Markets
Hyper-local vs. hyper-focused: Two China ETFs go on different paths
Two exchange-traded funds are looking for profits in China with two different strategies. While the Rayliant Quantamental China Equity ETF dives into specific regions, the newly launched Roundhill China Dragons ETF buys the country’s biggest stocks. “[It’s] focused just on nine companies, and these companies are the companies that we identified as having similar characteristics […]
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S&P 500 grinds higher to further record highs, finding little to fear in October
Going looking for ghosts in October isn’t a great way to see one, as it turns out. At least so far. The prevailing sense among investors and market handicappers entering the month was to expect choppy, irresolute action full of potential scares. As with most consensus beliefs, this one was plausible. This time of year […]
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How the Fed’s rate cutting cycle could hit crypto’s ‘systemically important’ stablecoin sector
Fed rate cuts are likely to help push bitcoin and other risk assets higher, but some stablecoin issuers could suffer a hit to their revenue. Stablecoins are now collectively the 18th largest holder of U.S. Treasurys, with more than $120 billion of them backing different coins, and Bernstein recently called them an increasingly “systemically important” […]
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Goldman Sachs says these stocks are a table-pounding buy ahead of earnings
Analysts at Goldman Sachs named a slate of stocks to snap up as earnings season gets underway. There are plenty of buy-rated companies heading into quarterly reports, according to the firm. Those names include LivaNova , Spotify Technology, TKO Group and ServiceNow. Spotify Technology “SPOT is the clear global audio platform leader,” wrote analyst Eric […]
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Turkey should continue tight, monetary policy until inflation at target, IMF says
Alexander Spatari | Moment | Getty Images The International Monetary Fund called for continued tight, data-driven monetary policy in Turkey until inflation converges to target as it concluded an Article IV consultation. The policy turnaround has reduced economic imbalances and revived confidence the IMF said on Saturday, adding that improved market sentiment caused foreign and […]
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Chinese finance minister to deliver highly anticipated briefing on stimulus
Lan Fo’an, China’s finance minister, center, speaks as Zheng Shanjie, chairman of the National Development and Reform Commission (NDRC), left, and Pan Gongsheng, governor of the People’s Bank of China (PBOC), listen during a news conference on the sidelines of the National People’s Congress in Beijing, China, on Wednesday, March 6, 2024. Bloomberg | Bloomberg […]
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Boeing to cut 17,000 jobs as losses deepen during factory strike
Boeing 737 MAX airliners are pictured at the company’s factory on Thursday, Sept. 12, 2024, in Renton, Wash. Stephen Brashear | AP Boeing will cut 10% of its workforce, or about 17,000 people, as the company’s losses mount and a machinist strike that has idled its aircraft factories enters its fifth week. It will also […]
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10-year Treasury yield dips below 4.1% Friday after big jump this week
The U.S. 10-year Treasury yield dipped below 4.10% on Friday as investors assessed the latest inflation data that came in cooler than expected. The yield on the 10-year Treasury slipped less than a basis point to 4.088%, after having ended last week at 3.97%. The yield on the 2-year Treasury was down about 5 basis […]
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U.S. crude oil on pace to eke out second weekly gain on Middle East war risk
U.S. crude oil on Friday was on pace to eke out its second weekly gain in a row as Israel prepares to retaliate against Iran. The U.S. benchmark and global benchmark Brent are ahead about 1% this week. Oil prices have gained more than 10% through Thursday’s close since Iran hit Israel with ballistic missiles […]
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Stocks making the biggest moves midday: Tesla, Wells Fargo, JPMorgan Chase, Fastenal and more
Check out the companies making headlines in midday trading: Tesla — Shares of the electric vehicle maker tumbled more than 7% after its robotaxi event underwhelmed investors . Morgan Stanley analysts noted that the event “overall disappointed expectations” due to a lack of details in several areas, including how the company is going to compete […]
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