Stock market

Goldman Sachs Launches Sports Franchise Division Amid Rising Interest in Sports-Related Investments
September 21, 2023 04:54 AM AEST| By InvestingGoldman Sachs (NYSE:GS) is expanding its financial services to adapt to the growing interest in sports-related investments. The banking giant has launched a new division, Sports Franchise in Investmen

GreenTree Hospitality Group's stock dips despite solid fundamentals
September 21, 2023 04:52 AM AEST| By InvestingGreenTree Hospitality Group (NYSE:GHG) has seen a 26% decline in its stock over the past month, despite its fundamentally sound long-term financials. The company's return on equity (ROE), a metric ind

Instacart Debuts on NASDAQ With a Notable Rise in Share Price
September 21, 2023 04:52 AM AEST| By InvestingOn Tuesday, September 19, 2023, Instacart, the widely recognized grocery delivery and pick-up service, made its much-anticipated debut on the NASDAQ stock exchange under the ticker "CART", marking one

Klaviyo's Wall Street debut opens with 22.5% premium, raising $345.2 million
September 21, 2023 04:52 AM AEST| By InvestingOn Wednesday, Klaviyo Inc., a firm that provides software-as-a-service (SaaS) for digital marketing, made a successful entrance onto Wall Street. The company's stock opened at a 22.5% premium to its i

Bitcoin experiences dip, but on-chain activity suggests potential bull run
September 21, 2023 04:46 AM AEST| By InvestingBitcoin's value dipped briefly below $27,000 on Wednesday, reaching a low of $26,940 in recent trading. The fall came after investors' failed attempts to push the cryptocurrency beyond the $27,393 res

Vanguard Anticipates Elevated Borrowing Costs to Persist Until Late 2024
September 21, 2023 04:40 AM AEST| By InvestingWednesday, September 20, 2023 - Vanguard, the mutual fund behemoth managing $8.1 trillion in assets as of August, has projected that the Federal Reserve may need to sustain elevated borrowing costs un

Bank of Canada Cautious in Rate Decision Messaging Amid Economic Uncertainty
September 21, 2023 04:36 AM AEST| By InvestingThe Bank of Canada (BoC) has been cautious in its communication regarding its recent policy rate decision, aiming to avoid any misinterpretation that it had concluded its cycle of raising interest rat

Federal Reserve Maintains Interest Rates, Ford Averts Canadian Strike, and Boeing Boosts China Sales Forecast
September 21, 2023 04:34 AM AEST| By InvestingIn the latest financial updates on Wednesday, the Federal Reserve decided to maintain its target interest rate range at 5.25% to 5.5%. The decision was released along with the Fed's quarterly economic

AI Adoption Fuels Tech Sector Growth, ChatGPT Reaches 100 Million Users
September 21, 2023 04:32 AM AEST| By InvestingThe tech industry has seen significant growth in 2023, largely driven by the rise of artificial intelligence (AI). This year, the Nasdaq Composite Index increased by approximately 30%, a surge attribu

Fed Maintains Interest Rates, Market Anticipates Powell’s Outlook
September 21, 2023 04:30 AM AEST| By InvestingPre-market indices on Wednesday showed a recovery from the previous day's mild sell-off. The Dow was up by 100 points, the S&P 500 increased by 15 points, and the Nasdaq, despite facing its worst trad

Fed Maintains Steady Interest Rates Amid Expectations of a November Hike
September 21, 2023 04:28 AM AEST| By InvestingThe Federal Reserve (Fed) held its benchmark federal funds rate steady at 5.25%-5.50% on Wednesday, September 20, 2023, amid expectations of a potential rate hike in November. The decision was in line

US Stock Indexes Dip Ahead of Federal Reserve’s Interest Rate Decision
September 21, 2023 04:26 AM AEST| By InvestingMajor U.S. stock indexes, including the Dow Jones Industrial Average, the S&P 500, and the Nasdaq, all finished in the red on Tuesday amid rising oil prices, increasing bond yields, and investor antic

Bitcoin’s Dominance Strengthens With Approval of ETFS and Regulatory Green Light
September 21, 2023 04:24 AM AEST| By InvestingBitcoin (BTC) has reinforced its position as the leading cryptocurrency, with its market dominance reaching 52% in late June this year, up from a range of 39% to 49% over the previous two years. This

EU Gig Economy Faces Transformation With Proposed Law Offering Minimum Salaries and Benefits
September 21, 2023 04:22 AM AEST| By InvestingIn a potentially transformative move for Europe's gig economy, the European Union is in the final stages of negotiating a proposed law. Recognizing gig workers as de facto employees, the legislation w

Federal Reserve Expected to Hold Rates Amid Slowing US Economic Growth
September 21, 2023 04:22 AM AEST| By InvestingThe Federal Reserve is anticipated to maintain its benchmark interest rate, currently at a 22-year high, according to Rick Rieder, BlackRock (NYSE:BLK)'s Chief Investment Officer of Global Fixed Incom

Bank of America Strategist Revises S&P 500 Year-End Forecast Upwards
September 21, 2023 04:18 AM AEST| By InvestingWednesday saw Savita Subramanian, the head of equity and quantitative strategy at Bank of America (NYSE:BAC), revise her year-end forecast for the S&P 500, marking the second adjustment this year. The

Coty Raises Revenue Forecasts, Stocks Surge Amid Strong Fragrance Sales
September 21, 2023 04:16 AM AEST| By InvestingCosmetics giant Coty (NYSE:COTY) has raised its revenue forecasts for the first half and the entire fiscal year of 2024, leading to an 8% surge in its share price on Wednesday. This upward revision, w

WATCH LIVE: Fed Chair Jerome Powell Holds Press Conference
September 21, 2023 04:16 AM AEST| By InvestingInvesting.com -- Federal Reserve Chairman Jerome Powell answers reporters' questions following the FOMC's decision on interest rates. -- Jul. 31, 2024.

R1 RCM Inc. sees growth despite trading at discount
September 21, 2023 04:14 AM AEST| By InvestingR1 RCM Inc . (NASDAQ:RCM) saw a trading volume of 2.87 million shares in the last trading session, with the company's beta reaching 0.85. The company's market valuation stood at $6.99 billion, as its

Instacart Makes Strong Wall Street Debut, Potentially Signaling Fresh Wave of Ipos
September 21, 2023 04:14 AM AEST| By InvestingIn a significant development on Wall Street, grocery-delivery app Instacart, formally known as Maplebear Inc., made an impressive debut on Tuesday. The company's shares surged 40% above their set pric

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