A technology stock “meltup” put the Nasdaq-100 index on the verge of exiting bear-market territory Thursday. The index NDX, +3.01%, heavily weighted toward megacap names, was up 2.9% at 12,727 Thursday afternoon, and traded as high as 12,880.98. A close at or above 12,815.21 would mark a rise of 20% from its Oct. 17 low …
Tech stock ‘meltup’ puts Nasdaq-100 on verge of exiting bear market Read More »
Hana Khouri of Drive Shack [Photo: Michael Samples/Dallas Innovates] Dallas-based Drive Shack Inc., an owner and operator of golf-related leisure and entertainment businesses, announced it has qualified to trade on the OTCQX Best Market. “We are excited to trade on the OTCQX market to allow efficient, cost-effective access to the US capital markets and transparent …
The Dow Jones Industrial Average’s DJIA, -0.67% selloff, in the face of a big rally in the broader stock market, is mostly the fault of one company’s stock. United Health Group Inc. shares UNH, -5.71% tumbled 5.7% in afternoon trading, in the wake of lower-than-expected Medicare Advantage rates proposed in 2024. The health insurer’s stock …
If you were lucky enough to hang on to your cow herd through the double whammy of drought and the pandemic over the past three years, you may finally get rewarded this year. The market experts at CattleFax told beef producers at the 2023 Cattle Industry Convention in New Orleans that this could be a …
Good year ahead for cattle, CattleFax market experts say Read More »
Yesterday, following their scheduled two-day meeting, the Fed did exactly what everyone had forecast they would do, and raised interest rates by a quarter of a point. It should probably have been a big non-event given that the bond market had, the day before, priced in a 98-99% chance of that being the outcome. If …
The Stock Market Jumped After a Rate Hike; What This Should Tell Investors Read More »
Central banks aggressively hiked interest rates last year as inflation in many countries rose to the highest levels in decades. Now, falling energy prices are reducing headline inflation and fueling optimism that monetary policy may be eased later this year. Such expectations have caused a sharp decline in global longer-term interest rates and boosted financial …
Looser Financial Conditions Pose Conundrum for Central Banks Read More »
The Federal Reserve fired off a smaller interest rate increase on Wednesday, while hinting it might soon be toning down its inflation fight, even before it hardly puts a dent in its pile of mortgage bond holdings. “We have no incentive and no intention to overtighten,” Fed Chairman Jerome Powell said in his news conference …
The housing market is chilling into Fed’s mortgage bond exit Read More »
In this week’s episode of Market Talks, Cointelegraph welcomes Budd White, chief product officer and co-founder of Tacen — a United States-based software company developing compliance software for a well-regulated crypto space. To kick things off, we get to know White a little better and find out his background and what drew him to the …
Why are Bitcoin and crypto pumping after the Fed meeting? Watch Market Talks live Read More »
Behind declines for shares of UnitedHealth and Merck, the Dow Jones Industrial Average is declining Thursday afternoon. Shares of United Health UNH, -5.42% and Merck MRK, -4.54% have contributed to the index’s intraday decline, as the Dow DJIA, -0.31% was most recently trading 86 points (0.3%) lower. UnitedHealth’s shares have declined $25.46 (5.1%) while those …
Dow’s 86-point drop led by losses in shares of United Health, Merck Read More »
Andy Jassy, CEO of Amazon, speaks at the ceremonial ribbon cutting prior to tomorrow’s opening night for the NHL’s newest hockey franchise the Seattle Kraken at the Climate Pledge Arena on October 22, 2021, in Seattle. Bruce Bennett | Getty Images Sports | Getty Images Amazon will report fourth-quarter earnings after the market close on …