Sydney Harbour and the skyline of the central business district (CBD) in Sydney, Australia, on Tuesday, April 29, 2025. Bloomberg | Bloomberg | Getty Images Hong Kong’s Hang Seng index led declines in Asia-Pacific markets Thursday, falling over 2%, as investors weighed the U.S. Federal Reserve’s decision to keep interest rates steady, while the ongoing…
Hard economic data is pouring rain on the market’s march back to record levels. Numbers out Tuesday showed retail sales declined 0.9% in May , more than the expected 0.6% slide. Data released Wednesday didn’t help either. Housing starts fell to an annual rate of 1.265 million in May, well below a Dow Jones estimate…
The Club’s 10 things to watch Wednesday, June 18 — Today’s newsletter was written by Zev Fima, the Investing Club’s portfolio analyst 1. We’re on pace for a slightly higher open this morning as investors monitor the latest in the Israel-Iran conflict and gear up for Fed Chair Jerome Powell’s post-meeting press conference this afternoon….
US President Donald Trump and Indian Prime Minister Narendra Modi hold a joint press conference in the East Room of the White House in Washington, DC, on February 13, 2025. Andrew Caballero-Reynolds | Afp | Getty Images Indian Prime Minister Narendra Modi used his first conversation with U.S. President Donald Trump since the early May…
Household ownership of the U.S. stock market is near a record, but that could be a worrisome development, according to Ned Davis Research. Individual investors are the largest owner of stocks, having allocated roughly 48% of their assets to equities in the first quarter, analyst London Stockton said in a note. The comeback rally of…
U.S. or Israeli military action that leads to regime change in OPEC member Iran would have a profound impact on the global oil market, according to JPMorgan. “If history serves as a guide, further destabilization of Iran could lead to significantly higher oil prices sustained over extended periods,” Natasha Kaneva, head of global commodities research…
Wednesday’s Federal Reserve update kept intact a key interest rate projection that Wall Street was looking for, but it also raised concern about deeper structural problems for the U.S. economy. The official forecast from Fed officials still pointed to two interest rate cuts in 2025. But Fed officials also lowered the outlook for economic growth…
Huge waiting lines are seen in front of jewelry retailer stores at Yu Garden in Shanghai, China, on May 17, 2025, as the city offers consumption vouchers to stimulate consumer spending. Nurphoto | Nurphoto | Getty Images China’s retail sales in May grew at their fastest rate since late 2023, data from National Bureau of…
TD Cowen sees a bright future ahead for fashion giant Tapestry . The investment bank upgraded Tapestry — the parent of Coach and Kate Spade New York — to a buy rating from hold. Analyst Oliver Chen also lifted his price target 11%, to $100 from $90. Shares of Tapestry have surged 25% this year…
U.S. Treasury Secretary Scott Bessent (center) at Lancaster House in London, U.K., on Monday, June 9, 2025. Chris Ratcliffe | Bloomberg | Getty Images Trade negotiators from the U.S. and China have met in London, and talks are expected to continue Tuesday, a source familiar with the situation told CNBC’s Megan Casella. At the top…