Новости за 06.03.2023

Retailers have seen a pullback in discretionary spending this earnings season.

A modest U.S. stock-market recovery from last year’s carnage will be again put to the test this week, as investors closely watch Powell’s testimony to Congress for clues to whether the recent market discussion of interest rates going “higher for longer” is justified.

Renewables capacity must triple by 2030, Sultan al-Jaber, head of the UAE's energy giant and president-designate for its upcoming U.N. COP28, tells CERAWeek.

As he unveils his proposed budget Thursday in Pennsylvania, President Biden looks set to call for increasing some taxes and bolstering Medicare.

The Big 3 stock market indexes are all rising, but market internals are showing that the market of stocks is actually declining, led by smaller capitalization stocks. The number of declining stocks is outnumbering advancers by 1,859 to 1,059 on the New York Stock Exchange (NYSE) and by 2,762 to 1,377 on the Nasdaq exchange. And volume in declining stocks made up 61.3% of total volume on the Big Board and 58.2% of total volume on the Nasdaq. Meanwhile, the Dow Jones Industrial Average DJIA was up 19 points... Читать дальше...

An uptick for wholesale used-car prices in February has put retail used-car buyers on notice just as the market is seasonally strong, buoyed by tax-return checks.

Crude-oil prices settled higher on Monday, shaking off concerns over the energy demand outlook. The Chinese government on Sunday set this year’s economic growth target at around 5%. Michael Hewson, chief market analyst at CMC Markets UK, referred to the target as “unambitious,” and said it led to early Monday losses for oil. However, oil prices settled higher for the session. Saudi Aramco raised the official selling price for Arab light crude oil for Asia and if “Saudi Arabia feels confident enough to raise prices to China... Читать дальше...

Exchange-traded funds that buy Chinese stocks were trading down Monday after China announced at its annual legislative session over the weekend a growth target near the low end of market expectations.

GE's stock rallied Monday after JPMorgan's longtime skeptic Stephen Tusa handed coverage over to two colleagues, who raised the price target by 76%.

Apple's stock rallied toward a third straight gain after a Goldman analyst recommended that investors buy, given the stock's nearly 30% upside.

Letter backed by 1,400 customers charges Vanguard with 'breach of fiduciary duty' and lagging the financial-services industry when it comes to climate and ESG.

Kenvue Inc., the consumer products spinoff from Johnson & Johnson JNJ, has grown the roster of banks underwriting its initial public offering beyond the two original leads . Goldman Sachs & Co. LLC and JP Morgan, according to a filing on Friday. The new banks include BofA Securities, Citigroup, Deutsche Bank Securities, BNP Paribas, HSBC, RBC Capital Markets, UBS Investment Bank, BBVA, ING, IMI-Intesa Sanpaolo, Santander, UniCredit Capital Markets; Academy Securities, Independence Point Securities, Ramirez & Co. Читать дальше...

JetBlue Airways Corp. JBLU is bracing for the Justice Department to try to block the airline’s planned takeover of Spirit Airlines Inc. SAVE in the coming days, JetBlue’s chief executive told the Wall Street Journal. “My expectation is that we will get sued by the DOJ this week,” JetBlue CEO Robin Hayes told the Journal. JetBlue is prepared to contest a DOJ lawsuit in court, he said. The airlines argue that merging will increase instead of undermine competition.

Twitter appeared to be showing signs of wear Monday, with images unable to be posted and links from the social-media service not connecting to their desired location, but the platform said less than an hour later . A tweet from the platform’s support account reported that parts of the service could be offline. Just after noon Eastern, Twitter Support tweeted “Some parts of Twitter may not be working as expected right now. We made an internal change that had some unintended consequences. We’re... Читать дальше...

Gold futures settled unchanged on Monday after posting a gain last week. Investors await Federal Reserve Chairman Jerome Powell’s testimony to the Senate Banking Committee on Tuesday and House Financial Services panel Wednesday for hints on the central bank’s path for interest rates. Gold for April delivery GCJ23 settled at $1,854.60 an ounce on Comex. Prices rose nearly 2.1% last week to mark their first weekly rise in five weeks, according to Dow Jones Market Data.

SEC files an emergency action on Monday against BKCoin Management LLC and one of its principals, Kevin Kang, alleging a crypto-asset fraud scheme.

The brand is changing its packaging to comply with a law about 'Swissness.'

Radio and streaming platform Sirius XM Holdings Inc. says it will lay off 8% of its workforce, or 475 positions, across nearly all departments.

Twitter appeared to be showing signs of wear Monday, with images unable to be posted and links from the social-media service not connecting to their desired location. A tweet from the platform’s support account reported that parts of the service could be offline. Just after noon Eastern, Twitter Support tweeted “Some parts of Twitter may not be working as expected right now. We made an internal change that had some unintended consequences. We’re working on this now and will share an update when... Читать дальше...

Investors should be cautious as valuations in U.S. stocks have climbed back to levels as high as when the 2022 bear market began, according to Morgan Stanley Wealth Management.

20 dividend stocks that the numbers say could become elite 'Aristocrats'

Shares of Paramount Global PARA jumped 0.6% in midday trading, reversing an earlier loss of as much as 0.7%, after The Wall Street Journal reported that the mass media company was looking into selling a majority stake in its BET Media Group. Citing people familiar with the matter, the WSJ report said Paramount was looking to boost its finances by selling off the bulk of BET Media, which includes the cable TV channels BET and VH1, so it can support its Paramount+ streaming service. Although BET... Читать дальше...

Joe Raedle/Getty ImagesFriday’s nonfarm payrolls report for February is likely to come in way above consensus estimates, reinforcing the trend seen in January’s data, according to a pair of Wall Street firms.Economists at Deutsche Bank DB expect to see a job gain of 300,000, citing February’s mild weather as one likely influence. Aneta Markowska and Thomas Simons, economists at Jefferies JEF, said they foresee a gain of 290,000 for last month. Economists surveyed by The Wall Street Journal, on average... Читать дальше...

The companies that make up the S&P 500 index appear to be running head-on into an earnings recession.

House Speaker Kevin McCarthy plans to meet in California with Taiwan’s president, Tsai Ing-wen, in order to avoid China’s ire, said a Financial Times report on Monday. Last year, then-Speaker Nancy Pelosi’s visit to the self-ruled island claimed by China triggered increased tensions between the U.S. and Beijing.