DIRS.INFO The most relevant business & tech news

☆ Asia markets set to open higher as investors await Japan GDP and China inflation data
▼ + stars: | 2024-12-09 | by ( Dylan Butts | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets were set to open mostly higher Monday as traders await China's November inflation data as well as revised economic growth data from Japan. Japan's Nikkei 225 futures pointed to a higher open for the market, with the futures contract in Chicago at 39,450 and its counterpart in Osaka at 39,440 compared to the previous close of 39,091.17. Hong Kong Hang Seng index futures were at 19,821 lower than the HSI's last close of 19,865.85. Australia's S&P/ASX 200 opened to trade down 0.35%.

Persons: Australia's Organizations: Japan's Nikkei Locations: Asia, Pacific, Japan, Chicago, Osaka, Hong Kong

☆ Gold firms as investors await U.S. inflation data for Fed clues
▼ + stars: | 2024-12-09 | by ( ) www.cnbc.com time to read: +2 min

Gold prices gained on Monday as investors awaited U.S. inflation data due this week for clues on the Federal Reserve's next monetary policy moves. Gold prices gained on Monday as investors awaited U.S. inflation data due this week for clues on the Federal Reserve's next monetary policy moves. Top consumer China resumed buying gold for its reserves in November after a six-month pause. Traders are now looking forward to U.S. inflation data due on Wednesday. Gold is often seen as a safe-haven asset during times of economic or political uncertainty.

Persons: Bullion, Yeap Jun Rong, Yeap, Bashar al, Assad Organizations: Federal, People's Bank of China, China, U.S, Federal Reserve Locations: U.S, Damascus, Russia

☆ Barclays upgrades Robinhood as retail trading activity shows no signs of easing
▼ + stars: | 2024-12-09 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Analyst Benjamin Budish upgraded the online brokerage to overweight from equal weight. He also raised his price target of $49 from $26, implying that shares could rise nearly 18% from Friday's close. Robinhood has also benefited from strong stock market gains, leading to greater retail trading activity. "While we do expect a market downturn would negatively impact engagement on Robinhood, the trend in retail trading is now clearer to us as a longer-enduring trend," Budish said. LSEG data shows 11 of 17 analysts covering Robinhood have a buy or strong buy rating, while another five rate it as a hold.

Persons: Benjamin Budish, Robinhood, Budish, Donald Trump Organizations: Barclays Locations: Friday's, bitcoin, Robinhood

☆ European markets set for a flat to lower start to the new trading week
▼ + stars: | 2024-12-09 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are expected to start the new trading week on a somber note, looking set to open in flat to lower territory Monday. Traders will be assessing geopolitical upheaval in the Middle East after the ousting of Syrian President Bashar al-Assad over the weekend. South Korea's Kospi stock index fell over 2% after President Yoon Suk Yeol survived an impeachment vote over the weekend. The November consumer price index, due out Wednesday, is expected to show a slight uptick in pricing pressures. Economists polled by Dow Jones expect a 0.3% and 2.7% monthly and yearly increase, respectively.

Persons: Germany's DAX, Bashar al, Assad, Yoon Suk Yeol, Dow Jones Organizations: France's CAC, IG, Traders, Nasdaq Locations: Europe, Asia, Pacific

☆ Loonie, Aussie in focus while U.S. dollar idles
▼ + stars: | 2024-12-09 | by ( ) www.cnbc.com time to read: +3 min

The Canadian dollar and Australian dollar were in focus on Monday ahead of their central bank meetings this week, while the euro and other major currencies held steady as traders reviewed the U.S. dollar's prospects. On the former, a quarter point cut by the ECB is baked in. The Canadian dollar is trading near a 4-1/2-year low as markets anticipate another outsized interest rate cut. Markets give a higher probability for a larger 50 basis point cut, and are even priming for negative interest rates by next year. While the case for the rate cut seems sealed, investors have one eye on U.S. consumer price inflation (CPI) data due this week.

