Reported 12 months ago
Citi Research's head of quantitative macro strategy, Alex Saunders, discussed the importance of government makeup, noting that a split Congress is more bond market-friendly. He highlighted an ongoing tension between fiscal concerns, cyclical factors, and a dovish Fed, likely to impact market performance. Saunders emphasized that as the election approaches, the Fed and election dynamics will be key drivers, particularly if polling indicates a potential split in Congress. Historical patterns suggest a strong equity performance in an election year, but a risk premium may emerge closer to the elections. Saunders highlighted the significance of data dependence leading up to Election Day and potential market reactions based on election outcomes.
Source: YAHOO
Reported 12 months ago
The U.S. Treasury Department has finalized a rule that will require cryptocurrency brokers to report information on users' sales and exchanges of digital assets to the IRS, aligning tax requirements for cryptocurrencies with those for other financial instruments. The rule, stemming from the $1 trillion Infrastructure Investment and Jobs Act, aims to ensure crypto users pay their taxes and is expected to bring in close to $28 billion over a decade. Brokers will need to report transactions involving stablecoins over $10,000, and a new tax form, Form 1099-DA, will aid taxpayers in determining their tax obligations.
Source: YAHOO
Reported 12 months ago
During a presidential debate with Joe Biden and a subsequent rally, former President Donald Trump referred to migrants taking 'Black jobs' and 'Hispanic jobs,' angering Democrats who criticized the comments as racist and divisive. Trump's repeated false claims and conspiracy theories were met with concern, including suggestions that Democrats aim to replace American voters with migrants. While Trump's rhetoric may resonate with his conservative base, it alienates voters of color. Critics condemned the vague and insulting terminology, with Democratic leaders and Black activists calling out the divisive nature of such language.
Source: YAHOO
Reported 12 months ago
Shares of Carnival Corp. (NYSE: CCL) surged 17.7% this week following positive earnings results, with revenue increasing by 17.7% to $5.78 billion and earnings per share rising from a loss of $0.31 to $0.11. The company's 2024 net yields are expected to rise by 10.25% and adjusted net income guidance has been increased by $275 million to $1.55 billion. Despite the positive news, Carnival still faces challenges with its $29.4 billion debt. Customer deposits have increased significantly to $8.3 billion, but with only $1.6 billion in cash, using deposits to pay down debt poses potential risks in case of economic downturns or booking declines.
Source: YAHOO
Reported 12 months ago
Investors continue to fuel the stock market with bets on artificial intelligence in the first half of 2024, with Nvidia's shares skyrocketing 149% and contributing to the S&P 500's 14% climb. Despite inflation concerns delaying Federal Reserve rate cuts, the AI frenzy persists, driving optimism that the central bank will eventually lower rates. However, potential challenges such as unchanged interest rates, election season volatility, and high stock valuations could hinder the market rally. Big tech companies like Microsoft, Amazon, and Meta are also benefiting from AI innovations, highlighting the transformative potential of artificial intelligence in driving productivity and growth.
Source: YAHOO
Reported 12 months ago
Source: BARRONS
Reported 12 months ago
A recent post on PTT shared the struggles of a man who hastily married his Vietnamese spouse after just six months of dating, providing her with a monthly allowance of 130,000 but feeling disheartened as she frequently gets angry over trivial matters, even during her pregnancy. Despite his efforts to improve the situation, the husband is considering divorce due to the strain on their relationship, sparking a discussion online about the challenges of mismatched expectations in marriage.
Source: YAHOO
Reported 12 months ago
Pop star Na Ying's performance in 'Singer 2024' was highly anticipated, but in the latest ranking on June 21, she surprisingly hit rock bottom, leaving other contestants shocked. In a rare moment, she shed tears in front of the camera and choked up, questioning, 'Can't I sing anymore?' This unexpected incident has sparked discussions. Na Ying expressed her self-doubt after ranking last, but she vows to continue singing the songs she loves despite the setback.
Source: YAHOO
Reported 12 months ago
The US Supreme Court has overturned a longstanding decision from the Chevron v. Natural Resources Defense Council case, which originally stated that judges should defer to federal agencies in interpreting the law when the language of a statute is ambiguous. This shift transfers more power back to the courts from federal agencies, significantly impacting the interpretation of agency laws. The ruling, coming down 6-3 along ideological lines, signals a key change in the balance of power within the federal government.
