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Ed Yardeni Downplays Recession Fears But Warns, 'We Need More Bears To Keep The Bull Market Going'
2024 Jul 08, 6:25pm | 557Veteran Wall Street investor Ed Yardeni downplayed the imminent recession risk but cautioned that the disappearance of bearish sentiment is a contrarian signal for the bull market’s sustainability. Yardeni emphasized that recent weak economic data has paradoxically boosted stock prices. This...
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JPMorgan Strategic Buyouts Aid Amid Fee Income Woes
2024 Jul 08, 3:13pm | 847JPMorgan Chase & Co. (NYSE: JPM) remains well-positioned for growth on the back of higher rates, strategic acquisitions and restructuring initiatives, and a resurgence in global deal-making activities. However, challenges in improving fee income because of high mortgage rates and volatile...
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Powell Anticipates To Be Pressed About Rate Cuts, Bank Rules Before Congress
2024 Jul 08, 12:13pm | 516U.S. Federal Reserve Chair Jerome Powell is expected to face pressure on interest-rate cuts and bank regulations from members of Congress on Tuesday and Wednesday as he provides his semiannual testimony before both chambers. Sen. Elizabeth Warren (D-Mass.) is anticipated to squeeze Powell on...
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5 Low-Leverage Stocks to Buy Following Key Labor Data Release
2024 Jul 08, 12:13pm | 1443Major stock indices in the United States ended on the green last Friday, following a key labor market data release, which came almost in line with market expectations. Notably, the latest data implied a 206,000 increase in nonfarm payrolls in June in the United States, which might have reignited...
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Wall Street Sentiment Skittish At Start Of Fresh Trading Week, Bitcoin Stabilizes: Analyst Says 'First Half Of July Is Historically One Of The Most Bullish Periods'
2024 Jul 08, 7:43am | 1090U.S. stock futures are pointing to a flattish start as the broader market is perched at a record high, propped up by the tech rally. The recent strong gains are likely leaving traders a lot cautious ahead of some market-moving catalysts scheduled for the week. Federal Reserve Chairman Jerome Powell...
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Economic Slowdown: Powell On The Hot Seat Before Congress, To Testify Amid Rising Unemployment Rates
2024 Jul 07, 12:01pm | 483Jerome Powell, the chair of the Federal Reserve, will testify before Congress this week amidst signs of slowing inflation and a softening economy. What Happened: With the economy showing signs of slowing growth and employment, Powell is expected to inform lawmakers that the Federal Reserve...
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Stocks Rally To Record Highs As Investors Eye Interest Rate Cuts; Labor Market Cools, Tesla Soars: This Week In The Markets
2024 Jul 05, 4:17pm | 695U.S. stocks once again reached all-time highs in the shortened trading week due to the Independence Day holiday, as the latest economic data bolstered investor confidence that the Federal Reserve may soon begin cutting interest rates. The U.S. job market showed a better-than-expected increase in...
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US Close To Recession Warning As June Jobs Report Shows Rising Unemployment
2024 Jul 05, 12:12pm | 451The United States is close to breaching the threshold for the Federal Reserve’s “Sahm Rule” according to data from the June jobs report. The Data: The Sahm Rule, named for economist Claudia Sahm, is a heuristic measure used by the Federal Reserve to determine whether the U.S....
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Fed Needs To Frontload Interest Rate Cuts, Say 4 Economists: 'Labor Market's Cooling Trend Is Quite Clear'
2024 Jul 05, 11:56am | 951Despite the stronger-than-expected increase in non-farm payrolls last month, the Bureau of Labor Statistics’ June Employment Situation report indicated an overall cooling trend in the U.S. labor market. Significant downward revisions of 111,000 fewer payrolls in the previous two reports, an...
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Visa Trading Below 50-Day SMA: A Sign to Exit Your Position?
2024 Jul 05, 11:48am | 973Visa Inc. (NYSE: V) is currently trading below its 50-day simple moving average, with the stock priced at $268.99 compared to the 50-day SMA of $273.31, representing a downtrend. The 50-day SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price...
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June Jobs Figures Beat Expectations But Unemployment Rate Rises With Slower Wage Growth - A Mixed Bag For Interest Rates
2024 Jul 05, 8:43am | 467The official June labor market report for the United States indicates mixed conditions, showing robust employment growth but a slowdown in wage increases, which may support expectations for upcoming interest rate cuts. In June, the U.S. economy added 206,000 new jobs, a reduction from the...
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Wall Street On 'Wait-And-Watch' Mode Ahead Of Jobs Data, Bitcoin Plummets, Tesla Extends Climb: Analyst Flags 2 Factors That Pose Risk To Rally
2024 Jul 05, 7:28am | 1154U.S. index futures are trading in a listless manner, as traders look ahead to the all-important monthly non-farm payrolls data. ADP’s private payrolls survey showed that job gains slowed more than expected. In the eventuality of the number coming in line or softer than expected, the market...
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Fed Minutes: Policymakers Are Not In Rush To Cut Interest Rates, Decision Hinges On Economic Data
2024 Jul 03, 2:25pm | 767Minutes from June’s Federal Open Market Committee (FOMC) meeting that were released Wednesday indicate that policymakers are not eager to cut interest rates until additional data confirms that inflation is moving sustainably toward the committee's 2% target. FOMC On Inflation Data, Economic...
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First Foundation Stock Plunges After $228M Fundraise: Regional Bank Has Heavy Commercial Real Estate Exposure
2024 Jul 03, 1:25pm | 653Shares of First Foundation Inc. (NYSE:FFWM), a Texas-based regional bank facing commercial real-estate risks, dropped significantly on Wednesday after it received some badly needed help from a group of investors led by Fortress Investment Group. The stock closed at $6.58 a share on Tuesday but fell...
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S&P 500, Nasdaq 100 Climb To Record Highs As Data Fosters Rate Cut Optimism Ahead Of Fed Minutes; Gold, Bonds Rally: What's Driving Markets Wednesday?
2024 Jul 03, 1:04pm | 923The S&P 500 and Nasdaq 100 indices surged to new all-time highs on Thursday, as investors heightened their expectations for rate cuts following June’s sharply lower-than-expected services sector activity, which experienced its worst contraction since May 2020. Market-implied odds of a...