Persons: Donald Trump, Morgan Stanley, China's, Chris Weston Organizations: Canadian, Federal Reserve, European Central Bank, Economic Work, ECB, The Bank of Canada, BoC, Reserve Bank of Australia, Swiss National Bank, Australian, Swiss, Fed, CPI, U.S Locations: Asia, China

☆ Something odd is happening during this latest portion of the stock rally
▼ + stars: | 2024-12-09 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

It's not all sunshine and rainbows when looking under the hood of this latest leg of the stock market rally. Krinsky also noted that the advance-decline line at the New York Stock Exchange, a breadth measure that calculates the difference between advancing and declining stocks, fell all five trading days last week. The former saw a few more days of rally before a -10% drawdown, while the latter saw a quick -5% drawdown before a marginal new high that ended that cyclical bull market," wrote the firm's chief market technician. .SPX YTD mountain SPX year to date To be sure, a sample size of two instances hardly makes a historical trend. The bank also hiked its price target on the stock to $200 from $70, implying upside of nearly 23%.

Persons: It's, BTIG's Jonathan Krinsky, Krinsky, Morgan Stanley, Brian Nowak Organizations: New York Stock Exchange

The 10-year U.S. Treasury yield edged higher on Monday as investors continued to assess how the latest jobs data could impact the Federal Reserve's interest rate decision next week. The yield on the 10-year Treasury rose around 1 basis point to 4.166%, regaining some ground after losing steam last week. The 2-year Treasury yield was also up 1 basis point at 4.108%. Yields and prices moved inversely to one another, and one basis point equals 0.01%.

Organizations: Treasury

☆ Stock futures are little changed after S&P 500 posts third-straight winning week: Live updates
▼ + stars: | 2024-12-08 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Traders works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 2, 2024. U.S. stock futures were little changed Sunday night after the S&P 500 and Nasdaq Composite posted their third straight winning week, ahead of key inflation data due out this week. Dow Jones Industrial Average futures rose by 11 points, or 0.02%. S&P 500 futures gained 0.02%, while the Nasdaq 100 futures was flat. The S&P 500 and Nasdaq closed at fresh records Friday, rising 0.96% and 3.34% for the week, respectively.

Persons: Dow, Wharton, Jeremy Siegel, CNBC's, Dow Jones Organizations: New York Stock Exchange, Nasdaq, Dow Jones Industrial, Reserve Locations: New York City, U.S

☆ I have not seen a stock market like this in 42 years. Here's why and how to approach it
▼ + stars: | 2024-12-08 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

Or, maybe the whole market has a new expectation of stocks — and, stocks are delivering on those expectations and then some. Maybe that's why it is up more than 900% for the year. Maybe that's why it is now a roughly $140 billion company. With so many other opportunities to raise money — such as private equity and venture capital firms trying to get in — the stock market almost doesn't matter. But only new supply can bring this market down because valuation has ceased to mean much for most of the market.

Persons: Victoria Valenzuela, Valenzuela, Mary Georgiadis, Georgiadis, Dawson Alyssa Harvey, Andrew Karam, That's, Friday's, It's, it's, Gary Gensler's, Donald, Joe Biden's, toolmaker Stanley Black, Decker, Stanley Black, Jim Cramer's, Jim Cramer, Jim, Jim Cramer Rob Kim Organizations: APP, Securities and Exchange Commission, SEC, Constellation Brands, Club, CNBC Locations: China, Mexico

The broad market S&P 500 climbed 0.25% to 6,090.27. The Dow Jones Industrial Average slipped 123.19 points, or 0.28%, to close at 44,642.52. The S&P 500 and Nasdaq went on to their third straight positive week as well, rising 0.96% and 3.34%, respectively. The unemployment rate nudged up to 4.2%, as expected. Following the not-too-hot, not-too-cold unemployment data, fed funds futures trading data reflected an 85% likelihood of another rate cut in two weeks to 85%, according to the CME Group’s FedWatch Tool.

Persons: Dow, Dow Jones, ”, Luke O’Neill, “ It’s, Jerome Powell Organizations: Nasdaq, Federal Reserve, Tech, Dow Jones, Dow, Catalyst Funds, Fed Locations: U.S

☆ We answer 9 mailbag questions, including ones about options, dividends, and share counts
▼ + stars: | 2024-12-07 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

Here's our Club Mailbag email investingclubmailbag@cnbc.com — so you send your questions directly to Jim Cramer and his team of analysts. There are two high-level factors that determine an options price, intrinsic value and time value. How does an investor know if when buying stock, they are buying company shares or trading shares with other investors . In a prior mailbag answer (see an excerpt above), we talked about how to go about doing this analysis. In other words, the valuation — be it based on price-to-earnings or a discounted cash flow model — is far more important than the stock price.

