Piero Cingari

Piero Cingari

Benzinga Staff Writer

About
Piero is an accomplished Italian financial writer with extensive experience in the asset management and brokerage industry. He specializes in macroeconomics, central banks, bonds, and FX markets. Piero has a keen interest in how major economic events...
Wall Street Jumps Back To Record Highs, Dow Hits 40,000 As Inflation Fears Recede, Meme Stock Frenzy Returns: This Week In The Market
Major market indexes reached record highs for the fourth week in a row, fueled by inflation data and expectations for interest rate cuts. Meme stocks resurged, while Buffett bought Chubb and Dimon warned about fiscal deficit.
Silver Rockets To 11-Year Highs, Copper Hits Record Peak, Gold Approaches Historic Close: Mining Stocks' Wild Ride
Copper, silver, and gold prices surge on strong Chinese stimulus and Fed rate cut expectations, driving mining stocks to record highs.
China Goes All In As Beijing Vows To Buy Unsold Properties: Chinese Stocks Rally, Copper Hits All-Time Highs
China announces aggressive measures to boost property market, including easing mortgage rules and urging local governments to purchase unsold homes. Stocks and commodities tied to China rally in response to the news.
Bank Of America's Contrarian Guru Unveils Best Portfolio Hedge Against Hard Landing: 'No One Is Long'
Bank of America chief strategist predicts hard landing for US economy, recommends 30-year Treasury bonds as hedge against downturn.
Major Indexes Close In The Red, Dow Falls Below 40,000 As Investors Make U-Turn On Economic Outlook
Dow Jones closes 0.1% lower; S&P 500 & Nasdaq 100 fall 0.2%; Mixed data on inflation, jobless claims and housing.
Disinflation Hopes Reshape Treasury Yields' Major Trend: 5 Bond ETFs Poised To Rally On Fed Rate Cuts
Inflation data supports Fed rate cuts, yields test crucial 200-day average, creating favorable bond market trend. Powell downplays hike concerns.
Dow Jones Hits 40,000, Chinese Tech Stocks Jump To 15-Month Highs, Bloodbath On Meme Stocks: What's Driving Markets Thursday?
U.S. major stock indices climbed higher on Thursday morning, with the Dow Jones Industrial Average achieving a historic milestone by surpassing 40,000 points.
'Big Short' Investor Michael Burry Bets Heavy On Gold, Renewable Energy Stocks, Exits Amazon, Alphabet
Michael Burry, famous for predicting 2008 crisis, made headlines with his latest 13F filing. He shifted towards commodities & renewable energy and decreased holdings in tech giants.
US Inflation Data Prematurely Released By Accident, Yet Traders Missed Golden Opportunity
The U.S. Bureau of Labor Statistics accidentally released critical inflation data for April 30 minutes early on Wednesday.
Jamie Dimon Sounds Alarm On Ballooning US Fiscal Deficit: 'It Will Cause A Problem'
JP Morgan CEO Jamie Dimon raised concerns about the $1.9 trillion U.S. fiscal deficit, stressing the need for immediate action to reduce it and maintain global economic stability.
S&P 500, Nasdaq 100, Dow Jones Shatter Record Highs In Unstoppable Bull Market Rally
The S&P 500, Nasdaq 100 and Dow Jones Industrial Average indices all shattered fresh all-time highs Wednesday, driven by a benign inflation report that boosted risk sentiment among bullish investors.
Wall Street Jumps To All-Time Highs On Soft Inflation, Bond Yields Tumble, Bitcoin Soars, Meme Stocks Face Carnage: What's Driving Markets Wednesday?
The S&P 500 and the Nasdaq 100 indices rose to fresh record highs during morning trading on Wednesday following a broadly in-line inflation report and cooler-than-expected retail sales data for April, as traders increased their rate cut bets.
Economists React To Inflation, Retail Sales: 'The Soft Landing Narrative Is Still A Possibility But Not A Guarantee'
Inflation and retail sales slowed, signaling weaker consumer spending. Traders reacted by betting on Fed rate cuts, boosting S&P 500 and Nasdaq 100 to record highs, while bonds also surged. Economists remain optimistic but cautious.
S&P 500, Nasdaq 100 Hit Record Highs As Benign Inflation Data Supports Fed Rate Cut Prospects (UPDATED)
Editor’s Note: Article has been updated with additional information.
US Inflation Falls As Expected In April, Bolsters Fed Rate Cut Bets (UPDATED)
U.S. April inflation below expectations, may prompt Fed rate cuts. Retail sales up, but inflation rates down. Market reactions: bond yields, dollar down, stocks up.
Paramount Acquisition In Doubt As Sony Rethinks $26B Bid
CNBC's David Faber reported during "Power Lunch" on Tuesday that people close to the situation indicated a "rethinking" of the Paramount bid.
Wall Street Trades Flat On Mixed Producer Inflation; Meme Stocks See Wild Ride, Bitcoin Drops: What's Driving Markets Tuesday?
Wall Street is experiencing a subdued trading session, with all major indices showing minimal movement around midday in New York.
Biden Announces Massive Tariffs On Chinese Imports To Protect US Industries: Clean Energy, Solar Stocks Rally
President Biden announces new tariffs on Chinese goods to protect American economy and domestic jobs. Also aims to counteract subsidized production.
Fed Chair Powell Signals Patience In Rate Policy, Labels Producer Inflation Data As 'Mixed'
Jerome Powell reinforces U.S.monetary policy to maintain current rate, dismissing risks of new hikes. Praising strong labor market, progress on inflation.
Expect Rate Cuts, Not Recession: Fund Managers Most Bullish On Stocks In Over 2 Years
Optimism in stock market hit a near three-year high due to expected lower interest rates revealed in Bank of America's latest survey.