Sure, maybe AI enthusiasm is creating a stock market bubble. But if the Federal Reserve is set to continue slashing rates, one might be tempted to ask: so what? In other words, even with valuations elevated, the old maxim of “don’t fight the Fed” may prove to be prudent advice in the near term. When…
Netflix (NFLX) shares rose about 3% on Thursday after the streamer announced it had doubled its overall ad commitments during this year’s US Upfront and finalized deals with all major holding companies and independent agencies. Amy Reinhard, president of Netflix advertising, said the results were in line with expectations, with brands eager to align with…
Netflix (NFLX) shares rose about 3% on Thursday after the streamer announced it had doubled its overall ad commitments during this year’s US Upfront and finalized deals with all major holding companies and independent agencies. Amy Reinhard, president of Netflix advertising, said the results were in line with expectations, with brands eager to align with…
For Rick Rieder, the stock market has never looked so good. The chief investment officer of global fixed income at BlackRock says he thinks the market has emerged into the “best investing environment ever,” thanks to a cluster of factors that are setting up a bullish backdrop for equities. Rieder’s ultra-bullish view isn’t shared by…
The stock market rallied on the latest inflation report. The S&P 500 closed at a record high on Tuesday, while the Nasdaq rose over 1% and the Dow spiked nearly 500 points. The benchmark S&P 500 is up almost 10% year-to-date. Here’s where US indexes stood at the 4 p.m. ET closing bell on Tuesday:…
Higher prices offset a drop in the number of items per shop at Ocado’s retail joint venture with Marks & Spencer. Ocado Retail reported a 16.3 per cent rise in revenue to £1.5 billion in the six months to June 24, driven by improved marketing efforts and a broader range of M&S products. Although the…
The FTSE 100 nosed back above 8,800 points this morning, gilt yields fell and the pound recovered some of its losses from yesterday’s flash sell-off. London’s premier index was up 33 points in morning trading, led by a 2.6 per cent rebound for Convatec, the wound-care specialist whose core US market has been rattled by…
Key moments Wage growth slows, and the unemployment rate rises Thames Water’s senior creditors submit a £5 billion rescue plan Asian shares buoyed as US-China trade talks continue for a second day in London Wage growth cools and jobless rate rises to 4.6% UK wage growth slowed in the three months to April and unemployment…