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☆ 2025 could bring a wave of healthcare IPOs. Here's what startups should know, according to a top banker.
▼ + stars: | 2024-10-18 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +8 min

The healthcare market looks nearly ready for the next wave of IPOs. But the next wave of public healthcare companies looks to be on the horizon. At least two healthcare companies are considering public-market debuts in the not-so-distant future. SVB SecuritiesI spoke with him about what the next wave of healthcare IPOs could bring — and which healthcare startups are in the best position to test the public markets. What models do you expect the healthcare market to favor in this next round of IPOs?

Persons: Jon Swope, —, It's, Health confidentially, haven't, there's, Waystar, healthtech Organizations: Barclays, Service, Health, healthtech, SVB Securities, Accolade, Healthcare, Walmart, Big Tech Locations: IPOs, healthtech, Waystar

☆ Stocks are near record highs despite turmoil and 'erratic price action'
▼ + stars: | 2024-09-13 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 and Nasdaq Composite are headed for their fourth weekly gain in five weeks, up 3.5% and 5.3%, respectively. Those gains have come even after a massive but brief intraday sell-off Wednesday — which was quickly erased after the S & P 500 stayed above a key level. .SPX 5D mountain SPX 5-day chart Indeed, after all the wild swings, the S & P 500 is a scant 1.2% below an intraday record of 5,669.67 reached in July. "Erratic price action in equities suggests confusion amid ever changing market narratives," Cau wrote. "Therefore, equity price action may stay volatile and data dependent, until we get more clarity on the economic outlook."

Persons: Rob Ginsberg, Emmanuel Cau, Cau Organizations: Nasdaq, Dow Jones, Wolfe Research, Fed, Barclays Locations: U.S

☆ Stock market today: Indexes rise as stocks whipsaw after inflation-fueled decline
▼ + stars: | 2024-09-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

US stocks traded mixed as traders reacted to a mixed inflation report. Core consumer prices rose more than expected, reducing chances of a 50 basis-point rate cut. AdvertisementUS stocks traded mixed on Wednesday, with investors staging a recovery after taking in a mixed inflation report. Odds for a 50 basis-point cut have been slashed by more than half to just 15%, according to the CME FedWatch tool. Markets will assess August producer price inflation data and weekly jobless claims on Thursday and fresh retail sales data next Tuesday.

Persons: —, Bill Adams, Jensen Huang, Goldman Sachs Organizations: Service, Dow Jones, Traders, Comercia Bank, Bank of America, Tech, Nvidia, Here's

☆ Bank of America's stocks to help you sleep at night after wild week
▼ + stars: | 2024-08-09 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Bank of America is offering up a selection of stocks to help investors sleep soundly during bouts of market volatility. The picks come on the heels of a roller-coaster week for Wall Street. Here are some of the companies that made the list: Several consumer staples stocks showed up, with the S & P 500 sector up more than 11% this year. PG 1M mountain Shares over the last month Lockheed Martin was another low-beta stock that made the cut. Shares of the aerospace and defense company have rallied more than 21%, outperforming the market year to date.

Persons: Stocks, Savita Subramanian, Gamble, Lockheed Martin Organizations: of America, Wall, Bank of America, Walmart, PepsiCo, Procter, Starbucks, Elliott Management, T Bank, Home Depot, Cisco Systems, Consolidated Edison, New Locations: U.S, China, New York

☆ With Hostage Swap, Biden Scores a Win as His Term Nears Its End
▼ + stars: | 2024-08-01 | by ( Peter Baker | ) www.nytimes.com time to read: +1 min

Even in the world of presidential multitasking, July 21 turns out to have been an extraordinary, whipsaw Sunday for President Biden. At 12:09 p.m., he picked up the phone at his vacation house in Rehoboth Beach, Del., to talk with the prime minister of Slovenia as part of a high-stakes diplomatic gamble to seal a complicated, multinational prisoner swap. Just 97 minutes later, he posted a world-stunning letter online abandoning his bid for re-election after a bruising pressure campaign by his own Democratic allies, climaxing the biggest crisis of his political career and signaling the end of his presidency after a half-century in public life. By any measure, it was one of the darkest moments of his time in elective office as the inescapable reality of time, age and polls finally caught up with him. And yet it would lead to one of the most joyous days of his presidency barely a week and a half later as he orchestrated the release of imprisoned Americans from the dungeons of Russia.

