• The Dow Transports are lagging. Here’s how that impacts stocks and the economy.

    As the other major U.S. stock-market averages have soared to new all-time highs, the Dow Jones Transportation Average DJThas struggled.The index as of March 4 was more than 6% below the all-time high it made back in November 2021 — 28 months ago. Over the past year, the Dow Transports has lagged the broader Dow Jones Industrial Average DJIAby more than 12 percentage points. The reason this has many investors worried is the belief that the transportation sector is a leading indicator of U.S
  • Nordstrom shares fall on disappointing forecast

    Shares of Nordstrom Inc. fell after hours on Tuesday after the department-store chain’s full-year forecast disappointed investors.The company said it expected full-year same-store sales within a range of down 1% to up 2%, compared with FactSet forecasts for a 1.4% gain.Nordstrom shares JWN, +1.55%fell 9.2%. Management, during the company’s earnings call, said consumers were still cautious as they deal with inflation, higher interest rates and the return of student-loan payments.For i
  • ‘Magnificent Seven’ shed $233 billion in market cap, dragging down the stock market

    It has been a not-so magnificent Tuesday.The “Magnificent Seven” group of technology companies that have helped underpin the stock-market rally for months shed a combined $233 billion in market capitalization on Tuesday, fueling a rout in U.S. equities.Apple Inc. AAPL, -2.84%shares lost 2.8% on Tuesday, while Amazon.com Inc. AMZN, -1.95%declined almost 2%. Shares of Microsoft Corp. MSFT, -2.96%fell 3%, while those of Google parent Alphabet Inc. GOOG, -0.31% GOOGL, -0.51%,Meta Platfor
  • Ross Stores says that housing and food costs continue to pressure its customers

    Ross Stores Inc. late Tuesday blew past expectations for its holiday quarter but spooked investors by saying that higher costs of living continue to pressure its customers. While inflation has moderated, there is ongoing macroeconomic and geopolitical uncertainty, and “housing, food, and gasoline costs remain elevated and continue to pressure our low- to moderate-income customers’ discretionary spend,” the off-price retailer said.“As a result, while we hope to do better,
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  • Airship AI’s stock soars 200% upon DOJ contract, as shares of other AI plays slip

    The technology sector moved lower Tuesday, taking with it a host of hot stocks that had been riding Wall Street’s enthusiasm for the artificial-intelligence revolution.But one small name stood out in a big way in a sea of mostly red: Shares of Airship AI Holdings Inc. AISP, +200.00%rocketed 200%, after the sensor and data-management company said it received a contract with the U.S. Department of Justice.The Redmond, Wash.-based company uses AI to help law-enforcement, defense, and public-s
  • As bitcoin hits record high, only two Congress members have bought crypto since 2021

    The price of bitcoin traded at a record high of more than $69,000 on Tuesday, but one demographic that’s not cashing in on the historic crypto bull market are lawmakers in Washington, D.C.Just two sitting members of Congress reported purchasing cryptocurrencies during 2022 and 2023, according to an analysis by 2IQ Research’s Capitol Trades, which tracks lawmakers’ investment transactions based on financial-disclosure reports. That’s down from seven lawmakers in 2021. Read
  • CrowdStrike’s stock soars as earnings impress in face of cybersecurity jitters

    CrowdStrike Holdings Inc. shares were exploding 16% higher in Tuesday’s extended session after the cybersecurity company delivered an upbeat forecast on top of its better-than-expected quarterly results.For the fiscal first quarter, CrowdStrike CRWD, -5.18%models $902.2 million to $905.8 million in total revenue, along with 89 cents to 90 cents in adjusted earnings per share. Analysts tracked by FactSet were looking for $900 million and 82 cents, respectively.Looking to the full fiscal yea
  • Dow Jones ends down over 400 points and Nasdaq suffers worst day in 3 weeks as Apple shares slump

    U.S. stocks tumbled for a second day on Tuesday as technology shares came under pressure, dragged down by Apple’s continued slump, while investors remained cautious ahead of closely watched remarks by Federal Reserve Chair Jerome Powell and labor-market data, both of which should offer more clues on the central bank’s interest-rate path and the health of the economy.How stocks traded The S&P 500 SPXwas off 52.30 points, or 1%, to end at 5,078.65. The Dow Jones Industrial Average
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  • Bitcoin surges to record high, then suffers sharp retreat

