DIRS.INFO The most relevant business & tech news

☆ Stock futures are flat as Wall Street weighs likelihood of higher rate hikes: Live updates
▼ + stars: | 2023-03-08 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

U.S. stock futures were flat on Wednesday night as traders processed fresh job market data and comments from Federal Reserve Chairman Jerome Powell. S&P 500 futures and Nasdaq 100 futures dipped by 0.01% and 0.03%, respectively. During the regular session, the Dow dipped 58.06 points, or 0.18%, marking its second negative session in a row. These mixed results came after new numbers on the job market led investors to believe that higher rate hikes are more likely. "The global economy is more resilient than many realized, which will make inflation stickier and is extending central bankers' terminal rate target.

☆ US stocks trade mixed as investors assess outlook for rates after Powell testimony
▼ + stars: | 2023-03-08 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

The Fed Chair warned steeper rate hikes may be needed due to strong economic data. Higher interest rates could also raise the risk of recession, which is weighing on investors. "The labour market remains extremely tight despite 450 basis points of rate hikes in the last year," Lazard chief market strategist Ronald Temple said in a statement. Higher interest rates are also raising investors' fear of an incoming recession. This combination of a weakening economy and more rate hikes would surely push the economy into a recession," Main Street Research chief investment officer James Demmert said.

☆ Strategist says it's the 'last phase' of the bear market — and names 3 stocks to buy right now
▼ + stars: | 2023-02-23 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Stocks are in the "last phase" of the bear market — and investors should look forward to the second half of 2023, one analyst says. "We're sort of in the last phase of the bear market," said James Demmert, chief investment officer at Main Street Research. He pointed to another sign that the bear market is nearing its end: terminal rate estimates are rising and staying high for longer. Markets rallied at the start of the year, but Demmert said that was just another bear market rally. One of them is pharmaceutical firm Novo Nordisk , which he says is "a good example of what you want to own in a bear market."

☆ Stocks slide but dollar gains as central banks continue inflation battle
▼ + stars: | 2022-12-15 | by ( Lawrence Delevingne | ) www.reuters.com time to read: +5 min

Stocks fell, with the Dow Jones Industrial Average (.DJI) slipping 2.5%, the S&P 500 (.SPX) down about 2.6% and the Nasdaq Composite (.IXIC) off 3%. The STOXX (.STOXX) fell by about 2.85% as heavyweight stocks across sectors sank. U.S. Treasury yields fell on Thursday, with the yield on 10-year Treasury notes down 6.4 basis points to 3.439% and the 30-year down 8.1 basis points to 3.459%. China's economy, however, lost more steam in November as factory output slowed and retail sales fell again, hobbled by surging COVID-19 infections. U.S. crude fell 0.75% to $76.70 per barrel and Brent was at $81.85, down 1.03% on the day.

☆ Market veteran says a new bull market is 'not far away' — and reveals how to play it
▼ + stars: | 2022-11-08 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

The stock market has experienced a series of bear market rallies this year. Demmert said the bear market is now its "third and final phase." It is now in its 11 th month of a typical 12–15-month cycle, according to Demmert — indicating that a bottom could be close. "It's sort of an all-weather company at this point because they have the dominant exposure in that market globally. "That's where people go where they think it's safe, such as Google [parent Alphabet ] and Microsoft in the tech space.

☆ CNBC Stock World Cup: Visa vs Microsoft and Naspers vs Softbank — who wins?
▼ + stars: | 2022-11-07 | 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 EmailCNBC Stock World Cup: Visa vs Microsoft and Naspers vs Softbank — who wins? Heading into the World Cup season, CNBC spoke to Josh Brown of Ritholtz Wealth Management on whether Visa or Microsoft will give investors a greater total return over the next 12 months. And James Demmert from Main Street Research gives his take on who's going to be the winner between Naspers and SoftBank. 01:20 2 hours ago

Search resuls for: "James Demmert"

6 mentions found