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...
Biden Administration Tightens Grip On China's Huawei, Revokes Key Export Licenses From US Chipmakers
The Biden admin revoked export licenses to Intel and Qualcomm, escalating US efforts to curb Huawei's tech ascent due to national security concerns.
Israeli Forces Seize Control At Rafah Crossing As Ceasefire Negotiations Falter: US Delays Military Shipments To Israel
Israeli forces take Rafah crossing, Hamas warns of ceasefire collapse. US delays arms shipment, UN condemns Israeli assault. Stocks rise.
Immigration Rebound Helps Solve US Inflation Puzzle: Goldman Sachs
U.S. immigration rebound stabilizes wages and inflation. The large influx of low-wage labor helped fill shortages.
US Stocks Eye Fourth Positive Session Despite Hawkish Fed Remarks; Disney, Palantir Tumble; Treasury Yields Fall: What's Driving Markets Tuesday?
Wall Street experienced a quiet session during morning trading on Tuesday, influenced by a lack of significant economic data and minimal updates on earnings from major large-cap companies.
Elon Musk Endorses Argentine Stocks; Bond, ETF Rally Persists In Wake Of Milei's Election Victory
Elon Musk recommends investing in Argentina and assets soar: ETF up 54%; bank stocks up over 100%; IMF praises stabilization efforts.
Nvidia Is 'De Facto AI Standard For The Foreseeable Future': Goldman Sachs Analyst Revises Share Price Expectations
Goldman Sachs raises Nvidia price target to $1,100 ahead of its earnings report, citing strong AI server demand and improved supply chain.
The Biggest Investors Are Selling Stocks Right Now, Yet S&P 500 Notches Best 3-Day Streak In 7 Months - Should You Buy?
US pension funds shift from stocks to private equity and real estate. CalPERS and NY State Common Retirement Fund decrease equity exposure.
Israel Terms Gaza Ceasefire Accepted By Hamas As 'Softened'; US Opposes Netanyahu's Operation In Rafah
The Islamist group Hamas has accepted a ceasefire proposal, despite Israel's concerns. Biden urges restraint and Israel faces domestic pressure.
Stocks On Track For Third Green Session, Palantir Ignites Rally In Chipmakers, Commodities Rebound: What's Driving Markets Monday?
The stock market is poised to mark a third consecutive session of gains, with major indices all trading in the green during midday trading in New York on Monday, as traders continue to react positively to quarterly earnings and the Federal Reserve’s unexpectedly dovish stance
How China's Central Bank Gold Buying Frenzy Drove Prices To Record Highs, Attracting Gen Z To 'Gold Beans'
China's gold acquisitions drive global prices to record highs in April 2024. Cultural and economic factors play a significant role in the country's demand for gold.
Warren Buffett Trims Berkshire's Apple Stake: Should You?
Warren Buffett's Berkshire Hathaway reduces its stake in Apple by 22% to $135.4B, despite only an 11% decrease in share price. This reflects a sale of 115M shares, strengthening cash reserves.
Why Veteran Wall Street Investor Believes We're Still In A Bull Market
Wall Street veteran Ed Yardeni sees continued growth potential in a bull market, supported by a more cautious Fed, positive earnings, and reduced market volatility.
Federal Reserve Dismisses Rate Hike Fears, Labor Market Cools, Apple Lures Investors With Record-Breaking Buyback: This Week In The Market
The stock market breathed a sigh of relief as Fed Chair Jerome Powell eased fears of interest rate hikes amid recent inflation surprises.
Apple Eyes Best Session Since Late 2022, Breaks Above 200-Day Average For First Time In 4 Months
Apple's stock surges over 6% on Friday, surpassing its 200-day moving average for the first time since Jan 2024. This was driven by a strong quarterly report and a record-breaking share buyback program.
Stocks Rally As Jobs Report Rekindles Rate Cut Hopes, Apple Rockets, Bitcoin Soars Above $61,000: What's Driving Markets Friday?
A weaker-than-expected jobs report sparked a widespread market rally in the last session of the week, as traders increased expectations on potential interest rate cuts later this year.
Jobs Growth Slows, Unemployment Ticks Up, Wage Increase Cools: 'The Market Should Love This Report'
Services Sector Activity Gauge Contracts, Stocks, Bonds Trim Gains: 'Business Is Slowing'
Following the ISM Services PMI data, market reactions saw stocks and bonds trimming their early morning gains, influenced by a cooler-than-expected jobs report.
Job Market Cools In April: Payrolls Miss Forecasts, Wages Rise Less Than Expected (UPDATED)
U.S. labor market misses April expectations, signaling slower economic growth and potential interest rate cuts. Stocks rise, Treasury yields fall.
Carvana Revs Up Over 1,500% In A Year, Inflicts Heavy Losses On Short Sellers
Carvana experienced a dramatic surge on Thursday, with its stock leaping by 33% after reporting Q1 earnings that surpassed expectations.
Shocker Of 2024: Utilities Overtake Tech Sector — 10 Stocks Behind The Shift
Utilities, once the underperformers, have emerged as the surprise winners in S&P 500's first four months. Tech dipped while utilities surged.