DIRS.INFO The most relevant business & tech news

☆ Stock market today: US stocks fall ahead of Fed decision
▼ + stars: | 2024-05-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Markets are widely expecting the Fed to keep interest rates unchanged. The outlook for rate cuts this year continues to sour, with traders pricing in just one or two cuts by December. AdvertisementUS stocks were mostly lower on Wednesday as traders waited for the Federal Reserve to announce its next move on interest rates. Investors have also dialed back their outlook for rate cuts throughout the year. At Wednesday's meeting, market watchers expect Powell to formally confirm this shift from the FOMC, which had previously forecast three rate cuts this year," Alex Kuptsikevich, a senior market analyst at FxPro said in a note.

Persons: Stocks, —, Richard Flynn, Charles Schwab, Powell, Alex Kuptsikevich, FxPro Organizations: Service, Federal Reserve, Open Markets, Traders

Warnock said some of the “salacious” allegations in Hall's declaration have nothing to do with what was being discussed in court Thursday. The lawsuit contends that Hall opened an arbitration process on Nov. 9 against Oates and the other defendants in the lawsuit, Oates’ wife, Aimee Oates, as well as Richard Flynn, in their roles as co-trustees of Oates’ trust. Hall was seeking an order preventing them from selling their part in Whole Oats Enterprises to Primary Wave Music. Primary Wave has already owned “significant interest” in Hall and Oates’ song catalog for more than 15 years. Additionally, Hall said in his declaration he would not approve such a sale and doesn’t agree with Primary Wave’s business model.

Persons: Daryl Hall, John Oates, Oates, Chancellor Russell Perkins, Hall, ″ Christine Lepera, hasn't, that’s, ” Lepera, Tim Warnock, Hall's, Mr, ” Warnock, —, Oates blindsided, Warnock, “, Aimee Oates, Richard Flynn, Oates ’ Organizations: Oats Enterprises, Investment Management LLC, Oates, Hall Locations: Tenn, Nashville, U.S, Japan, Hall

“While falsely contending over the last several months that the Oates Trust wanted to maintain ownership in WOE, John Oates and the Co-Trustees engaged in the ultimate partnership betrayal," Hall said in a declaration. The lawsuit contends that Hall opened an arbitration process on Nov. 9 against Oates and the other defendants in the lawsuit, Oates’ wife, Aimee Oates, and Richard Flynn, in their roles as co-trustees of Oates’ trust. Primary Wave has already owned “significant interest” in Hall and Oates’ song catalog for more than 15 years. “I am deeply troubled by the deterioration of my relationship with, and trust in, John Oates,” Hall said in the declaration. Hall & Oates was inducted into the Rock & Roll Hall of Fame in 2014 and its latest album, “Home for Christmas,” was released in 2006.

Persons: Daryl Hall, John Oates, Oates, Hall, “, Derek Crownover, ”, Aimee Oates, Richard Flynn, Oates ’, ” Hall, he's, ” Oates, it’s Organizations: Oates, Oats Enterprises, Investment Management, Oates Trust, Oates Enterprises, Temple University, Atlantic Records, Roll Hall of Fame, Associated Press Locations: Tenn, Nashville, Hall, U.S, Japan

☆ Global stocks jump and dollar slumps after weak U.S. jobs data
▼ + stars: | 2023-11-03 | by ( Harry Robertson | ) www.reuters.com time to read: +3 min

The dollar tumbled after the data, which showed that the U.S. nonfarm payrolls rose by 150,000 in October, lower than the 180,000 predicted and September's downwardly revised 297,000 figure. MSCI's index of world stocks (.MIWD00000PUS) was last up 0.45%, having traded roughly 0.26% higher before the data. It was on track to finish the week 4.5% higher, which would be the largest weekly rise since November 2022. It traded 0.29% lower at 105.89 before the data. Reuters Graphics"Investors will interpret today’s jobs weak jobs report as a sign that demand is slowing in the labour market," said Richard Flynn, managing director at Charles Schwab UK, in emailed comments.

Persons: Androniki, nonfarm, September's downwardly, Richard Flynn, Charles Schwab, BoE, Samuel Zief, Brent, Harry Robertson, Jacqueline Wong, Miral Fahmy, Mark Heinrich, Alison Williams Organizations: Nikkei, REUTERS, Companies, Federal Reserve, Bank of England, Reuters Graphics, Treasury, JPMorgan Private Bank, U.S . Treasury, Thomson Locations: Tokyo, Japan, U.S, Israel

☆ S&P 500, Nasdaq futures rise in run-up to Fed rate verdict
▼ + stars: | 2023-06-14 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

(Reuters) -The S&P 500 and Nasdaq futures edged higher on Wednesday as investors overwhelmingly expect the Federal Reserve to pause its monetary tightening campaign later in the day. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 5, 2023. U.S. stocks have rallied in recent weeks, pushing the benchmark S&P 500 and Nasdaq to 14-month highs, boosted by signs of economic resilience, an upbeat earnings season and hopes that interest rates were near their peak. ET, Dow e-minis were down 42 points, or 0.12%, S&P 500 e-minis were up 7 points, or 0.16%, and Nasdaq 100 e-minis were up 17.75 points, or 0.12%. Tesla Inc added 2.0% as the electric-vehicle maker slightly increased the price of its Model Y car in the United States.

Persons: Brendan McDermid, ”, Richard Flynn, Charles Schwab, Jerome, Humana Organizations: Reuters, Federal Reserve, New York Stock Exchange, REUTERS, Traders, Nasdaq, Dow e, Services, Tesla, United Health Group, CVS Health Locations: New York City, U.S, United States

Separately, the Commerce Department said gross domestic product (GDP) increased at an annualized rate of 2.9% in the fourth quarter, above expectations of a 2.6% rise. "It's clear the economy remains relatively strong in the face of the Fed's efforts, suggesting they're succeeding." Growth stocks have been on a winning spree in January, with the S&P 500 Growth index (.IGX) recouping more than half of the losses logged last month. Keeping a lid on gains for Dow e-minis was chemical firm Dow Inc (DOW.N) that slid 3.3% after it missed Wall Street estimates for quarterly profit, hurt by higher energy costs, weaker demand and supply chain disruptions. ET, Dow e-minis were up 81 points, or 0.24%, S&P 500 e-minis were up 22.25 points, or 0.55%, and Nasdaq 100 e-minis were up 121.75 points, or 1.03%.

Tesla jumped 10.1%, boosting the S&P 500 consumer discretionary sector index (.SPLRCD). Battered growth stocks have been gaining in January, with the S&P 500 Growth index (.IGX) recouping more than half of the losses logged last month. So far, 126 companies in the S&P 500 have reported fourth-quarter earnings, with 69% topping consensus estimates which is below the average of the past four quarters at 76%, according to Refinitiv. Analysts now see aggregate S&P 500 earnings dropping 2.7% year-on-year. The S&P index recorded 19 new 52-week highs and no new low, while the Nasdaq recorded 63 new highs and 11 new lows.

Search resuls for: "Richard Flynn"

7 mentions found