Amazon Stock Could Swing Back Toward Highs
Amazon stock has pulled back to its bullish 50-day moving average
US businesses wary of Trump policy impacts, Fed survey shows
(Reuters) -The U.S. economy ended 2024 with a slight to moderate increase in activity and a tick upward in employment, the Federal Reserve said on Wednesday, but businesses flagged a range of concerns about the potential for policies under President-elect Donald Trump to push prices higher. The findings, which draw on observations from the business and community contacts of each of the Fed's 12 regional banks through Jan. 6, provide a snapshot of the economy before Trump returns to the White House next week. "More contacts were optimistic about the outlook for 2025 than were pessimistic about it, though contacts in several Districts expressed concerns that changes in immigration and tariff policy could negatively affect the economy," the U.S. central bank said in its summary of surveys and interviews from across the country known collectively as the Beige Book.
Alliance, NADA CEOs: California’s EV rules will disrupt market
John Bozzella, who leads the trade group representing major automakers in the U.S., said there’s “not a chance” that the states that follow California’s Advanced Clean Cars II regulations will achieve that benchmark this year.
Trump-fuelled stock market rally sends Wall Street profits to record highs
Wall Street’s biggest banks posted record profits after Donald Trump’s election triumph triggered a US stock market trading frenzy.
Fed Trio Express Confidence Inflation Will Continue to Slow
(Bloomberg) -- A clutch of Federal Reserve officials on Wednesday welcomed fresh data showing a crucial gauge of consumer prices in December rose less than expected, giving them confidence inflation would continue to ebb.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesNYPD Reforms Car Chase Policy Amid Rising Crashes, InjuriesChurches, Cinemas — and
Billionaire Investor Who Predicted The Dot-Com Crash 25 Years Ago Warns Of Another Market Storm Brewing In The US
Howard Marks, the co-founder, and co-chairman of Oaktree Capital Management, who predicted the dot-com bubble 25 years ago has alerted investors about cautionary signs in the market in his latest paper called, “On Bubble Watch”. What Happened: According to Marks, these cautionary signs include the over-optimism in the market, ongoing AI hype, reliance on ‘Magnificent Seven’ stocks, and index investing bias. Don't Miss: According to Juniper Research, the total value of B2B cross-border payments s
Housing inflation pressures ease in encouraging sign for Fed
The latest Consumer Price Index showed that housing inflation pressures continued to moderate in December in an encouraging sign for the Federal Reserve.
CBRE Is This Analyst's Top Pick Betting On Commercial Real Estate Recovery, Upgrades Stock
Morgan Stanley analyst Ronald Kamdem upgraded CBRE Group Inc (NYSE:CBRE) to Overweight from Equal-Weight, raising the price forecast to $160 from $115. The analyst writes the company is well-positioned for double-digit earnings growth due to its market-leading position in both stable, recurring business lines like mortgage servicing, property management, and valuation, which make up about 60% of expected 2025 EBITDA, and higher-margin cyclical business lines like leasing, capital markets, and de
A Netflix Bull Trimmed His Price Target—But the Stock Is Rising Ahead of Earnings
One of Wall Street’s biggest Netflix bulls is less bullish ahead of the streaming giant's earnings next week—but not by much. And it hasn't stopped the stock from rising today.
Germany's Boerse Stuttgart Says Crypto Accounts for 25% of Its Revenue as Trading Volume Triples
The exchange, which now boasts over one million crypto trading clients, has been expanding its cryptocurrency offerings since 2019.