Stock market today: Stocks climb after inflation drops to 3-year low, solidifying Fed bets
Investors are pricing in with certainty that a rate cut is coming in September, per the CME FedWatch tool.
Investors are pricing in with certainty that a rate cut is coming in September, per the CME FedWatch tool.
China's Lenovo Group reported a 20% rise in its quarterly revenue on Thursday, as the global personal computer market showed signs of recovery after a two-year slump. For the three months ended in June, the company's revenue rose to $15.4 billion, above the average estimate of $14.1 billion expected by analysts polled by LSEG. This marks a third consecutive quarter of revenue growth for Lenovo after it suffered five straight quarters of revenue declines amid the post-COVID slowdown.
McDonald’s (MCD) shares have declined by 7.4% year-to-date, mainly due to enduring bearish sentiment sustained by decelerating comparable sales, which even dipped into negative territory in its most recent Q2 results. This, in turn, can be largely attributed to wider industry trends and factors beyond McDonald’s control. Despite this, the company is on track to see record sales and near-record earnings this year, all while trading at an attractive valuation. Thus, I am bullish on MCD stock and b
Inflation is on its way to the Fed's target, and the job market is likely to perk back up, Ed Yardeni predicted.
Trading using borrowed money, or margin trading, in Japan's stock market fell sharply last week as investors were forced to dump stocks during the Nikkei index's biggest fall in nearly 40 years. Margin trading, which involves using borrowed cash from brokerages to ramp up bets in the stock market, is popular among Japanese retail investors.
Shares Jumped 14% in Extended Trading
Shares of coffeemaker Starbucks (SBUX) received a jolt of nearly 25% yesterday on news that Chipotle (CMG) CEO Brian Niccols, who is a star when it comes to leadership, will be taking over as CEO in September. Even after this incredible one-day gain (the stock’s largest ever), shares of Starbucks could have plenty of upside ahead. I’m bullish on Starbucks based on the excellent choice it made in the hiring of its new CEO, the company’s reasonable valuation, and its attractive 2.4%-yielding divid
(Bloomberg) -- Singaporean state-owned investor Temasek Holdings Pte spent billions of dollars in the second quarter buying shares in US technology giants, just before the sector dropped in July.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionJohannesburg Mayor Quits Amid Infighting, Financial WoesTem
Intel's share price has plummeted 60% in 2024, and the company has a lot of proving to do.
"We would be inclined to only slightly lower our S&P 500 forecast of 6,500 by end-25, if Trump won," Capital Economics said.