    Bitcoin surged into record territory Tuesday, but didn’t stay there for long. The No.1 crypto BTCUSD, +0.18%traded 8.2% lower Tuesday afternoon to around $62,175, retreating from a record high at $69,208.79 reached earlier in the day, according to Dow Jones Market Data. Other major cryptos also fell Tuesday afternoon, with ether ETHUSD, -0.30%down 4.6% to around $3,410, according to Dow Jones Market Data. Binance Coin dropped 8.8%, Solana SOLUSD, +0.77%declined 7.3% and XRP XRPUSD, +0.21%s
  • Assumable mortgages are easier to find in these cities — but the lower-rate home loans come with strings attached

    Assumable mortgages, or home loans that pass on their mortgage rate from a home seller to a buyer, are considered an attractive option these days: They effectively allow buyers to inherit a far lower interest rate at a time when mortgage rates are higher than 7%. And while these loans are relatively hard to find overall, prospective home buyers are most likely to find them in real-estate markets where there is a substantial military presence, according to a new report.The report, from Realtor.co
  • While the tech rally loses stream, this stock-market breadth indicator is at its strongest level in nearly 3 years

    A handful of megacap technology names were responsible for most of the S&P 500’s gains over the past year — but that has started to change in 2024, according to Bespoke Investment Group.  While the so-called Magnificent Seven stocks — a group of top-performing tech companies that includes chip maker Nvidia Corp. NVDA, -0.21%— have continued to lead the S&P 500’s SPXrally since the start of 2024, data indicate the rest of the market has begun to catch up
  • TikTok faces fresh threat of U.S. ban under new House bill

    TikTok could be banned in the U.S. if China’s ByteDance does not divest it, under proposed legislation unveiled Tuesday. It’s the latest effort by congressional lawmakers to target the popular short-video app. The measure is being introduced by Rep. Mike Gallagher, the Wisconsin Republican who leads the House Select Committee on the Chinese Communist Party, and the panel’s top Democrat, Rep. Raja Krishnamoorthi of Illinois. It is co-sponsored by a bipartisan group of more than
  • Gold scores another record finish. Here’s who isn’t buying.

    Gold futures extended their rally on Tuesday and marked a third consecutive session at a record settlement, but don’t call it a gold rush, one analyst said. Weak U.S. economic data lifted expectations that the Federal Reserve will cut interest rates later this year and contributed to declines in the U.S. dollar and Treasury yields, raising safe-haven investment interest in the precious metal. Gold’s latest run to new record highs, however, has come on a “jump in speculative bet
  • Dow Jones tumbles over 350 points; Nasdaq down 1.9% as Apple shares slump

    U.S. stocks were moving lower on Tuesday afternoon as technology shares came under pressure, dragged down by Apple’s continued slump, while investors remained cautious ahead of closely watched remarks by Federal Reserve Chair Jerome Powell and labor-market data, which should offer more clues on the central bank’s interest-rate path and the health of the economy. How stocks are trading The S&P 500 SPXwas down 52 points, or 1%, to 5,078. The Dow Jones Industrial Average DJIAwas fal
  • Stocks with strongest demand for bullish options keep outperforming the S&P 500

    Surging demand for options contracts has accompanied a rally for stocks this year as both professional and retail traders have piled into bullish bets on individual stocks at the fastest pace since the meme-stock craze, according to data from Cboe Global Markets.To illustrate the relationship between heavy call buying and stock-market returns, a team of equity strategists at Citigroup found that a group of 50 companies with the heaviest demand for bullish options has outperformed the S&P 500
  • Post-Silicon Valley Bank, regulators are still not aggressive enough to prevent bank collapses

    Banking regulators could prevent further bank collapses by being more aggressive with tools they already have for both big and small banks, a panel of banking experts said Tuesday. PNC Financial Services Holdings Inc. PNC, +1.25%Chief Executive William Demchak said the primary lesson of the demise of Silicon Valley Bank that caused it and two other S&P 500 SPXcomponents to collapse last year is that “regulation is uneven” between big and small banks.The unrealized losses on Silic
  • Jason and Travis Kelce’s ‘New Heights’ podcast could be in line for $100 million deal, expert says

