Analyst news

• Fed’s Goolsbee: ‘Profoundly encouraging’ June CPI data makes case for rate cuts

  11-07-2024 23:28 via rocketnews.com
  Chicago Fed President Austan Goolsbee on Thursday said the details of the June consumer inflation report helped build his confidence that the price level is going back toward a 2% annual rate of inflation.
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  [mwai_chat context=”Let’s have a discussion about this article:nnChicago Fed President Austan Goolsbee on Thursday said the details of the June consumer inflation report helped build his confidence that the price level is going back
  
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• Bond ETFs rally as investors weigh fresh signs of cooling inflation

  11-07-2024 23:02 via rocketnews.com
  Shares of exchange-traded funds that invest in bonds were rising Thursday, as investors parsed details from a fresh report on U.S. inflation that indicated more signs of cooling.
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  [mwai_chat context=”Let’s have a discussion about this article:nnShares of exchange-traded funds that invest in bonds were rising Thursday, as investors parsed details from a fresh report on U.S. inflation that indicated more signs of cooling.nnDiscussion:nn&
  
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• Why slowing inflation could power bitcoin toward a record high

  11-07-2024 22:46 via rocketnews.com
  The consumer-price index data released on Thursday, which showed a slowing pace of inflation in the U.S., could provide an ideal setup for a turnaround for bitcoin after the crypto’s lackluster recent performance.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe consumer-price index data released on Thursday, which showed a slowing pace of inflation in the U.S., could provide an ideal setup for a turnaround f
  
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• Tesla’s stock falls on reported robotaxi delay, while Uber and Lyft shares rise

  11-07-2024 22:32 via rocketnews.com
  Tesla Inc.’s stock fell more than 8% on Thursday after a report said the electric-vehicle maker will delay its closely watched robotaxi debut by two months in order to build more prototypes.
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  [mwai_chat context=”Let’s have a discussion about this article:nnTesla Inc.’s stock fell more than 8% on Thursday after a report said the electric-vehicle maker will delay its closely watched robotaxi debut by two months in order to bu
  
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• Is a stock-market rotation under way? Small caps surge as Magnificent Seven are punished after cool CPI reading.

  11-07-2024 22:13 via rocketnews.com
  For investors, the question is whether Thursday’s rotation marks the start of a broadening out of a rally that’s taken the S&P 500 and Nasdaq Composite to a series of records in 2024.
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  [mwai_chat context=”Let’s have a discussion about this article:nnFor investors, the question is whether Thursday’s rotation marks the start of a broadening out of a rally that’s taken the S&P 500 and Nasdaq Composite to a
  
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• Fight for your right: Beastie Boys sue Chili’s for using song ‘Sabotage’ in ad without permission

  11-07-2024 20:54 via rocketnews.com
  The seminal rap group said it has never allowed its music to be used in product advertising and asked a judge to block the use of its hit song in an online ad campaign.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe seminal rap group said it has never allowed its music to be used in product advertising and asked a judge to block the use of its hit song in an online ad campaign.nnDiscussion:nn” ai_name=&rdqu
  
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• Is a stock-market rotation under way? Small-caps surge as Magnificent Seven gets punished after cool CPI reading.

  11-07-2024 20:53 via rocketnews.com
  For investors, the question is whether Thursday’s rotation marks the start of a broadening out of a rally that’s taken the S&P 500 and Nasdaq Composite to a series of records in 2024.
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nnFor investors, the question is whether Thursday’s rotation marks the start of a broadening out of a rally that’s taken the S&P 500 and Nasdaq Composite to a
  
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• Fed’s Musalem wants more proof inflation is slowing before backing interest-rate cuts

  11-07-2024 20:38 via rocketnews.com
  The first decline in consumer prices in four years is encouraging, but St. Louis Federal Reserve Bank President Alberto Musalem wants to see more evidence inflation is slowing before he will back a reduction in interest rates.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe first decline in consumer prices in four years is encouraging, but St. Louis Federal Reserve Bank President Alberto Musalem wants to see more
  
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• Costco shares have reversed lower after their membership-fee rally. That’s actually normal, analysts say.

  11-07-2024 20:12 via rocketnews.com
  When Costco Wholesale Corp. announced a membership-fee increase for its shoppers late Wednesday, investors who had been eager for such a move cheered the news. Yet on Thursday, the stock fell.
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  [mwai_chat context=”Let’s have a discussion about this article:nnWhen Costco Wholesale Corp. announced a membership-fee increase for its shoppers late Wednesday, investors who had been eager for such a move cheered the news. Yet on Thursday, the
  
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• Home builders, flooring companies and pool maker stocks rally as CPI data boosts rate-cut hopes

  11-07-2024 17:56 via rocketnews.com
  The stocks of home builders were rallying across the board on Thursday, after government data showed consumer prices falling for the first time in more than four years, boosting hopes the Federal Reserve may soon start to lower interest rates.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe stocks of home builders were rallying across the board on Thursday, after government data showed consumer prices falling for
  
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• Conagra’s stock drops after sales miss as frozen, refrigerated food prices fall

  11-07-2024 14:53 via rocketnews.com
  Conagra Brands’ stock slumped Thursday, after the parent of food brands including Healthy Choice, Boomchickapop, Duncan Hines and Birds Eye reported quarterly revenue that fell short of forecasts and provided a downbeat profit outlook.
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  [mwai_chat context=”Let’s have a discussion about this article:nnConagra Brands’ stock slumped Thursday, after the parent of food brands including Healthy Choice, Boomchickapop, Duncan Hines
  
