Rising expectations for a September rate cut following the latest inflation data bolstered demand for bullion.
Schlagwort-Archiv: Markets
Traders see the odds of a Fed rate cut by September at 100%
The probabilities are based on trading in CME fed funds futures contracts.
Our 5 top-performing stocks since June’s monthly meeting (only one is Big Tech)
Apple shares beat out the portfolio’s other mega-cap tech names, with a 9.7% advance over the period.
Adidas shares rise 3% after hiking 2024 guidance
Shares in Adidas rose on Wednesday after the company announced it would hike its full year 2024 earnings guidance.
ASML bookings surge as AI chip demand boosts purchases of its critical semiconductor tools
ASML reported second-quarter earnings and sales that beat forecasts, as interest in AI chips drives up demand for the firm’s semiconductor making equipment.
Spirit Airlines forecasts wider quarterly loss as revenue falls short of expectations
Spirit Airlines said Tuesday it would post a wider-than-expected loss for the last quarter because of revenue that came in short of its expectations.
We’re hiking our price target on Morgan Stanley despite a miss in a key business
Investors on Tuesday are more willing to look beyond a missed Morgan Stanley’s wealth management business than in the past.
Small caps are the hottest trade going in the stock market right now and they’re up again Tuesday
Small-cap stocks are on a tear right now as they took the baton from megacap technology shares to lead the market rally.
Many Americans think they’re insulated from climate change. Their finances indicate otherwise
Most Americans believe global warming won’t impact them much. But it’s already having a negative effect on household finances.
Man who claimed to be inventor of bitcoin referred to UK prosecutors for alleged perjury
A U.K. judge on Tuesday referred a case against Australian entrepreneur Craig Wright’s claim to be the inventor of bitcoin to the Crown Prosecution Service.