    Pro Bowl offensive lineman Jason Kelce retired from the NFL on Monday after 13 seasons with the Philadelphia Eagles, but he will continue his burgeoning career as a podcaster. Jason and his brother Travis Kelce’s “New Heights” podcast, which launched in September 2022, has routinely appeared at No. 1 on various podcast charts on Apple AAPL, -2.83%and Spotify SPOT, -2.20%,and is reportedly being shopped around to media brands, according to a report last week from Bloomberg News.
  • Oil prices heading for back-to-back losses as traders weigh demand prospects

    Oil futures looked to post back-to-back declines on Tuesday, as investors weighed prospects for energy demand after China’s leadership outlined its economic plans.Price moves West Texas Intermediate crude CL00, -0.71%for April delivery fell 68 cents, or 0.9%, at $78.06 a barrel on the New York Mercantile Exchange after losing 1.5% on Monday. May Brent crude BRN00, +0.01% BRNK24, +0.01%,the global benchmark, was down 67 cents, or 0.8%, at $82.13 a barrel on ICE Futures Europe following a 0.
  • Nervous about the U.S. market at all-time highs? Buy China stocks.

    Wary of U.S. stocks because you think the valuations look rich? China stocks are a solution. If you’re reluctant to buy, given all the negative headlines about China, counterintuitively that’s part of the reason to buy. Sentiment towards Chinese stocks is so negative, it’s a decent contrarian indicator telling us this is the time to get exposure.  Valuations support the case. The FTSE China A50 Index XX:XIN9X000and China’s CSI 300 Index XX:000300are trading at d
  • Apple’s stock is in a ‘funk.’ Could Warren Buffett be selling more shares?

    Apple Inc.’s stock is having its fifth down day in a row, and it’s off almost 12% to start 2024 during a period when the broader market continues to roar higher.In other words, the shares are “at a crossroads,” according to Rosenblatt Securities analyst Barton Crockett. Apple AAPL, -2.83%is dealing with all sorts of challenges, including regulatory pressures, anemic revenue trends and a dearth of mainstream new products. See also: EU’s record Apple antitrust fi
  • (ZIL) Zilliqa Price Predictions for 2024, 2025-2026 and Beyond

    (ZIL) Zilliqa Price Predictions for 2024, 2025-2026 and Beyond
    The volatile cryptocurrency trading world is filled with risks and rewards. For traders interested in Zilliqa (ZIL), a key question is: does this crypto asset have a bright future? Based on current analysis, the answer is a cautious yes.While Zilliqa has seen significant price swings since its launch in 2017, its long-term growth prospects remain promising. The blockchain platform is gaining increasing adoption, especially among decentralized apps and fintech companies. With solid technology and
  • S&P 500 futures dip ahead of Fed testimony, jobs report later in week

    U.S. stock-index futures fell early Tuesday as investors take a breather before a rush of closely-watched speeches and data later in the weekwhich may serve up the next set of market catalysts. How are stock-index futures trading S&P 500 futures ES00, -0.40%dipped 15 points, or 0.3%, to 5122 Dow Jones Industrial Average futures YM00, -0.35%fell 97 points, or 0.2%, to 38925 Nasdaq 100 futures NQ00, -0.65%eased 95 points, or 0.5%, to 18166On Monday, the Dow Jones Industrial Average DJIAfell 98
  • The ‘nuclear renaissance’ is upon us. What investors need to know about uranium.

    The market for uranium has calmed a bit after seeing prices for the commodity more than quadruple since the start of 2020, but bullish analysts say the nuclear industry continues to “build momentum,” and uranium production will fail to meet demand. The “nuclear renaissance” comes at a time when it’s become easier than ever to gain exposure to the nuclear sector and as investment options are set to grow, said Jeremie Peloso, editor and strategist at BCA Research.Week
  • Tesla’s Berlin factory halted as extremist group claims responsibility for power outage

