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US stocks mixed as Fed tightening fears linger
The US stocks were mixed Monday morning, with equities poised for more turbulence this week due to fears of Fed tightening and a wild run in currency markets. The US stocks were mixed Monday morning, with equities poised for more turbulence this week due to fears of Fed tightening and a wild run in currency markets. The S&P 500 was near the same level as the Dow Jones Industrial was off by just 0.2%. The tech-heavy Nasdaq Composite gained 0.4%. The CBOE Volatility Index VIX, which measures Wall...
Updated: 09/26/2022
Costco's 'core' price target despite rising membership fees
... Club owned by Walmart WMT, which recently raised prices for the first time since 1999. On October 17th, the annual membership fees for Club members will be changed to $50 from $45 and $110 from $100 for Plus members. Brooke DiPalma is a reporter for Yahoo Finance . Follow her on Twitter at BrookeDiPalma or email her at bdipalma yahoofinance.com.
Updated: 09/25/2022
New York's Seagram Building turns its offices into a playground
... developer RFR Holding . RFR converted the space from a parking garage into a first-of-its-kind amenity space, known as The Playground , for employees to be located at 375 Park Avenue. Head of Marketing and Design Development Sheldon Werdiger told Yahoo Finance that the industry is where it is going. It's going to become the norm. Amenity used to be a clich We don't like working with clich s, we want to do something that is outstanding, that is different. From the moment you walk into the expansive space,...
Updated: 09/25/2022
Dollar surges after new stimulus package announced
After the British pound GBPUSD X was whacked, the NYB screamed higher Friday after British authorities introduced a new stimulus package that included new spending and tax cuts. After the British pound GBPUSD X was whacked, the NYB screamed higher Friday after British authorities introduced a new stimulus package that included new spending and tax cuts. The issue in the U.K. is the latest catalyst for the ascent of the mighty greenback, which is up more than 17% so far in 2022, the largest year-to-date...
Updated: 09/25/2022
Gold has to be considered a safe haven in this bear market
... discouraged to invest in gold. Should investors hold gold in their portfolios, and if so, how much? This is where fund managers and strategists differ from each other. Jay Hatfield, portfolio manager of the InfraCap Equity Income Fund ICAP ETF , told Yahoo Finance that we don't recommend a fixed allocation to gold unless investors want to speculate on currency rates or have a short-term bull thesis that could cause gold to appreciate. Rob Haworth , senior investment strategist at the U.S. bank wealth management,...
Updated: 09/25/2022
'Petronoia' in the coming years, analyst warns
... energy costs could be different in the coming years, according to an oil analyst. Oil prices plunged on Friday, but energy costs could be different in the coming years, according to an oil analyst. Tom Kloza , Global Head of Energy Analysis , told Yahoo Finance Live that the energy transition is going to be a big deal, and it is going to be the next few years of pain. Russia's invasion of Ukraine has kept oil and other energy costs at historically elevated levels as Europe is forced to dislodge its dependence ...
Updated: 09/25/2022
Home sales falling through amid inflation, supply chain pushing
... Home sales have been falling through for many sellers since the beginning of the summer, according to one analyst, as many homebuyers are retreating from the housing market. As a senior equity analyst at Wells Fargo Securities, Deepa Raghavan told Yahoo Finance Live that their metrics started going down from June, so many builders will tell you they have seen an inflection in the housing market. We will tell you that the metrics took a turn for the worse in July and August. It feels like cancellation ...
Updated: 09/24/2022
Slack says tech stock valuations are too good for investors to ignore
... and a slowing U.S. economy continue to hammer markets, tech stock valuations have crumbled. Slack founder Stewart Butterfield said that the valuations on great businesses will be too tempting for investors to ignore. The tech industry executive told Yahoo Finance Live that the multiples have probably come down to something that looks pretty reasonable, according to a longtime tech industry executive. Slack was acquired by Salesforce in 2021 for $27.7 billion and has played a starring role in Dreamforce ...
Updated: 09/23/2022
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