Economic Updates
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Archive for itsuper
Archive for itsuper
Fed decision, megacap earnings ahead this week – what’s moving markets
Fed decision, megacap earnings ahead this week – what’s moving markets Investing.com — Stock futures in New York tick higher to begin a new trading week, with markets preparing for a major Federal Reserve monetary policy announcement. More megacap corporate results are also due out in the coming days, including earnings from Amazon (NASDAQ:AMZN) and Apple […]
Tesla, Baidu jump as EV maker reportedly wins tentative nod to launch FSD in China
Tesla (NASDAQ:TSLA) has received tentative approval from Beijing to launch its driver assistance software in China, the Wall Street Journal reported on Monday. According to the report, this development occurred during a surprise visit by CEO Elon Musk to Tesla’s largest market outside the US. Chinese authorities have agreed to allow Tesla to introduce its […]
Japan’s yen jumps against the dollar on suspected intervention
By Rae Wee, Vidya Ranganathan (Reuters) -The yen jumped suddenly against the dollar on Monday, with traders citing yen-buying intervention by Japanese authorities to try to underpin a currency languishing at levels last seen over three decades ago. The dollar fell sharply to a low of 154.40 yen from as high as 160.245 earlier in […]
Jefferies sees S&P 500 fair value at 4900 but doesn’t rule out a move to 5400
Jefferies outlines base, bull and bear case scenarios for S&P 500 April has been a largely unfavorable month for US stocks, with the S&P 500 recently witnessing the sharpest pullback in roughly six months. In a new note to clients, Jefferies strategists shared their latest projections for the benchmark index and lifted their base case year-end price […]
You should ‘buy the fear’ in Apple stock according to this prominent research firm
Apple stock has been one of the rare underperformers among technology companies in 2024, as the sector continues to thrive amid the ongoing artificial intelligence (AI) boom. However, on Monday, a renowned Wall Street research firm hinted that Apple’s woes may be coming to an end, urging investors to “buy the fear” in Apple shares […]
