John M. Chase/iStock Unreleased via Getty Images Salesforce (NYSE:CRM), a customer relationship management company, reduced its workforce by about 300 positions over the past month, according to a report by Bloomberg. The software firm is reducing roles as it spends more on product innovation, according to people familiar with theContinue Reading
Traders and investors are becoming increasingly anxious as the stock market continues to climb in 2024 as the S&P 500 (SP500) has set a new all-time high on over 30 occasions this year alone, but Michael Arone, Chief Investment Strategist at State Street Global Advisors outlined three reasons on whyContinue Reading
AleksandarNakic/E+ via Getty Images Arhaus (NASDAQ:ARHS) fell in afternoon trading on Monday after Jefferies cut its rating on the retailer to Hold from Buy. Analyst Jonathan Matuszewski and his team lowered estimates on Arhaus (ARHS) due to slowing site traffic growth, falling e-commerce conversion, and a growing percentage of browsingContinue Reading
Funtap Real estate investment trusts, or REITs, continued to lower their net asset value discount in June as investor sentiment improved on the back of increased hopes for a near-term rate cut. Traders see a 66.5% probability of a September 25-basis-point rate cut now, compared to 47.0% at the beginningContinue Reading
Pixelbizz/iStock Editorial via Getty Images The Netherlands’ Council of State ruled that ASML (NASDAQ:ASML) can continue expansion at its headquarters in Veldhoven, rejecting objections from two neighbors, Reuters reported. The country’s highest administrative court noted that complaints that the new facilities would lead to issues of traffic and noise wereContinue Reading
vovashevchuk The negative correlation between the U.S. dollar (DXY) and the S&P 500 (SP500) is expected to continue for several months. According to a technical research report by Piper Sandler, the negative correlation between the U.S. dollar (DXY) and the S&P 500 (SP500) has lessened a little during June (downContinue Reading
Daenin Arnee MBA Mortgage Applications Composite Index: +0.8% vs. +0.9% a week ago. Purchase Index: +1.2% vs. +1.6% in the previous week. Refinance Index: -0.1% vs. -0.4% in prior week. 30-year fixed-rate mortgages came in at 6.93%, compared to 6.94% last week. “Lower rates, however, were still not enough toContinue Reading
Jonathan Knowles Coca-Cola Company (NYSE:KO) traded 1.4% higher on Monday after BNP Paribas Exane initiated coverage on the beverage stock with an Outperform rating and named it a top sector pick. Analyst Kevin Grundy pointed to a compelling valuation on Coca-Cola (KO), even factoring in the likelihood of an unfavorableContinue Reading
U.Today – According to a recent report, on June 20, spot exchange-traded funds (ETFs) saw a massive outflow of $140 million, marking the fifth consecutive day of BTC outflows from these entities. This data was shared by popular cryptocurrency journalist and blogger Colin Wu on his X account. Wu specifiedContinue Reading