    Production at Tesla’s Berlin factory was halted due to a power outage, German media reported Tuesday. The halt was due to a fire, suspected of being arson, in an area near the factory, Berliner Zeitung reported. Deutsche Welle later reported that left-wing extremists called the Volcano Group claimed responsibility, citing the damage from “killer cars and monster trucks.”Tesla’s factory has not been damaged, the police said. Recently, environmental activists have been prot
  • Target’s stock surges as lower markdowns and shrink costs fueled big profit beat

    Shares of Target Corp. shot up toward an 11-month high Tuesday, after the discount retailer reported fiscal fourth-quarter profit that was well above expectations, as lower markdowns and lower shrink costs boosted margins. The company said maintaining “appropriate inventory levels” helped increase profitability, as it resulted in lower markdown rates, stronger in-stock measures and reduced inventory-related costs.The stock TGT, -3.09%surged 8.5% in premarket trading, which puts it on
  • Amer Sports’ stock falls 6% on wider-than-expected Q4 loss

    Shares of Amer Sports Inc. fell 6% in premarket trades Tuesday after the Finnish sportswear company reported its first quarterly results since its February IPO. The company, which includes the Arc’teryx, Salomon and Wilson brands, reported better-than-expected fourth-quarter revenue, boosted by China, and a wider-than-expected loss. Amer Sports AS, -1.81%reported a fourth-quarter net loss of $94 million, or a loss of 25 cents a share, compared with a loss of $148 million, or a loss of
  • How Morgan Stanley’s bearish strategist may be right for the wrong reason

    Surely everyone’s contrarian impulses were triggered by the sight of the guy nicknamed Dr. Doom saying the biggest risk to markets is that the economy does too well, and given the S&P 500 SPXdid end lower (barely) on Monday, maybe a few people shared that thought.Kevin Muir, the former trader turned blogger, has a piece breaking down the current bear and bull market advocates. The bulls, represented by Jefferies strategist David Zervos, argue the Fed put is back in markets, on the poss
  • Novo Nordisk says Ozempic reduced risk of kidney problems by 24% in patients with Type 2 diabetes

    Novo Nordisk A.S. said Tuesday a five-year trial of its Ozempic weight-loss drug helped reduce the risk of kidney disease-related events in people with Type 2 diabetes by 24%. The Danish company disclosed the results of the trial called Flow after it was halted on the recommendation of an independent monitoring committee on Oct. 10, 2023, after showing successful results.The trial compared injectable semaglutide, which the company markets as Ozempic, with placebo to evaluate its efficacy in trea
  • New York Community Bancorp may attract buyers for mortgage-servicing rights, says KBW

    New York Community Bancorp may be able to raise capital to strengthen its balance sheet and cover potential loan losses by selling mortgage-servicing rights, analysts at KBW said on Tuesday. With it stock price tumbling and a portfolio of office properties and multifamily loans under stress, New York Community Bancorp NYCB, -23.10%potentially needs to raise more capital to meet regulatory balance sheet requirements for banks with $100 billion or more of assets.KBW analysts Christopher McGratty,
  • MicroStrategy’s stock pulls back after plan to offer debt to buy more bitcoin

    Shares of MicroStrategy Inc. fell Tuesday, as the business-analytics software company and bitcoin play’s plan to offer convertible debt gave investors a reason to take a breather following the stock’s recent sprint to a 24-year high. Also weighing on MicroStrategy’s stock MSTR, +23.59%was a 0.7% decline in bitcoin BTCUSD, -0.00%in early-morning trading Tuesday, following a 34% run-up over the previous six sessions to close just shy of its record.MicroStrategy said late Monday t
  • Regulators are slashing credit-card late fees. When will customers see the charges shrink?

    Federal regulators are slashing credit card late payment fees. The Consumer Financial Protection Bureau finalized a rule on Tuesday that caps credit-card late fees at $8, a fraction of what most issuers typically charge.  The rule is part of a broader campaign within the Biden administration taking aim at so-called junk fees. It’s been sharply criticized by card issuers and lobbyists, who say fees that low don’t cover the cost of customers falling behind and won’t do enoug
  • (BCH) Bitcoin Cash Price Prediction for 2024, 2025-2026, and Beyond

