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  • Aug 15, 2024

Fed's Bostic open to September rate cut, FT reports

"I'm open to something happening in terms of us moving before the fourth quarter," Bostic told the newspaper. Bostic's comments are a step ahead of his comments earlier this week where he said he wants to see "a little more data" before he's ready to support lowering interest rates. U.S. consumer prices rose moderately in July and the annual increase in inflation slowed to below 3% for the first time in nearly 3-1/2 years, opening the door wider for the Federal Reserve to cut rates next month.

  • Aug 15, 2024

Lenovo Q1 revenue jumps 20%, beats estimates as PC market recovers

China's Lenovo Group reported a 20% rise in its quarterly revenue on Thursday, as the global personal computer market showed signs of recovery after a two-year slump. For the three months ended in June, the company's revenue rose to $15.4 billion, above the average estimate of $14.1 billion expected by analysts polled by LSEG. This marks a third consecutive quarter of revenue growth for Lenovo after it suffered five straight quarters of revenue declines amid the post-COVID slowdown.

  • Aug 14, 2024

McDonald’s Stock (NYSE:MCD): Comparable Sales Turn Red — Now What?

McDonald’s (MCD) shares have declined by 7.4% year-to-date, mainly due to enduring bearish sentiment sustained by decelerating comparable sales, which even dipped into negative territory in its most recent Q2 results. This, in turn, can be largely attributed to wider industry trends and factors beyond McDonald’s control. Despite this, the company is on track to see record sales and near-record earnings this year, all while trading at an attractive valuation. Thus, I am bullish on MCD stock and b

  • Aug 14, 2024

Margin trading in Japanese stocks sharply shrinks after market rout

Trading using borrowed money, or margin trading, in Japan's stock market fell sharply last week as investors were forced to dump stocks during the Nikkei index's biggest fall in nearly 40 years. Margin trading, which involves using borrowed cash from brokerages to ramp up bets in the stock market, is popular among Japanese retail investors.

  • Aug 14, 2024

Bullish on Starbucks Stock’s Star CEO, Growing Dividend, and Solid Value

Shares of coffeemaker Starbucks (SBUX) received a jolt of nearly 25% yesterday on news that Chipotle (CMG) CEO Brian Niccols, who is a star when it comes to leadership, will be taking over as CEO in September. Even after this incredible one-day gain (the stock’s largest ever), shares of Starbucks could have plenty of upside ahead. I’m bullish on Starbucks based on the excellent choice it made in the hiring of its new CEO, the company’s reasonable valuation, and its attractive 2.4%-yielding divid

  • Aug 14, 2024

Temasek Spent Billions on US Tech Stocks Before July Selloff

(Bloomberg) -- Singaporean state-owned investor Temasek Holdings Pte spent billions of dollars in the second quarter buying shares in US technology giants, just before the sector dropped in July.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionJohannesburg Mayor Quits Amid Infighting, Financial WoesTem

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