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S&P 500 hits 4-day win streak as US stocks climb after ADP report shows job growth slowing

Wed, 08/30/2023 - 16:05

Tech Insider

An American flag hangs behind traders working on the floor of the New York Stock Exchange (NYSE) on October 11, 2019 in New York City. — An American flag hangs behind traders working on the floor of the New York Stock Exchange (NYSE) on October 11, 2019 in New York City.
Drew Angerer/Getty Images

Markets, mi-exclusive, Markets, stock-market-news-today, labor-market, Jobs, JOLTS

Pot stocks jump as federal agency reportedly seeks to downgrade cannabis from the hard-drug category

Wed, 08/30/2023 - 15:57

Tech Insider

Cannabis — A customer shows purchased marijuana products at Curaleaf as New Jersey launches recreational marijuana sales following voter approval in Bellmawr, New Jersey, U.S., April 21, 2022.
REUTERS/Hannah Beier

Markets, mi-exclusive, pot-stocks, Marijuana, Legislation, drug-industry, Mover

Here's why China's yuan will never be able to dethrone the US dollar

Wed, 08/30/2023 - 14:03

Tech Insider

A Person Counting US Dollar Bills — Moe Zoyari/Bloomberg

Markets, mi-exclusive, us-dollar, dedollarization, china-currency, Currency, Markets

A big investor in a top luxury watch retailer dumped millions of shares after Rolex struck a deal to run its own stores

Wed, 08/30/2023 - 13:38

Tech Insider

Man looking on luxury watches Rolex on his hand. — Man looking on luxury watches Rolex on his hand.
AS photo studio / Shutterstock

Markets, mi-exclusive, Markets, rolex, Retail, luxury-watch, luxury-retail

Why the S&P 500 could rally another 11% by year-end, according to a Morgan Stanley senior portfolio manager

Wed, 08/30/2023 - 10:55

Tech Insider

Andrew Slimmon — Andrew Slimmon is a senior portfolio manager at Morgan Stanley's $665 billion investment management business
CNBC

Markets, mi-exclusive, Stocks, sp-500, Equities, stock-market-outlook, us-stocks

US stocks climb on fresh signs the labor market is cooling

Wed, 08/30/2023 - 09:35

Tech Insider

trader nyse look up — Michael M. Santiago/Getty Images

Markets, mi-exclusive, Markets, stock-market-news, Stocks, Jobs, labor-market

The S&P 500 is about to take off in a month-long rally that will retest its 2023 high, Fundstrat says

Wed, 08/30/2023 - 09:21

Tech Insider

Thomas Lee Tom Lee Fundstrat — Tom Lee.
Brendan McDermid/Reuters

Markets, mi-exclusive, stock-market-outlook, stock-rally, s-and-p-500-prediction, s-p-500-forecast, bull-market

The case for owning bonds over stocks is at its strongest since 2009, according to one key metric

Wed, 08/30/2023 - 08:56

Tech Insider

A trader looks at market charts on the floor of the New York Stock Exchange. — The S&P 500 is up 17% this year.
Angela Weiss/AFP/Getty Images

Markets, mi-exclusive, Markets, Stocks, Bonds, Equities

Expect stocks to plunge at least 10% once investors price in the risk of recession, one strategist says

Wed, 08/30/2023 - 08:45

Tech Insider

traders — Stocks could plunge by 10% or more once investors start pricing in the risk of recession, Key Advisors' Eddie Ghabour says.
Brendan McDermid/Reuters

Markets, mi-exclusive, Markets, Stocks, stock-market-outlook, us-markets-and-economy, Inflation

Warren Buffett's 93rd birthday is today. Here's why the investing icon dreads his big day each year, and compares life to a snowball rolling down a hill.

Wed, 08/30/2023 - 07:26

Tech Insider

warren buffett — Warren Buffett.
Paul Morigi/Getty

Markets, mi-exclusive, Markets, Stocks, warren-buffett, berkshire-hathaway, alice-schroeder

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