Market is Price

LONDON — European stocks closed down Thursday with all of the region's major indexes slumping on the final trading day of the first half of the year. The pan-European Stoxx 600 index closed 1.6% lower with all sectors in negative territory. Banks were lower by 2.8% as a banking supervisor in the euro zone asked lenders to assess their recession risks. The benchmark index ended the second quarter of the year down 9% — the worst three-month period since the onset of the coronavirus pandemic in 2020. Year-to-date the index is down by 16.6%. Swedish aerospace and defense company Saab was one of the best performers on the index. It was up 4% after it received a 7.3 billion Swedish crown ($713.9 million) order for two of its GlobalEye Airborne Early Warning and Control aircraft planned for delivery in 2027. The worst performer was German energy company Uniper . Its shares were down a massive 14% after it withdrew its financial outlook for 2022 on Gazprom gas sup...

[unable to retrieve full-text content] Can I Buy a House? More Properties Listed in Supply-Starved Market    Bloomberg from "market" - Google News https://ift.tt/5U1LAkF via IFTTT

If you've not taken the plunge into Elden Ring yet, now's your chance - the From Software game has been hit with a heavy discount that takes it to a record low price. You can pick up an Elden Ring deal on Xbox for just $45.69 at Amazon (opens in new tab) (was $59.95) and on PS5 for $49.94 (opens in new tab) . Meanwhile, the PS4 version has also been discounted with a drop to $47.80 at Amazon (opens in new tab) . Considering how massive Elden Ring has been over the last few months (it's comfortably one of the biggest games of 2022), seeing it tumble to its lowest ever price is the perfect excuse for newcomers to dive in. Those who'd been waiting for it to get reduced, like me, are also well in. It's never been this cheap before. With any luck, this sort of discount will simply be the start; we're staring down the barrel of Prime Day gaming deals in July, so more price cuts should be on the way. We'll keep you posted! More gaming deals If that doesn...

[unable to retrieve full-text content] Bull Market Never Ended for Analysts Wedded to 100% Price Rally Calls    Bloomberg from "market" - Google News https://ift.tt/Qg98dl2 via IFTTT

Dow Jones futures fell modestly early Thursday, along with S&P 500 futures and Nasdaq futures, with some important jobs and inflation data due before the market open. X The stock market rally searched for direction Wednesday. The major indexes closed narrowly mixed. But the details showed further weakness, with losers easily trumping winners. With the uptrend under pressure, it's not a good time to be making new buys or holding more than token exposure. The medical sector continues to lead, bouncing back from Tuesday losses. UnitedHealth ( UNH ) moved higher in a buy zone after just breaking out Wednesday. Vertex Pharmaceuticals ( VRTX ) reclaimed an early entry after Tuesday's retreat. McKesson ( MCK ) is holding key support in its shallow base, not far from an aggressive entry. Lantheus ( LNTH ) is trading around its 50-day line, consolidating after a huge run-up earlier this year. All have relative strength lines near record highs. Upscale furniture retailer ...

Topline Stocks have struggled for direction since falling into a bear market earlier this month amid looming recession fears, but history shows that the market’s rapid pace of decline this year could actually be a positive sign—with stocks set to rebound if the broader economy avoids a downturn. Key Facts The S&P 500 officially fell into a bear market on June 13, closing down more than 20% from its record high in January; and although the benchmark index bounced back above that threshold last week, stocks have been falling and pushing markets lower once again. “No two bear markets are exactly alike,” according to Bespoke Investment Group; that said, over half of bear markets since World War II have preceded a recession but those that did not lead to an economic downturn tended to last for a shorter time, on average. “The good news is that the bull market took just 161 calendar days to go from its peak to a 20% decline threshold—compared to an average of 245 days in...

Executive Summary As inflation closed in on a 40-year high, some lawmakers renewed claims of a direct relationship between increased market concentration and rising prices. This study finds no evidence for that assertion; moreover, prior American Action Forum research dispelled the claim that there is a trend toward increased market concentration. Analysis of industry-level producer price data from the U.S. Bureau of Labor Statistics and market concentration data from the U.S. Census Bureau’s Economic Census showed almost no correlation between the level or the percentage point change in the market concentration ratio and the percentage change in the Producer Price Index (PPI). The data also revealed that a greater number of industries classified as highly concentrated reported a smaller increase in their associated PPI compared to the increase in overall PPI between March 2021 and May 2022. Introduction Following a series of historically high inflation readings, Senator E...