Persons: Biden Organizations: Democratic Locations: Rehoboth Beach, Del, Slovenia, Russia

☆ Markets broaden as investors sell tech winners, but further turbulence may be on the way
▼ + stars: | 2024-07-20 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

The four best-performing stocks in the S & P 500 year to date were down an average of 13.5% last week. .SPX 5D mountain The S & P 500's performance in the past five trading days. The anchoring effect of a persistently strong half-dozen $1-trillion to $3-trillion companies atop the S & P 500 while most stocks wallowed had the effect of suppressing index volatility. The S & P 500 is now about 3% off its record, and the Nasdaq 100 is in a roughly 5% retreat from its high. History says when the S & P 500 has been up more than 10% in the first half of a year , as in 2024, it has gone to further highs by year's end nearly every time.

Persons: Russell, Donald Trump, Cash, Parag Thatte, Thatte, Goldman Sachs, wallowed, Cantor Fitzgerald Organizations: Axonic Capital, Deutsche Bank, Nasdaq

☆ A Second Term for Trump Could Go 4 Different Ways - The New York Times
▼ + stars: | 2024-07-13 | by ( Ross Douthat | ) www.nytimes.com time to read: +1 min

Donald Trump will arrive at the 2024 Republican convention — his Republican convention, finally and completely, without the dissent of 2016 or the pandemic that overshadowed 2020 — closer than ever to a second term. But the likelihood of a Trump restoration has not yet brought clarity about what it would actually usher in. With Trump there is always the whipsaw, the forays toward normalcy and the reversion to a darker mean. Asked on the debate stage whether he would spend a second term seeking revenge on his political enemies, he promised that “my retribution is going to be success. Instead there are Trumpist scenarios and Trumpian personae — whose interactions, if he wins, will give his second term its shape.

Persons: Donald Trump, Trump, We’re, ”, Liz Cheney Organizations: Republican, Trump, Truth, Heritage Foundation, Republican Party, Social Security

☆ This small-cap tech stock is set to rally nearly 30%, TD Cowen says
▼ + stars: | 2024-06-25 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Credo Technology has emerged to take the crown as TD Cowen's top small- and mid-cap stock pick after a red-hot start to the year. Analyst Matthew Ramsay also upped his price target for the stock to $35 from $24, implying that Credo shares could rally 28% from Monday's close. Specifically, he thinks that Credo's revenue could inflect in the second half of its fiscal year as a number of its programs begin to ramp, including some GenAI buildouts. Credo's key program ramps within its active electrical cables at Microsoft and Amazon should also play a role in pushing the company's fundamentals higher. "Overall, we see the diversification of the company's revenue base as a key de-risking of the model and should benefit the durability of revenues going forward," Ramsey said.

Persons: Matthew Ramsay, Ramsay, there's, Ramsey Organizations: Technology, Microsoft, Active Electrical Cable Locations: Monday's

☆ Israeli Daytime Pause in Combat Appears to Take Hold in Gaza
▼ + stars: | 2024-06-17 | by ( Shashank Bengali | ) www.nytimes.com time to read: +7 min

The change did not mean a cessation of fighting in the southern Gaza Strip, that statement said, adding that the campaign in the southernmost city of Rafah was continuing. The whipsaw statements appeared to reflect the competing pressures facing Mr. Netanyahu, as he juggles demands from the Biden administration and elsewhere around the globe with those of his own hawkish government. But Mr. Netanyahu insinuated that he did not learn of the plans until Sunday morning. Image Children waiting for food in Khan Younis, southern Gaza Strip, on Saturday. At least 10 Israeli soldiers were killed in combat this weekend and an 11th died of wounds sustained days earlier.

