DIRS.INFO The most relevant business & tech news

☆ Here's how the stock market can build on its best week of the year
▼ + stars: | 2023-11-05 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

These two points blunted anything that Federal Reserve Chairman Jerome Powell had to say and that was all it took to have the best week in the stock market of the year. He's the union president, which contributes to investor ennui given how unions have produced minus signs in the stock market wherever they prey. But yields looked to break out the wrong way for the stock market for certain. We didn't realize that yields could be peaking: 6% was beckoning on the long end of the bond market yield curve. All I can tell you is that the Apple selling last Friday morning was relentless from 4 a.m.

Persons: Jerome Powell, it's, Joe Biden doesn't, Gina Raimondo –, –, Raimondo, Biden, hasn't, ennui, Stanley Druckenmiller, Tim Cook, Luca Maestri, Apple, that's, halcyon, Cramer, Elon, Mary Dillon, haven't, Jim Cramer's, Jim Cramer, Jim, Virginia Sherwood Organizations: Treasury, Federal, Twitter, Mutual, Apple, Phillies, Huawei, Nvidia, Trust, CNBC, Jim Cramer's Charitable, NYSE Locations: Israeli, Gaza, China

Learn moreLooking for the latest on how to watch the Brazil F1 live stream for free? Where to Watch a free Brazil F1 live streamThis weekend's simplest option for a free F1 live stream is using a VPN to tune into one of the free European streams mentioned above. How to watch the Brazil F1 live stream with a VPNSign up for a VPN if you don't have one. Turn it on and set it to a country with a free live stream. How to watch an F1 live stream in the USESPN carries coverage of Formula 1 racing throughout the season, and there's plenty of it left to enjoy.

Persons: we've, Verstappen, Leclerc, Aston Martins, Alonso, Aston, We've, ExpressVPN Organizations: Aston, BBC, RTL, AWST, US ESPN, ESPN Locations: Brazil, Austria, Belgium, Luxembourg, TV's

☆ NBA roundup: Warriors survive close call, edge Thunder
▼ + stars: | 2023-11-04 | by ( ) www.reuters.com time to read: +5 min

Dario Saric added 20 points off the bench for the Warriors, who have won five consecutive games following an opening loss. Malcolm Brogdon added 24 points, 10 assists, seven rebounds and three steals as the Trail Blazers won their third consecutive game. Shaedon Sharpe scored 22 points and Deandre Ayton had 16 points, 12 rebounds and three steals for Portland. Desmond Bane notched 33 points, eight rebounds, seven assists, four steals and three blocked shots as the Grizzlies dropped to 0-6. Jaren Jackson Jr. added 30 points, 10 rebounds and three blocked shots for Memphis, the last winless team in the NBA.

Persons: Stephen Curry, Luguentz Dort, Alonzo Adams, Green, Dario Saric, Shai Gilgeous, Alexander, Jerami Grant, Malcolm Brogdon, Shaedon Sharpe, Deandre Ayton, Desmond Bane, Jaren Jackson, Damian Lillard, Giannis Antetokounmpo, Jae Crowder, MarJon Beauchamp, Brook Lopez, Jalen Brunson, Brunson, Lillard, Myles Turner, Tyrese Haliburton, Donovan Mitchell, Turner, Haliburton, Mitchell, Tyler Herro, Jimmy Butler, Bam Adebayo, Duncan Robinson, Herro, Kyle Kuzma's, Jordan Poole, Nikola Jokic, Michael Porter Jr, Jamal Murray, Aaron Gordon, Luka Doncic, Kyrie Irving, Jason Kidd, Sean Sweeney, Bridges, Dennis Smith Jr, Dorian Finney, Smith, Zach LaVine, DeMar DeRozan, Coby White, Nikola Vucevic Organizations: Golden State Warriors, Oklahoma City Thunder, Paycom Center, USA, NBA, Warriors, Oklahoma City, New Orleans Pelicans, Blazers, Grizzlies, Portland, Memphis, Trail Blazers, Bucks, Knicks, Milwaukee, New, Brook, Pacers, Cavaliers, Indiana, Cleveland, Wizards, Miami, Washington, Nuggets, Mavericks, Denver, Dallas, Nets, Bulls, Chicago, Thomson Locations: Oklahoma City , Oklahoma, USA, Portland, Memphis, New York, Milwaukee, Indianapolis, Haliburton, Washington, Brooklyn

[1/3] A keyboard is placed in front of a displayed OpenAI logo in this illustration taken February 21, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 3 - ChatGPT maker OpenAI is expected to announce product enhancements that will make its AI models cheaper, with more functionality, in its first-ever developer conference on Monday. Generative AI can, using past data, create brand new content like fully formed text, images and software code. OpenAI is expected to announce updates focused on slashing costs for its developers, as well as new vision capabilities, Reuters previously reported. Cost-cutting addresses a major concern for partners whose spending on OpenAI's powerful models could pile up quickly as they try to build sustainable businesses by developing and selling AI software.