The Agriculture Improvement Act of 2018 initiated an escalator clause for the farm safety net’s reference price.  We evaluate how this escalator would have influenced payments by the Price Loss Coverage (PLC) program from 2014 forward, the first crop year PLC was implemented.  Five crops with a range of relationships between reference prices and market prices are examined:  corn, soybeans, wheat, sorghum, and long grain rice.  The escalator would have increased reference prices and thus PLC payment rates for sorghum, wheat, and, especially corn and soybeans over the 2014 farm bill crop years of 2014-2018.  There is a very good likelihood that the escalator will increase corn, soybean, and sorghum reference prices starting with the 2024 crop year.  The reference price escalator reduces the need to raise statutory reference prices. Overview – Reference Price Escalator The effective reference price for a crop year is the higher of (a) the statutory referenc...

News reports are that Treasury Secretary Janet Yellen has been proposing measures to “enforce a price cap on Russian oil, a move that US officials hope would maintain global crude oil supplies while at the same time limiting Moscow’s revenue.” In the aftermath of the G7 meeting, the press indicates that the proposal is under consideration. This is not going to be easy. For simplicity, suppose there is only one grade of oil (there is not) and that it is currently priced at $100 a barrel. The plain-vanilla version of the idea is that Russia will only get $50 per barrel if it sells its oil to Europe. Europe would continue to pay $100 for other sources of oil. It is extremely unlikely that this situation results in sales from Russia to Europe at $50 a barrel. Suppose there is a country – call it “Doug” – willing to buy the oil from Russia at a price above the $50 cap. Doug could buy it at $60 and turn around and sell it at $100 on world markets. Effectively, the Russian oil would...

[unable to retrieve full-text content] USDA Introduces New Commodities and Features Available on Its Market News App    Drovers Magazine from "market" - Google News https://ift.tt/LVeyY2r via IFTTT

People walk into a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images Home price increases slowed ever so slightly in April, but it is the first potential sign of a cooling in prices. Prices rose 20.4% nationally in April compared with the same month a year ago, according to the S&P CoreLogic Case-Shiller Index. In March, home prices grew 20.6% . The last slight deceleration was in November of last year. The 10-city composite annual increase was 19.7%, up from 19.5% in March. The 20-city composite posted a 21.2% annual gain, up from 21.1% in the previous month. In a change from the last five months, when most of the 20 cities saw month-to-month price gains, only nine cities saw prices rise faster in April than they had done in March. Cities in the South continued to see the strongest monthly gains, including Atlanta, Charlotte, Dallas, Miami, and Tampa. "April 2022 showed initial (although inconsistent) signs...

U.S. stocks fell on Tuesday, erasing earlier gains as the market failed to keep its rebound from the bear-market lows going. The blue-chip Dow Jones Industrial Average fell 491.27 points, or 1.56%, to 30,946.99. The S&P 500 dropped 2.01% to 3,821.55, and the Nasdaq Composite was the laggard, down 3% to 11,181.54. At one point, the Dow was up as much as 446.83 points, or 1.4%. The S&P 500 and Nasdaq gained as much as 1.2% and 1%, respectively. However, the major averages reversed those gains after the release of disappointing economic data. The consumer confidence index fell to a reading of 98.7, down from 103.2 in May and missing a Dow Jones estimate of 100, according to The Conference Board. The weak data came as fears of a recession have increased lately as the Federal Reserve tries to combat surging inflation with aggressive rate hikes. The Conference Board also said 12-month inflation expectations for its consumer confidence survey were at 8% for June, the highest le...