Persons: Benjamin Netanyahu, Netanyahu, Biden, —, Khan Younis, Haitham Imad, Bibi, ”, Amos Harel, ” Mr, Harel, Shani Sasson, Ms, Sasson, “, Eid, Omar Al, Yoav Gallant, Gadi, Benny Gantz, Mr, Eisenkot, Netanyahu’s, Itamar Ben, Gvir, Ben, Waseem Mahmoud, Amir Levy, Bezalel Smotrich, Gabby Sobelman Organizations: Military, ., “, Mr, Cogat, United Nations Security Council, Agence France, International Criminal, Israel’s, Hamas Locations: Gaza, Rafah, Khan, Israel, Gaza City, The Hague, Egypt, Beit Jann

☆ Middle East Crisis Israeli Military Says Hezbollah’s Strikes Risk ‘Wider Escalation’
▼ + stars: | 2024-06-17 | by ( Mike Ives | Randy Pennell | ) www.nytimes.com time to read: +7 min

The change did not mean a cessation of fighting in the southern Gaza Strip, that statement said, adding that the campaign in the southernmost city of Rafah was continuing. The whipsaw statements appeared to reflect the competing pressures facing Mr. Netanyahu, as he juggles demands from the Biden administration and elsewhere around the globe with those of his own hawkish government. But Mr. Netanyahu insinuated that he did not learn of the plans until Sunday morning. Image Children waiting for food in Khan Younis, southern Gaza Strip, on Saturday. Credit... Haitham Imad/EPA, via Shutterstock“It’s classic Bibi,” said Amos Harel, the military affairs analyst for the left-leaning Haaretz newspaper, referring to Mr. Netanyahu by his nickname.

☆ Parent of CycleBar, Pure Barre fitness studios sees shares whipsaw after CEO ousted, federal probe disclosed
▼ + stars: | 2024-05-13 | by ( Brandon Gomez | ) www.cnbc.com time to read: +1 min

Shares of Xponential Fitness , the parent company of CycleBar and Pure Barre fitness studios, bounced around in trading Monday after the company announced late Friday that CEO Anthony Geisler would be suspended indefinitely and would become an inactive member of the board. Xponential Fitness, which owns more than 3,000 boutique fitness and wellness studios globally, also said it received notice last week of a probe by the U.S. Attorney's Office for the Central District of California. Piper Sandler maintains a hold rating on Xponential Fitness stock, but lowered its price target to $9 from $12. Xponential Fitness' leadership had previously disclosed an SEC investigation in December, which alleged that the company provided false and/or misleading information to investors, including unit volume metrics and franchise closures. "The Company intends to continue cooperating with the SEC and intends to cooperate with the USAO," Xponential Fitness said in a press release announcing the executive changes.

Persons: Anthony Geisler, Brenda Morris, Korinne Wolfmeyer, Piper Sandler Organizations: U.S, Attorney's, Central, Central District of, SEC, Fitness Locations: CycleBar, Barre, Central District, Central District of California

☆ After Meta’s ‘year of efficiency,’ industry leaders root for year of innovation
▼ + stars: | 2024-05-01 | by ( Rachel Curry | ) www.cnbc.com time to read: +5 min

With many companies maintaining the "efficiency" mindset, and hiring for tech jobs remaining low, according to the iCIMS Insights April 2024 Workforce Report, innovation is at risk. Madan says companies tend to act based on fear of missing out, but this behavior can stall technological innovation. This process can be messy, which is why experts say any conversation centered around efficiency must also include innovation. Digital transformation is a core pillar of business strategy for 84% of technology and business leaders, according to the TEKsystems report. On the innovation front, he added, "The best organizations are the ones that synthesize human input with AI collaboration."

Persons: It's, Mark Zuckerberg, Ricardo Madan, they've, Zuckerberg, Madan, Chris Duffey, Duffey, Duffy Organizations: Meta, IBM, Tech, Adobe, Google, Bureau of Labor Statistics Locations: Menlo Park, Meta, California, TEKsystems, U.S

☆ Markets should relax, as earnings growth is still possible, says Victoria Greene
▼ + stars: | 2024-04-12 | 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 EmailMarkets should relax, as earnings growth is still possible, says Victoria GreeneVictoria Greene, Founding Partner and CIO of G Squared Private Wealth, discusses the whipsaw week for the markets, earnings season, and her top stock picks.

