Newsfeeds Archive - Page 132 of 150

2 minute read

Pessimism Reigns Supreme Among Fund Managers: Bank of America Survey Reveals 5 ‘Contrarian’ Trades To Watch

May 16, 5:29 PM

A survey conducted by Bank of America Corp. revealed fund managers' pessimism reached the highest level in 2023 as investors increased cash balances and became more pessimistic about growth.

IUSV

1 minute read

House Speaker McCarthy Says ‘Further Conversations’ On Debt Ceiling Necessary, Opening Up More Talks This Week

By Piero Cingari

May 16, 4:56 PM

"Negotiators are still far apart" but a deal by the end of the week is "feasible", House Speaker Kevin McCarthy (R-CA) said following a debt-meeting summit with President Joe Biden and other key lawmakers on Tuesday.

SPY

1 minute read

Goldman Sachs’ Solomon, Pfizer’s Bourla, More CEOs Implore Biden, McCarthy To Avoid Disastrous Default

By Piero Cingari

May 16, 3:44 PM

More than 140 top executives of American corporations issued a letter urging the government to reach a solution to promptly lift the debt ceiling and avert the disastrous implications of a default, just a few hours ahead of the key Joe Biden-Kevin McCarthy

2 minute read

Failed US Bank CEOs Claim To US Senate Committee That Banks Were Highly Liquid, Risk Management Was In Place

By Piero Cingari

May 16, 12:56 PM

Former executives from bankrupt Silicon Valley Bank and Signature Bank sought to explain the sequence of events that led to the two banks' failures in March before the Senate Banking, Housing and Urban Affairs Committee on Tuesday.

BOH

2 minute read

Fed Officials Curb Investor Enthusiasm, Caution Against Anticipated Rate Cuts

By Piero Cingari

May 16, 10:57 AM

Recent statements from Fed members have been more hawkish than expected, dampening the market's enthusiasm for a rate-cutting cycle to begin later this year.

UUP

2 minute read

Retail Sales Rebound 0.4% In April; Investors Widely Expect Fed Pause In June

By Piero Cingari

May 16, 8:50 AM

Retail sales increased 0.4% in April on a month-over-month basis, according to the the advance estimates released Tuesday, rebounding from a revised 0.7% decline recorded in March but falling short of the expected 0.8% increase. US April Retail Sales: Key Takeaways

GDL

2 minute read

Japanese Stocks Rallied Five Weeks In A Row After Warren Buffett’s Bet, Outperforming A Nearly Flat S&P 500

By Piero Cingari

May 15, 7:30 PM

Since Warren Buffett expressed willingness to raise his exposures to Japanese trading companies on April 10, the Nikkei 225 index, which represents the broad Japanese stock market, registered gains for five straight weeks, increasing by 8% and surging

DXJ

2 minute read

Clock Ticking As Republicans Dismiss Biden’s Tax Plans As Debt Ceiling Showdown Intensifies

By Piero Cingari

May 15, 5:07 PM

Negotiations to raise the U.S. federal debt ceiling met fresh snags after the White House presented congressional Republican leaders with a list of proposals to reduce the deficit by closing tax loopholes on Monday, which were universally rejected by the GOP.

BIL

2 minute read

US Value Stocks Trail Growth Stocks By An Alarming 8% In 2023: Why Is The Value Style Underperforming Again?

By Piero Cingari

May 15, 12:46 PM

The first four and a half months of 2023 have been broadly positive so far for U.S. stocks, with the S&P 500 index, which is closely tracked by the SPDR S&P 500 ETF Trust (ARCA: SPY), gaining 8%.

AAPL

2 minute read

New York State Manufacturing Sentiment Plummets In May: Trouble Ahead For The ISM Manufacturing PMI?

By Piero Cingari

May 15, 10:50 AM

The New York Empire State Manufacturing Index, which measures the sentiment of manufacturing executives about business conditions in the state of New York, unexpectedly plunged to negative 31.8 points in May, down from 10.8 in April and considerably below the 3.75 decline

UUP