• Aug 13, 2024

New Zealand Cuts Rates as Slumping Economy Slows Inflation

(Bloomberg) -- New Zealand’s central bank cut interest rates, embarking on an easing cycle much sooner than previously indicated as the economy slumps and inflation slows. The local dollar plunged.Most Read from BloombergBiden Invests $100 Million to Fuel Housing ConstructionIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceJohannesburg Mayor Quits Amid Infighting, Financial WoesGottheimer Calls for Rail R

• Aug 13, 2024

Don't rush back into the stock market as more pain is coming if the economy keeps slowing, Stifel chief strategist says

Stifel's chief equity strategist said there's potential for a bear market if the economy keeps slowing and inflation remains sticky.

• Aug 13, 2024

If You'd Invested $1,000 in Amazon Stock 10 Years Ago, Here's How Much You'd Have Today

Amazon's shares have richly rewarded shareholders. Is the stock still worth buying?

• Aug 13, 2024

Shunning home markets, South Korean retailers pile-up on US stocks

South Korea's mom-and-pop investors are defying last week's global financial markets rout by pouring even more funds into U.S. stocks, a years-long trend that analysts and investors bet will continue due to the depressed value proposition at home. South Korean retailers have been scooping up Nvidia, Tesla Inc. and Apple shares this year fuelled in part by the worldwide AI-frenzy, a move that comes despite government efforts to boost the domestic stock market. Sunny Noh, a 49-year-old who has been investing in Tesla since 2020 and now holds about 85% of his financial assets in the electric-vehicle maker, said he sees the recent market plunge as a long-term buying opportunity.

• Aug 13, 2024

These are the 30 best-performing stocks of all time

A single dollar invested in Altria in 1926 is worth about $2.7 million today, according to Hendrik Bessembinder's new research paper.

• Aug 13, 2024

Apple Stock (NASDAQ:AAPL): 5 Bullish Signs and 1 Red Flag

Apple (AAPL) recently posted its Fiscal Q3 earnings, revealing a series of bullish indicators alongside a notable concern. In this article, we will explore five key bullish signs emerging from Apple’s latest results that highlight its growth potential and overall financial strength. At the same time, I will address one red flag that could negatively influence the stock’s investment case. For this particular reason, I remain neutral on AAPL stock despite its otherwise attractive characteristics.

• Aug 13, 2024

Cathie Wood buys $2.4 million of sliding major tech stock

The Nasdaq Composite index has climbed 14% year to date.

• Aug 13, 2024

Analyst revises AbbVie stock price target on drug-sale estimates

This is what could happen next to AbbVie shares.

• Aug 13, 2024

Bitcoin on exchanges falls to a new low and may signal a major price spike

A record low amount of bitcoin on exchanges indicates a bullish trend, potentially leading to new all-time highs.

• Aug 13, 2024

Bitcoin miner Riot Platforms raises stake in rival Bitfarms to 18.9%

Riot acquired 1 million common shares of Bitfarms on Tuesday, representing about 0.22% of issued and outstanding Bitfarms common stock. The acquisition takes the total count of Bitfarms shares owned by Riot to about 85.3 million. Bitfarms said earlier in the day its co-founder and chair Nicolas Bonta, one of the three board members top shareholder Riot sought to replace, would leave the company immediately.