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Read More »BofA profit drops on weaker interest income
Bank of America (BAC) reported a drop in third-quarter profit on Tuesday, as its income from customer interest payments shrank. Shares of the bank dipped 0.3% in premarket trading. Banks have been paying out higher interest rates amid intense competition for deposits to prevent customers from fleeing to lucrative alternatives …
Read More »Labor-focused Fed to continue rate cuts, Morgan Stanley Wealth Management says
By Bansari Mayur Kamdar (Reuters) – The U.S. Federal Reserve will continue cutting interest rates in November, but policymakers are walking a thin line as inflation is no longer cooling at an accelerated pace, Morgan Stanley Wealth Management’s chief investment officer said. The Fed is focused on a labor market …
Read More »Billionaires Are Deciding to Sell Shares of This Well-Known Stock
You can learn a lot by watching the moves of billionaire investors. That’s because they have a proven track record of success, having built a fortune through investing over the long term. You may pick up ideas from their buys and sells, with the goal of scoring your own investing …
Read More »China’s economy set to grow 4.8% in 2024, missing target: Reuters poll
By Kevin Yao BEIJING (Reuters) – China’s economy is likely to expand 4.8% in 2024, undershooting the government’s target, and growth could cool further to 4.5% in 2025, a Reuters poll showed, maintaining the pressure on policymakers as they consider more stimulus measures. Gross domestic product is forecast to have …
Read More »Better Artificial Intelligence Stock: Palantir vs. UiPath
Palantir (NYSE: PLTR) and UiPath (NYSE: PATH) represent two different ways to invest in the growing artificial intelligence (AI) market. Palantir mines data from disparate sources to help its government and commercial clients make data-driven decisions, and UiPath’s software robots help companies automate repetitive tasks. Palantir went public via a …
Read More »S&P 500 hits another record close as rally presses on amid earnings
The S&P 500 hit its 46th record close of the year on Monday. Lucky-photographer/Shutterstock US stocks hit record highs on Monday as investors get ready for a wave of earnings reports. Over 80 S&P 500 companies, including Netflix and Goldman Sachs, report earnings this week. Fed Governor Waller advised caution …
Read More »Collapse risks loom as markets are the most fragile they’ve been in 20 years, ‘Black Swan’ author Nassim Taleb says
Nassim Taleb.Mohd Zakir/Getty Images “The Black Swan” author Nassim Taleb says he’s focused on hedging against a market collapse. He said the market is flashing parallels to prior crashes, noting that it is the most fragile in 20 years. He pointed to risks like high debt levels and “crazy” stock …
Read More »Chinese Stocks See Choppy Trade as Investors Debate Next Move
(Bloomberg) — Chinese stocks fluctuated in early trading Tuesday amid growing debate over how far the rally can go. Most Read from Bloomberg The CSI 300 Index was down 0.3% as of 10:28 a.m. local time, after falling as much as 1.4% earlier. It rose 1.9% on Monday. A gauge …
Read More »Why Crypto Prices Soared on Monday and May Only Be Getting Started
The crypto market soared on Monday as U.S. presidential candidates battle to win the crypto vote. Today’s news is that Kamala Harris will support crypto legislation to “make sure owners of and investors in digital assets benefit from a regulatory framework.” While the details were sparse, the sentiment was enough …
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