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• Vista Outdoor again urges shareholders to vote for sale of ammunition business to CSG

  11-07-2024 14:06 via rocketnews.com
  Vista Outdoor Inc. on Thursday urged shareholders to vote in favor of its proposal to sell its Kinetic Group ammunition business to the Czechoslovak Group, a Czech conglomerate, at a coming special meeting.
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  [mwai_chat context=”Let’s have a discussion about this article:nnVista Outdoor Inc. on Thursday urged shareholders to vote in favor of its proposal to sell its Kinetic Group ammunition business to the Czechoslovak Group, a Czech co
  
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• Roaring Kitty, rumors, and ‘tin foil hat conspiracy theorists’: What’s next for meme stocks?

  11-07-2024 14:05 via rocketnews.com
  The last few months have seen a resurgence of interest in meme stocks, boosted by the surprise return of influential trader Keith Gill, also known as Roaring Kitty, to social media.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe last few months have seen a resurgence of interest in meme stocks, boosted by the surprise return of influential trader Keith Gill, also known as Roaring Kitty, to social media.nnDiscussi
  
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• Pound Bathes in Applause. Forecast as of 11.07.2024

  11-07-2024 12:49 via litefinance.org
  
  The UK does not experience political turbulence as France and the US, allowing the pound to soar to its 2-year high against the euro and a yearly high against the greenback. Let's discuss this topic and make a trading plan for the GBPUSD.Highlights and key points The Labour Party will stabilize the UK economy. Money will flow into the country after the scandalous Conservative government. The Bank of England is unlikely to cut the repo rate in August. These factors may push the GBPUSD to 1.305.We
  
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• Qtum Price Forecast & Predictions for 2024, 2025-2026 and Beyond

  11-07-2024 12:13 via litefinance.org
  
  Qtum is a hybrid blockchain system designed to handle business applications developed for different business domains. Qtum merges the reliability of Bitcoin's unfailing blockchain with the adaptability of Ethereum's smart contract capabilities. It's a hybrid platform, designed for real-world, business-oriented applications. Its unique proposition lies in its ability to execute smart contracts on a secure and stable blockchain, making it a compelling choice for developers and investors alike. As
  
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• 7-Eleven owner posts profit drop on weak North American earnings

  11-07-2024 11:06 via rocketnews.com
  Seven & i Holdings reported a drop in first-quarter net profit as its overseas convenience-store business deteriorated sharply, partly due to higher costs of products and labor in the U.S.
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  [mwai_chat context=”Let’s have a discussion about this article:nnSeven & i Holdings reported a drop in first-quarter net profit as its overseas convenience-store business deteriorated sharply, partly due to higher costs of products and labor
  
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• Biden officials tout grants to retool factories for EVs, including in swing states

  11-07-2024 11:00 via rocketnews.com
  The Biden administration has announced $1.7 billion in grants that aim to help convert closed or at-risk automobile facilities into plants that make electric vehicles or EV parts, with the effort due to aid 11 factories across eight states.
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  [mwai_chat context=”Let’s have a discussion about this article:nnThe Biden administration has announced $1.7 billion in grants that aim to help convert closed or at-risk automobile facilities into
  
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• Short-term Analysis for Oil, Gold, and EURUSD for 11.07.2024

  11-07-2024 10:53 via litefinance.org
  
  I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.The euro is growing and preparing to reach above the July 8 high.Highlights and key pointsUSCrude: Oil has returned to the support (A) 81.19 - 80.92. Consider long trades with the targets at 82.42 and 83.92. XAUUSD: Gold is rising and intends to test the July
  
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• Fed Needs Greater Confidence to Cut Rates. Forecast as of 11.07.2024

  11-07-2024 08:31 via litefinance.org
  
  One report on US consumer prices for June may be enough for the Fed to start mulling over lowering the federal funds rate in September. Let's discuss this topic and make a trading plan for EURUSD.Highlights and key points The Fed needs a slowdown in CPI to be confident in a rate cut. The Fed's outlook has changed. Inflation data may accelerate the EURUSD rally. The slowdown in US CPI may propel the opening of more long trades on the EURUSD.Daily US dollar fundamental forecastAfter the FOMC meeti
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 11.07.2024

  11-07-2024 08:23 via litefinance.org
  
  Dear readers,I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis.Key takeaways BTCUSD: A descending wave Z is expected to reach 53,490.60. Consider selling from the current level with Take Profit at 53,490.60. XRPUSD: The bears may push the market to 0.348. Consider selling from the current level with Take Profit at 0.348. ETHUSD: The pair is in the first part of a bearish impulse (C). Consider selling with Take Profit at 2,806.27.El
  
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• Regulators say Citigroup still doesn’t totally have its house in order

  11-07-2024 00:50 via rocketnews.com
  Government regulators on Wednesday hit Citigroup Inc. with $135.6 million in fines, saying the bank had run afoul of a 2020 order telling the company to tighten up its standards for managing risk and data quality.
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  [mwai_chat context=”Let’s have a discussion about this article:nnGovernment regulators on Wednesday hit Citigroup Inc. with $135.6 million in fines, saying the bank had run afoul of a 2020 order telling the company to tighte
  
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