David Kelly, the chief global strategist at JPMorgan Asset Management, recently discussed the current state of the stock market and the implications of recent economic data and Federal Reserve policies. Following significant improvements in economic indicators and an unexpected rate cut from the Fed, market sentiments have turned optimistic, leading…...

Traders are currently navigating a landscape fraught with risks following a remarkable start to 2024, where the S&P 500 Index has surged nearly 20%, translating to an additional $8 trillion in market capitalization. The initial gains are primarily rooted in expectations for a more accommodating monetary policy and favorable profit…...

The surge in energy demand driven by Big Tech’s rapid AI infrastructure development has positively impacted GE Vernova (GEV), a power equipment manufacturer that emerged from the General Electric (GE) umbrella earlier this year. Shares of GE Vernova have remained near historical highs, reflecting a broader trend observed among companies…...

Last week concluded with a wave of positivity as two significant events alleviated concerns regarding the economy. The release of a robust jobs report prompted optimism about the labor market, dispelling fears of impending weakness. Furthermore, the resolution of the dockworkers’ strike soothed worries about potential supply chain disruptions that…...

This week, attention in the financial markets is centered on several high-stakes events, including the inflation data release, the Federal Reserve’s September FOMC meeting minutes, and the launch of the Q3 earnings season. Investors are notably eyeing Thursday’s U.S. consumer price index (CPI) report for September, with forecasts indicating an…...

Motel 6’s parent company, G6 Hospitality, has been acquired by the Indian hotel operator OYO Hotels for a cash sum of $525 million, as announced in a press release from Blackstone Real Estate. This significant acquisition marks OYO’s continued expansion in the United States, where it has been gradually establishing…...

On the latest episode of “Barron’s Roundtable,” Jack Otter and a panel of industry experts examined the declining popularity and profitability of Southwest Airlines, emphasizing the necessity for the airline to adapt in the face of pressure from Elliott Investment Management, an activist investor urging for significant changes. Southwest’s Chief…...

JCB, the renowned British construction manufacturing giant, has recently made a significant workforce reduction, laying off approximately 230 agency workers. This decision comes amid a global downturn in manufacturing, as the company prepares for a potential prolonged decline in orders. The layoffs have primarily impacted workers sourced from Guidant Global,…...

In a recent analysis on Varney & Co., Great Hill Capital Chairman Thomas Hayes addressed new retail sales data and deliberated the impact of potential Federal Reserve rate cuts on the market. The ongoing situation at Intel Corp., which was once the world’s most valuable semiconductor manufacturer, has drawn significant…...

Neil Chilson, the former chief technologist of the Federal Trade Commission (FTC), recently shared his insights regarding the increasing scrutiny on Big Tech companies, particularly focusing on Google as it faces a third antitrust lawsuit initiated by the Department of Justice (DOJ). This legal action is part of a broader…...

The Saudi stock market is currently facing significant volatility following a summer of gains, characterized by its worst start to the fourth quarter in years amidst rising regional tensions. The Tadawul All Share Index experienced a decline of 2.2% in the first three trading days of October, primarily due to…...