Source: YAHOO
Reported 12 months ago
Bloomberg報導指出，波士頓的臨床級生物科技公司Bicara Therapeutics 將與摩根士丹利合作進行美國首次公開募股，預計籌集約1億至1.5億美元資金。公司計劃於明年8月開始銷售股票，但細節仍在商討之中，可能會有變化。Bicara Therapeutics 的發展重點在於使用雙重作用生物製劑來誘發腫瘤反應。該公司已於去年12月進行了1.65億美元的C輪融資。
Source: YAHOO
Reported 12 months ago
The core Personal Consumption Expenditures (PCE) index showed a 0.1% rise in May, meeting economists' expectations. With the Federal Reserve closely monitoring inflation, Banrion Capital Management CEO Shana Sissel believes the data is positive news for the central bank. She mentioned that the PCE data aligning with expectations and indicating a slowdown is in line with what the Fed aims to achieve. Sissel also discussed the performance of large and megacap companies versus small-cap stocks, expressing optimism for the former but a lack of catalysts for the latter. Overall, she anticipates a potential rate cut by the Fed in September, leading to continued economic growth and positive market returns by year-end.
Source: YAHOO
Reported 12 months ago
JPMorgan Private Bank released its mid-year outlook for 2024, highlighting potential global economic outcomes for the rest of the year. The report emphasizes concerns about frothy sentiment, high valuations, and possible risks in the labor market. Analysts also discuss the lack of significant market pullbacks in 2024 so far, pointing out historical averages and the potential for increased volatility. The outlook also touches on the impact of elections and key policy platforms on market dynamics.
Source: YAHOO
Reported 12 months ago
KKR & Co.-backed software company OneStream Inc. has publicly filed for an initial public offering, revealing increasing revenue and decreasing losses. With a net loss of $29 million on revenue of $375 million last year, compared to a loss of over $65 million on revenue of $279 million in 2022, the company includes KKR and an entity controlled by Robert Powers among its major investors. OneStream, which specializes in software for CFOs and finance teams, attracted investments from partners like Tidemark, Partners Fund Capital, and Alkeon Capital Management, aiming for a Nasdaq listing under the symbol OS.
Source: YAHOO
Reported 12 months ago
Ned Davis Research chief US strategist Ed Clissold discusses recent economic data, reflects on the first half of the year, and makes market predictions. Clissold believes that while earnings expectations may be overly optimistic for the second half of the year, a recession is unlikely. He notes that a slight pullback in the market is possible due to high market participation, but it is more likely to be a small correction rather than a bear market. Clissold also mentions that stock valuations are slightly stretched, and investors should consider relative valuations between stocks and bonds as a potential risk factor. While tech mega caps have been driving the market, growth stocks are expected to continue performing well in a modest economic growth environment.
Source: YAHOO
Reported 12 months ago
A U.S. court has been asked to postpone a hearing on the winning bid for an auction of shares in Citgo Petroleum's parent company to September 19. The court officer evaluating bids in this historical auction requested a two-month delay to complete evaluations and negotiate with bidders. The auction could lead to a change in ownership of Venezuela's Citgo, aiming to satisfy $21.3 billion in claims against the country. The judge may need to decide on unsolicited bids if deemed superior to those received.
Source: YAHOO
Reported 12 months ago
The recent Supreme Court ruling eliminated the Chevron doctrine, a 40-year-old legal principle that granted significant power to executive branch agencies like the EPA. This decision shifts the regulatory power from agencies to the courts, impacting federal rule-making. The ruling may hinder efforts to address environmental issues, public health threats, and auto safety regulations, prompting a potential increase in congressional involvement in legislation clarity. The decision was praised by conservatives as a victory for the rule of law but criticized by Democrats for undermining regulatory protections and siding with corporate interests.