Persons: Dado Ruvic, OpenAI, Sam Altman, Altman, Anna Tong, Krystal Hu, Richard Chang Organizations: REUTERS, Microsoft, Reuters, Thomson Locations: San Francisco, City Hall, Francisco's, Silicon

☆ A prudent way to bet on a bounce in Apple following its post-earnings decline
▼ + stars: | 2023-11-03 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +4 min

Apple has kept up with the Nasdaq 100's outperforming year and continues to deliver alpha per the 3 year look back. The tech giant reported $383.29 billion in sales for the full fiscal year, down about 3% from the prior year. Apple recorded $22.31 billion in services revenue, outpacing analyst expectations and increasing more than 16% from a year earlier. Selling a call spread will help me in capturing my view as long as Apple does not move up more than 10% from here. A bear call Spread The option strategy that I will utilize is selling a call spread better known as a bear call spread .

Persons: Apple Organizations: Apple, Nasdaq, Microsoft, U.S Locations: China

☆ The US economy added 150,000 jobs last month. Here’s what that means
▼ + stars: | 2023-11-03 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

Minneapolis CNN —For several months now, the US labor market has been on a cooling trajectory, and Friday’s jobs report made that even more apparent. The US economy added 150,000 jobs last month, falling below expectations but still notching a solid month of employment growth, according to Bureau of Labor Statistics data released Friday. October’s job growth came in below September’s stronger-than expected but downwardly revised total of 297,000 jobs. Including the estimated 150,000 jobs added last month and the downward revisions to August and September that totaled 101,000 jobs, the United States is averaging 239,000 jobs gained per month so far this year. Where the jobs were — and weren’tBecause of the timing of the striking actions and how the BLS tracks such activity, October is the first jobs report that reflects the massive strike.

Persons: ”, Sung Won Sohn, Nancy Vanden Houten, Jerome Powell, Gus Faucher, Dante DeAntonio, ” DeAntonio, “ It’s, ” Ger Doyle, ManpowerGroup, Amy Glaser, we’ve, “ We’re Organizations: Minneapolis CNN —, of Labor Statistics, SS Economics, Loyola Marymount University, United Auto Workers, Ford, General Motors, UAW, Big, Federal Reserve, Fed, Oxford Economics, BLS, PNC Financial Services, Government, Moody’s, ”, CNN, “ Locations: Minneapolis, United States, Southern California

☆ Restaurant stocks McDonald's and Chipotle could be due for a pullback after the market's rally this week
▼ + stars: | 2023-11-03 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

The stock market is enjoying its best week of 2023, but some names may have gotten ahead of themselves. That said, some stocks have become overbought during this week's rally — and could be due for a pullback. MCD YTD mountain McDonald's stock Beverage company Coca-Cola was another one of the several consumer names on this week's overbought list. Here are the 10 most oversold names in the broad market index: Several health-care companies were among this week's most oversold stocks. SEDG 1D mountain SolarEdge shares Revvity, Henry Schein, Align Technology and Fortive are some of the other oversold names from this week.

Persons: McDonald, Kraft Heinz, Amgen, David Palmer, CNBC's, Dr Pepper, SolarEdge, Zvi Lando, Henry Schein Organizations: Dow Jones, Nasdaq, PayPal, Pfizer, CNBC, Beverage, PepsiCo, Monster Beverage, Grill, Darden, Moderna, Enphase Energy, SolarEdge Technologies, Technology Locations: U.S, Europe

☆ Saudi Arabia’s oil production cuts have tipped its economy into reverse
▼ + stars: | 2023-11-03 | by ( Aimee Look | ) edition.cnn.com time to read: +2 min

Abu Dhabi CNN —Saudi Arabia’s economy has jolted into reverse, after the world’s largest crude oil exporter slashed output to prop up prices. Saudi oil production to nine million barrels per day in July as the biggest player in the OPEC+ alliance joined forces with Russia to restrict supply amid signs of weakening demand because of a slowing global economy. “We expect [oil] production to remain low until the end of this year, with a slow unwind in early 2024,” Oxford Economics analysts wrote in a note published Friday. Saudi Arabia’s oil cuts were aimed at stabilizing global oil markets, according to Raif Weigert, Economics Director for the Middle East and North Africa at S&P Global Market Intelligence. While other Gulf states have also come under economic pressure from cuts to oil production, the United Arab Emirates economy has continued to grow.

