Conference Board Confidence ‘Hope’ Hovers Near Decade-Lows
Conference Board Confidence ‘Hope’ Hovers Near Decade-Lows Consumer Confidence, as survey by The Conference Board, dipped in June to 100.4 from a revised lower May print of 101.3. The present situation index improved but the expectations index declined further (hovering near decade lows)… Source: Bloomberg …and for the 7th month in the last 8, confidence […]
McDonald’s $5 Meal Deal Highlights Inflation Battle
McDonald’s new $5 Meal Deal, debuting Tuesday, offers a McChicken or McBurger, chicken nuggets, fries, and a drink for less than a Big Mac, highlighting a shift in the fight against inflation. This promotion comes as the U.S. inflation rate slows, with prices up 3.3% in May compared to 4% the previous year and 8.6% […]
China Dangles A Car-Rot
China Dangles A Car-Rot By Bas van Geffen, CFA, Senior Macro Strategist at Rabobank The European tariff hike on Chinese electric vehicles hasn’t even come into effect, but parties on both sides are already looking for a diplomatic solution. In a meeting between German Economy Minister Habeck and China’s Commerce Minister Wang Wentao, China reportedly […]
Novo Nordisk Shares Hit New Record As Wegovy Gets Approval In China
Novo Nordisk Shares Hit New Record As Wegovy Gets Approval In China China’s National Medical Products Administration has approved Novo Nordisk A/S’ blockbuster Wegovy drug for “long-term weight management” in the world’s second-largest economy. Wegovy will first be made available to Chinese patients with a body mass index (BMI) of 30kg/m2, which qualifies as obese, and who also […]
Survey Shows Financial Advisors Favor Increasing Gold Allocations as Prices Rise
Gold prices are up nearly 14% this year and are approaching record highs. Despite ongoing geopolitical conflicts and expectations for a Federal Reserve rate cut, financial advisors still recommend adding gold to portfolios. According to the latest Gold Perceptions Survey by State Street Global Advisors and the World Gold Council, almost 30% of surveyed advisors […]
S&P 6300? Is That Outside The Realm Of Possibility?
S&P 6300? Is That Outside The Realm Of Possibility? Authored by Lance Roberts via RealInvestmentAdvice.com, Goldman Sachs recently upped its price target to S&P 6300 for the end of this year, along with Evercore ISI upping its year-end target to 6000. Such is not surprising given the strong run in the markets this year. Just two […]
US Home Prices Hit New Record High, But YoY Appreciation Slows…
US Home Prices Hit New Record High, But YoY Appreciation Slows… Home prices in America’s 20 largest cities rose for the 14th straight month in April (according to the latest data from S&P CoreLogic – Case Shiller – data today), up 0.38% MoM (more than the expected 0.3%) leaving pricesz up 7.20% YoY (more than […]
People Surprised And Worried By UK Army Ad Showing Exclusively White People
People Surprised And Worried By UK Army Ad Showing Exclusively White People Authored by Paul Joseph Watson via Modernity.news, People have expressed ominous surprise that the British military is once again targeting white men in recruitment ads, with some seeing it as a sign that war is coming. “After being totally dismissed from adverts for […]
Last-Minute Twist: Boeing Offers All-Stock Deal To Acquire Spirit AeroSystems
Last-Minute Twist: Boeing Offers All-Stock Deal To Acquire Spirit AeroSystems Shares of Spirit AeroSystems Holdings were lower in premarket trading in New York after Bloomberg reported that Boeing changed its proposed funding to acquire the parts maker from an all-cash deal to an all-stock deal. Sources say Boeing switched its proposed funding from an all-cash offer in the final innings […]
Futures Rise As Nvidia Rebound From 3-Day Rout
Futures Rise As Nvidia Rebound From 3-Day Rout US index futures are higher, led by a rebound in the tech names in general and Nvidia in particular which rose as much as 3.5% in premarket trading after getting routed by a three-day, 13% selloff that wiped out $430 billion in market cap and saw it […]