Persons: Victoria Greene Victoria Greene Organizations: G, Wealth

☆ The US economy is in a Goldilocks period, and the Fed has a 'loaded gun' it can use if conditions worsen, Apollo co-president says
▼ + stars: | 2023-12-05 | by ( Aruni Soni | ) www.businessinsider.com time to read: +2 min

The Fed has a "loaded gun" it can use if the Goldilocks economy worsens, Apollo Asset Management's co-president said. That's as the central back has kept rates high, giving policymakers room to lower them. "I would argue that the Fed put is back, sort of, on the market right now," James Zelter told Bloomberg TV. AdvertisementZelter noted the Fed has maintained "fairly high rates," which currently stand at 5.25%-5.5% — the highest since 2001 . Those Goldilocks conditions have helped stocks rocket upwards, as markets bet on the end of the Fed's rate hikes.

Persons: That's, James Zelter, —, Zelter, Mohamed El Organizations: Fed, Bloomberg, Service, Apollo Asset Management

☆ It's been a 'crazy week' for oil, says Amrita Sen — here's why
▼ + stars: | 2023-11-20 | 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 EmailIt's been a 'crazy week' for oil, says Amrita Sen — here's whyAmrita Sen, founder and director of research at Energy Aspects, discusses the factors behind oil's whipsaw week and her outlook for the commodity in 2024.

Persons: Amrita Sen —, Amrita Sen, oil's

☆ Here’s the inflation breakdown for October 2023 — in one chart
▼ + stars: | 2023-11-14 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

The Fed aims for a 2% annual inflation rate over the long term. Gasoline prices fell in OctoberWhat's happening under the surfaceEnergy prices can whipsaw inflation readings due to their volatility. That's why economists like to look at a measure that strips out these prices when assessing underlying inflation trends. This pared-down measure — known as the "core" CPI — fell to an annual rate of 4% in October from 4.1% in September. Housing inflation declined in October, to 6.7% relative to a year earlier, and has fallen from a peak over 8% in March 2023, according to BLS data.

Persons: Joe Biden, David Paul Morris, Sarah House, Mark Zandi, Zandi, It's Organizations: Bloomberg, Getty Images Bloomberg, Getty, Wells, Wells Fargo Economics, U.S . Bureau of Labor Statistics, Moody's, CPI, BLS Locations: Hercules , California, U.S, Wells Fargo, American, Russia, Ukraine

The 10-year yield on Thursday afternoon stood at about 4.7%, some 18 basis points from the 16-year highs touched last week. “Every time the Fed pauses, yields come down, but the market is not convinced they’re quite there yet." There's plenty of evidence that financial conditions, which reflect the availability of credit in the economy, have tightened in recent months. Credit market spreads have widened as investors demand a higher yield on riskier assets, such as corporate bonds. Fed funds futures show investors pricing in a roughly 15% chance of the central bank's raising rates next month, from around 27% last week.

Persons: Dado Ruvic, ”, Leslie Falconio, they’re, Philip Jefferson, Lorie Logan, Mark Dowding, Goldman Sachs, Edward Al, Hussainy, Neuberger Berman, Jonathan Cohn, Davide Barbuscia, Ira Iosebashvili, Megan Davies, Leslie Adler Organizations: REUTERS, Federal, . Treasury, UBS Global Wealth Management, Reuters Graphics, Dallas Fed, RBC Global Asset Management, Reuters, Treasury, Columbia, Nasdaq, Nomura Securities International, Thomson

☆ From Tuesday's Dow drop to Friday's rally, here's why it was a whipsaw week for the market
▼ + stars: | 2023-10-08 | by ( Tim Mullaney | ) www.cnbc.com time to read: +5 min

When the government released September's job report Friday morning, the market's first take was that it was too good to be … good. And odds of another rate hike, which had edged up early in the day, had retreated again. "I don't think the week's data indicates the labor market needs higher interest rates," said Daniel Zhao, lead economist at career platform Glassdoor.com. But average hourly income rose just 0.2%, doing a lot to mute fears that a tight labor market would keep propelling inflation. The gap between economists and bond investorsEconomists and bond investors have been seeing two different pictures in the labor data all week, Crofoot said.