[unable to retrieve full-text content] Stock Market Today: Dow, S&P Live Updates for Jun. 29, 2022    Bloomberg from "market" - Google News https://ift.tt/6AUOfIR via IFTTT

U.S. stocks fell on Tuesday, erasing earlier gains as the market failed to keep its rebound from the bear-market lows going. The blue-chip Dow Jones Industrial Average fell 491.27 points, or 1.56%, to 30,946.99. The S&P 500 dropped 2.01% to 3,821.55, and the Nasdaq Composite was the laggard, down 3% to 11,181.54. At one point, the Dow was up as much as 446.83 points, or 1.4%. The S&P 500 and Nasdaq gained as much as 1.2% and 1%, respectively. However, the major averages reversed those gains after the release of disappointing economic data. The consumer confidence index fell to a reading of 98.7, down from 103.2 in May and missing a Dow Jones estimate of 100, according to The Conference Board. The weak data came as fears of a recession have increased lately as the Federal Reserve tries to combat surging inflation with aggressive rate hikes. The Conference Board also said 12-month inflation expectations for its consumer confidence survey were at 8% for June, the highest le...

Jim Coulter, the founding partner and executive chairman of TPG, which manages $120 billion in investments, has been through seven or eight major market resets and that experience has led him to a form of pattern recognition in how downturns progress. He says there are "three chapters" in these difficult periods for investors, and the first chapter is now over, or at least close to being complete. The market has now been through the multiple reset, which given where equity valuations were last year, is something investors should have seen coming. "What was odd is not today, but last year," Coulter told CNBC on Tuesday from the Aspen Ideas Festival . "Everyone was worried whether it was 'Alice in Wonderland' last year," he said. Though Coulter left some wiggle room in his call that the multiple reset has run its course, noting valuations remains significantly above the 10-year average, "so maybe not quite over," he said. "Tend to...

Stocks started the day on solid footing as investors cheered reports that China is easing back its COVID-related restrictions by reducing the quarantine period for international travelers coming into the country to 10 days from 21 days. Those gains were short-lived, however, with markets taking a sharp turn lower after a round of weak economic data here at home.  For starters, the Richmond Fed Manufacturing Index, which measures manufacturing activity along the East Coast, fell to -19 in June from -9 in May, marking its lowest reading since May 2020. Additionally, the Conference Board's latest consumer confidence survey fell to 98.7 in June, its second consecutive monthly decline and lowest level since February 2021. "Continued pressure from rising prices is clearly impacting the mindset of the consumer," says Cliff Hodge, chief investment officer for Cornerstone Wealth. "Getting inflation under control will be the Fed's number one priority." Sign up fo...

[unable to retrieve full-text content] Stock Market Today: Dow, S&P Live Updates for Jun. 28, 2022    Bloomberg from "market" - Google News https://ift.tt/PVvkjqM via IFTTT

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2022.  Brendan Mcdermid | Reuters The stock market bounce in recent days is just a relief rally and investors should avoid getting sucked back in, according to Trevor Greetham, head of multi-asset at Royal London Asset Management. The positive momentum for global stocks looked set to continue on Monday , after the Dow Jones Industrial Average climbed 2.7% on Friday, and both the S&P 500 and Nasdaq Composite added more than 3%. The pan-European Stoxx 600 index, meanwhile, jumped by 2.6% on Friday, its best day for more than three months, and continued its rise on Monday. However Greetham from Royal London, which had over $200 billion in assets under management at the end of 2021, is far from convinced that a downward trend is over. "We still think we're in a bear market and we think that this is as you describe it, a relief rally, and what we've seen so...

[unable to retrieve full-text content] Average US Gasoline Price Drops 4 Cents to $5.05 Per Gallon    U.S. News & World Report from "price" - Google News https://ift.tt/hnjxpq6 via IFTTT

13 Update on Peach Market in downtown Jackson JACKSON, MI – An effort to bring a grocery store to downtown Jackson is struggling with funding and a partner is needed to help bring it to fruition, the owner of Jackson’s proposed Peach Market said. Peach Market is a 7,000-square-foot grocery store with fresh produce, a coffee and liquor bar, deli, prepared foods and more that was intended to open in Jackson in 2021, said Andrew Kokas, who owns and is developing the former Evanoff’s Food and Cocktails building with his wife, Yizhuo “Olivia” Liang. Note to readers: if you purchase something through one of our affiliate links we may earn a commission. Adblock test (Why?) from "market" - Google News https://ift.tt/4Gk17dv via IFTTT