Day: August 15, 2024
Asia-Pacific markets set to track Wall Street rally; South Korea and Singapore trade data on deck
Buildings in the central business district in Singapore, on Wednesday, Feb. 14, 2024. Singapore’s economy expanded by a slightly more modest pace than initially expected in 2023, as manufacturing activity contracted and services growth slowed. Nicky Loh | Bloomberg | Getty Images Asia-Pacific markets were set to round off the week higher, tracking gains on […]
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Kroger plans to lower prices by $1 billion after Albertsons merger closes
A Kroger grocery store in Dallas, Texas, US, on Wednesday, Feb. 21, 2024. Shelby Tauber | Bloomberg | Getty Images Supermarket chain Kroger plans to lower grocery prices by $1 billion after the completion of its proposed $25 billion merger with smaller rival Albertsons, a company spokesperson said on Thursday. Kroger had previously promised to lower grocery prices […]
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‘Large, liquid and liked’: Barclays names 3 under-the-radar global stocks to buy
Global markets may be feeling the pinch from volatility and macroeconomic uncertainties, but Barclays believes several large-cap stocks in Europe make good plays right now. In an Aug. 9 research note titled “large, liquid and liked,” the investment bank’s analysts wrote that “not all recession indicators are flashing red.” “Summer markets are notoriously tricky to […]
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A $1.4 million vacation? Take a look inside a yacht that costs that much per week
The 255-foot superyacht Malia sold in 2023 with a price tag of $120 million. But she can be yours for a fraction of the cost: $930,000 per week. But with many large yacht charters, surcharges — for fuel, food, drinks, marina fees, onshore activities and special requests — are usually an additional 35% of the base […]
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A $1.4 million vacation? Take a look inside a yacht that costs that much per week
The 255-foot superyacht Malia sold in 2023 with a price tag of $120 million. But she can be yours for a fraction of the cost: $930,000 per week. But with many large yacht charters, surcharges — for fuel, food, drinks, marina fees, onshore activities and special requests — are usually an additional 35% of the base […]
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Another reason for market pep: A global central bank easing cycle is starting
There’s another reason why Wall Street had such a big day on Thursday besides some solid economic data. Investors are realizing we are in the middle of a massive, synchronized global central bank easing cycle and the Federal Reserve is about to join the party. In the past, such massive monetary easing has given a […]
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Stocks making the biggest moves after hours: Applied Materials, Autodesk, Coherent, H&R Block and more
Check out the companies making headlines in extended trading. Applied Materials — The material engineering stock slipped 2.5% despite third-quarter earnings coming in better than analysts anticipated. Applied Materials earned $2.12 per share, excluding items, on $6.78 billion in revenue. Analysts had penciled in just $2.02 a share in profits and $6.67 billion in revenue. […]
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What’s next for the Biden administration’s Medicare drug price negotiations
U.S. President Joe Biden and Vice President Kamala Harris walk out together, at an event on Medicare drug price negotiations, in Prince George’s County, Maryland, U.S., August 15, 2024. Ken Cedeno | Reuters The Biden administration on Thursday reached a milestone in Democrats’ decades-long quest to use Medicare to drive down prescription drug costs, releasing […]
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Meta CEO Mark Zuckerberg receives letter from lawmakers concerned about illicit drug ads on Facebook and Instagram
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during an interview on “The Circuit with Emily Chang” at Meta headquarters in Menlo Park, California, US, on Thursday, July 18, 2024. Jason Henry | Bloomberg | Getty Images A bipartisan group of lawmakers sent Meta CEO Mark Zuckerberg a letter on Thursday expressing concern that […]
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Goldman Sachs jumps into bitcoin ETFs while rivals retreat, and one hedge fund gets bullish on miners
When the SEC opened the door in January for bitcoin exchange-traded funds to hit the mainstream, many traditional financial institutions across Wall Street and beyond finally had the opportunity to buy into crypto. Since then, money has poured in, but in fits and starts. On Wednesday, banks and hedge funds with more than $100 million […]
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