Persons: Jim Cramer, — Richard L, it's, Vega, — Dan M, Michele T, Will, Felix M, That's, we're, — Rich, —, Jim Cramer's, Jim, Jeffrey Coolidge Organizations: Theta, New York Stock Exchange, Nasdaq, Dow, Investing, Charitable, Jim Cramer's Charitable, CNBC, Iconica, Getty

As inflation cools and the Fed lowers its benchmark rate, mortgage rates are expected to trend down in 2025. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. But now that inflation has decelerated and the Fed has started cutting rates, mortgage rates are expected to ease. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: homebuyers, you'll, Freddie Mac, it's, Fannie Mae Organizations: Fed, Federal Reserve, of Labor Statistics, Mortgage Research Center, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Mortgage, Association Locations: U.S, Chevron

☆ How much holiday cheer is too much? Investor enthusiasm on stocks running high into year-end
▼ + stars: | 2024-12-07 | by ( Michael Santoli | ) www.cnbc.com time to read: +10 min

The trick, though, comes in trying to distinguish between a bull market feeding off rational fundamental positives and one that has grown so frisky as to be acutely risky. What's clear for sure is that we've entered the "belief" phase of this bull market, which is more than two years old yet is showing few of the telltale signs of ending very soon. Wall Street turns bullish Brokerage-house strategists as a group were far too cautious entering 2023, the S & P 500 staying ahead of the consensus target virtually all year. Yet we think there will be fewer checks when stocks are running up, creating the potential for risk appetite to turn frothy." Just normal bull market?

Persons: we've, Todd Sohn, Donald Trump, Donald Trump's, anecdotally, David Rosenberg, Rosenberg, YTD, Stephen Suttmeier, Goldman Sachs, DocuSign, industrials Organizations: telltale, Strategas Research, Wall, Rosenberg Research, Blackrock Investment Institute, Blackrock, Bank of America, Robinhood, Cloud Computing, Trump, Big Tech, Leuthold, Fed

☆ 'Selling $1 bills for $3': Why bond buyers and equity investors can't get enough of bitcoin-obsessed MicroStrategy
▼ + stars: | 2024-12-07 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

All they know is that it's a bitcoin company, run by one of the asset's most vocal evangelists. Bitcoin per share, and bitcoin value per share, reflect how many bitcoin investors are getting when they buy a share of MicroStrategy. So with a stock price of around $390, each MicroStrategy share gives investors exposure to 0.0017 bitcoin. There are several reasons, including that MicroStrategy's bitcoin count is steadily rising. Kotzman, who owns bitcoin and MicroStrategy shares, is confident that the company's bet — and, by extension, his own — will pay off in the long term.

Persons: Cryptocurrency maven Michael Saylor, MicroStrategy, bitcoin, who've, Michael Saylor, Saylor, Tim Kotzman, Steve Sosnick, Matthew Sigel, Sigel, They'll, they're, Kotzman, it's, Citron, That's Organizations: Nvidia, Business, BTC, Citron Research Locations: bitcoin, MicroStrategy

It was a social media catchphrase, then a merchandising opportunity and, finally, a cryptocurrency. Welch said on X that she and the people behind the coin have not sold any of their holdings. Welch’s team blamed “snipers” — bots programmed to buy tokens immediately upon launch and sell when prices spike — for causing the market cap fluctuation. Welch has touted the launch of “HAWK,” promoting it in several posts across X this week. Celebrities who have touted crypto coins without transparency about their financial incentives have also faced scrutiny and legal action.

