Aug.31 — Komal Sri Kumar, president of Sri-Kumar Global Strategies, discusses Federal Reserve policy and its implications for global markets. Fed Chair Jerome Powell said last week the central bank could begin slowing down asset purchases this year, but it won’t be in a hurry to raise interest rates. Sri Kumar also discusses the outlook for Chinese stocks on “Bloomberg
A general view of the atmosphere at the TommyXZendaya collection launch event at the Tommy Hilfiger store on March 3, 2019 in London, England. (Photo by David M. Benett/Dave Benett/Getty Images for Tommy Hilfiger) David M. Benett | Getty Images Entertainment | Getty Images Check out the companies making headlines after the bell. CrowdStrike Holdings
Investors largely shrugged off the news that U.S. consumer confidence fell to a six-month low in August. What’s behind the market reaction? Presented by @CME Group: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights
Broader markets have been celebrating new record highs regularly over the summer. Year-to-date (YTD), the Dow Jones Industrial Average (DJIA), the S&P 500 index, and the Nasdaq 100 index are up about 15.6%, 20.5%, and 18.2% respectively. Meanwhile, analysts debate whether valuation levels for many stocks are overextended at this point. Nonetheless, there are several catalysts that
“The future of sports is electronic. The future of sports is mobile. The future of sports is now.” This is what Skillz Inc. (NYSE:SKLZ) says in a video about how it works. But if this is the future of sports, then why did SKLZ stock fall over 45% year to date to Monday’s close of
Aug.31 — Bloomberg Surveillance: Early Edition, live from London, Berlin and New York. Francine Lacqua, Matt Miller, and Kailey Leinz deliver the latest news and analysis on the markets with leaders in global finance and economics. Nikos Stathopoulos, partner at private equity firm BC Partners, says he’s optimistic about continued growth in private equity activity,
Aug.31 — Mitsubishi Power Paul Browning talks about power outages in Louisiana following Hurricane Ida and plans to expand the hydrogen infrastructure across North America.
I’ll start by stating that any month is a great month to buy dividend aristocrat stocks. September is proving to be a volatile month in terms of economic headwinds posed by Covid-19. That has essentially been true for all of 2021, let’s hope 2022 is better. But that volatility leaves investors searching for stability. That
Aug.31 — The Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau have warned Wells Fargo they may bring new sanctions over the company’s pace in fulfilling those obligations, according to people with knowledge of the situation. Bloomberg’s Hannah Levitt reports on “Bloomberg Markets.”
Aug.31 — Drone video shows the devastation left behind from Hurricane Ida in Louisiana.
The increased role of natural gas in the U.S. power sector is proving instrumental to emissions reduction. According to the EIA, coal-to-gas switching has led to a reduction of 33% of emissions from their 2007 peak. Presented by @CME Group: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights
Record high home prices, increased DIY activity, and a robust housing market have led to a jump in consumer spending on home improvements projects and helped sales at Lowe’s surge. Lowe’s is the world’s second-largest home improvement store, and about 90% of the U.S. population lives within 20 miles of a Lowe’s store. The company