After calling the summer stock-market rally, JPMorgan says it’s not yet time for investors to play defense

It’s been a subject of intense debate among portfolio managers and market gurus across Wall Street: Is the stunning summer rally in US stocks about to peter out? Or are the gains just getting started? For what it’s worth, a team of Europe-based equity analysts at JPMorgan Chase & Co. published a note to clients … Read more

Football: Soccer-Barca register four new signings after triggering final ‘economic lever’

(Reuters) – Barcelona have registered four of their newly signed players ahead of their opening game of the season at home to Rayo Vallecano on Saturday, a LaLiga source has told Reuters. Midfielder Franck Kessie, defender Andreas Christensen and forwards Robert Lewandowski and Raphinha are now available to face Rayo Vallecano, though Jules Kounde still … Read more

The US economy was the worst performing of the G-7 countries in the second quarter, as the UK also reported a downturn

The US was the worst-performing of the major Group of Seven economies in the second quarter, the latest data show. The UK Office of National Statistics on Friday released the G-7 comparison alongside reporting the British economy shrank by a 0.1% rate in the April-to-June period. On the quarterly basis that most countries outside the … Read more

Treasury yields remain mostly lower after US consumer-sentiment data

Most Treasury yields were lower Friday morning after the release of data showing that US consumer sentiment has risen this month but remained mired near an all-time low. What yields are doing The yield on the 2-year Treasury note TMUBMUSD02Y, 3.248% rose to 3.24% from 3.227% at 3 pm Eastern on Thursday. The 10-year Treasury … Read more

US stocks end mixed amid economic data

NEW YORK, Aug. 11 (Xinhua) — US stocks finished mixed on Thursday as investors sifted through the latest economic data. The Dow Jones Industrial Average was up 27.16 points, or 0.08 percent, to 33.336.67. The S&P 500 decreased 2.97 points, or 0.07 percent, to 4,207.27. The Nasdaq Composite Index fell 74.89 points, or 0.58 percent, … Read more

US dollar retreats amid economic data

NEW YORK, Aug. 11 (Xinhua) — The US dollar decreased in late trading on Thursday as market participants parsed newly released economic data. The dollar index, which measures the greenback against six major peers, fell 0.10 percent to 105.0900. In late New York trading, the euro rose to 1.0327 US dollars from 1.0306 dollars in … Read more

Are Nasdaq stocks in a bull market? A history of head fakes says slow your roll

Before passing out cigars in celebration of the birth of a baby bull market for the Nasdaq Composite, investors might want to take a look back at history. Sure, the tech-heavy gauge ended Wednesday up 20.8% from its 2022 closing low of 10,646.10 set on June 16. A rise of 20% from a recent low … Read more

Stock-market investors cheer July inflation data. Big-name firms like PIMCO aren’t so sure.

Wednesday’s release of the consumer-price index report for July contained enough downside surprises to give stock investors hope that the worst of inflation may be behind. Yet an undercurrent of worry remained at big-name firms like PIMCO, where the focus was on stickier components of the data that may only get worse. According to PIMCO … Read more

Check before signing documents, grassroots leaders told

COMMUNITY leaders and “Ketua Kaum” or ethnic group leaders (KMKK) in Sibu, Sarawak, have been urged to refer to their district offices before signing any documents presented to them. Deputy Minister in the Sarawak Premier’s Department (Integrity and Ombudsman) Datuk Dr Juanda Jaya said the local leaders should not be endorsing anything they were unsure … Read more