Wall Street brokers flock to Four Twenty Five in NYC for ‘power hour’ after markets close
Celebrity chef Jean-Georges von Grichten’s new Park Avenue restaurant has become the epicenter of the “power hour,” a new post-pandemic phenomenon for Wall Street powerhouses, Side Dish has learned. As soon as the closing bell rang, traders, investors and executives flocked to Four Twenty Five, a Norman Foster-designed skyscraper that opened in December at 425 […]
Treasuries slip, dollar firm as markets grapple with US politics By Reuters – Investing.com
Investing.com — The Dow Jones Industrial Average closed at a record high on Monday as expectations of a rate cut in September increased after Federal Reserve Chairman Jerome Powell said recent inflation readings boosted confidence. As of 4 PM ET (9 PM GMT), the was up 210 points, or 0.5%, to close at a record […]
US Futures Waver as Traders Juggle Trump-Win Bets: Markets Wrap – Yahoo Finance
(Bloomberg) — Asian shares are expected to open mixed as U.S. stock futures swayed after the assassination attempt on President Donald Trump boosted expectations he would win the November election. Most read articles on Bloomberg S&P 500 contracts were little changed in early Asian trading. The U.S. dollar edged up against most currencies. Bitcoin surged […]
The Stock Market’s Other 493 Stocks Are Ready to Leave Big Tech Behind – Barron's
With the S&P 500 on track to reach record highs even though very few of the companies in the index are reporting steady profit growth, its reliance on a few star stocks may finally be changing. “Given the high correlation between tech outperformance and earnings, we expect a narrowing growth gap will act as a […]
Markets News, July 12, 2024: Stocks Close Higher to Finish Week With Gains; Dow Above 40K – Investopedia
S&P Gains and Losses on Friday 1 hour 51 minutes ago Profit earners Enphase Energy Enphase (ENPH) shares surged Friday after the company rolled out new U.S.-made residential and commercial solar energy installations that qualify customers for federal tax credits. Solar projects that meet certain requirements qualify for the Domestic Content Bonus Credit under the […]
Asian Tech Stocks Drop as Yen Whipsaws After Rally: Markets Wrap – Yahoo Finance
(Bloomberg) — Asian tech stocks fell on Friday, echoing Wall Street’s declines, while the yen was shaky, as slowing U.S. inflation prompted investors to pull out of big tech companies. Most read articles on Bloomberg On Thursday, the Nasdaq 100 Index fell 2.2% after slowing inflation data that supports a rate cut, while an index […]
S&P Futures Signal Endurance to Rate-Fueled Rally: Markets Wrap – Yahoo Finance
(Bloomberg) — Stocks hovered near record highs as traders hoped for more clues about the Fed’s outlook as Federal Reserve Chairman Jerome Powell wrapped up a two-day congressional hearing. Most read articles on Bloomberg Stocks rose for a seventh straight day, putting the S&P 500 on track for its longest run of gains since November. […]
Weekend Read: Populism, Politics, and Markets
Estimated Reading Time: 7 minutes Markets function within a complex framework of regulatory and central bank influence. This regulatory and monetary backdrop is not the benign rule of “experts” supposed by regulatory advocates in college textbooks, but rather often the product of raw entrenched political power. Success is getting in sync with the flow of […]
What are the odds of Biden dropping out? Here’s what the betting markets say
Mark Penn, chairman of the Harris Poll and former senior adviser to Clinton, explains concerns Democrats have about Biden’s fitness to be president and who would likely succeed him. Biden has maintained he will be the Democratic nominee in 2024 despite growing calls for him to withdraw, and betting markets have been on a rollercoaster […]
Oil prices muted as markets watch for storm Beryl impact By Investing.com – Investing.com
Investing.com — Oil prices were flat in Asian markets on Monday as traders closely monitored the impact of Tropical Storm Beryl on crude production in the Gulf of Mexico, but also remained focused on further signs of robust summer demand. Oil prices have recorded four straight weeks of big gains on hopes of stronger summer […]