    (BCH) Bitcoin Cash Price Prediction for 2024, 2025-2026, and Beyond
    Bitcoin Cash, a prominent player in the cryptocurrency market, originated in mid-2017 as a hard fork from Bitcoin to address transaction speed and scalability issues. While some analysts are cautiously optimistic about Bitcoin Cash's future performance, others point to the uncertain regulatory and economic landscape as factors that could significantly impact its trajectory.As we delve deeper into the world of Bitcoin Cash and its prospects, it's crucial to remember the speculative nature of this
  • Chinese smartphone sales fall, customers unimpressed by Apple’s new iPhone model

    Chinese smartphone sales were down 7% in the first six weeks of 2024 compared with the same period last year, as customers showed a lack of interest in Apple’s newly launched iPhone 15 and instead turned towards devices made by Chinese manufacturer Huawei, new figures from Counterpoint Research showed. Shares in Apple AAPL, -2.54%fell 3% on Tuesday after a rise of 14% over the previous 12 months. Apple’s smartphone unit sales fell 24% in the first six weeks of 2024, as Chinese custom
  • Tesla’s Berlin factory halted due to power outage

    Production at Tesla’s Berlin factory was halted due to a power outage, German media reported Tuesday. The halt was due to a fire, suspected of being arson, in an area near the factory, Berliner Zeitung reported.Recently, environmental activists have been protesting in a state forest near the Tesla factory, which the automaker wants to clear to expand the site, the report said.Tesla shares TSLA, -7.16%fell 3% in premarket trade. The automaker’s stock has dived by 24% this year.
    Articl
  • 10 top used sedan models you can get for under $30,000

    The sedan segment has been “dying” for more than a decade now, and while it has certainly lost some ground to SUVs, the sedans that remain are among the best cars that have ever been made — sedan, SUV, or otherwise. If you’re shopping for a lightly used sedan with great tech and features on a $30,000 budget, you may well be living in the Golden Era. Here are 10 of the best used sedans you’ll find for less than $30,000. 1. 2021 Honda Accord Hybrid The 2021 Honda Acco
  • The new 2024 McLaren 750S: What’s under the hood, and how fast does it go?

    McLaren invited us to the Nevada desert to show off its latest supercar. This is the 750S, and it’s arrived to replace the 720S. That’s a tall order to fill. So, we will push it on the road and the track to see what it’s all about. Let’s run through the stats so you know what we’re dealing with here. What’s under the hood of the 2024 McLaren 750S? A twin-turbocharged 4.0-liter V8 engine sits behind the passenger compartment. This mid-mounted mill pairs with a
  • It could be years before real-estate agents lower their fees, if ever. For now, here are 2 ways to save when selling a home.

    This article is reprinted by permission from NextAvenue.org. When I used to work and was quite busy, I would read The Wall Street Journal every day and listen to NPR on my daily commute. I used to think I was fairly well-informed. Now that I’m retired and my time is virtually unlimited, I can’t be bothered to keep up on the news.Therefore I was completely surprised when I read in Fortune that on Oct. 31, 2023, the National Association of Realtors (NAR) l
  • Biden announces strike force to fight ‘corporate rip-offs’

    The Biden administration announced Tuesday the creation of a new “strike force” that will facilitate interagency efforts to combat unfair and illegal pricing schemes, a move that doubles down on recent criticism of grocery stores and other retailers for deceptively raising prices on everyday products.The strike force will be led by the Department of Justice and the Federal Trade Commission, two regulators tasked with enforcing laws against unfair, deceptive or fraudulent business pra
  • Kiwi: no more illusions. Forecast as of 05.03.2024

    Kiwi: no more illusions. Forecast as of 05.03.2024
    The belief that the Reserve Bank of New Zealand could tighten monetary policy on an exceptional basis strengthened NZDUSD bulls. But things didn’t turn out the way they wanted. Let's discuss this topic and make up a trading plan.Monthly New Zealand dollar fundamental forecastWhen you know how to buy on rumors and sell on facts, your chances of winning the jackpot increase dramatically. Before the February RBNZ meeting, there was a lot of talk about increasing the cash rate. Although 2
  • S&P 500 futures dip as traders wary of rally exhaustion and Apple eyes 4-month low

