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An S&P 500 correction, or a possible meltdown in Asian currencies, could be brewing. Here’s why.
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Get ready for more S&P 500 highs, but bigger dips, says faithful S&P 500 bull
The Kobeissi Letter’s Adam Kobeissi has been a faithful and largely accurate bull since the S&P 500’s October lows. He’s still bullish but says get ready for some choppiness.MarketWatch - Business -
S&P 500 Pushes Past Previous Record After Inflation Report
Investors seized on the latest inflation report as another sign that interest rates could be cut his year, helping push the S&P 500 past its March record.The New York Times - Top stories -
Traders were bullish, lifting the S&P 500 and Dow by 0.5% and 0.3%, respectively, and sending the Nasdaq up 0.8% to a record.
Traders were bullish, lifting the S&P 500 and Dow by 0.5% and 0.3%, respectively, and sending the Nasdaq up 0.8% to a record.The Wall Street Journal - World -
Corrections & Amplifications
Corrections & Amplifications for the edition of May 14, 2024.The Wall Street Journal - World -
A California toss-up seat could help determine control of the House. Asian Americans could steer the vote.
A district in Orange County, California, is set to be one of the most competitive national races in the fight to control the House of Representatives.NBC News - Top stories - California -
The Fed is struggling to break the back of inflation. Here's why.
The Federal Reserve's campaign to snuff out runaway inflation has bogged down this year. Blame housing costs.CBS News - Top stories - Federal Reserve -
Younger Workers Are Rejecting Assignments. Here's Why
A new survey underscores younger workers' desire for purpose-driven work--and why employers should pay attention.Inc. - Business -
Hold my beer…6 emerging cities in the craft brew scene
Why not get off the beaten brewery path and try something new? Many places across the country are emerging as bona fide craft beer hot spots.MarketWatch - Business -
Forget U.S. stocks — UBS says Europe's are a better bet. Here's why
In a bold "U-turn," UBS says European stocks are now more attractive than their U.S. counterparts.CNBC - Business
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GameStop’s meme rally will likely be a series of ‘descending spikes,’ says market-cycles expert
“All of the GameStop rallies have been pretty spiky.”MarketWatch - Business -
Card payments remain a ‘challenge’ for legal cannabis as major banks avoid the sector. Changing classification won’t help.
Standard credit card transactions remain elusive but more financial services firms are moving into the space.MarketWatch - Business -
Get ready for more S&P 500 highs, but bigger dips, says faithful S&P 500 bull
The Kobeissi Letter’s Adam Kobeissi has been a faithful and largely accurate bull since the S&P 500’s October lows. He’s still bullish but says get ready for some choppiness.MarketWatch - Business -
Oil prices hover near 9-week lows as traders await CPI data
Oil futures edged lower Wednesday after ending the previous session at nine-week lows, with traders awaiting a key U.S. inflation reading and official storage data.MarketWatch - Business -
NYCB’s loan sale to JPM praised as ‘important first step’ in turnaround
NYCB’s stock rises 5% in premarket trades after announcing deal to sell loans to JPMorgan Chase.MarketWatch - Business