European Central Bank President, Christine Lagarde, addressed the European Banking Congress with her concerns about the state of Europe. Lagarde emphasized the growing signs of the global economy fragmenting into competing blocs, and the challenges posed by deglobalization, demographics, and decarbonization. Lagarde highlighted the imminent decline in Europe’s working-age population, set to begin as early…
Legendary value investor Jeremy Grantham has launched his firm’s first active ETF called the GMO U.S. Quality ETF. He has put GMO partner Tom Hancock in charge of it. According to Hancock, interest in active ETFs has increased in recent years, especially among institutional clients, due to tax advantages and ease of trading. The new…
Bridgewater Founder Ray Dalio Warns U.S. Debt Nearing ‘Inflection Point’ In a recent appearance on CNBC’s “Squawk Box,” Ray Dalio, the founder of Bridgewater Associates, issued a warning about the escalating U.S. government debt. Dalio emphasized that the mounting debt could lead to bigger economic, political, and social problems for the country. The U.S. currently…
Boston Fed President Susan Collins: More rate hikes may be needed despite recent inflation signs Boston Federal Reserve President Susan Collins cautioned that despite recent positive signs on inflation, more interest rate hikes could still be necessary. In an interview with CNBC, Collins emphasized the importance of appreciating the good news but also staying the…
Midday Trading Update: Gap, Spectrum Brands, and ChargePoint Make Headlines In the latest midday trading update, several companies are making headlines with significant stock movements. Gap, the apparel retailer, saw shares surge by 30.6% after posting fiscal third-quarter results that beat Wall Street’s estimates. The strong sales at Old Navy and improvements at its namesake…
Several companies are making headlines in premarket trading, especially Alibaba and BJ’s Wholesale Club. Alibaba’s U.S.-listed shares slipped 3.2% after announcing it would no longer spin off its cloud computing business, citing U.S. export restrictions on advanced chips. BJ’s Wholesale Club saw its shares retreat 4.6% after revising its expectation for comparable store sales in…
In extended trading, several companies are making headlines with significant stock movements. Applied Materials, a semiconductor company, saw its shares drop more than 7% after reports of a Justice Department probe into potential evasion of export restrictions on Chinese chip company SMIC. Meanwhile, Gap’s shares surged 15% following better-than-expected third-quarter results, with adjusted earnings of…
Alibaba Reports Quarterly Disappointing Profit, Halts Full Spin-Off of Cloud Group In the latest financial report, Chinese e-commerce giant Alibaba revealed that its quarterly profit fell below market expectations. This news led to a drop of over 8.3% in its U.S. shares during pre-market trading. Key figures from the September quarter revealed that the company’s…
Several companies are making headlines in extended trading, with Cisco Systems, Palo Alto Networks, Maxeon Solar Technologies, and Gambling.com all experiencing significant stock movements. Cisco Systems saw its shares tumble by nearly 11% after offering worse-than-expected guidance for the current quarter and full year. Despite a strong fiscal first-quarter report that beat analysts’ forecasts, the…
Top Stocks Making Headlines in Midday Trading Several companies are making headlines in midday trading as their stocks experience significant shifts. Here are some of the companies and the latest updates affecting their stock prices: Holley Shares of the auto parts manufacturing company gained 5.6% following an upgrade by Jefferies to buy from hold. The…