Persons: Raif, Weigert, “ Organizations: Abu Dhabi CNN — Saudi, Oxford, Monetary Fund, P Global Market Intelligence, “, Saudi, United Arab Locations: Abu Dhabi, Saudi, OPEC, Russia, East, North Africa, United Arab Emirates, UAE

☆ Take Five: You (may) have arrived at your destination
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +5 min

No wonder markets see a 70% chance that the Fed's brutal 20-month tightening cycle is over and that rate cuts could begin as soon as June. So watch closely to see if the top central bankers push back against the cut chatter until inflation is truly tamed. Shekel, gold, oil response to the war5/RACE DAY RATE HIKEThe famous Melbourne Cup horse race runs on Tuesday, but some of the shortest odds are on an Aussie central bank rate hike over in Sydney that day. Three-year and 10-year Australian government bond yields have hit their highest since 2011, though backed off slightly on the Fed's hold. The Australian dollar has also rallied strongly against its New Zealand counterpart as rate expectations diverge.

Persons: Marc Jones, Dhara, Kevin Buckland, Tom Westbrook, Lewis Krauskopf, BoE, Horton, Walt Disney, Mittal, shekel, Antony Blinken, Jordan, Luci Ellis, Kripa Jayaram, Riddhima Talwani, Gareth Jones Organizations: Federal Reserve, Fed, ECB, FX, Bank of Japan, Reuters, eBay, Nvidia, UBS, ABN Amro, Allianz, Friday, U.S, Melbourne Cup, Westpac, New Zealand, Thomson Locations: Australia, Gaza, Here's, London, Tokyo, Singapore, New York, Britain, U.S, Europe, Commerzbank, Israel, Gaza City, Iran, Sydney

☆ An ideal scenario for the stock market is taking shape as the economy looks set to keep growing without lifting inflation
▼ + stars: | 2023-11-02 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The economy can still grow without driving inflation, and that would be an ideal scenario for the stock market. AdvertisementAdvertisementThe latest economic data suggests a type of Goldilocks scenario is about to play out in both the economy and stock market. AdvertisementAdvertisement"We think the economy started a productivity growth boom in early 2016 that was interrupted by the pandemic. This year, our growth is being driven by productivity... productivity driven growth brings inflation down, it's good for earnings, but it does drive yields up. For evidence of a surge in productivity growth, he pointed to the fact that job hirings have slowed this year compared to last year, but GDP growth has surged.

Persons: Ed Yardeni, —, Yardeni, Wharton, Jeremy Siegel, Siegel Organizations: Service

☆ America's cities are vying for a hot new title: best place to ride out the coming dystopia
▼ + stars: | 2023-11-02 | by ( Matthew E. Kahn | ) www.businessinsider.com time to read: +14 min

For decades, cities have duked it out for titles like "best city for business" or "healthiest city in America," but now they're starting to compete for a new title: best place to ride out dystopia. While Sun Belt cities are working to mitigate these challenges, the increased risks also create an opportunity for once forgotten cities. The declaration has been followed up with investments in key areas — climate resilience was one of the four pillars that made up the city's four-year strategic plan released at the start of 2023. And the cities that could become climate havens have their weather downsides — Buffalo will still have some harsh winters, too. If Buffalo, Detroit, Pittsburgh, and other cities succeed in their climate-resilience agendas, they will grow, attracting residents from more at-risk areas of the country.

