U.S. Bond Yields Drop, Boosting Global Stocks
Category: Stocks Total Views: 207By : Henry Turner Updated: 07-23-2024
Global Stocks Rise as U.S. Bond Yields Drop
As U.S. bond yields dropped, global stocks climbed to indicate a change in market mood. Key economic numbers and many company earnings reports are much awaited by investors. The market was not much affected by the decision of U.S. President Joe Biden to drop his reelection campaign. Rather, the emphasis is on forthcoming income as well as economic data. The benchmark U.S. 10-year note yield dropped 3.5 basis points to equal 4.225%. Usual... Read More
Elliott and Starbucks Hold Private Discussions for Change
Category: Stocks Total Views: 71By : Evelyn Baker Updated: 07-21-2024
Elliott Investment Management Takes Significant Stake in Starbucks
Elliott Investment Management lately took a sizable stake in Starbucks. Now, the activist investor is mostly interested in raising the stock performance of the coffee chain. Sources familiar with the matter revealed that Elliott and Starbucks are having continuous talks. Elliott is well-known for urging corporate changes meant to improve shareholder value. This action follows Starbucks' 23% stock drop during th... Read More
Berkshire Hathaway Hits Record High Share Price
Category: Stocks Total Views: 78By : Henry Turner Updated: 07-15-2024
Berkshire Hathaway Shares Reach Record High
Monday's new record high for Berkshire Hathaway's share price reflects investors' great confidence in the business. This boom emphasizes how well the market sees Warren Buffett's leadership. The climb is evidence of the company's strong business plan. Viewed by some as a microcosm of the larger American economy, Berkshire is Its varied portfolio's consistent performance helps to explain this impression. The record... Read More
Macy's Ends Buyout Talks, Prioritizes Turnaround Strategy
Category: Stocks Total Views: 129By : Dominic Sanders Updated: 07-15-2024
Macy's Ends Buyout Talks with Arkhouse Management and Brigade Capital
Macy stopped talking with an investor group including Brigade Capital and Arkhouse Management. The group had put out a $6.9 billion acquisition offer, which Macy's said lacked convincing value. Furthermore unclear were the buyout's funding source. This choice put an end to months-long private search for Macy's. Twice the investor group changed their offer, valuing Macy's at $6.86 billion in t... Read More
Big Tech Stocks vs. Small Caps: Investment Choices Ahead
Category: Stocks Total Views: 128By : Owen Jenkins Updated: 07-13-2024
Interest Rate Cuts: A Fork in the Road for Investors
Rising U.S. interest rate cuts force investors with difficult decisions. They must decide whether to keep with Big Tech stocks or venture into less-loved sectors of the market. Investing in large tech companies including Nvidia, Microsoft, and Amazon has been quite profitable starting early 2023. But the low inflation data recently has raised hopes for a Federal Reserve rate cut near term. Many industry sectors that have lagged ... Read More