So the government didn't shut down (yet) — what does that mean for the stock market?

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

We will likely see a groundswell of Wall Street chatter on how the ongoing debt ceiling drama is slowly eroding confidence in the country.

to sidestep yet another government shutdown. The House voted 335-91, and the Senate voted 88-9 to advance the measure. How did this get done? Basically, $6 billion in Ukraine aid was left out .

The interesting aspect here is that while oil prices are hurting companies, another rate hike could raise the cost of capital for companies with big-time debt such as Carnival. It's a weird moment in time for the economy, and companies are voicing their concern for the short-term path forward. Sure, companies often sandbag their guidance. It's still not good to see negative pre-announcements in my humble view — it's a sign dynamics in a business are surprising executives enough to communicate to markets a valuation adjustment is needed.I’m a Self-Made Millionaire: Here Are 5 Stocks I’m Never Selling

I’m a Financial Planning Expert: Here Are 5 Things You Should Never Spend Money on If You Want To Be Rich

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ackman Considers Musk’s X for New Investment Vehicle, WSJ SaysBillionaire Bill Ackman would be interested in pursuing a deal with Elon Musk-owned X Corp. as part of a new investment vehicle, the Wall Street Journal reported.
Source: BNNBloomberg - 🏆 83. / 50 Read more »