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Business news
Stellantis stock is down 51% from YTD high: buying the dip is risky
October 10, 2024 03:09 PM AEDT| By InvezzThe Stellantis (STLA) stock price has moved into a deep bear market as doubts about the company’s future remains. Its American shares plunged to a low of $13.40 on Wednesday, its lowest point since January 2023, and down by over 51% from its highest...
Royal Caribbean stock is beating Carnival and Norwegian: is it a buy?
October 10, 2024 01:05 PM AEDT| By InvezzThe Royal Caribbean Cruises (RCL) stock price is firing on all cylinders and outperforming its closest rivals like Carnival and Norwegian. It has risen in the last three consecutive months, and is sitting at a record high of $193. After tumbling to a...
VGLT and TLT ETFs retreat; concerns of a black swan event rise
October 10, 2024 11:01 AM AEDT| By InvezzThe iShares 20+ Year Treasury Bond ETF (TLT) and the Vanguard Long-Term Treasury Index Fund ETF (VGLT) ETFs have pulled back in the past few weeks as investors assess the next actions of the Federal Reserve and a potential black swan event in the US....
South Bay Music Association Presents ‘Lord Of The Rings: A Symphonic Concert’
October 10, 2024 07:15 AM AEDT| By Send2PressLOS ANGELES, Calif., Oct. 9, 2024 (SEND2PRESS NEWSWIRE) -- South Bay Music Association announced today that on November 2, 2024, in Redondo Beach, CA, the South Bay Wind Ensemble will perform "Lord of...
Tech rally boosts S&P 500 to record high as Microsoft, Amazon, and Apple lead; Dow jumps 400 points
October 10, 2024 03:25 AM AEDT| By InvezzUS stocks climbed for the second straight day on Wednesday, with the S&P 500 hitting a new record high as technology stocks led the charge and investors brushed aside geopolitical concerns. The S&P 500 and Nasdaq Composite gained 0.7% and 0.6...
Hurricane Milton disrupts Florida fuel supply, yet oil prices remain low
October 10, 2024 12:03 AM AEDT| By InvezzOil prices have stabilized after a sharp decline on Tuesday, as Hurricane Milton approaches Tampa, Florida, expected to make landfall late Wednesday as a Category 5 storm. With Florida being the third-largest gasoline consumer in the US but lacking a...
VYM: Key catalysts for this blue chip dividend ETF
October 09, 2024 10:47 PM AEDT| By InvezzThe Vanguard High Dividend Yield Index Fund (VYM) ETF has done well this year as its total return rose by 17%. It has outperformed other popular dividend-focused funds like the Schwab US Dividend ETF (SCHD), iShares Core High Dividend ETF (HDV), and...
Jamie Dimon in US elections: Will JPMorgan’s CEO back Kamala Harris or Donald Trump?
October 09, 2024 10:11 PM AEDT| By InvezzAs the 2024 US presidential race enters its final stretch, Jamie Dimon, the CEO of JPMorgan Chase, has become a central figure in the debate over endorsements. The leader of the largest US bank has been in regular discussions with both Kamala Harris’...
Geopolitical conflict could cost global economy $14.5 trillion in five years, Lloyd’s warns
October 09, 2024 09:48 PM AEDT| By InvezzThe global economy could face losses of $14.5 trillion over five years due to a potential geopolitical conflict that disrupts supply chains, according to a hypothetical scenario outlined by Lloyd’s of London. The insurance and reinsurance marketplace...
Broadcom stock nears key price; could hit $1 trillion valuation soon
October 09, 2024 07:02 PM AEDT| By InvezzBroadcom (AVGO) stock price is firing on all cylinders as the company matches towards a $1 trillion market cap. It has risen by over 61% this year, pushing its market cap to over $817 billion. As such, it needs to rise by 22.38% to $220 to get...
Trump’s economic strategy for 2024 is fading — here’s what voters are seeing
October 09, 2024 06:44 PM AEDT| By InvezzAs the 2024 US presidential election approaches, the economy is front and center in political debates, as it always is during election cycles. Historically, voters have associated economic growth and prosperity with Republican candidates, particularl...
Are Tradeweb and MarketAxess stocks rare hidden gems?
October 09, 2024 05:05 PM AEDT| By InvezzTradeweb (TW) and MarketAxess (MKTX) stocks have done well in the past few months, helped by the rising demand for fixed income solutions. MKTX has soared to $280, up by over 45% from its lowest point this year, bringing its market cap to over $10 bi...
Trump Media (DJT) stock soars 19%, marks fourth straight day of gains: here’s why
October 09, 2024 06:53 AM AEDT| By InvezzShares of Trump Media (NASDAQ: DJT), the parent company of Truth Social, surged by 19% on Tuesday, continuing the stock’s upward momentum for the fourth straight day. This marks the longest streak of gains since June, as investors appear to ral...
Gucci’s new CEO Stefano Cantino faces tough road ahead amid global luxury slowdown
October 09, 2024 06:52 AM AEDT| By InvezzKering, the parent company of Gucci, has appointed Stefano Cantino as the new CEO of its flagship brand at a time when both Gucci and the broader luxury sector are facing significant challenges. Cantino, who will officially take the reins in early 20...
Roblox faces Hindenburg short attack: why this could be a buying opportunity
October 09, 2024 05:15 AM AEDT| By InvezzHindenburg research has initiated a short position against the Roblox stock, citing fake user metrics to boost growth potential of the company.
S&P 500 gains as crude oil prices ease; NVIDIA, Apple, and Oracle rise
October 09, 2024 03:21 AM AEDT| By InvezzThe S&P 500 rebounded on Tuesday after a previous decline on Wall Street, with attention on oil prices and bond yields. The S&P 500 climbed 0.7%, while the Nasdaq Composite increased by 1.2%. The Dow Jones Industrial Average gained 45 points....
Wolfe Research downgrades Otis: is the elevator stock heading down?
October 09, 2024 02:34 AM AEDT| By InvezzOn October 8, shares of Otis Worldwide Corp (NYSE: OTIS) fell by 4% in early trading after Wolfe Research downgraded the stock from ‘outperform’ to ‘peer perform’. The elevator and escalator manufacturer, which had gained appr...
Crypto and real estate overtake US stocks as top investment choices for younger Americans: BoFA
October 09, 2024 12:35 AM AEDT| By InvezzAs younger generations navigate a rapidly changing economic environment, cryptocurrencies and real estate are emerging as top investment choices, according to Bank of America’s (BofA) 2024 Study of Wealthy Americans. The report highlights a growing g...
Here’s why Glencore, Rio Tinto, Anglo American shares reversed
October 08, 2024 10:48 PM AEDT| By InvezzMining companies suffered a harsh reversal on Tuesday as concerns about China’s stimulus eased. Glencore (LON: GLEN) share price has dropped by more than 4% from its highest level this week. It remains about 17% above the lowest point in September.&#...
It’s all about jobs now
October 08, 2024 10:01 PM AEDT| By InvezzAt the end of September, we got the latest update on Core PCE, the Fed’s preferred inflation measure. The year-on-year release ticked up a touch, as expected, coming in at +2.7%. This was offset by a better-than-forecast month-on-month number which r...
