Latest News View More New York Fed survey finds mixed inflation expectations in December U.S. consumers' outlook on the expected path of inflation was mixed in December amid rising worries about households' ability to make debt payments, a survey by the New York Federal Reserve showed on Monday. The regional Fed bank said in its latest Survey of Consumer Expectations that respondents see inflation a year from now steady at 3%, while the forecast for price pressures in three years ticked up to 3% from 2.6% in November and ebbed to 2.7% on a five-year timeframe from the prior month's 2.9% reading. It also found that uncertainty over the inflation outlook increased at the one- and three-year-ahead horizons but fell at the five-year perspective. Reuters • 9 minutes ago Mason Capital complains about Grifols' transparency to Spanish regulator Goldman Promotes Executives to Run Combined Financing Team T-Mobile to acquire Vistar Media for $600 Million to bolster advertising business Nvidia's biggest customers delaying orders of latest AI racks, the Information reports Lululemon Lifts Q4 Sales, Profit Outlook After Holiday Shopping Season J&J buys Intra-Cellular in $14.6 billion deal, delving further into central nervous system disorders Stock Market News View More Howard Hughes Stock Pops on Billionaire Bill Ackman's $85 Per Share Offer Billionaire Bill Ackman’s investment vehicle Pershing Square has offered to buy the remainder of real estate developer Howard Hughes for $85 per share, driving its stock higher. Investopedia • 52 minutes ago Nvidia stock falls after Biden administration releases updated export rule for AI chips Treasuries Selloff Ripples Through World Markets After Jobs Data Winter weather helps market stabilize after holidays The Nasdaq and the S&P 500 slump as Biden's new AI rules rattle Nvidia and other tech stocks Which geographical markets should private banking be looking at in 2025? Sage Therapeutics Stock Soars as Biogen Makes Unsolicited Takeover Bid Earnings View More What Wall Street Analysts Think of Goldman Sachs Stock Ahead of Earnings Goldman Sachs is set to report fourth-quarter results before the market opens Wednesday, with analysts expecting revenue and net interest income growth. Investopedia • 6 hours ago Q3 Earnings Highs And Lows: Lincoln Educational (NASDAQ:LINC) Vs The Rest Of The Education Services Stocks Unpacking Q3 Earnings: J. M. Smucker (NYSE:SJM) In The Context Of Other Shelf-Stable Food Stocks Skillz (SKLZ): Buy, Sell, or Hold Post Q3 Earnings? Reflecting On Leisure Facilities Stocks’ Q3 Earnings: Topgolf Callaway (NYSE:MODG) Academy Sports (ASO): Buy, Sell, or Hold Post Q3 Earnings? Q2 Earnings Highs And Lows: Cracker Barrel (NASDAQ:CBRL) Vs The Rest Of The Sit-Down Dining Stocks S&P 500 slips with inflation data, earnings ahead this week: Yahoo Finance The S&P 500 and Nasdaq (^GSPC, ^IXIC) are declining Monday morning. The move comes ahead of a busy week for Wall Street, one that includes fresh inflation data and earnings reports from the nation’s largest banks, including JPMorgan Chase (JPM), Citigroup (C), and Bank of America (BAC). Trending tickers on Yahoo Finance include Walgreens Boots Alliance (WBA), Tesla (TSLA), and Nvidia (NVDA). Key guests include:9:05 a.m. ET - Sam Stovall, CFRA Research Chief Investment Strategist and Kathy Bostjancic, Nationwide Chief Economist & Senior Vice President9:45 a.m. ET - Gerard Cassidy, RBC Capital Markets Analyst10:30 a.m. ET - Richard Francis, Teva Pharmaceuticals CEO10:40 a.m. ET - Paul Krugman, Nobel Laureate in Economics & Author of the substack "Krugman Wonks Out"11:10 a.m. ET - Heather Knight, Fidelity Investments, Vice President, National Brokerage Coach 01:42 China hits record $1T trade surplus: Chart of the Day 04:42 Inflation pressures continue ahead of CPI and PPI prints 01:25 Lululemon and Macy's give Q4 sales updates 01:57 Moderna stock plunges on sales forecast cut From the Yahoo Finance Newsroom View More Google's next big bet: Taking drone deliveries mainstream Elizabeth Warren has more than 180 questions for Trump Treasury pick Scott Bessent The optimism over US banks is about to be put to