Tech leads rebound in world stocks despite surging yields
By Medha Singh March 23 (Reuters) – Battered technology and growth shares have shrugged off rising bond yields to drive a rebound in world stocks as some investors view them as a hedge to inflation against the backdrop of supply-chain snarls and an intensifying war in Ukraine. The NYSE FANG+TM index (.NYFANG), which includes the five core […]
These are the best tech stocks in an ‘inflationary world,’ according to Baird
PUBLISHED MON, MAR 21 20224:45 PM EDT Samantha Subin@SAMANTHA_SUBIN In this article AAPL+0.02 (+0.01%) INTC+0.03 (+0.06%) NVDA+0.06 (+0.02%) EAUNCH AMZN+3.86 (+0.12%) GOOGL+1.97 (+0.07%) Google app is seen on a smartphone in this illustration. Dado Ruvic | Reuters As the Federal Reserve starts hiking rates to combat rising inflation, Baird says investors may want to consider owning these technology stocks that […]
Pressed to choose sides on Ukraine, China trade favours the West
WASHINGTON: US President Joe Biden’s warning of “consequences” for any aid China may give to Russia’s Ukraine war effort could force Chinese President Xi Jinping to choose between a longstanding lucrative trade relationship with the West and a growing strategic partnership with Moscow. Based on trade flows alone, Beijing has a lot at stake following […]
China stocks leap after State Council pledges support for economy, capital markets
Reuters SHANGHAI, March 16 (Reuters) – Hong Kong stocks jumped 9% on Wednesday to mark their best day since 2008, after China’s top policymaker assured markets of stability and support and helped put a floor under sectors hurt by a regulatory crackdown. Vice Premier Liu He said Beijing would roll out support for the Chinese […]
U.S. Factory Output Exceeds Forecast, Rises Most in Four Months
Thursday, March 17, 2022 06:49 AM By Vince Golle and Olivia Rockeman February’s 1.2% jump reflected broad gains across industries Capacity at manufacturers climbed to 78%, highest since 2018 (Bloomberg) — Production at U.S. factories rose in February by the most in four months, indicating firmer momentum in a manufacturing sector still challenged by supply constraints and higher […]
JPMorgan’s Kolanovic Says Market Bubble Corrections Almost Done
Thursday, March 17, 2022 09:31 AM By Cristin Flanagan (Bloomberg) –The rout in tech, biotechnology and emerging markets stocks may be nearly over and it’s time for investors to start adding to beaten-down, high-beta positions, according to JPMorgan Chase & Co. strategist Marko Kolanovic. “While the commodity supercycle will persist,” the strategist writes, “the correction in bubble […]
Apple IPhone’s Average-Sales Price Above Expectations, Loop Says
Friday, March 18, 2022 04:55 AM By Ryan Vlastelica (Bloomberg) — Apple could benefit as average selling prices (ASPs) for the iPhone are tracking above consensus expectations, according to Loop Capital Markets. “Overall iPhone ASPs appears positioned to grow stronger than Street estimates” in 2022, even with the introduction of the lower-price iPhone SE, writes analyst John […]
Fed Lifts Rates a Quarter Point in Opening Bid to Curb Inflation
Wednesday, March 16, 2022 12:06 PM By Olivia Rockeman Borrowing costs seen rising at each remaining meeting in 2022 Powell says economy ‘very strong,’ can handle higher rates (Bloomberg) — The Federal Reserve raised interest rates by a quarter percentage point and signaled hikes at all six remaining meetings this year, launching a campaign to tackle […]
Fed Seeks Economic Soft Landing, Rarely Seen in Wild: QuickTake
Monday, March 14, 2022 09:00 PM By Rich Miller (Bloomberg) — Federal Reserve Chair Jerome Powell and his colleagues are embarking on a delicate task: They’re trying to use higher interest rates to bring down sky-high inflation without crashing the U.S. into a recession. The ideal result would be what economists call “a soft landing.” Steering the U.S. […]
Insiders debate how to secure America’s future energy needs at the industry’s biggest gathering
Energy executives, policymakers and thousands of others gathered this week in Houston for the annual CERAWeek by S&P Global energy conference. The industry is at an inflection point as Russia’s war on Ukraine — and the subsequent spike in oil and gas prices — raises questions over energy security and the energy transition. In a […]