Source: YAHOO
Reported 12 months ago
The slippery slope fallacy warns of a chain reaction starting from a seemingly harmless event leading to an extreme outcome, often portrayed as inevitable. This fallacy can be present in various fields and contexts, such as politics, law, and social issues. The article explains the different types of slippery slopes, provides tips on how to identify and counteract this fallacy in conversations, and offers examples. It emphasizes the importance of examining evidence, considering alternative outcomes, and focusing on supporting arguments with valid reasoning.
Source: YAHOO
Reported 12 months ago
自从将大量资金投入到阿根廷庞大的锂矿床中以来，该国在近十年间只见过一家新矿开始生产。这种情况即将发生变化。根据彭博新闻所见的尚未公布的联邦政府时间表，将有四个新项目在未来数周和数月内开始生产锂，这几乎会使阿根廷的产能几乎翻倍，其增长潜力长期以来一直吸引世界各地的电池制造商关注。这些项目将在南美洲安第斯山脉中的盐湖上建造，这里被称为锂三角地区。
Source: YAHOO
Reported 12 months ago
During a news conference, Indiana Fever's Caitlin Clark cut off reporters who were asking her questions to ensure that her teammate Aliyah Boston also got the spotlight. Clark redirected questions towards Boston after reporters seemingly overlooked her presence. Boston graciously participated in answering, showing no signs of being upset. The act was possibly a way for Clark to show gratitude for Boston's support during a previous conference. The incident highlighted the unequal attention given to players within the WNBA, with some emphasizing the importance of recognizing all players' contributions.
Source: YAHOO
Reported 12 months ago
Goldman Sachs senior biotechnology analyst Chris Shibutani discusses the pharmaceutical industry, noting advancements in biotechnology innovation for unmet needs like cancer and cardiovascular disease, as well as opportunities in obesity drugs and cancer treatment. However, he warns that the Inflation Reduction Act's drug price negotiation for Medicare could challenge the industry. The act has a set protocol that will affect the entire industry, with 10 drugs initially selected for negotiation starting in 2026.
Source: YAHOO
Reported 12 months ago
Candace Cameron Bure recently posted swimsuit photos on Instagram from her Italy vacation with husband Valeri Bure. The Fuller House alum shared pictures of herself in a black one-piece swimsuit and a striped outfit with a caption expressing their love for Italy. The couple, who have been married for 27 years, keep their relationship joyful and fun by continuing to date and laugh together, even as empty nesters.
Source: YAHOO
Reported 12 months ago
Amidst meme-stock frenzy and strong equity market performance, cracks in the economy are becoming apparent. Softening economic growth is testing investor optimism, highlighting disparities between strong and weak companies. Disappointing data and concerns about the Federal Reserve's anti-inflation stance are raising caution. Companies with precarious balance sheets are underperforming, and the market is showing signs of vulnerability. Despite overall market stability, challenges amid economic uncertainty and changing interest rates are emerging, affecting corporate bonds and investor preferences.
Source: YAHOO
Reported 12 months ago
Tate McRae and The Kid LAROI's relationship started in early 2024 with dating rumors, leading to public sightings together and confirmation of their relationship status by LAROI in April 2024 during a concert in Dublin where McRae was present. From wearing each other's clothes to holding hands at various public events, their romance has captivated fans, marking a new chapter after McRae's split from Cole Sillinger and LAROI's previous relationship with Katarina Deme.
Source: YAHOO
Reported 12 months ago
Equity traders are adjusting their positions following the US presidential debate between President Joe Biden and former President Donald Trump. The debate's impact has led to an increase in shares of private prisons, credit card companies, and health insurers, benefiting from optimism surrounding Trump's chances for re-election. Conversely, renewable energy and cannabis stocks are in decline. Investors are advised to reconsider exposure to consumer discretionary and renewable sectors, as a Trump presidency and Republican Congress could have differing effects on these industries.
Source: YAHOO
Reported 12 months ago
Pink announced on Instagram that her 12-year-old daughter Willow is leaving her Summer Carnival tour to pursue her love of theater, specifically a production of Bye Bye Birdie. Pink reminisced about the moment she saw Willow's passion for theater and expressed pride in her daughter's decision to follow her dreams. Willow hopes to pursue theater professionally and eventually be on Broadway, as Pink encourages her to 'go do the damn thing.'
Source: YAHOO