Good MorningEquity markets tried to rebound on Wednesday but could not hold the gain. Rising oil prices invigorated fear of inflation and sent the markets down more than 0.5% at the session's low. The price of WTI advanced more than 3% at its high for the session and is on the verge of breaking out to a new 1-year high. The yield on the 10-year treasury, a gauge of the direction of interest rates, did advance to a new 1-year high, suggesting the FOMC's work is far from over.
Adding to the fear are comments from Fed President Neel Kashkari. In his view, interest rates are not high enough now and could be raised significantly before the threat of inflation is tamed. The S&P 500 could sink another 20% or more in that scenario. The next big hurdle for the market is Friday. The PCE price index is expected to show headline inflation accelerating, which could come hotter than expected. Featured: The World's First "$20 Trillion Drug (Behind the Markets) 
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Stocks | | | The markets just went through a relatively peaceful period. For the purpose of this article, I'll define that as a period where the VIX (volatility index) remained below 15 for more than a week. The last time markets enjoyed such a period was right before the shakeups brought on by the COVID-19 pa... Read the Full Story >> |
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Stocks | | | The AI revolution is upon us, and few sectors are better positioned to profit from it than the electronics manufacturing industry. These companies are already leaning hard into AI to improve their operations, increase productivity, and deliver returns for investors, and their clients are doing the... Read the Full Story >> |
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Markets | | | As the old investing adage goes, you should never put all your eggs in one 'basket. This can create immense portfolio risk and lead to devastating losses. Conversely, spreading wealth into a diversified group of individual stocks, bonds, and alternatives is a more prudent approach — f... Read the Full Story >> |
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Stocks | | | When the prominent investing names on Wall Street decide to move, everyday investors will benefit from keeping an ear to the ground, especially when these positions are broadcasted publicly via mandatory 13-F filings. Remember that guy who called the 2008 recession Dr. Michael Burry? He just cast... Read the Full Story >> |
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Markets | | | Costco’s (NYSE: COST) Q4 results failed to spark a rally, but investors should be cheering the news and the market action. The news confirms that Costco and membership clubs are a bastion of strength in the consumer world and will continue to provide investors with long-term returns. The tak... Read the Full Story >> |
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Markets | | | Global shares were mostly lower Thursday in subdued trading on looming worries about China property woes. France's CAC 40 shed 0.3% to 7,050.19 in early trading. Germany's DAX slipped 0.4% to 15,164.02. Britain's FTSE 100 edged down 0.6% to 7,544.91. U.S. shares were set to drift lower with Dow futu... Read the Full Story >> |
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Markets | | | Chaos struck a Jack in the Box restaurant in Texas when an employee began shooting at a drive-thru customer, allegedly over an order of curly fries. Now, one family is now suing the fast-food chain for negligence.In just-released video footage from March 2021, an employee working the drive-thru name... Read the Full Story >> |
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Markets | | | 2024 is right around the corner, and the world's marketing landscape has changed a lot in this year alone! So, what's changed in this time? As the internet grows, there are more people selling services and products than ever before. It's saturated out there. To make an impact, you need to take the s... Read the Full Story >> |
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Markets | | | This article originally appeared on Business Insider. If you're a CEO looking to keep your job, we've got some advice for you: Stop dating your employees. And if you do, don't try to cover it up.Last week, Edward Tilly stepped down as the chief executive of derivatives and securities exchange Cboe G... Read the Full Story >> |
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Markets | | | Vivek Ramaswamy is the latest entrepreneur pivoting to politics. The 2024 Republican presidential candidate is one of a long list of business leaders who have run for President of the United States.And some have even won. Entrepreneurs are no strangers to the Oval Office—at least eight former U.S. p... Read the Full Story >> |
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The Early Bird Stock Of The DayThursday: Stock With Recent Earnings Beat TuSimple Holdings Inc., an autonomous technology company, develops autonomous technology specifically designed for semi-trucks in the United States and Asia-Pacific region. It intends to produce a line of purpose-built (Level 4) L4 autonomous semi-trucks for the North American market. The company operates its Autonomous Freight Network (AFN) L4 autonomous semi-trucks equipped with its autonomous driving technology. Its AFN is an ecosystem that consists of L4 autonomous semi-trucks, high definiti... | | View Today's Stock Pick |
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