Canva Holders Are Said to Near Expanded $1.
5 Billion Share SaleThe Easy Money Has Already Been Made in BondsWild Week for Spirit Shares Ends With Rally on Antitrust AppealCrypto Diehards Say #BoycottVanguard on Bogle-Inspired ETF SnubVietnam Sentences 100 People in Terrorism Trial, VnExpress SaysBank Stocks Are Laggards as Questions on Fed Complicate OutlookIMF Approves $600 Million Ghana Payout After Creditor DealItaly Mulls Sale of Up to 20% of Poste Italiane: RepubblicaThe Oil Market Is Making Plans for Red Sea Chaos to Last...
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Mastermind Toys Stops Accepting Gift Cards, Leaving Holders in LimboMastermind Toys has stopped accepting gift cards, leaving holders unsure if their cards will be valid. The move raises concerns about consumer protection and the value of gift cards when a company faces bankruptcy.
Source: CBC - 🏆 32. / 63 Read more »
S&P 500 Calls for 2024 Reflect Limited Increase for StocksMany strategists' S&P 500 calls for 2024 already reflect a limited increase for stocks next year. The median target among the 20 Wall Street strategists tracked by Bloomberg shows the benchmark index finishing 2024 at 4,850, less than 2% higher than where the benchmark closed 2023. Strategists at Goldman Sachs already boosted their 2024 target to reflect the recent run-up in stocks and the shift to a more dovish Fed., with year-end targets of 5,200 for the S&P 500, reflecting about 9% upside from the 2023 close. Meanwhile, the lowest call on the Street for 2024 isthat the S&P will sink to 4,200, which would mark a 12% decline for the benchmark index in 2024.Those that either see the economy not entering a recession at all, or believe that outcome has been talked about so much it won't entail much impact for stocks, predict the S&P 500 hits at least 5,000 in 2024. That camp includes firms like Oppenheimer, Fundstrat, Goldman Sachs, Deutsche Bank, and Bank of America. and causes mass hysteria over it
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks Largely Unchanged Amid Shortened Trading WeekStocks were largely unchanged on Wednesday amid a shortened week of trading and few major catalysts to drive market action. The S&P 500 neared an all-time high record close of 4,796 on Wednesday. The benchmark average and the tech-heavy Nasdaq Composite were barely in positive territory. Meanwhile, the Dow Jones Industrial Average (DJIA) closed slightly lower. For the year, all three major averages are up double digits. The S&P 500 has risen more than 24% while the Dow Jones is up over 13%. The Nasdaq has led gains, adding about 44% thus far this year. As of Wednesday afternoon, the S&P 500 is headed for its ninth straight week of increases, which would mark its best run since 2004. The major average has gained nearly 13% since Nov. 1. The surge higher in stocks over the past two months has come as investors have increased bets that the Federal Reserve will cut interest rates in March and inflation falls closer to the central bank's 2% target with few signs that the US economy is set for a full-on slowdown.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »