• Sep 30, 2024

Load Up on These 12%-Plus-Yielding Dividend Stocks, Says Wells Fargo

The Federal Reserve has officially started its rate-cutting cycle. On September 18, the central bank made a more aggressive move than anticipated, slashing the key funds rate by half a percent. This hawkish decision is projected to relieve some pressure on consumers, potentially leading to lower credit card and mortgage rates. While most experts had predicted a rate cut, the consensus expected a more modest quarter-percent reduction. The larger cut shows that the Fed is upbeat on inflation. The

• Sep 30, 2024

China stocks surge in biggest single-day rally since 2008 on stimulus cheer

SHANGHAI/SINGAPORE (Reuters) -Chinese stocks swept to their biggest single-day gains in 16 years on Monday, with domestic A-shares registering their highest ever turnover, as investors scrambled to join a searing rally sparked by Beijing's latest raft of stimulus measures. That took its five-day gains since last Tuesday, when Beijing began rolling out stimulus measures to arrest a slowdown in the broader economy, to 21.4%, the strongest since 1996. It was also the best single-day percentage gain for both the CSI and SSEC indexes since 2008.

• Sep 30, 2024

Global markets get bumpy ride, as Japan's stocks slump while Chinese markets soar

Global markets had a wild start to the week, with Tokyo’s Nikkei 225 index tumbling nearly 5% while Chinese markets soared on news of fresh stimulus for the faltering economy, with Shanghai up more than 8%. In early European trading, France’s CAC 40 slipped 1.0% to 7,711.66, and Germany’s DAX lost 0.4% to 19,399.02. Japanese shares sank after the ruling Liberal Democrats chose former Defense Minister Shigeru Ishiba late Friday to succeed Prime Minister Fumio Kishida, who is due to step down on Tuesday.

• Sep 30, 2024

South African Stocks Tipped to Extend Record-Setting Rally

(Bloomberg) -- South African stocks are having their strongest third quarter for 11 years and investors see the gains extending.Most Read from BloombergA 7,000-Year-Old City Emerges as a Haven from Dubai’s Sky-High RentsClimate Migrants Stand to Overwhelm World’s MegacitiesNew Rowhouses in London That Offer a Bridge to the 19th CenturyVanderbilt Leases Struggling NYC Seminary for Campus ExpansionNJ Transit, Amtrak Trains Delayed After Derailment Near NYCThe FTSE/JSE Africa All Share Index is up

• Sep 30, 2024

Stellantis warns on profit, citing global markets, Chinese competition

PARIS (Reuters) -Stellantis NV on Monday slashed its annual forecasts and said it would burn through more cash than expected, citing worsening trends in the industry, higher costs to overhaul its U.S. business and Chinese competition on electric vehicles. In warning about lower than expected profits, Stellantis joins rivals BMW, Mercedes and Volkswagen, which only days ago cut its annual outlook for the second time in three months. British luxury carmaker Aston Martin also issued a full-year profit warning on Monday citing supply chain disruptions and weakness in China.

• Sep 30, 2024

Chinese investors rush into stocks for fear of missing out on epic rally

Animal spirits are back in China's stock market as investors rush into equities, galvanized by Beijing's policy bonanza and driven by fear of missing out on what some see as a rally of historic intensity. Brokerages are bustling with retail clients and a burst of orders is jamming trading systems as investors rotate money out of bonds and deposits into stocks, leading to an explosion in stock turnover and a jump in yields. "Deposit rates are too low, and real estate investment is no longer safe," said 30-year-old office worker Darren Wang, who started buying stocks using borrowed money.

• Sep 30, 2024

Market-Boosting Moves in US, China Yet to Convince Economists

(Bloomberg) -- A stronger-than-expected pivot to stimulus in the world’s two biggest economies has brightened the market outlook. For economists, the jury is still out. Most Read from BloombergA 7,000-Year-Old City Emerges as a Haven from Dubai’s Sky-High RentsClimate Migrants Stand to Overwhelm World’s MegacitiesNew Rowhouses in London That Offer a Bridge to the 19th CenturyVanderbilt Leases Struggling NYC Seminary for Campus ExpansionNJ Transit, Amtrak Trains Delayed After Derailment Near NYCC

• Sep 29, 2024

Hedging Goes Out the Door With Burst of China Stocks Euphoria

(Bloomberg) -- When it comes to Chinese equities, the dominant feeling has turned to optimism. Most Read from BloombergA 7,000-Year-Old City Emerges as a Haven from Dubai’s Sky-High RentsClimate Migrants Stand to Overwhelm World’s MegacitiesNew Rowhouses in London That Offer a Bridge to the 19th CenturyVanderbilt Leases Struggling NYC Seminary for Campus ExpansionNJ Transit, Amtrak Trains Delayed After Derailment Near NYCThe nation’s bazooka stimulus announced last week has pushed a gauge of Chi

• Sep 29, 2024

Nike earnings, jobs numbers, and a big crypto event: What to watch in the markets this week

The stock market ended last week on a high note, wrapping up the quarter with a sense of optimism. This positive momentum is largely fueled by expectations that the Federal Reserve’s recent interest rate cut will boost economic activity and set the stage for a stronger performance in the new quarter. With the presidential election approaching in November, investors are increasingly focused on how the political landscape may influence market movements.

• Sep 28, 2024

If You Invested $1000 In Bitcoin, Dogecoin, And Shiba Inu Exactly A Year Ago, This Crypto Would Give You The Best Returns Today

The cryptocurrency market surged Thursday, extending the rise sparked by the Federal Reserve’s first interest rate cut in more than four years. The rally was spearheaded by popular dog-themed memecoin Shiba Inu, which spiked more than 20% in the last 24 hours, touching levels not seen since mid-June. Don’t Miss: 1 in 4 Americans own a share of Bitcoin according to NASDAQ, how many people got started through this free crypto faucet? If you invested $100 in DOGE when Elon Musk first tweeted about