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Showing posts from August, 2022

Hungary's Price Caps Have to Be Phased Out, Minister Says - U.S News & World Report Money

[unable to retrieve full-text content] Hungary's Price Caps Have to Be Phased Out, Minister Says    U.S News & World Report Money from "price" - Google News https://ift.tt/36cr2fS via IFTTT

Stock Market Today: Dow, S&P Live Updates for Sept. 1 - Bloomberg

[unable to retrieve full-text content] Stock Market Today: Dow, S&P Live Updates for Sept. 1    Bloomberg Stock Market Today Live: Dow Slips 200 Points; BBBY Stock Plunges After Strategic Update    The Wall Street Journal Futures Signal Rally Isn't Finished After Support Broken    Investor's Business Daily Stock Market Selloff Continues As Investors Worry About Higher Interest Rates    Forbes View Full Coverage on Google News from "market" - Google News https://ift.tt/LUAh6gi via IFTTT

Nobody wants to get ahead of September's parade of potential market hazards - CNBC

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This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics. It's a listless end to a brutal two weeks that made August a tough month and has investors feeling little need to step in front of a parade of potential hazards heading into September. So far Wednesday, the S & P 500 has stayed within Tuesday's range, losing an early rally attempt and sagging back below the 4,000 level — the 50-day average — and hanging right near the noted halfway point between the June low and August high. Coming into the week, I was noting that Federal Reserve Chair Jerome Powell on Friday sought to keep the market uncomfortable and get financial conditions tighter — and the silver lining was that the wall of worry was already pretty, high and investors hadn't fully relaxed even during the strong June-August rip. Now, the tape is getting almost as oversold, by some measures, as it was around the June market low —

Jeremy Grantham says the worst is yet to come as markets enter final act of 'supperbubble' - CNBC

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Jeremy Grantham, famed investor with a history of calling market crashes, said Wednesday the burst of multiple-asset bubbles he's been warning of has yet to occur despite 2022's extreme volatility. "The current superbubble features an unprecedentedly dangerous mix of cross-asset overvaluation (with bonds, housing, and stocks all critically overpriced and now rapidly losing momentum), commodity shock, and Fed hawkishness," Grantham said in a note published Wednesday . "Each cycle is different and unique – but every historical parallel suggests that the worst is yet to come." Grantham, the co-founder of Grantham Mayo van Otterloo in 1977, is a widely-followed investor and market historian with a track record of identifying market bubbles. He foresaw the 2008 bear market and the dot-com bubble-bursting of 2000. The 83-year-old investor said superbubbles take multiple stages. After the bubble forms and a setback happens, like it did in the first half of the yea

We're adding to two stocks in an oversold market — it's what our discipline mandates - CNBC

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We are buying 25 shares of Nvidia (NVDA) at roughly $151.52 each; and 150 shares of TJX Companies (TJX) at roughly $62.78. Following Wednesday's trades, Jim Cramer's Charitable Trust will own 350 shares of Nvidia, increasing its weighting in the portfolio to 1.82% from 1.69%; and 850 shares of TJX, increasing its weighting in the portfolio to 1.81% from 1.5%. We're buying a couple of stocks into weakness Wednesday due to the oversold nature of the broader market. After Tuesday's session, the S & P Oscillator moved to minus 7.06%. As a reminder, any time the Oscillator moves below minus 4%, it signals that the market is oversold, which means it could be due for a bounce. If you have been following us over the years, then you already know what our discipline states. We look for bargains and hold our nose and buy whenever the market is oversold, just like how we hold our nose and sell when the market is overbought . Of course, the Oscillator could become more oversold

S&P 500 falls for a fourth day, putting summer market comeback in doubt - CNBC

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Stocks fell Wednesday — the last day of August — in choppy trading, putting the major averages on track for their fourth straight losing session as investors weighted the Federal Reserve's efforts to fight inflation. The Dow Jones Industrial Average slid 161 points, or 0.5%. The S&P 500 lost 0.4% and the Nasdaq Composite fell 0.4%. The major averages were higher earlier in the day. What began as a strong month for the three major averages is on pace to end on a weaker note. The Dow and S&P 500 are currently on pace to finish August more than 3% lower. The Nasdaq is set to end down about 4%. The moves put the Dow and S&P about 7% and 9%, respectively, above their mid-June lows. The Nasdaq is now more than 12% above its low. The summer rally peak came two weeks ago on August 16, a full two months after hitting the lows on June 16. Investors had been debating for weeks whether the economy is in a recession or heading toward one, and many thought an economic downturn