Persons: Tesla, Byron Brown, Redfin, Matthew E, Kahn Organizations: Los Angeles, Fortune, Sun, National Oceanic, Atmospheric Administration, Association of Environmental, Federal Emergency Management Agency, FBI, Street Foundation, Pittsburgh, The New York Times, University of Southern, Hoover Institution Locations: America, West, Midwest, Dallas, Houston, Atlanta, Buffalo , New York, Detroit, USA, Florida, California, South, Baltimore, Cincinnati, Phoenix, Angeles County, Miami, Dade County, Lake Erie, Buffalo, Duluth , Minnesota, Grand Rapids , Michigan, Chicago, Northern, Pittsburgh, Rust, Los Angeles, University of Southern California

We're exiting our position in Veralto (VLTO), selling 173 shares at roughly $69 each. Following Thursday's trade, Jim Cramer's Charitable Trust will no longer own a position in VLTO. Veralto , the water and packaging quality company, has some interesting long-term prospects as a standalone company that may be worth revisiting down the road. However, Veralto is currently experiencing headwinds due to weakness in China for water quality and lower demand for consumer packaged goods. More specifically, Veralto's water quality sales in China in the third quarter fell in the high teens on a percentage basis.

Persons: We're, Jim Cramer's, we've, Veralto, Jim Cramer, Jim, Carlo Allegri Organizations: Federal Reserve, GE Healthcare, Oracle, DuPont, CNBC, New York Stock Locations: Veralto, VLTO, Danaher, China, DuPont, Manhattan, New York City , New York, U.S

☆ Bill Gross sees lower interest rates offering a tailwind to regional bank stocks
▼ + stars: | 2023-11-02 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Longtime investor Bill Gross said Thursday that regional banks are poised to bounce back with the tailwind of falling interest rates. "Regional banks … benefit from lower interest rates," Gross said on CNBC's " Last Call ." Many of these banks including Bank of America, including Schwab, have long-term bond positions … a 2% or 3% rise in prices is beneficial for them." Gross also noted that regional bank shares are now very cheap, and many of them offer hefty dividends. The SPDR S & P Regional Banking ETF (KRE) , which tracks 140 regional banks, has fallen about 28% this year.

Persons: Bill Gross, Gross, Schwab Organizations: Bank of America, Truist, Citizens, Apple, Regional Banking

☆ Investors are jumping into this bond ETF in numbers that rival the ARK Invest bubble
▼ + stars: | 2023-11-01 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

The furious rise in interest rates appears to be fueling a spike in trading for long-term bond products, even those focused on high quality Treasurys. While many long-term bond funds have seen recent inflows, the iShares 20+ Year Treasury Bond ETF (TLT) is extending its ETF market leadership position. The popularity of ARKK was a classic momentum trade, while bond funds have mostly been crushed over the past year. TLT YTD mountain Long-term bond funds like TLT have fallen sharply in 2023. Klingelhofer did say he was more interested in adding mid-term duration than long-term duration products, however.

Persons: Todd Sohn, ARKK, " Sohn, Sohn, Jeff Klingelhofer, Klingelhofer, Allison Bonds, it's, Bonds Organizations: Treasury Bond ETF, Innovation, CNBC, Thornburg Investment Management, State Street Global Advisors

Shortly after the opening bell Wednesday, we will be buying 75 shares of GE HealthCare Technologies (GEHC), at roughly $66.17 apiece. Following the trade, Jim Cramer's Charitable Trust will own 1,245 shares of GEHC, increasing its weighting in the portfolio to 3.06% from 2.88%. GE HealthCare Technologies is a prime example. The medical equipment maker on Tuesday reported strong third-quarter results , beating expectations on revenue and earnings with solid margin expansion. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, Jim Cramer, Jim Organizations: GE HealthCare Technologies, GEHC, GE, CNBC Locations: China

☆ Find me a zebra and you can have the job: What it's like to work for top YouTube stars, according to 17 current and former staffers of creators like MrBeast and Kai Cenat
▼ + stars: | 2023-11-01 | by ( Marta Biino | Amanda Perelli | ) www.businessinsider.com time to read: +10 min

Cenat, who is a top Twitch streamer and YouTube creator with millions of subscribers across multiple platforms, was looking for an assistant. Cenat responded to her message, writing that she could have the job if she could get one task done. There's even a job board dedicated to finding work with a YouTube creator: YT Jobs . The staffers ranged from full-time employees to contractors, and they described days filled with unimaginable stunts, inconsistent work hours, varying salaries, and frequent pivoting. "It's like the old adage of, 'If you love what you do, you never work a day in your life.'"

