Oil futures traded higher early Tuesday, leaving the front-month contract within striking distance of its highest settlement level since November as investors awaited more U.S. inflation data and a European central bank decision on interest rates this week. Price action The front-month October West Texas intermediate contract CL.1, +1.26% CLV23, +1.26% rose 80 cents, or…
Stock investors are showing some hesitancy for Tuesday, with big signals on the economy coming this week via consumer prices and retail sales. Ahead of that, Apple is expected to tempt consumers with yet another new iPhone on Tuesday. How much should investors be worrying right now? Our call of the day from Pershing Square…
Neuberger Berman, an asset manager with eight decades under its belt, is on the lookout for cracks in credit markets from the Federal Reserve’s rate-hiking campaign. Erik Knutzen, chief investment officer of multi asset, worries that several factors could be a tipping point for the economy, from an economic slowdown in China to U.S. consumers…
U.S. stock indexes remained higher in Monday’s final hour of trading, boosted by producers of luxury items and services including Tesla, as investors await inflation and retail sales data later this week to help guide the Federal Reserve’s interest-rate policy. How stock indexes are trading The Dow Jones Industrial Average DJIA advanced 83 points, or 0.2%…
Instacart on Monday said it plans to offer 22 million shares at an estimated price of $26 to $28 per share with lead underwriters Goldman Sachs and JPMorgan in a bid to raise about $594 million in its upcoming initial public offering. The IPO adds the grocery-delivery name to an uptick in activity of late…
Investors in index funds have been well rewarded by a high concentration in the largest technology companies over the past decade. But there are also continuing warnings about the risk of such heavy concentrations, even in index funds that track the S&P 500. Solutions are offered to limit this risk, but if you expect Big…
Shares of Hostess Brands Inc. shot up into record territory Monday after the Twinkies and HoHos maker announced an agreement to be acquired by J.M Smucker Co. in a cash-and-stock deal valued at $5.6 billion. The stock TWNK, +0.86% jumped 17.9% in premarket trading, to put it on track to open well above the current…
“‘While I don’t think recession is now the most likely scenario, I think the probability of recession has been rising in recent months.’” — Abby Joseph Cohen Those are the words of Abby Joseph Cohen, former chief U.S. strategist at Goldman Sachs GS, +1.11%, who discussed her forecasts for the U.S. economy over the next…
Talking about AI alone has been pixie dust for big technology stocks this year. And as executives look for any way to shoehorn AI into their business plans, more S&P 500 index companies during their second quarter earnings calls mentioned “AI” than at any point since at least 2010, according to a report published on…
Consumer spending has defied Wall Street expectations all year, both by keeping stocks afloat near record levels and by preventing the U.S. economy from running aground into a recession. That’s why sentiment around stocks in the week ahead could hinge on two related economic data points: the consumer-price index (CPI) for August due on Wednesday…
Central bankers like to focus on core inflation readings, which strip out food and energy prices, but that doesn’t mean that they, or investors, will be able to ignore a renewed surge in crude-oil prices. In a Thursday note, DataTrek Research observed that the correlation between energy prices and the core reading of the consumer-price…
Let’s begin with a 10-year price chart for Nvidia Corp. NVDA, -1.45% : FactSet Nvidia’s stock has more than tripled this year, closing at $462.41 on Thursday, after rising from $146.14 at the end of 2022. This movement has been driven by a dramatic increase in the company’s revenue as it has little competition for…
Retirees and near-retirees probably don’t know it, but target-date funds are turning them into contrarians. Target-date funds (TDFs), of course, are mutual funds whose sponsors believe them to be “buy them and forget them” solutions to investing for retirement. Their equity allocations algorithmically decline as retirement age gets closer, while their bond allocations simultaneously increase….
The various retirement forums on Reddit are so full of people bragging about their money to a bunch of strangers that I’m never sure who to take seriously. But this post caught my eye because it raised so many intriguing questions: “I plan to retire at 65, and should have about $2 million in retirement…
The numbers: Commercial and industrial loans — a key economic driver — rebounded by a seasonally adjusted $6.9 billion to $2.76 trillion in the week ending Aug. 30, the Federal Reserve said Friday. Lending has been dropping for four straight months through July following the collapse of Silicon Valley Bank. Key details: Lending by large…
Intel Corp. shares finished lower Friday, snapping their longest winning streak in nearly three years, but at least one analyst wondered why more investors aren’t bullish on the stock given the chance a trade war between the U.S. and China could disrupt semiconductor “fab” operations in Asia, leaving Intel in a plum production position domestically….
The U.S. dollar isn’t about to lose its global leadership position despite challenges such as China’s increasing importance to the world economy, according to Wells Fargo Investment Institute. “We do not foresee a meaningful risk of the greenback losing its status as the world’s primary reserve currency,” strategists at Wells Fargo Investment Institute said in…
August was a hot month and it wasn’t just about the weather. Financial markets are now bracing for what’s likely to be a rebound in headline U.S. inflation next week, fueled by higher energy prices. Barclays BARC, +0.18%, BofA Securities BAC, +0.44%, and TD Securities expect August’s consumer price index to reflect a 0.6% monthly…
Treasury yields were little changed Friday morning, as the market steadied ahead of next week’s consumer price index report for August. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y was 4.953%, unchanged from its 3 p.m. Eastern time level on Thursday. The yield on the 10-year Treasury BX:TMUBMUSD10Y was 4.252%, down less than 1…
Dear Quentin, I grew up poor and in an unstable environment as a result of my parents’ serial divorces. I started saving at 16 as a direct result of the financial instability of my youth, and my wife and I have been able to build what most of the world would describe as a small…
Chicago Fed President Austan Goolsbee on Thursday suggested the Fed is almost done raising interest rates. “We are very rapidly approaching the time when our argument is not going to be about how high should the rates go,” Goolsbee said, in an interview on NPR’s Marketplace radio program. “It’s going to be an argument of…