Equity markets retreated on Tuesday following a hotter-than-expected reading of the Consumer Price Index. The gauge of consumer inflation was hot on a month-to-month basis and accelerated compared to last year, putting hopes the FOMC would cut interest this spring to rest. The takeaway is that inflation is cooler than before but still running hot with the support of services sector growth and labor market strength. In this environment, it is unlikely the FOMC will cut rates until there is a weakening in the labor market, which is ultimately bad for the economy.
Tomorrow’s data may accelerate the sell-off. January Retail Sales are expected to fall compared to last year but may surprise the market. Retail strength aligns with healthy labor markets, consumer demand and inflation, and weakness with recession; the data will not be good news either way. Weak data would confirm weakening in the consumer and cracks in the economy that could lead to recession.
If you’ve ever applied for a mortgage preapproval or bought insurance online, you likely saved time and money by working with a fintech company. Fintech stocks have taken the world by storm, providing tech-minded investors an avenue to combine their vision with some of the top healthcare and finance companies. Read on to learn more about which fintech companies stocks are in the news, what to look for in fintech investments, and some of the best fintech stocks of 2023. Overview of fintech stocks A portmanteau of the words “finance” and ” technology,” fintech stocks are stocks issued by companies that use technology to make financial services more accessible using the internet.
Coca-Cola reported higher-than-expected revenue in the fourth quarter as growth in Mexico, Germany and other markets offset lower sales in the U.S. The Atlanta-based beverage giant said Tuesday its revenue rose 7% to $10.8 billion for the October-December period
Real estate investing isn’t only for millionaires — retail investors can get a shot at investing in major commercial real estate endeavors by investing in REITs. Specialty REITs help investors refine their investment preferences by capitalizing on tenant returns tied to specific industries. Office REITs are those associated with office and commercial spaces in major metropolitan areas. Investing in a major city office REIT can help you gain exposure to hot real estate markets like San Francisco and New York City without putting down millions for a down payment. Are you co…
In 2023, we saw waves of bank collapses, emergency bailouts, and Treasury bond crashes. Yet big banks are celebrating record earnings in 2024… as more and more ordinary folks struggle to make ends meet every day. The 24-year market veteran who called the Lehman Brothers collapse in 2008 reveals why.
Jayson Tatum remembers how it felt when he first bought a home. “It didn’t seem real,” said the Boston Celtics power forward, a five-time NBA All-Star set to start for the Eastern Conference in this year’s All-Star Game on Sunday. Tatum told The Associated Press in an interview how he wants to help others in his hometown of St. Louis get that feeling themselves and buy their own homes. He said financial services company SoFi has given the Jayson Tatum Foundation $1 million to help do that. The gift announced Tuesday will establish the SoFi Generational Wealth Fund at the foundation, which will grant funds to homebuyers to help with a down payment.
Power semiconductor developer Alpha and Omega Semiconductor Ltd. (NASDAQ: AOSL) makes computer chips that manage and control electrical power in numerous systems and devices. Regulating the flow of electrical current is often taken for granted, but it’s a crucial role that requires power semiconductors to perform. AOS’s products help to improve energy efficiency, reduce the costs of electronic systems, and enhance the performance of electronics across a wide range of industries, including consumer electronics, telecom, industrial, automotive, and renewable energy. The company competes with STMicroelectronics N.V.
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Shares of JetBlue are up more than 18% in Tuesday afternoon trading as activist investor Carl Icahn took an almost 10% stake in the airline. Icahn, who purchased the shares in January and February, said in a regulatory filing that he believe JetBlue’s stock is undervalued and represents an attractive investment opportunity. The stock is down abut 29% in the past year. He has had talks, and plans to continue talking with JetBlue in regards to possible representation on its board of directors. “We are always open to constructive dialogue with our investors as we continue to execute our plan to enhance value for all of our shareholders and stakeholders,” JetBlue said in a statement.
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