Article By:
Wajeeh Khan
Wednesday, May 1, 2024 2:27 PM EDT
Jim Cramer seems to have lost conviction in Laxman Narasimhan – the chief executive of Starbucks Corp (SBUX) after a “terrible” quarter the coffee giant reported last night.
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Video By:
Chris Marcus
Wednesday, May 1, 2024 2:06 PM EDT
The central banks have been on a gold buying spree ever since Russia was sanctioned by the US in early 2022. And they just set a new first-quarter record for the amount of gold purchased.
In this video: FXY, UUP
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Article By:
Sweta Killa
Wednesday, May 1, 2024 1:55 PM EDT
Eli Lilly and Company posted mixed first-quarter 2024 earnings, beating earnings estimates but lagging on revenues. Investors seeking to tap the opportune moment could bet on ETFs having the largest exposure to the drugmaker.
In this article: LLY, IHE, IYH, PPH, XLV
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Article By:
Joshua Gibson
Wednesday, May 1, 2024 1:33 PM EDT
After this week's backslide, the Dow Jones Industrial Average (DJIA) is stuck in a rut, dragging the index below 38,000.00 as investors buckle down for another rate call from the US Federal Reserve (Fed).
In this article: JNJ, MMM, NKE Also: DIA
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Article By:
Menzie Chinn
Wednesday, May 1, 2024 1:10 PM EDT
Republicans and lean Republican respondents really, really, really don’t like economic conditions right now, switching “bigly” upon Trump’s election, contributing to an outsize impact on the overall University of Michigan consumer sentiment index.
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Article By:
Tyler Durden
Wednesday, May 1, 2024 1:01 PM EDT
Federal prosecutors are investigating compliance issues at Block, the fintech firm co-founded by Jack Dorsey, according to a new report from NBC, citing "two people with direct knowledge".
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Article By:
ING Economics
Wednesday, May 1, 2024 12:22 PM EDT
Today’s Federal Reserve FOMC meeting is likely to see the Fed adopt more hawkish language than at the March FOMC meeting, but they certainly won’t close the door to potential rate cuts later in the year.
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Article By:
Christian Borjon Valencia
Wednesday, May 1, 2024 12:05 PM EDT
The Pound Sterling is virtually unchanged against the US Dollar following the release of mixed Purchasing Managers Index (PMI) data from S&P Global and the Institute for Supply Management (ISM).
In this article: FXB, UUP
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U.S. recession risk remains low at the moment, based on the newsletter’s primary indicator, which aggregates several business-cycle metrics.
Over the last two weeks, the bullish sentiment index has reversed from extreme greed to fear. The composite net bullish sentiment index, comprised of professional and retail investors, fell from 38.15 to 9.9 in two weeks.
When considering IBM’s stock price forecast 2024, it is essential to focus on the overall trend rather than fixating on specific price targets.
In my prior post from early April, I mentioned that I was closely watching if the OMXIPI and OMXI15, the two main benchmarks for the Icelandic stock market, are in the process of reversing their long-term trends from down to up.
Equilibrium was lost when an earnings-based reflex rebound restored S&P to around the 50-Day Moving Average, and then Tuesday simply worked into a more notable sell-off.
International Paper (IP) manufactures packaging products and cellulose fibers. Over the past year, International’s share price increased about 5.58% from $33.11 to $34.96 as of Tuesday’s market close.