Persons: Influencer Hailey Welch, Welch, DEX Screener, Stephen Findeisen, ” Findeisen, Welch’s, ”, “ hasn’t, Donald Trump’s, Hawk, Fortune, Elon Musk, Mark Cuban’s Organizations: NBC News, Solana

☆ The U.S. added 227,000 jobs in November, as hiring recovers from storms and a strike
▼ + stars: | 2024-12-06 | by ( Jeff Cox | Jeff Cox Is A Finance Editor With Cnbc.Com Where He Covers All Aspects Of The Markets | Monitors Coverage Of The Financial Markets | ) www.nbcnews.com time to read: +3 min

The unemployment rate, however, edged higher to 4.2%, as expected. The unemployment rate rose as the labor force participation rate moved lower and the labor force itself declined. Other officials have said they see additional interest rate cuts as being likely but subject to changes in the economic data. At the same time, the October jobs report and various other reports have pointed to a labor market that is still growing but slowing. According to the BLS, household employment rose by 174,000 on the month even as the labor force contracted by 193,000.

Persons: Nonfarm, Dow Jones, Jerome Powell Organizations: of Labor Statistics, Traders

☆ Payrolls increased 227,000 in November, more than expected; unemployment rate at 4.2%
▼ + stars: | 2024-12-06 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Nonfarm payrolls increased by 227,000 for the month, compared to an upwardly revised 36,000 in October and the Dow Jones consensus estimate for 214,000. The unemployment rate, however, edged higher to 4.2%, as expected. The unemployment rate rose as the labor force participation rate edged lower and the labor force itself declined. The survey of households, which is used to calculate the unemployment rate, painted a similar picture as the establishment survey that provides the headline payrolls count. According to the BLS, household employment rose by 174,000 on the month even as the labor force contracted by 193,000.

Persons: Nonfarm, Dow Jones, Job, Jerome Powell Organizations: of Labor Statistics, Stock, Traders

☆ Currency markets look to steady amid political turmoil, eye U.S. jobs report
▼ + stars: | 2024-12-06 | by ( ) www.cnbc.com time to read: +4 min

In cryptocurrencies, bitcoin took a breather after catapulting above $100,000 for the first time a day earlier, and even sceptics now expect a crypto-friendly Trump administration to feed an extended rally. "So long as the unemployment rate doesn't fall back to 4.0%, markets should be comfortable about leaning towards a rate cut this month." For now, the European Central Bank isn't expected to react to heightened political turmoil in Europe when it meets next week. The euro bloc currency was on track to post a loss this week, the fourth in the last five weeks. But comments from typically dovish policymaker Toyoaki Nakamura that he's not opposed to rate hikes helped push the currency higher on Thursday.

Persons: bitcoin, Trump, Sean Callow, Emmanuel Macron, Michel Barnier, Donald Trump's, Toyoaki Nakamura, he's, Yoon Suk Yeol Organizations: steadied, U.S ., InTouch, Federal Reserve, European Central Bank, Reuters, ECB, Traders, Bank of Japan's, South Korean, Australian Locations: South Korea, payrolls, France, Europe, Asia

☆ Asia markets set to open higher as investors assess Japan household spending data
▼ + stars: | 2024-12-06 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Traders in Asia assessed household spending data out of Japan. Spending grew 2.9% in October compared to the previous month, beating expectations of a 0.4% growth by economists polled by Reuters. Year-over-year, household spending fell 1.3% in October, less than an expected 2.6%. Japan's Nikkei 225 futures pointed to a higher open for the market, with the futures contract in Chicago at 39,405 and its counterpart in Osaka at 39,400 compared to the previous close of 39,395.60. Hong Kong Hang Seng index futures were at 19,637 higher than the HSI's last close of 19,560.4.

Persons: Richard A, Brooks, Australia's Organizations: Afp, Getty, Dow Jones, Traders, Reuters, Nikkei Locations: Tokyo, Asia, Pacific, Japan, Chicago, Osaka, Hong Kong

☆ A handful of macro traders left Balyasny following a volatile November
▼ + stars: | 2024-12-06 | by ( Alex Morrell | ) www.businessinsider.com time to read: +2 min

AdvertisementA handful of macro traders have left Balyasny. Global macro strategies have struggled overall in 2024, but November was strong. A handful of macro traders have left the hedge-fund giant Balyasny Asset Management, according to four people familiar with the matter, who asked to remain anonymous because the information isn't public. Before November, however, global macro strategies had been among the worst performers in an otherwise strong year for hedge funds. Potts joined Balyasny in 2020 from BlackRock, where he was head of macro strategies, according to his LinkedIn bio.