Persons: Brianna Lewis yearned, Kai Cenat's, Cenat, Lewis, She's, Jimmy Donaldson, Preston Arsement, YT, Britt Carter, Kai Cenat, Brianna Lewis, Carter, Drake, Peter Sanjur, Sanjur, Zi Yuan, Yuan, Jason Russak, YouTuber Jesse Riedel, Russak Organizations: Instagram DMs, YouTube, Research, Oxford Economics Locations: Georgia, Charlotte , North Carolina, Atlanta , Georgia, Greenville , North Carolina, Smoky, Japan, Tokyo

LONDON, Nov 1 (Reuters) - The UK government has scrapped guarantees on nearly 1 billion pounds ($1.2 billion) of bank loans handed out to ailing businesses during the COVID-19 pandemic, leaving lenders on the hook for some of the borrowings that will not be repaid. The figures could rise further - latest figures show just 17 billion pounds have been fully repaid by borrowers as of June 30. The largest and most controversial, the "Bounce Back Loan" (BBL) scheme, delivered 47 billion pounds and was specially designed to help Britain's smallest firms stay afloat. Following the removal, any financial loss is borne in full by the lender, BBB said. The figures also showed the government had paid out 7.4 billion pounds to lenders under the state guarantees.

Persons: Theodore Agnew, Sinead Cruise, Iain Withers, Matthew Lewis Organizations: Reuters, British Business Bank, Barclays, NatWest, Lloyds, HSBC, Bank, Finance, BBL, BBB, Thomson Locations: London

☆ Stocks Bounce Back Ahead of Packed Week of Economic News
▼ + stars: | 2023-10-31 | by ( Sam Goldfarb | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/stocks/global-stocks-markets-dow-news-10-30-2023-4d1b8be1

Persons: Dow Jones Organizations: dow

☆ Giannis Antetokounmpo leads Bucks to bounce-back win over Heat
▼ + stars: | 2023-10-31 | by ( Field Level Media | ) www.reuters.com time to read: +1 min

October 31 - Giannis Antetokounmpo scored 33 points and Damian Lillard added 25 as the Milwaukee Bucks bounced back from a 17-point loss to take down the visiting Miami Heat 122-114. The Bucks' bench was also key in this one, particularly in the first half. Bobby Portis scored 16 (14 in the first half), Cameron Payne added 11 and Milwaukee's bench outscored Miami's 30-6 in the first half before the Heat reserves returned the favor in the second half and actually outscored the Bucks bench for the game, 45-43. This was also the first matchup for Lillard against the Heat after requesting a trade to Miami this offseason and instead being sent to Milwaukee. Coming off a game in which he scored just six points, he added four assists and five rebounds on top of his 25 points.

Persons: Giannis Antetokounmpo, Damian Lillard, Bobby Portis, Cameron Payne, Tyler Herro, Jimmy Butler, Brook Lopez Organizations: Milwaukee Bucks, Miami Heat, Bucks, Miami's, Heat, Milwaukee, Lillard, Miami, Thomson Locations: Wisconsin, Minnesota, Miami, Milwaukee

☆ Elon Musk says Tesla Cybertruck will have options for 'Beast Mode' and fixed bulletproof windows that can't roll down
▼ + stars: | 2023-10-31 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Elon Musk gave more information on the long-awaited Cybertruck release in a new Joe Rogan interview. The billionaire said there will be a "beast mode version" and a version with bulletproof glass. AdvertisementAdvertisementElon Musk spilled more details on Tesla's upcoming Cybertruck during an interview with Joe Rogan on Tuesday. Musk also said the company will offer a "beast mode version" of the Cybertruck. AdvertisementAdvertisementWhile the Cybertruck wouldn't be the first car to have bulletproof glass windows, it's an unusual feature for a civilian vehicle.

Persons: Elon Musk, Joe Rogan, Tesla, —, Musk, Rogan, Barack Obama Organizations: Service, Ford, Presidential

☆ Something for the bulls: November is typically the best month for the stock market
▼ + stars: | 2023-10-31 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

November is typically an outperforming month for Wall Street, according to data from the "Stock Trader's Almanac." The benchmark S & P 500 and the Dow Jones Industrial Average have each historically posted an average gain of 1.7% in November, dating back to 1950. Those moves make November the strongest month of the year for the S & P 500 and the second-best month for both the Nasdaq and the 30-stock Dow, according to the almanac. The S & P 500 has slipped roughly 3% so far and is on track for a third-straight month of declines . The string of monthly losses would mark the first such occurrence for the S & P 500 since the height of the Covid-19 pandemic in 2020.