S&P 500 slumps as "new bull market" fizzles - Axios

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Data: FactSet; Chart: Kavya Beheraj/Axios A few weeks back, we started to hear declarations that a new bull market was underway. Now ... not so much. Driving the news: Stocks slumped again on Monday, as the market momentum that drove a rally through much of the summer continued to ebb. Flashback: After the ugliest start to a year since 1970 , the S&P 500 was down as much as 23% this year by mid-June. Stocks then rallied hard for two months, cutting those losses to about 10%. The Nasdaq soared over 20% at the same time, prompting the Wall Street Journal to declare a new bull market had begun for the tech-heavy index. Between the lines: The wind in the market's sails over the summer came from a sharp tumble in long-term interest rates — essentially the yield on the U.S. 10-year Treasury note — as oil prices and other inflationary pressures started to relax a bit. If you're interested in how lower rates buoy stock prices, see here and here . Reality check:

The Options Market Is Accentuating the Swings in Stocks - The Wall Street Journal

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The S&P 500 on Friday suffered its biggest one-day loss in more than two months. Photo: Michael Nagle/Bloomberg News As stocks rallied over the summer and sank in recent days, a common force exacerbated the moves: the options market. Federal Reserve Chairman Jerome Powell spooked investors Friday when he vowed the central bank would keep fighting inflation , even at the expense of economic growth. The S&P 500 suffered its biggest one-day loss in more than two months.  The market’s summer rally, however, began fizzling a week earlier, coinciding with the Aug. 19 expiration of more than $2 trillion in options. Strategists say that left the market vulnerable to a spike in volatility—one that could feed upon itself if options market dynamics take hold. “Options are primarily an insurance market,” said Cem Karsan, founder and senior managing partner of Kai Volatility Advisors. “But insurance providers do not like to take directional risk; when they sell stock

Philadelphia Eagles: Jalen Reagor’s market appears to be “heating up” - Section 215

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It’s been clear for some time now that the Philadelphia Eagles and Jalen Reagor are just not meant to be. That time may now be at hand. After being selected with the 21st pick in the 2020 NFL Draft, Reagor’s career in Philadelphia was never able to truly take off. The receiver out of TCU managed only 396 yards in 11 games his rookie year and followed that disappointing performance with just 299 yards in 17 games during year two. There had been plenty of rumors of the Eagles parting with Reagor this offseason either via trade or, if one failed to materialize, by releasing the former first-round pick. Now, just hours before the 4:00 pm deadline, it seems that the market is taking form. The market is “heating up” for Philadelphia Eagles’ receiver Jalen Reagor. According to Geoff Mosher , co-founder of Inside the Birds, it appears that a market not only exists but is growing for the 23-year-old. Buzz around the league is that Jalen Reagor’s trade market is heating up. Some teams

The Global Space Sensors & Actuators Market grew USD 9,630.26 million by 2027, at a CAGR of 18.42%. - Yahoo Finance

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ReportLinker Space Sensors & Actuators Market Research Report by Product Type (Actuators and Sensors), Platform, Application, End-User, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19 New York, Aug. 29, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Space Sensors & Actuators Market Research Report by Product Type, Platform, Application, End-User, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19" - https://www.reportlinker.com/p06299719/?utm_source=GNW The Global Space Sensors & Actuators Market size was estimated at USD 3,491.23 million in 2021 and expected to reach USD 4,125.58 million in 2022, and is projected to grow at a CAGR 18.42% to reach USD 9,630.26 million by 2027. Market Statistics: The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization

Indonesia Unveils Aid to Soften Blow of Planned Fuel Price Hike - Bloomberg

[unable to retrieve full-text content] Indonesia Unveils Aid to Soften Blow of Planned Fuel Price Hike    Bloomberg from "price" - Google News https://ift.tt/RUB9vmE via IFTTT

Hyaluronic Acid Market Demand to Nearly Double as Sales in Pharmaceutical Industry to Account for 1/3rd of Overall Sales | Future Market Insights, Inc. - Yahoo Finance

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Future Market Insights Global and Consulting Pvt. Ltd. As per Future Market Insights (FMI), the hyaluronic acid market is driven by increased demand for hyaluronic acid-based products such as dermal filters, moisturizers, shampoo etc. in cosmetics industry DUBAI, United Arab Emirates, Aug. 28, 2022 (GLOBE NEWSWIRE) -- According to Future Market Insights (FMI), the global hyaluronic acid market is set to witness growth at a CAGR of 6.4% and is anticipated to reach a valuation of around US$ 16.4 Bn by 2032. Growth in the market is attributed to rising demand for nutritional supplements and healthy food products. Hence, key manufacturers are increasingly using fortified agents such as hyaluronic acid in their products to capitalize on the growing demand. As consumers are becoming more aware of the benefits of hyaluronic acid, application in dietary supplements with fortified nutrients for general human body development is expected to drive the growth. Hyaluronic acid is a na

Powell’s ‘totality of data’ prolongs bond market’s limbo state for at least a week - Fortune

