Finance
BHP CEO expects a turnaround in China’s property sector in year ahead
Key Points BHP’s CEO Mike Henry said he expects China’s property sector to rebound in the upcoming year on the back of favorable government policies. While acknowledging that the country’s property sector is a “weak point” for steel demand, Henry is optimistic about Chinese government measures announced recently. “The government has enacted policies recently that […]
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Two major investor groups love these stocks, according to Goldman Sachs
Hedge funds and mutual funds — two of the biggest investor groups — piled into a handful of the same stocks last quarter in anticipation of changing market leadership and higher volatility, according to Goldman Sachs. The Wall Street bank analyzed the holdings of 693 hedge funds with $2.8 trillion of gross equity positions as […]
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Stocks making the biggest moves premarket: PDD Holdings, Boeing, Planet Fitness and more
Check out the companies making headlines before the bell. Boeing — Shares fell more than 1% after NASA announced Saturday it will turn to SpaceX to bring back two astronauts from the International Space Station. Boeing has said its Starliner was safe for the astronauts to fly home in case of an emergency — despite […]
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Why dividend stocks should be a hot play into fall
ETF Edge Why dividend stocks should be a hot play into fall Published Sat, Aug 24 202411:00 AM EDT Ellie Stevens@elliestevens02 WATCH LIVE Source
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How investors can prepare for lower interest rates: It’s ‘like getting a haircut,’ advisor says
Key Points Federal Reserve chair Jerome Powell signaled on Friday that lower interest rates are ahead. It would be the first time the central bank cut rates since the beginning of the Covid-19 pandemic. Investors likely shouldn’t do much to prepare for that shift, advisors said. They can expect lower-risk assets like cash and short-term […]
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Stocks making the biggest moves midday: Cava, Intuit, Ross Stores, Workday and more
Check out the companies making headlines in midday trading: Cava Group — Shares of the fast-casual restaurant chain popped more than 21% on stronger-than-expected quarterly results . Cava posted earnings of 17 cents per share on $233 million in revenue in the fiscal second quarter. That topped LSEG estimates calling for earnings per share of […]
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Watch live: Fed Chair Jerome Powell speaks from Jackson Hole conference
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell delivers his keynote speech Friday morning at the central bank’s annual retreat in Jackson Hole, Wyoming. Powell was widely expected to chart a path forward […]
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Stocks making the biggest moves premarket: Peloton, Workday, Chewy and more
Check out the companies making headlines before the bell. Chewy — The pet retailer stock advanced more than 2% on an upgrade from Piper Sandler to outperform from neutral. Piper Sandler believes gross margin expansion and efficiency gains are upside catalysts for the stock. Peloton — Shares of the connected fitness company slid about 2.4%, […]
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Why remote work has staying power: It’s ‘still kicking,’ economist says
Key Points Remote work surged during the Covid-19 pandemic and appears to have staying power. It has endured largely because it has perceived benefits for both workers and employers, economists said. Source
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