Markets

Asia-Pacific markets fall as Israel-Iran tensions spike; spotlight on oil, gold and bitcoin

[ad_1] Employees work in the trading room inside the Mitsubishi UFJ Trust and Banking head office in Tokyo, Japan, on Tuesday, March 19, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets slipped Monday as traders weighed the impact of Iran’s massive drone and missile attacks on Israel over the weekend, with focus also on …

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Off-price retail is poised to keep taking market share. Why is TJX’s stock stuck?

[ad_1] Off-price is not going off-trend anytime soon. That might not be clear based on recent trading in TJX Companies’ stock. Club holding TJX Companies and rival Ross Stores are well-positioned to keep stealing market share from other retailers, particularly department stores, UBS said in a recent note, keeping a years-long trend in the industry …

Off-price retail is poised to keep taking market share. Why is TJX’s stock stuck? Read More »

JPMorgan sees AI-enabled iPhones creating a 5G-like upgrade cycle. What a boom like that would mean for Apple stock

[ad_1] What will it take to get Apple stock and iPhone sales out of their slumps? Wall Street analysts and the Club see artificial intelligence as a key driver of investor enthusiasm and the next upgrade cycle. JPMorgan said in a note Thursday that an expected AI-enabled iPhone will create strong demand similar to what was …

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Israel says 300 Iranian drones and missiles downed in ‘unprecedented’ overnight attack

[ad_1] Iranians are waving Iranian flags and a Palestinian flag as they celebrate Iran’s IRGC UAV and missile attack against Israel on April 14, 2024. Nurphoto | Nurphoto | Getty Images Iran rained a deluge of drones and missiles on Israel on Saturday night in response to a suspected Israeli strike that killed top Iranian …

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Stock futures are little changed as Wall Street awaits bank earnings: Live updates

[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) on April 10, 2024 in New York City. As new inflation data released today showed a continued rise, stocks fell across the board with the Dow falling over 400 points.  Spencer Platt | Getty Images U.S. stock futures flickered near the flatline …

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Globe Life shares plummet 50% after short-seller accuses company of insurance fraud

[ad_1] In this photo illustration, the Globe Life Insurance logo seen displayed on a smartphone screen. Rafael Henrique| SOPA Images | Lightrocket | Getty Images Shares of Globe Life plunged more than 50% Thursday after Fuzzy Panda Research disclosed a short position in the company, alleging multiple instances of insurance fraud. The short-seller in a …

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Oil prices could spike to $100 if Iran directly attacks Israel, analyst says

[ad_1] The price of global benchmark Brent crude oil could spike to $100 a barrel if Iran directly attacks Israel, a former senior White House energy official said. Bob McNally, founder and president of Rapidan Energy, said global crude markets still have not factored in $10 of geopolitical risk to oil prices even as tensions …

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China’s commercial property segment is seeing some bright spots amid a slump in the wider realty sector

[ad_1] Illuminated skyscrapers stand at the central business district at sunset on November 13, 2023 in Beijing, China. Vcg | Visual China Group | Getty Images BEIJING — China’s commercial property sector is seeing pockets of demand amid an overall real estate slump. The capital city of Beijing is seeing rents for prime retail locations …

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Stock futures slip on Wednesday evening as traders brace for another inflation report: Live updates

[ad_1] Stock futures dipped as Wall Street looked ahead to a second key inflation report. Futures tied to the Dow Jones Industrial Average slid 60 points, or about 0.2%, while S&P 500 futures also lost 0.2%. Nasdaq-100 futures fell 0.14%. Stocks hit selloff mode Wednesday as investors assessed a hot March inflation reading that fueled …

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Consumer prices rose 3.5% from a year ago in March, more than expected

[ad_1] The consumer price index accelerated at a faster-than-expected pace in March, pushing inflation higher and likely dashing hopes that the Federal Reserve will be able to cut interest rates anytime soon. The CPI, a broad measure of goods and services costs across the economy, rose 0.4% for the month, putting the 12-month inflation rate …

Consumer prices rose 3.5% from a year ago in March, more than expected Read More »