    U.S. stock-index futures fell early Tuesday with Apple shares leading big tech lower after report of slowing China iPhone sales.How are stock-index futures trading S&P 500 futures ES00, -0.30%dipped 14 points, or 0.3%, to 5124 Dow Jones Industrial Average futures YM00, -0.13%fell 62 points, or 0.2%, to 38960 Nasdaq 100 futures NQ00, -0.69%eased 112 points, or 0.6%, to 18150On Monday, the Dow Jones Industrial Average DJIAfell 98 points, or 0.25%, to 38990, the S&P 500 SPXdeclined 6 points
  • EUR to INR Forecast for 2024, 2025-2026 and Beyond

    EUR to INR Forecast for 2024, 2025-2026 and Beyond
    Delving into the intricate world of currency exchange, the EUR to INR forecast for 2024, extending to 2025-2026 and beyond, presents a fascinating study. This period is marked by a dynamic interplay of economic forces, geopolitical shifts, and market trends, all of which contribute to the fluid nature of the Euro to Indian Rupee exchange rate. With the global economy constantly evolving, the question arises, “Are EUR to INR prices expected to go up or down?” This forecast aims t
  • (DKNG) Draftkings stock Forecast for 2024, 2025-2026 and Beyond

    (DKNG) Draftkings stock Forecast for 2024, 2025-2026 and Beyond
    In the ever-evolving landscape of online sports betting and gaming, Draftkings Inc. (DKNG) stands out as a prominent player with its innovative platform that allows users to engage in sports betting, and iGaming.Since it first appeared publicly, Draftkings has experienced ups and downs in the stock market, attracting the interest of investors and those who watch the market. With its aggressive expansion and strategic partnerships, the company continually seeks to redefine the digital sports ente
  • (TRX) Tron Price Prediction for 2024, 2025-2026, and Beyond

    (TRX) Tron Price Prediction for 2024, 2025-2026, and Beyond
    Delve into the world of Tron (TRX) with our insightful forecast, guiding you through its potential stability and market movements. Through our analysis, investors will learn about TRX's future from expert opinions and key price indicators that aim to demystify Tron's financial journey.Investors and traders pondering "Are (TRX) Tron prices expected to go up or down?" may find solace in the forecast's implication of steadiness. Whether you're a budding enthusiast or a seasoned trader, this article
  • Dollar will bring Democrats down a peg. Forecast as of 05.03.2024

    Dollar will bring Democrats down a peg. Forecast as of 05.03.2024
    Democrats urge the Fed to cut rates immediately. Republicans believe that will help the party in power in elections. How should the EURUSD move in this situation? Let’s discuss it and make a trading plan.Weekly fundamental forecast for dollarThe EURUSD is drifting ahead of important events while Jerome Powell prepares to fight back against Democrats, who demand an immediate fed funds rate cut, and while Donald Trump wins in court, stepping closer to the presidency. Bulls' attempt to break
  • Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 05.03.2024

    Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 05.03.2024
    I welcome my readers!I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.Elliott wave Bitcoin analysisBitcoin forms the initial part of the bullish impulse. After the end of two sub-waves [1]-[2], the development of the third sub-wave began. Sub-wave (1) has been completed as a standard impulse within sub-wave [3]. Thus, expect the development of a bearish correction (2) short
  • ‘Death and money bring out the worst in people’: My stepmother wants me to relinquish my rights to my late father’s estate. How do I handle this gracefully?

    Dear Quentin,My dad and his second wife moved to Texas for their golden years.  Unfortunately, he died unexpectedly last September. He had been battling a terminal disease. He was immunocompromised, and a double whammy of pneumonia and COVID-19 was just too much. My stepmother said if I claimed a share of their house, I would be responsible for half the utilities, property taxes and general upkeep. Here is where it gets complicated: My dad did not have a will. I know I have some right
  • Stitch Fix and ThredUp shares fall, as both companies navigate ambitious transitions

    With clothing demand still muted, online styling service Stitch Fix Inc. on Monday said it was trying to become a more “fun” destination for customers, while online second-hand shop ThredUp Inc. has been trying to make a bigger push into consignment sales.But both companies said those ambitions would take time to realize, and their forecasts for the months ahead disappointed investors, in one way or another.In the process, Stitch Fix shares SFIX, +2.18%tumbled 14.7% after hours on Mo

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