Consumer Sentiment Holds Gains While Long-Run Inflation Expectations Remain Stuck in High Gear
Consumers reduced their spending at retail stores in January, but not because they were feeling worse about the economy and its outlook. A preliminary survey of Americans’ financial health released in February by the University of Michigan showed on Friday that consumer sentiment continued to rise from the past two months. The consumer confidence index […]
BlackRock Bitcoin ETF Gains $500M as Wall Street Appetite for BTC Grows – Decrypt
Demand built up over many years Bitcoin (BTC) Exchange-traded funds (ETFs) continue to generate intense activity around the top cryptocurrencies, with this new investment vehicle posting its strongest days ever. BlackRock, the world’s largest fund manager, is leading the way. Yesterday alone, the fund manager’s iShares Bitcoin Trust saw an inflow of $493 million. There […]
Stock gains to survive a market correction if rate cuts are delayed, one economist says – CNBC
One economist said if the central bank cuts interest rates later than investors are currently pricing in, recent stock gains could be sustained through the end of the year and weather a mid-year market correction. Ludovic Soubran, chief economist at German financial services firm Allianz, said that although there are seasonal fluctuations, profits have declined […]
Grains log some gains | Monday, February 12, 2024 – Successful Farming
March corn ended the day up 1.5 cents. March soybeans closed at 9.5 cents. CBOT wheat is up less than a penny. KC wheat fell 2¾¢. Minneapolis wheat fell 1¾¢. “Following last week’s close, the low-crop market appears poised for another drop, continuing to leave traders wondering where the bottom lies,” the Comstock report said. […]
Andy Kim gains momentum over NJ first lady in Democratic Senate convention to replace Bob Menendez
At the first Democratic convention held in New Jersey on Saturday, Rep. Andy Kim (D.N.J.) reportedly defeated the state’s first lady, Tammy Murphy, by a wide margin. The three-term congressman’s early victory over Murphy in Monmouth County is significant, giving him the best chance to compete against the state’s other 20 counties to replace the […]
Andy Kim gains momentum in New Jersey Senate race against Tammy Murphy
Rep. Andy Kim (D.N.J.) defeated New Jersey First Lady Tammy Murphy (D) in a landslide in her home county, but is in the state’s first Senate primary to replace Sen. Bob Menendez. Murphy suffered a crushing defeat at the Democratic National Convention. Kim received about 56.8% of the vote in Monmouth County, and Murphy is […]
3 key Bitcoin price metrics hint at BTC gains above $48K – Cointelegraph
Bitcoin price rose 6.28% in the past 24 hours, hitting an all-time high of $48,200 on February 9th. Considering this performance, technical indicators, rising Bitcoin ETF stock and on-chain data, the strength for Bitcoin (BTC) to revisit post-Bitcoin ETF approval highs above $49,000. Traders say Bitcoin Supertrend indicator shows rare buy signal Bitcoin’s monthly chart […]
Australian Dollar moves in a negative zone after trimming intraday gains, US data eyed – FXStreet
share: The Australian dollar widened its losses after cutting intraday losses. The Australian currency strengthened as RBA’s Mr Bullock gave no rulings on future policy action. China’s CPI (YoY) fell by 0.8% against the expected 0.5% decline and the previous 0.3% decline. Fed members pledge to keep raising interest rates until inflation sustainably […]
Stocks Pare Gains as Traders Weigh China Support: Markets Wrap – Yahoo Finance
(Bloomberg) — Asian stocks fell from session highs as investors weighed China’s efforts to prop up markets and the impact of a series of cautious comments from U.S. Federal Reserve officials. Most Read Articles on Bloomberg Hong Kong stocks reversed gains in morning trading, but mainland stocks were volatile, pointing to doubts about the effectiveness […]
These stocks are expected to see sharp gains, boosted by analysts lifting their 2024 earnings estimates, Jefferies says – CNBC
Jefferies is focused on a group of stocks poised for a breakout, and analysts have already raised their earnings estimates for the company. The fourth quarter earnings season continues despite strong macroeconomic concerns and signs that the U.S. Federal Reserve could cut interest rates later in 2024 than previously expected. However, corporate profits are solid. […]