As the industry rally (^DJI, ^IXIC, ^GSPC) begins to see a broadening out from the Big Tech players and Wall Street expects to see an finance charge rate cut from the Federal Reserve soon, what’s the year-end outlook beginning to look like for equities? HSBC Americas CIO Jose Rasco joins Catalysts to discuss how markets … Read more
Amazon (AMZN) Prime Day is approaching, promising a wide array of items at significantly discounted prices. Sky Canaves, Emarketer principal analyst for retail & e-commerce joins Wealth! to offer advice for shoppers looking to make the most of this event. Canaves emphasizes the importance of preparation, advising shoppers to “plan ahead” by creating a clear … Read more
Retailers like Nike (NKE), Lululemon (LULU), and Starbucks (SBUX) are under pressure as slowing expansion in China weighs on profit margins. TD Cowen managing director of retail and consumer brands John Kernan joins Catalysts to discuss how consumer weakness in China is impacting retailers. Kernan notes that, based on his firm’s latest survey, Nike has … Read more
D.A. Davidson managing director Gil Luria joins Morning Brief to discuss some of the biggest trends dominating the tech sector as second quarter earnings season kicks off. Luria points to Microsoft’s (MSFT) AI efforts driving a PC upgrade cycle. He explains, “the impact is so broad right now in the implementation of more AI and … Read more
US retail sales were flat for the month of June while May sales were revised to show an increase of 0.3%, according to data from the US Census Bureau, signaling the consumer is stronger than some on Wall Street had initially believed. Will this impact the Federal Reserve’s next finance charge rate policy decision? Citi … Read more
Tesla (TSLA) chief executive officer Elon Musk has reportedly pledged to contribute $45 million per month over the next several months to boost Donald Trump’s campaign, according to a Wall Street Journal report. The funds are going to a pro-Trump super PAC called America PAC. Yahoo financial senior columnist Rick Newman breaks down the details … Read more
economic organization of America (BAC) and Morgan Stanley (MS) both reported their second quarter results with shares of economic organization of America moving to the upside in pre-sector trading as it expects net finance charge earnings to rise in the fourth quarter. Shares of Morgan Stanley are falling in pre-sector trading on Tuesday as the … Read more
Amazon’s (AMZN) annual Prime Day sale — the online retail extravaganza that sees site-wide deals and discounts on a myriad of products — kicks off this week from Tuesday, July 16, and lasts until Wednesday, July 17. The two-day event sees major discounting on Amazon-branded products and third-party goods, an optimal time for Amazon customers … Read more
If you’re investing just based on which political party was in the White House, how much could you stand to make over time by putting your money in the S&P 500 (^GSPC)? Julie Hyman examines research from LPL Financial that showcases “it’s policy, not politics” that drive markets and portfolios. LPL Financial chief equity strategist … Read more
Ohio Senator JD Vance (R-Oh.) has joined the Trump campaign as the former president’s vice presidential pick. Veda Partners managing partner and director of economic policy Henrietta Treyz joins Asking for a Trend to discuss the outlook of the 2024 election amid chaos in the Democratic Party and a recent assassination attempt against Donald Trump. … Read more