Persons: Jeff Hirsch, Hirsch, There's, there's, We've, doesn't, we're, they're Organizations: Wall, Dow Jones, Nasdaq, Dow Locations: lockstep

“If we put our hands up, we will have a food crisis in Israel.”The Israel-Hamas war has plunged Israel’s agricultural heartlands, located around the Gaza Strip and in the north near the Lebanese and Syrian borders, into crisis. Meanwhile, farms in the north produce 40% of the country's sub-tropical fruit and 70% of its eggs, the Agriculture Ministry said. It also plans to build greenhouses to make up for potential shortages, construct hundreds of bomb shelters near farms and support volunteer efforts to fill labor gaps. Before the war, roughly half of Israel's agricultural workforce was composed of foreign and Palestinian labor. As Israel calls 360,000 reservists up for military service, posts from pickers to truck drivers have been left abandoned, the Agriculture Ministry says.

Persons: Avi, —, ”, Chivivian, Uri Dorman, Dorman, Yated, “, I’m, Ben Assayag, it’s, Liad Vaknin, ” Vaknin, Marcelo, Wasser, “ I’m, ” ___ Frankel Organizations: Agriculture Ministry, Israel Farmers, West Bank, Israel’s Dairy, ” Volunteers Locations: ASHKELON, Israel, Gaza, Yated, Lebanese, Turkey, Haifa, Jerusalem, overdraft, Thailand, Rwanda, Ashkelon, Nirim, Argentina

☆ There's an easy way cities can lure in more holiday shoppers: Get rid of street parking
▼ + stars: | 2023-10-31 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

Some shop owners fear that reducing street parking will hurt their sales. But there's mounting evidence that street parking isn't necessarily good for business. The study notes that shop owners often oppose removing street parking around them because they're "afraid of deteriorated accessibility, declining pedestrian frequencies, and lower revenue." Previous studies have shown that bike lanes and more pedestrian-friendly, walkable, and car-light areas are better for business. Shopping districts are much like outdoor malls, which are most convenient and popular when they have both adequate garage parking and are accessible by mass transit.

Persons: —, Tom Harris Organizations: Service, Protesters, RWTH Aachen University, New York City Department of Transportation, New, Times, Times Square Alliance Locations: America, —, Connecticut, Germany, Aachen, New York City, Park Slope, Brooklyn, New York, downtowns

☆ Morning Bid: Refunding relief stokes bond-led bounce
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 23, 2023. But relief in Treasuries, the villain of the piece for several weeks, is probably the most significant marker for the remainder of the year. And there were further soothing noises for world bonds, even if not for global growth, from surprisingly weak Chinese business surveys for October. Overall, the picture pointed to another positive day for Wall Street stocks, with futures marginally positive ahead of the open as the Fed meeting gets underway. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brendan McDermid, Mike Dolan, Hubbell, Christina Fincher Organizations: New York Stock Exchange, REUTERS, Bank of, Federal Reserve, U.S . Treasury, Nikkei, Big Oil, BP, Wall, pharma, Pfizer, Caterpillar, General Motors, United Auto Workers, Detroit Three, Dallas Fed, Federal, AMD, Global, Franklin Resources, Equity, GE Healthcare, WEC Energy, Treasury, Reuters, Thomson Locations: New York City, U.S, Bank of Japan, Treasuries, California, Israel, Gaza, Europe, Chicago, Amgen, MSCI, Eaton, Franklin, AMETEK, Echolab

☆ CNBC Daily Open: Market bounce may not last
▼ + stars: | 2023-10-31 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The BOJ also revised its inflation outlook for Japan higher, forecasting core CPI to hit 2.8% and 1.7% for the fiscal years 2024 and 2025. The Federal Reserve is widely expected to keep interest rates unchanged at the close of its two-day meeting Wednesday. But the Fed has been notoriously off the mark when it comes to predictions about monetary policy, writes CNBC's Jeff Cox.

Persons: Elon Musk, Jeff Cox Organizations: New York Stock Exchange, CNBC, Dow, Industrial, China's, Bank of Japan, Samsung Electronics, Panasonic, Federal Reserve Locations: New York City, Asia, Pacific, China's Shanghai, Japan

Search resuls for: "Bounce"

25 mentions found