Category: News
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Preparing for 2023: What Smart Investors Need to Know
What Are the Smartest Investors Worried About in 2023?[0] As we move into 2023, investors are hoping for a reversal of the dismal performance of 2022.[1] Volatility is likely to remain a key factor in the markets, and investors must remain patient and have a longer-term view if they want to maximize their returns. Money…
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EU Ban on Refined Oil Products from Russia Set to Disrupt Markets
The European Union is about to impose a ban on imports of refined oil products from Russia on February 5th.[0] This ban could be much more disruptive than its earlier halt to crude purchases.[0] To soften the blow, the EU is considering a price cap of $100 per barrel on Russian diesel, though this is…
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Mortgage Rates Drop, Home Prices Show Mixed Results in 2021
This week, data from mortgage lender Freddie Mac revealed that the average rate for a 30-year fixed mortgage had dropped to 6.15%. This is significantly higher than the rate one year ago when it hovered around 3.56%.[0] Meanwhile, the average rate on a 15-year home loan dropped from 5.52% down to 5.28%. During the four…
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10-Year Treasury Yield Reaches 3.5% as Xylem and IBM Layoffs Weigh on Market
The yield on the benchmark 10-year U.S. Treasury note rose to 3.477%, up from 3.461% on Wednesday. The WSJ Dollar Index saw an increase of less than 0.1[0] On Tuesday’s stock market, the Dow Jones Industrial Average rose a fraction, the S&P 500 index ended just below break-even, and the Nasdaq composite fell 0.2%.[1] The…
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Tesla Inc. (TSLA) Announces Q4 Earnings with Revenue Increase of 37%, Price Cuts in China, and Wedbush Price Target Raised to $200
Tesla Inc. (NASDAQ: TSLA) released its earnings results for Q4 2022 on Wednesday, revealing a 37 percent increase in revenue to $24.3 billion and a 59 percent increase in net profit once generally accepted accounting practices (GAAP) were applied.[0] Automotive revenues accounted for the lion’s share of the quarter’s income, coming in at $21.3 billion,…
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Fed Prepares to Slow Rate Hikes at February Meeting
The Federal Reserve is preparing to slow its rate hikes from a 50 basis point increase in December to 25 basis points for the meeting on January 31 and February 1. The central bank is looking to get inflation under control with further debate centering on when to pause rate hikes. This comes after inflation…
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Dow Jones Rises 0.3% Despite Cautionary Market Sentiment Ahead of DOJ Antitrust Suit Against Alphabet’s Google
On Tuesday, January 24th, 2023, the Dow Jones Industrial Average rose 0.3% to close at 33,733.[0] The S&P 500 and the Nasdaq Composite ended with modest losses, 0.1% and 0.3%, respectively. The Russell 2000 index of small-capitalization stocks lost 0.[1] The 10-year Treasury yield fell 4 basis points to 3.47%. Oil prices dropped 2% from…
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US Department of Justice and 8 States File Antitrust Lawsuit Against Google
The US Department of Justice and eight states have filed a lawsuit against Google, accusing the tech giant of illegally monopolizing the digital advertising market.[0] The complaint, filed Tuesday in a federal court in Virginia, alleges that Google has used anticompetitive, exclusionary, and unlawful means to eliminate or severely diminish any threat to its dominance…
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Mixed Activity in Bond and Equity Markets; Tesla to Report Earnings After Close
Bond markets saw some mixed activity on Wednesday, as the 10-year Treasury yield inched down 1 basis point to 3.46%, after falling five basis points to 3.46% earlier in the day. Meanwhile, the 2-year yield (US2Y) dipped almost 3 basis points to 4.22%.[0] In the stock market, the Dow Jones Industrial Average rose 0.3%, while…
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Adani Group Stocks Plummet Following Hindenburg Research Report Alleging Stock Manipulation & Accounting Fraud
Hindenburg Research, a US-based investment research firm that specialises in activist short-selling, has released a report alleging that Indian conglomerate, Adani Group, has engaged in ‘brazen stock manipulation and accounting fraud’ over the course of decades.[0] [1] Gautam Adani, the world’s third richest man with a net worth of nearly $119 billion (as reported by…