Persons: Daniel Zhao, Elizabeth Crofoot, Zhao, Crofoot, Goldman Sachs, Jan Hatzius, Hatzius Organizations: New York Stock Exchange, Treasury, Dow, Federal Reserve, Labor Department, CNBC Locations: New York City, Washington

CNN —A band of House Republicans made a historic move this week to punish their own leader, sending the House into chaos by ousting Kevin McCarthy as speaker. For Democrats, the House GOP drama puts them in a wait-and-see mode. Scalise, Jordan make their pitchesBoth Scalise and Jordan have spent the past several days making their pitches to different constituencies in the GOP conference. Democrats waiting on the sidelinesBiden jabbed at House Republicans on Friday while saying he was willing to work with whomever was ultimately elected by the House to be speaker. House Republicans, it’s time for you to do your job,” Biden said at a White House event touting the economy’s better-than-expected job numbers Friday.

Persons: Kevin McCarthy, McCarthy, Donald Trump, Jim Jordan, Steve Scalise, Jordan, McCarthy –, ”, Mark Amodei, Trump, Tom Emmer, Scalise, Emmer, –, there’s, ‘, Patrick McHenry, McHenry, Jordan’s, Trump’s, Still, ” Jordan, CNN’s Manu Raju, he’s, There’s, McCarthy’s, Matt Gaetz, “, we’ve, Garret Graves, Republicans –, Joe Biden, Biden jabbed, ” Biden, let’s, Hakeem Jeffries, Biden, Jeffries Organizations: CNN, House Republicans, Capitol, Fox News, Jordan, Republicans, Republican, Ukraine, Nevada Republican, Ohio Republican, GOP, Trump, Florida Republican, ”, Democratic, Conservative, Democrats, White, Biden, Washington, ’ Locations: Washington, Scalise, Nevada, Ukraine, ”, Louisiana

☆ Inflation will be a rollercoaster ride as the US economy navigates 2 'unprecedented' shocks, BlackRock says
▼ + stars: | 2023-09-26 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Inflation is bound for a resurgence in 2024, BlackRock strategists warned in a recent note. Strategists previously warned of a "full-employment recession" to hit the economy. AdvertisementAdvertisementInflation is bound to whipsaw next year as the US deals with two seismic shifts shaking the economy, according to BlackRock. But that downtrend is likely to end soon, the strategists warned. That outcome is part of a new regime of volatility markets are facing, the asset manager said, which involves higher interest rates, higher inflation, and sharp volatility.

Persons: —, That's, stokes Organizations: BlackRock, Service, stoke, New York Fed Locations: whipsaw, BlackRock

☆ US stocks whipsaw to end higher as investors mull rate fears and government shutdown risks
▼ + stars: | 2023-09-25 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks were volatile on Monday as investors mulled higher interest rates and a looming government shutdown. AdvertisementAdvertisementUS stocks ended the trading session slightly higher on Monday as investors eyed risks stemming from higher-for-longer interest rates and the growing odds of a government shutdown. Trading was volatile throughout the day, with stocks retracing their steepest losses to end the day narrowly in the green. Markets have been jittery over the prospects of higher-for-longer interest rates from the Fed, which have sent bond yields surging in September. AdvertisementAdvertisementRecession risks are also front-of-mind as higher interest rates signal tight financial conditions.

