Economics Archives - Page 28 of 276

2 minute read

S&P 500 Due For ‘Classic 10% Correction,’ Wall Street Veteran Warns: Why They Expect Zero Rate Cuts In 2024

April 16, 11:07 AM

Wall Street veteran Ed Yardeni predicts a 10% market drop due to rising yields and strong economic growth, with no expected Fed rate cuts.

SPY

3 minute read

Wall Street Braces For Mixed Open As Middle-East Tensions Offset Earnings Optimism: Analyst Points To Silver Lining In Rally Break

By Shanthi Rexaline

April 16, 7:24 AM

Earnings optimism may partly offset worries concerning rising bond yields and the volatile geopolitical situation in the Middle East, with the index futures trading mixed early

BAC

2 minute read

Bond Yields Surge To 6-Month Highs As Likelihood Of No-Landing Scenario Increases: UBS Warns Of Potential Fed Rate Hikes To 6.5%

By Piero Cingari

April 15, 5:04 PM

U.S. Treasury yields at highest since mid-November 2023 due to economic resilience, fiscal spending, and inflation pressures, impacting government debt costs and bond ETFs.

IEF

3 minute read

Israel’s War Cabinet Vows To Respond ‘Clearly And Forcefully’ To Iran, G7 Mulls Sanctions On Tehran: Stocks Tumble, Gold Rallies, WTI Tops $85

By Piero Cingari

April 15, 3:30 PM

Tensions in the Middle East have surged again, with Israel’s war cabinet convening on Monday to deliberate their nation’s response, sending shockwaves through markets.

BTC

3 minute read

‘Marijuana Companies Ask Federal Court To Set Oral Arguments On DOJ Claim That Cannabis ‘Tourism’ Justifies Prohibition Enforcement’ – Marijuana Moment

By Benzinga Newsdesk

April 15, 3:26 PM

https://www.marijuanamoment.net/marijuana-companies-ask-federal-court-to-set-oral-arguments-on-doj-claim-that-cannabis-tourism-justifies-prohibition-enforcement/Marijuana companies seeking to shield their in-state

ACB

2 minute read

Stocks Stay Afloat On Strong Retail Sales, Middle East Relief; Bonds Drop: What’s Driving Markets Monday?

By Piero Cingari

April 15, 1:25 PM

Wall Street can breathe a sigh of relief following the tense events on Saturday night, when Iran launched airstrikes against Israel.

BTC

2 minute read

US Retail Sales Boom Well Above Forecasts, Rise 4% On The Year: ‘Blowout Report,’ Economists Say

By Piero Cingari

April 15, 12:25 PM

U.S. retail sales beat forecasts, growing 0.7% monthly and 4% annually. Non-store retailers, gas stations, and miscellaneous stores saw notable increases.

TLT

2 minute read

“Israel Defense Minister To Pentagon: No Choice But To Retaliate Against Iran” – Axios

By Benzinga Newsdesk

April 15, 10:36 AM

https://www.axios.com/2024/04/15/israel-iran-attack-missiles-retaliationIsraeli Minister of Defense Yoav Gallant told Defense Secretary Lloyd Austin Sunday that Israel has no choice but to respond to the unprecedented

EIS

2 minute read

Retail Sales Rises More Than Expected In March, Indicate Strong Consumer Spending

By Piero Cingari

April 15, 8:42 AM

Retail sales growth increase more than expected, showing consumer resilience despite inflation. U.S. stock futures rise on Monday.

UUP

3 minute read

US Stocks Look Set To Start Week On Solid Note Despite Iran-Israel Conflict, Bitcoin Tops $66K: Why This Analyst Sees Another Tech Bull Run

By Shanthi Rexaline

April 15, 7:27 AM

U.S. stocks may shake off geopolitical concerns on Monday and aim for a rebound after a week of weakness, as traders eagerly anticipate the upcoming earnings season.

AAPL