Inflation has declined sharply over the past year but remains stubbornly high, which has raised concerns of an impending recession. This saw the consumer confidence of Americans ebbing further in September. The decline in consumer confidence in September was largely triggered by the Fed’s hawkish stance as it hinted at another interest rate hike this year. Markets have since been […]

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After a great start to 2023, Wall Street has faltered in the second half as inflation is still hot and rates are likely to remain higher for longer. Though the Fed has stayed put in September, the U.S. central banks indicated that rates will remain higher for longer. No rate cuts are expected in the near term. Growth stocks that […]

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The futures were trading lower on Tuesday after a rollercoaster start to the final trading week for September and the third quarter. The major indexes all finished higher on the day. halting a four-day losing streak for the S&P 500 and the Nasdaq. Despite Monday’s gains, the same elements that hit stocks last week are still in play, such as […]

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Wall Street has seen a bull run in 2023 after a highly disappointing 2022. Year to date, all three major stock indexes are in positive territory. In fact, the S&P 500 and the Nasdaq Composite have witnessed an impressive rally. However, in the past one and a half months, volatility has returned to U.S. stock markets. The Dow, the S&P […]

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It has been 18 long months of interest rate hikes, but it is becoming clear that, while painful, the Federal Reserve’s rate hike campaign is working. The good news for investors is that though the Fed probably will not announce a rate hike this week, it is likely it will raise it by 25 basis points once more before the […]

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Cost optimization and technological innovation are aiding the Zacks Medical-Hospital industry players. Their margins are further propelled by easing staffing challenges. Improving market conditions as seniors are now undergoing delayed elective procedures are boosting patient days and occupancies, which, in turn, is aiding hospitals’ top line. However, growing competition in this market remains a common theme. Technological implementations are expected to […]

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There is just one earnings report due out Monday. The pace of earnings reports has slowed to a trickle as the end of the September quarter approaches. The following table is based on data from Briefing.com and includes a consensus forecast in dollars for quarterly earnings per share and EPS reported last year, and the consensus forecast for quarterly revenue […]

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Save articles for later Add articles to your saved list and come back to them any time. Investors are betting insurance giants’ profits will get a boost from lower disaster claims this summer due to hot and dry conditions caused by a likely El Nino weather pattern, as the industry also rakes in higher revenue after steep increases in premiums. […]

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While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. Many of the biggest public companies, especially the technology giants, trade in the hundreds, all the way up to over $1,000 per share or more. At those steep […]

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Fintel reports that on September 14, 2023, Redburn Partners upgraded their outlook for Carnival (NYSE:CCL) from Neutral to Buy. Analyst Price Forecast Suggests 17.63% Upside As of August 30, 2023, the average one-year price target for Carnival is 17.67. The forecasts range from a low of 7.07 to a high of $26.25. The average price target represents an increase of […]

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