This report was sent to Briefing.com subscribers earlier today. Research calls posted earlier this morning are available here. Upgrades: > Arkema S.A. (ARKAY) upgraded to Neutral from Sell at UBS > Compagnie Financiere Richemont (CFRUY) upgraded to Buy from Hold at HSBC Securities > Deutsche Lufthansa AG (DLAKY) upgraded to Buy from Hold at HSBC Securities > Emerson (EMR) upgraded […]
Read morevideo Investing legend Mark Mobius: India is the richest, untapped investment opportunity Mobius Capital founding partner Mark Mobius discusses the impact of the Russia-Ukraine war on emerging markets and analyzes the global economy on ‘The Claman Countdown.’ Adani shares surged on Friday after a $1.87 billion investment in the group by GQG Partners Inc eased concerns about the group's ability […]
Read morevideo Insurance premiums skyrocketing in the south due to severe weather FOX Business’ Ashley Webster reports on the rising costs of home insurance for residents in southern states like Florida and Louisiana due to devastating storms. When interest rates fell to near zero after the financial crisis, dozens of life insurers boosted costs for longtime policyholders, seeking to improve results […]
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Premarket action on Friday had the three major U.S. indexes trading higher. The Dow Jones industrials were up 0.18%, the S&P 500 up 0.29% and the Nasdaq 0.37% higher. Nine of 11 market sectors closed higher Thursday. Utilities (1.82%) and technology (1.26%) rose the most. Financials (−0.53%) and consumer cyclicals (−0.32%) posted the day’s only losses. The Dow closed up […]
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This report was sent to Briefing.com subscribers earlier today. Research calls posted earlier this morning are available here. Upgrades: > Bank of Marin (BMRC) upgraded to Buy from Neutral at Janney > DT Midstream (DTM) upgraded to Buy from Neutral at Mizuho; tgt lowered to $59 > iQIYI (IQ) upgraded to Buy from Neutral at BofA Securities; tgt raised to […]
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Premarket action on Thursday had the three major U.S. indexes trading mixed. The Dow Jones industrials were up 0.19%, while the S&P 500 was down 0.37% and the Nasdaq 0.54% lower. Eight of 11 market sectors closed lower again on Wednesday. Utilities (−1.72%) and real estate (−1.49%) gave up the most. Energy (1.94%) and materials (0.68%) posted the biggest gains. […]
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With fears of COVID-19 fading into the background and as major enterprises are bringing employees back to the office, breakfast favorites like Krispy Kreme (US:DNUT) stand to benefit. In turn, DNUT stock attracted unusual activity in the derivatives market. CNBC reported on Aug. 27 that consumers dined out less as skyrocketing inflation weighed heavily on sentiment. However, the business news […]
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Two of Australia’s big four banks have pointed to the rise of online banking to defend their decisions to close regional branches. Facing a parliamentary hearing on Thursday morning, Westpac chief customer engagement officer Ross Miller said the lender’s regional closures were a direct result of customers preferring to do their banking transactions online. A Senate inquiry is underway into […]
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After moving modestly higher over the two previous sessions, treasuries showed a significant move back to the downside during trading on Wednesday. Bond prices came under pressure in morning trading and remained firmly negative throughout the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, advanced 7.8 basis points to 3.994 percent. […]
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