the test Nine once-hot economic metrics that have cooled off Top plays among the 'Magnificent 7' and Big Tech stocks as Trump returns to the White House Author unpacks the meaning of 'true wealth' in new book Biden's consumer watchdog is taking a big last-minute risk The blunt truth on Nvidia, the 'Magnificent 7,' and markets Premium News View More Johnson & Johnson Strikes $14.6 Billion Deal to Acquire Intra-Cellular Therapies Cryptocurrencies Slip as Analysts Expect Fed to Pause Rate Cut Cycle Amid Latest Jobs Data WD-40 Affirms Full-Year Outlook as Fiscal First-Quarter Results Rise Stocks Decline Pre-Bell as Investors Await Key Inflation Data, Big Bank Earnings; Asia, Europe Down UK companies plan to invest in AI instead of hiring staff as costs rise House of Huawei — inside China’s ‘most powerful company’ Will Meta's Olive Branch Hurt TikTok? Mark Zuckerberg Says Corporate World is ‘Culturally Neutered’ Housing View More Swedish real estate group SBB says creditor drops lawsuit California homeowners insurance market tested as fires rage US 30-year fixed-rate mortgage rate hovers just under 7% Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increase Mortgage rates jump again, approaching 7% barrier Ally to End Mortgage Originations, Cut Jobs Across Company US 30-Year Mortgage Rate Just Shy of 7% Weighs on Home Purchases Risky UK Mortgage Bonds Face Cash Flow Pressure on Arrears Personal Finance Best money market account rates today: January 13, 2025 (earn up to 4.85% APY) Yahoo Personal Finance • 5 hours ago Mortgage and refinance rates today, January 13, 2025: Inflation could push rates higher Savings interest rates today, January 13, 2025 (Top rate at 4.75% APY) Tech iPhone Sales Drop 5% in Holiday Quarter After AI Disappoints Bloomberg • 1 hour ago AAPL -2.57% Sonos CEO Leaving After Botched App Revamp Led to Customer Revolt Exclusive: Tech supplier Arm plans to hike prices, has considered developing its own chips Crypto Crypto ETPs Gain $47 Million as Bitcoin Experiences Sell-Off CoinMarketCap • 52 minutes ago Jamie Dimon says Bitcoin has 'no intrinsic value' Bitcoin falls below $92,000 as crypto's Trump boost goes backwards More News Capital Gains Taxes Around the Globe: What Diversified Investors Should Know Currently, the top U.S. capital gains tax rate applied to assets held more a year is 20%. This is well below the world's highest capital gains tax rate of 42% levied by Norway, but somewhat above the average of European countries. China's maximum long-term capital gains tax on individuals is the same as the U.S […] The post Thinking of Investing Abroad? Compare Capital Gains Taxes Worldwide First appeared first on SmartReads by SmartAsset. ExxonMobil Expects Its Profits to Fall. Time to Buy the Oil Stock on the Dip? ExxonMobil (NYSE: XOM) is the oil industry's leader by almost every important metric, including profitability. The oil giant produced a peer-leading $8.6 billion in profits during the third quarter and a monster $17.6 billion of cash flow from operations, which also led international oil companies. Here's a look at whether that's a concern or investors should buy the oil stock on its profit dip. A Bond Selloff Is Rocking the World. You Might Want to Take the Other Side. Wall Street is really worried about bonds. What is spooking markets, however, is that much of the recent rise in yields doesn’t appear to reflect expectations of stronger economic growth. Rather, it might be the result of investors applying a higher discount or “term premium” to hold long-term bonds, estimates by the Federal Reserve suggest. India's TCS expects retail, manufacturing revival after banking recovery India's Tata Consultancy Services expects its retail and manufacturing clients in North America to step up spending on tech, following a similar upturn in its banking and financial services segment, a top executive of the nation's No. 1 software-services exporter, said. "We have heard about good holiday season sales (in the U.S.) that should boost consumer sentiment and manufacturing has some of the labour issues behind them," CFO Samir Seksaria told Reuters. Seksaria's cautious optimism