OBR Forecasts Paints Bleak Picture for UK Economy The Office for Budget Responsibility’s latest growth and inflation forecasts, released on Wednesday, present a much bleaker picture than previous projections from March. The revised forecasts show that inflation is expected to rise to 2.8% by the end of 2024, a significant increase from the previous prediction…
Investors who are cautious and are sticking with cash may want to consider alternative options. According to Matthew Bartolini, the managing director and research head of SPDR Exchange Traded Funds, active management can provide stability and income, as well as create more opportunities for upside. Bartolini shared these insights with CNBC’s “ETF Edge” this week,…
Several companies are making headlines in midday trading, with Nvidia shares falling 1.7% after reports that the company will delay the release of a new AI chip in China due to U.S. export restrictions. Electric vehicle startup Fisker saw a 5% increase in shares following the announcement of a delayed quarterly report and changes to…
iRobot, Nvidia, Apple, Walmart, Target, Amazon, Best Buy, and Fisker are all making headlines in the pre-market trading session. Shares of iRobot surged 30% after a report from Reuters, citing sources familiar with the matter, said that Amazon is close to receiving regulatory approval in the European Union for its $1.4 billion acquisition of the…
Stock Market Update: Important News for Investors Investors looking to start their trading day should take note of these important news items: 1. Market Rally Stalled After five consecutive winning days for the S&P 500 and the Nasdaq Composite, all three major indexes ended Tuesday lower, due to concerns about inflation and the Federal Reserve’s…
Stocks Experiencing Significant Pre-market Movement Investors and traders are closely monitoring the pre-market activity of several stocks as significant movements have been observed. The following stocks are currently experiencing the largest moves in pre-market trading: 1. Nvidia (NVDA): The stock of the multinational technology company is seeing a notable increase in pre-market trading. This uptick…
Stocks making headlines in midday trading include Clorox, Safety Shot, Deere, Caterpillar, Nordstrom, HP, Autodesk, Nvidia, Carnival, American Airlines, and United Airlines. Clorox saw a less than 1% increase following an upgrade from JPMorgan, while Safety Shot plummeted more than 30% after questioning of its alcohol detox drink. Deere shares dropped nearly 4% after issuing…
Stock Market Midday Report: Amazon, Burlington Stores, Medtronic, Kohl’s, and More In today’s midday market report, several companies are making significant moves, affecting their stock prices and the overall market. Here are the highlights: – Amazon: The e-commerce giant saw a 2.4% slip in its stock after reports that founder and Executive Chair Jeff Bezos…
Midday Trading Update: Zoom Video Communications, Paramount Global, and Microsoft Make Headlines In today’s midday trading update, several companies are making headlines with significant stock movements. Zoom Video Communications saw an increase of nearly 2% ahead of its third-quarter earnings release, with analysts expecting $1.08 per share in earnings and revenue of $1.12 billion. Paramount…
Boeing, Microsoft, and PENN Entertainment are among the companies making big moves in premarket trading. Boeing saw a 1.5% increase after an upgrade from Deutsche Bank, while Microsoft added 0.5% following the announcement of former OpenAI CEO Sam Altman joining the company to head a new artificial intelligence research team. Meanwhile, PENN Entertainment saw a…