Persons: Gugesh Guganeswaran, Kurt Lichtman, Matthew Potts, Balyasny, Donald Trump, Brevan Howard, PivotalPath, Potts, George Arzeno, Stanley Sheriff, Brian Sack, Shaw, George Tyrrell, Goldman Sachs Organizations: Discovery, Bloomberg, Citadel, Barclays, Lichtman, Moore Capital Locations: Balyasny, BlackRock, San Francisco, United Kingdom, Miami, Millennium, D.E

☆ Watch Friday's full episode of Fast Money — December 6, 2024
▼ + stars: | 2024-12-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Friday's full episode of Fast Money — December 6, 2024"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.

Persons: Melissa Lee

☆ The Fed shouldn't cut rates as inflation is rising, markets are too frothy, JPMorgan Asset Management bond expert says
▼ + stars: | 2024-12-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

AdvertisementThe Fed doesn't need to cut rates, according to JPMorgan Asset Management's Bill Eigen. The Federal Reserve may not have as much room to cut interest rates as it thinks, and central bankers would be better off skipping another decrease in December, according to one JPMorgan bond expert. Bill Eigen, the head of the Absolute Return and Opportunistic Fixed Income team at JPMorgan Asset Management, cautioned markets ahead of the Fed's next meeting, adding that he believed the central banks should pause cutting interest rates. The interest rate outlook remains mixed on Wall Street, with some forecasters expressing hesitation at the possibility of taking interest rates much lower. Deutsche Bank suggested the Fed may not be able to cut interest rates at all in 2025, thanks to higher inflation risks stemming from some of Trump's proposed policies.

Persons: Bill Eigen, We've, Eigen, Trump's, Goldman Sachs Organizations: Asset, Federal, JPMorgan Asset Management, CNBC, Deutsche Bank

☆ CNBC Daily Open: U.S. exceptionalism seems difficult to dismiss for now
▼ + stars: | 2024-12-06 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. U.S. markets take a breatherThe S&P 500 slipped 0.19%, the Dow Jones Industrial Average lost 0.55% and the Nasdaq Composite retreated 0.18% as traders await today's jobs report. What to expect from U.S. jobs reportThe U.S. nonfarm payrolls report for November is coming out later today. Gold has long held a place in investors' portfolios as an asset that hedged against market swings and geopolitical instability.

Persons: nonfarm, –, Dow Jones, Bitcoin, bitcoin, Donald Trump's, Paul Atkins, Jerome Powell's Organizations: CNBC, Dow Jones Industrial, Nasdaq, CAC, U.S, OPEC, Securities and Exchange Commission Locations: U.S, OPEC

☆ Goldman Sachs upgrades Robinhood to buy after brokerage outlines ambitious growth plan
▼ + stars: | 2024-12-06 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Watch Robinhood stock as the company embarks on an ambitious growth plan, Goldman Sachs said. HOOD YTD mountain Robinhood stock. Yaro thinks Robinhood can benefit in the near-term from growing its market share of active traders using its platform. Longer term, Yaro sees an opportunity to make good on its ambitions of growing internationally and entering the wealth management sector. Of the 17 who cover it, 10 have a buy or strong buy rating on Robinhood, according to LSEG.

Persons: Goldman Sachs, Robinhood, HOOD, James Yaro, Yaro Organizations: Wall, TAM, Trump, Analysts

☆ European markets set to open lower as French political upheaval drags on
▼ + stars: | 2024-12-06 | by ( Chloe Taylor | ) www.cnbc.com time to read: +1 min

European markets are expected to open lower on Friday, as investors in the region digest the latest political developments in France. He insisted he would see out the remainder of his presidency, which will see him stay in office until 2027. The euro was marginally lower against the dollar before the European opening bell following a rise in the previous session. In Asia, markets were mixed, with traders monitoring political instability in South Korea following President Yoon Suk Yeol's brief imposition of martial law. Across the Atlantic, investors are looking ahead to the publication of U.S. nonfarm payroll figures, which are expected to have increased in November.

Persons: Michel Barnier's, Barnier, Emmanuel Macron, Macron, Yoon Suk Organizations: French Locations: France, London, Asia, South Korea

Search resuls for: "Traders"

25 mentions found