highlights broader global economic uncertainties and sticky inflation that have forced clients to keep a leash on tech spending. Daily Spotlight: Global Stocks Priced at Discount to U.S. Stocks As worldwide markets are challenged in an environment of higher interest rates, ongoing conflict in the Middle East, and the lingering battle between Russia and Ukraine, one thing has not changed: U.S. stocks are more expensive than global stocks. And with the large run-up in stock prices in 2023 and 2024, U.S. stocks have become even more expensive. Consider P/E ratios. The trailing P/E ratio on the S&P 500 is 28, above the global average of 16 and well above the 8-14 average P/Es for emerging markets stocks in China and Latin America. A review of yields tells a similar story. The current dividend yield for the S&P 500 is 1.2%, versus the global average of 2.8% and European, Australian, and Latin American yields of 3%-6%. Other nations with higher-than-average P/E ratios include Australia (based on prospects for a Chinese recovery), Saudi Arabia (due to its energy holdings), and Canada (despite the risk of tariffs). Taking a step back, a few reasons that investors generally are willing to pay a higher price for North American securities include the transparency of the U.S. financial system as well as the liquidity of U.S. markets. What's more, global returns can be volatile across individual countries, given currency, security, political, and geopolitical risks. Indeed, U.S. stocks (ETF SPY) have outperformed EAFE (ETF EFA) over the past year as well as over the past five years. Even so, we recommend that growth investors have approximately 5%-10% of their equity allocations in international stocks to take advantage of the value, and we have been adding global stocks to our Universe of Coverage. Big Biotech Fund Loads Up on a Stock That Surged in 2024, and a Loser EcoR1 bought more shares of Zymeworks and AnaptysBio, and remains the largest investor in both companies. The Incredible Growing Stock Market The U.S. market is now four times bigger than the next largest market, up from two times bigger in 2008. Inflation, earnings will rock markets this week as S&P 500 staggers Stocks have come off two big years but are starting to confront new pressures, including a new administration. Here's what ahead this week. There Is a Safety Valve for Private Home Insurance in California A segment of the property-insurance market has shifted away from standard policies toward more bespoke offerings from insurers. Technical Assessment: Bullish in the Intermediate-Term The stock market had another tough week, as all the major indices closed Friday at both daily and weekly lows. So far, the price damage generally has been minimal, with the S&P 500 (SPX) down 4.3% from its December 6 closing high, the Nasdaq off 5% from its December 16 high, the Nasdaq 100 (QQQ) 5.6% below its December 16 high, the S&P MidCap 400 dropping 8.5% since its November 25 high, and the S&P SmallCap 600 (again seeing the worst of the pullback) declining 10.5% from its November 25 closing high. The SPX closed at important intermediate-term support from its 21-week exponential moving average (EMA), which sits at 5,816. The index has not closed below its 21-week EMA since October 2023, and that lasted only two weeks. The weekly Parabolic SAR (a time- and price-based system) turned bearish a few weeks ago for the first time since the last pullback, which started in July 2024. The SPX has seen a slight break of its weekly middle Bollinger Band, as the lower band is down in the 5,500 area. The cumulative number of new NYSE highs minus new lows has rolled over and is not far from breaking its 50-day average, a reliable sell signal. Breadth continues to fall into uncomfortable territory, as 51% of SPX stocks are above their 200-day average, not far from the 45% danger zone. For the S&P 100, the reading is above 56%, while the Nasdaq 100 is at 55%. The weekly NYSE-Hayes High-Low Signal is warning of more downside. With Friday's SPX close below 5,869, we could see a very important test of the last major breakout level near 5,650. (Mark Arbeter, CMT)