Persons: — Organizations: Service, Treasury, New York Fed, Nasdaq Locations: Here's

☆ Shares whipsaw as Fed weighs inflation risks, yields steady
▼ + stars: | 2023-08-25 | by ( Samuel Indyk | ) www.reuters.com time to read: +5 min

If you're a bear, you heard him say we're going to be restrictive, and we might hike rates," said David Sadkin, president at Bel Air Investment Advisors. U.S. rates investors nonetheless dialled back their bets of a rate hike in November and December following Powell's remarks, though Treasury yields traded near break-even by late morning. "We've seen a back off in ECB rate hike expectations. Boston Fed President Susan Collins said on Yahoo Finance's video channel that rates may be near or at a peak, "but certainly additional increments are possible." Tokyo consumer price data on Friday, which front-runs nationwide figures, showed inflation remained well above the Bank of Japan's target.

Persons: Toby Melville, Jerome Powell, Powell, David Sadkin, Dow Jones, Christine, Lagarde, Ben Laidler, Patrick Harker, Susan Collins, Shaun Osborne, Joseph Capurso, Kazuo Ueda, Jackson, Brent, Samuel Indyk, Kevin Buckland, Jacqueline Wong, Mark Potter, Chizu Nomiyama, Susan Fenton Organizations: London Stock Exchange Group, City of, REUTERS, Federal Reserve, Bel Air Investment Advisors, Nasdaq, European Central Bank, Reuters, ECB, Philadelphia Fed, CNBC, Boston, Yahoo, U.S, Scotiabank, Bank of, Bank of Japan, CBA, West Texas, Thomson Locations: City, City of London, Britain, Jackson Hole , Wyoming, U.S, Asia, Tokyo

☆ US stocks whipsaw but close higher as Wall Street mulls Fed outlook after July CPI
▼ + stars: | 2023-08-10 | by ( Max Adams | ) www.businessinsider.com time to read: +2 min

US stocks closed higher Thursday but gave up their biggest gains as traders assess July CPI data. Inflation last month came in at 3.2%, higher than June but lower than what was expected. Markets are deciding if it was enough to warrant a full pivot by the Fed away from tight monetary policy. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Prices last month rose at a rate of 3.2%, slightly below expectations of 3.3%.

Organizations: Service, July's, Dow Jones, Investors, Federal Reserve, BNP, Nasdaq Locations: Wall, Silicon, Here's

☆ The BRICS are better off disbanding than expanding
▼ + stars: | 2023-07-31 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

(South Africa wasn’t on his list.) O’Neill likes to tease the BRICS that their economic performance subsequently went downhill - particularly after the much smaller South Africa joined in 2011. Since then, Russia, Brazil and South Africa have all struggled economically. The fault line between India and China, which fought a small war in the Himalayas in 2020, is one reason the BRICS club has done so little. Besides, most developing countries don’t want to be forced to choose sides in a showdown with the United States.

Persons: Jim O’Neill, Goldman Sachs, O’Neill, Vladimir Putin, Peter Thal Larsen, Thomas Shum Organizations: Reuters, Africa wasn’t, Reuters Graphics Reuters, New Development Bank, Bank, Global, U.S ., Thomson Locations: TINOS, GREECE, Brazil, Russia, India, China, South Africa, Johannesburg, Africa, Africa’s, Saudi Arabia, Argentina, Egypt, Iran, Cuba, Kazakhstan, United States, Iraq, Republic, Ukraine, Russian, New Delhi, Soviet, Philippines, Mexico, Indonesia, Thailand, Nigeria, Vietnam, Malaysia, Bangladesh

☆ The economy feels worse than it actually is because people were spoiled by the snap-back recovery after the pandemic crash
▼ + stars: | 2023-07-11 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +6 min

Americans feel bad about the economy, even though data shows a booming labor market. The recovery from the pandemic recession reset everyone's expectations about what a good economy looks like. Americans are feeling bad about the economy, and some of that is likely due to inflation eating at their budgets. Consumer confidence is still low, and, as JPMorgan Asset Management chief global strategist David Kelly writes, Americans feel an "unreasonable level of gloom." In short, the things that used to make Americans feel good or bad about the economy aren't as consequential anymore.

Persons: Aaron Terrazas, Labor Julie Su, that's, David Kelly, Kelly, Terrazas, —, would've Organizations: Service, Bureau of Labor Statistics, Labor, Pew Research Center, JPMorgan Asset Management, Fed Locations: Wall, Silicon, America

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