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The U.S. bond market’s day of reckoning has been postponed for at least a week. While Federal Reserve Chair Jerome Powell’s speech at the central bank’s annual meeting in Jackson Hole Friday was unequivocally hawkish, the market remains near-evenly divided about the outcome of next month’s policy meeting. Still-elevated inflation makes a rate increase inevitable, but the size “will depend on the totality of the incoming data and the evolving outlook,” Powell said. Some parts of the totality are larger than others, and next week’s employment report — along with the consumer price index on Sept. 13 — are among the biggest. Either or both could seal the case for another three-quarter-point hike or a smaller half-point move. In the meantime, traders are retreating to longer-term bets on yield-curve flattening and lower rate volatility. “A hugely important employment report will validate the case for 50 or 75 basis points,” said Alan Ruskin, chief international strategist at Deutsche B

Apple's iPhone 14 Is Coming Soon. But, Will It Cost More? - CNET

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Apple's Far Out launch event is scheduled for Sept. 7. This means that the iPhone 14's arrival is likely just a week and a half away. But with a slew of upgrades expected to come alongside the new iPhone, how much will it cost?  The successor to the 2021 iPhone 13 is expected to sport a notchless display , a 48-megapixel camera on the high-end models and a new 6.7-inch iPhone 14 Max option, if the leaks and rumors are to be believed. All of this may come at a price increase to the tune of $100 , according to a prediction from Wedbush analyst Dan Ives, as reported on Ped30. This is in line with forecasts previously shared by analysts with The Sun, which suggested that Apple's entire supply chain is seeing price increases. Apple didn't respond to a request for comment. Apple didn't make any price changes between the iPhone 12 and iPhone 13 , but those two generations of iPhones are also fairly similar. It's reasonable to think that bigger upgrades could

Revised: Odds of falling home prices in your local housing market, as told by one interactive map - Fortune

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“We saw [home] prices moving up very very strongly for the last couple of years. So that changes now. And rates have moved up,” Powell told reporters in June. “We are well aware that mortgage rates have moved up a lot. And you are seeing a changing housing market. We are watching it to see what will happen. How much will it really affect residential investment? Not really sure. How much will it affect housing prices? Not really sure.” “I’d say if you are a homebuyer, somebody or a young person looking to buy a home, you need a bit of a  reset . We need to get back to a place where supply and demand are back together and where inflation is down low again, and mortgage rates are low again.” It’s clear the Fed’s “housing reset” will give homebuyers more options (i.e. rising inventory ) and more breathing room (i.e. fewer bidding wars ). The question mark—which Powell acknowledged in June—is will it push home prices lower? Historically speaking, home prices remain sticky until economi

Germany's SPD plans new steps to ease energy price impact, document shows - Reuters

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BERLIN, Aug 28 (Reuters) - Germany's ruling Social Democrats (SPD) will propose further measures to help its citizens cope with rising energy prices, including another discounted national transport ticket, a document seen by Reuters showed on Sunday. Households are facing higher energy costs after the German gas market operator set a levy from October to help utilities cover the cost of replacing Russian supplies. With energy prices rising following Russia's invasion of Ukraine, the government has already introduced two relief packages this year, including a 9 euro ($8.96) transport ticket allowing travel anywhere in Germany that expires on Aug. 31. A third relief package would include a similar ticket but with a less heavily discounted price tag of 49 euros per month, according to a draft proposal, which the Sueddeutsche Zeiting was first to report on. The proposal also envisages direct payments for middle and low-income households, measures to protect tenants from evicti

1952 Mickey Mantle Card Shatters Record Price at Auction - Sports Illustrated

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NEW YORK (AP)—A mint condition Mickey Mantle baseball card sold for $12.6 million Sunday, blasting into the record books as the most ever paid for sports memorabilia in a market that has grown exponentially more lucrative in recent years. The rare Mantle card eclipsed the record just posted a few months ago—$9.3 million for the jersey worn by Diego Maradona when he scored the contentious “Hand of God” goal in soccer’s 1986 World Cup. It easily surpassed the $7.25 million for a century-old Honus Wagner baseball card recently sold in a private sale. And just last month, the heavyweight boxing belt reclaimed by Muhammad Ali during 1974′s “Rumble in the Jungle” sold for nearly $6.2 million. All are part of a booming market for sports collectibles. Prices have risen not just for the rarest items, but also for pieces that might have been collecting dust in garages and attics. Many of those items make it onto consumer auction sites like eBay, while others are put up for bidding by auct

France to limit electricity price hikes next year - Finance Minister - Reuters

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PARIS, Aug 27 (Reuters) - French Finance Minister Bruno Le Maire said on Saturday that increases in electricity prices next year will be limited, but did not give specific details. "Increases that the President and Prime Minister have spoken about will be limited increases," Le Maire said, according to French television channel BFM. The government will also provide aid to households least able to pay their energy bills, he added. French President Emmanuel Macron said earlier this week that there were "tough months ahead" while his government warned of energy price rises as the war in Ukraine grinds on. read more In the coming weeks the French government will have to decide whether to renew price caps on electricity and gas that expire at the end of the year, and whether to maintain a fuel rebate. These two measures have helped keep French inflation lower than many European peers but weigh heavily on public finances. A government spokesman said last week that F