What Could Trigger The First Interest Rate Cut In 2024 — Clues From Greenspan's Fed
Fed Chair Jerome Powell may find himself in a situation similar to the late 1980s in the spring of 2024, triggering the first interest rate cut if the labor market weakens and unemployment rises.
US Stocks And Bonds Head Into The New Year With Plenty Of Tailwinds
U.S. stocks and bonds are heading into the new year with plenty of tailwinds that could broaden the rally, though risks to the downside remain.
Why The Magnificent Seven Rally Could Last For Many More Years
Though past performance isn't a guarantee for future performance, as the usual Wall Street disclaimer goes, there is a good reason to believe that the Magnificent Seven will continue to outperform the market for many more years.
Housing Market In 2024: Another Boom Or Another Bust?
Lower interest rates ease the cost of financing home purchases. As a result, it could help revitalize the market for existing homes, as homeowners will be looking for opportunities to move to bigger or smaller homes, depending on their family needs.
Stocks And Bonds Get A Boost From The Fed And The Treasury Department – Will The Santa Claus Rally Bring More Gains?
One of the drivers for last week's gains was comments from Federal Reserve Chairman Jerome Powell signaling the end of the current monetary cycle tightening and the preparation for pivot — interest rate cuts.
The Great Comeback Of The Greek Economy
Today, the Greek economy has rebounded to a new normal, contributing to the European stability. The country is witnessing healthy Gross Domestic Product (GDP) growth, while the Debt to GDP ratio is declining.
Fed December Meeting: Another Pause Before The Pivot?
CME's FedWatch Tool points to a 98.4% probability of FOMC setting the FFR target at the current range this week, down from 97.1% a week ago and 90.9% a month ago.
Labor, Inflation Numbers Propel Stock Rally – What Is Ahead?
One of the catalysts for last week's gains was Friday's November labor market report. It showed that the U.S. economy continued to churn new jobs at a moderate pace in line with Wall Street's expectations.
November Jobs, Unemployment And Wages: What To Expect
Wall Street expects the U.S. economy to have created somewhere between 160,000 and 185,000 jobs in November, based on two forecasts published by Trading Economics.
Ulta Beauty's Big Comeback — Will It Last?
Wall Street was pleased with Ulta's financial results, sending its shares 11% higher Friday to $474 per share. Lila Margalit of Placer.ai thinks Ulta is in the right place at the right time with a suitable value proposition.
Bitcoin And Small Cap Stocks Continue To Lead Wall Street's 'Everything Rally' As Bond Yields Tumble
Bitcoin was up 5.2% for the week, followed by the Russell 2000 small caps index, which was up 3.5%. These gains outperformed the 0.2% tech-heavy Nasdaq 100 Index gains and the S&P 500 index's 0.9% gains.
Salesforce Wants To Be The Top AI CRM Company: Can It Solve Its Growth Problem?
AI is the next big thing in the IT industry. Salesforce wants to be on top of it.
Emerging Market Stocks Could Make A Big Comeback In 2024
There have been the best, the worst and the mediocre times for emerging market equities. This year was modest, with the iShares Emerging Markets Index (EEM) gaining 4.3% YTD compared to 18.7% of the S&P 500.
Big Tech Stocks Led Wall Street Gains In 2023 — What Is Next?
In recent weeks, small stocks, financials and real estate stocks have led gains on Wall Street as investors bought shares of companies that could benefit from a new investment narrative: declining interest rates and a growing economy.
Greece's Next Hot Export Could Be Medical Tourism
To find out how a small country like Greece ends up competing in the medical service sector and how Americans take advantage of it, International Business Times spoke with Dr. George Patoulis, president of the Athens Medical Association and Elitour, the Greek Health Tourism Council.
The Misery Of Holiday Air Travel: Can It Be Fixed?
Flying should be the fastest and most comfortable way of getting around the U.S. and the world for leisure and business travel. So why isn't it?
Tesla's Price Cuts Will Bring EVs To The Masses - What Does It Mean For The Stock?
Nowadays, interest in EVs has spread to a larger group of consumers who are critical to helping EVs cross the "tipping point" to reach the mass market. The problem is that this group consists of older, more conservative consumers who are cautious decision-makers, reluctant to pay the high price tag that comes with EVs.
Stocks And Bonds Rally For Another Week On Renewed Hopes Of Soft Landing – What Is Ahead?
The S&P 500 closed at 4,514.02, up 2.5% for the week; the Dow Jones at 34,947.10, up 2%; the tech-heavy Nasdaq at 14,125, up 3.1% and the small-cap Russell 2000 at 1797.77, up 5.8%.
Why High-Interest Rates Have Not Pushed The U.S Economy Into A Recession Yet
High interest rates for a prolonged period usually push the U.S economy into a recession. But not this time around -- at least not yet.
Stocks And Bonds Search For Direction After Mixed Economic Data
U.S stocks and bonds moved in the opposite direction on Wednesday following the release of mixed data on the state of the U.S economy.
Stocks Roar Back Led By Technology Shares – Will Moody's And Inflation Spoil The Rally?
The S&P 500 closed at 4,415.25, up 1.1 % for the week; the Dow Jones at 34,283.10, up 0.53%, and the tech-heavy Nasdaq at 13,798.1, up 2.07%.
Uber Is Riding To Profitability At A Slower Speed As It Tries To Fix Its Business Model
Uber is a global leader in ride-hailing, food delivery and other mobility services. Its app connects drivers and riders, capitalizing on the economies of a network associated with a large base of users.
Starbucks Keeps The Hype For Lattes Alive As It Turns From A 'Third Place' To 'Convenience Place'
Last week, the world's largest coffee shop chain reported solid financial results for the fourth quarter of 2023.
Stocks And Bonds Rally On Hopes Of The Fed Engineering A 'Golden Path' For The US Economy
The new narrative that renewed the interest of traders and investors on both debt and equities was floated by Chicago Fed President Austan Goolsbee in a CNBC interview on Tuesday morning.
Apple And Microsoft: Overvalued Or Undervalued?
Both companies are undervalued when the EVA growth of the two companies is compared to the growth in their market capitalization.
Stocks And Bonds Surge As The Tone Changes On Wall Street – Will The Rally Last?
The S&P 500 ended at 4,358, up 4.8 % for the week; the Dow Jones at 34,061, up 4% and the tech-heavy Nasdaq at 13,478, up 5.1%.
Stocks Rebound On Lower Bond Yields, Better Earnings
U.S. stocks staged a strong rebound on Wednesday afternoon, following a sharp drop in bond yields. The rebound continued in pre-market trade on Thursday.
October Jobs Report: What To Expect
A labor market report to be released this Friday by the U.S. Bureau of Labor Statistics (BLS) will show that the U.S. economy added jobs at a slower pace in October and that the unemployment rate remained steady.
US-China Relations At A Turning Point As Economic War Hurts Both Countries
The U.S.-China relations are said to be about to turn the corner, as both countries suffer the consequences of the trade war.
FOMC Meeting Preview: Geopolitics And Financial Instability Could Bring The Fed Closer To Pivot
There are a couple of good reasons behind another interest rate hike pause, despite the resilience of the U.S. economy and the elevated inflation.
