• Dec 24, 2024

‘Headwinds Turn to Tailwinds’: Barclays Says It’s Time to Pull the Trigger on These IT Service Stocks

Just in this century, we’ve seen a historic shift in the leading edge of the world’s economy, as it moved from a manufacturing/services base to a more digital/information configuration. The shift, which is analogous to the Industrial Revolution, has been uneven, in both its effects and its distribution, and even in the US, where it is arguably the most advanced, it is incomplete and ongoing. But the important point, for us, is that it has opened new opportunities for investors. Those opportuniti

  • Dec 24, 2024

What's Going On With FREYR Battery Stock On Tuesday?

FREYR Battery, Inc. (NYSE:FREY) shares are trading higher on Tuesday. The company closed its acquisition of Trina Solar's 5 GW solar module manufacturing facility in Wilmer, Texas, announced last month. The transaction includes $100 million in cash, a $50 million loan repayment, a $150 million loan note, and 9.9% of FREYR's stock, with a potential additional 11.5% stake through an $80 million convertible note. FREYR also assumed $235 million in facility debt. The Wilmer, Texas, solar module plan

  • Dec 24, 2024

Dollar edges higher as Fed rates view sets direction

NEW YORK (Reuters) -The dollar edged higher on Tuesday in thin holiday trading as the expected slower path of interest rate cuts from the U.S. Federal Reserve compared with other global central banks continued to command market direction. The greenback has jumped more than 7% since the end of September, powered in part by growing expectations the U.S. economy will see accelerated growth under policies from President-elect Donald Trump, while sticky inflation has dampened expectations on how aggressive the Fed will be in reducing interest rates. Those expectations for the U.S. stand in contrast to growth forecasts and the interest rate views for other global economies and central banks, which have led to expanding interest rate differentials.

  • Dec 24, 2024

Investors Aggressively Bought Stocks, ETFs In Volatile Fed Week: Bank Of America Reveals Largest Inflows Since 2017

Despite a week of market chaos sparked by the Federal Reserve's hawkish stance, Bank of America clients leaned into risk, driving massive inflows into equities and exchange traded funds. Data released Tuesday shows that BofA clients poured nearly $10 billion into U.S. assets — the second-largest inflow on record since 2008 and the biggest since January 2017. Jill Carey Hall, a Bank of America analyst, highlighted a streak of seven consecutive weeks of inflows and said that, as in the previous fi

  • Dec 24, 2024

US Listed Chinese Stocks Gain on Stimulus Plans to Counter US Tariff Risks

U.S.-listed Chinese stocks Alibaba Group Holding (NYSE:BABA), JD.com, Inc (NASDAQ:JD), PDD Holdings Inc (NASDAQ:PDD), Baidu, Inc (NASDAQ:BIDU), NIO Inc (NYSE:NIO), Li Auto Inc (NASDAQ:LI), XPeng Inc (NYSE:XPEV) are trading higher Tuesday amid reports indicating China’s stimulus plans to deter potential U.S. tariffs. Chinese e-commerce juggernaut Alibaba is considered the barometer for China’s tech sector. Reuters cites familiar sources as saying Chinese authorities plan to issue 3 trillion yuan