaway for investors is that insurance stocks are lightly valued, they produce cash, they pay solid dividends, margins are improving, and there are speculations of mergers a... Read the Full Story >> |
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Markets | | | Order has been restored. With the tech-heavy Nasdaq snapping its three-week losing streak, the market’s sector leader is back — at least for now. By far 2023’s best-performing group, information technology companies are benefiting from job cuts, other cost-saving measures, a semic... Read the Full Story >> |
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Stocks | | | Remember when every car dealer on the street had no inventory and lead times extended up to a year for specific brands? The chip shortage causing supply bottlenecks in motor vehicles is taking a back seat to catch its breath and hopefully never come back into the arena. What this means for the av... Read the Full Story >> |
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Stocks | | | AI is hot. It is expected to grow at a 50% CAGR or higher for the next several years, which certainly looks true for NVIDIA (NASDAQ: NVDA). While NVIDIA has captured the attention of investors, now there is another opportunity with longer legs than a data-center revolution: embedding AI into the d... Read the Full Story >> |
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Markets | | | The Russian ruble's wobble in value has exposed a crack in President Vladimir Putin's fortress economy, a vulnerability quickly plastered over by the Kremlin's economic team in a move that allowed the currency to regain its footing, at least for now.Yet the patch — an emergency interest rate increas... Read the Full Story >> |
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Markets | | | Athletic footwear and apparel maker NIKE Inc. (NYSE: NKE) stock is down 16.7% year-to-date (YTD). The recent earnings warnings from sports retailers DICK’S Sporting Goods Inc. (NYSE: DKS) and Foot Locker Inc. (NYSE: FL) have soured the already weak sentiment in the sector. These warnings imp... Read the Full Story >> |
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Markets | | | Employees seem to be following a pattern of professional detachment. Since the beginning of 2020, Gallup's worker engagement polls have shown steady employee-organization distancing. In the last three years, employee engagement levels dropped four percentage points. Given it can take nearly six mont... Read the Full Story >> |
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Markets | | | Global shares mostly rose Wednesday, boosted by a Wall Street rally that came on positive reports on consumer confidence and job openings. France's CAC 40 declined 0.1% in early trading to 7,363.09, while Germany's DAX slipped nearly 0.3% to 15,889.66. Britain's FTSE 100 added 0.1% to 7,473.74. U.S.... Read the Full Story >> |
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Markets | | | Empathy is the transformative force in business and life that allows leaders and managers to empower those around them. Beyond numbers and profits, understanding and connecting with others on an emotional level is a hallmark of exceptional leadership. This article delves into the power of empathy in... Read the Full Story >> |
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Markets | | | Gas prices have always been a topic of great interest and concern for millions of Americans who rely on gasoline to power their vehicles and homes daily.A sharp rise in gas prices can directly impact the economy, people’s expenses, and consumer behavior. Recently, events like Russia’s in... Read the Full Story >> |
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The Early Bird Stock Of The DayWednesday: Stock With Upcoming Ex-Dividend Banco Bradesco S.A., together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; debit and business cards; financial and security services; consortium pro... | | View Today's Stock Pick |
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