Jerome Powell can't seem to talk markets down. The Fed raised rates by 25 bps as expected and the chair signaled at least two more similar hikes are on the way while emphasizing the need to stay restrictive for some time. He welcomed signs that prices are moderating and didn't push back as hard as anticipated on the recent loosening of financial conditions. Powell discounted the prospect of a 2023 rate cut, but swaps now are pricing in 50 bps of reductions by year-end. US stocks and bonds jumped on Powell's relatively dovish comments. The S&P 500 rose more than 1%, erasing a decline of almost that much, and the Nasdaq added 2%. Treasury yields turned tail and dropped, with 2-years falling 11 bps and 10-years 10 bps, sending the dollar down across the board. Oil weakened and gold advanc
Singapore’s biotech industry is currently attracting some of the world’s best minds in science and venture capital. If you yourself are interested in investing in Singapore’s growing biotech startup scene, there are a few things you should keep in mind. .. those stocks will be a game changers ..https://www.smallcapasia.com/singapore-biotech/
Still a good action by Singaporean to top up thier CPF, a good article by money sense !!!With rising inflation, holding cash will mean you can buy less as prices increase over time. Here's how to ensure that you can still enjoy the same purchasing power in the future.Read more here ➡️ https://bit.ly/3QFay5H
Awesome...... Why need more ? .. awesome stick ... Me buying more ... Good counter to increased to 20000 shares... Encouraging mine friends to buy and investment too on this counter ... Will make money, breakfast lunch and dinner
U.S. stock futures fell Monday morning following a halt in the summer rally last week, as fears of aggressive interest rate hikes returned to Wall Street.Dow Jones Industrial Average futures fell 321 points, or by 0.95%. S&P 500 and Nasdaq 100 futures dropped 1.22% and 1.57%, respectively.On Friday, the S&P 500 closed down 1.29%. The Dow Jones Industrial Average dropped 292 points, or 0.86%, and the Nasdaq Composite dropped 2.01%.Those moves come ahead of what could be a volatile week of trading on Wall Street. Investors are anticipating Fed Chairman Jerome Powell’s latest comments on inflation at the central bank’s annual Jackson Hole economic symposium.
U.S. stock futures fell Monday morning following a halt in the summer rally last week, as fears of aggressive interest rate hikes returned to Wall Street.Dow Jones Industrial Average futures fell 321 points, or by 0.95%. S&P 500 and Nasdaq 100 futures dropped 1.22% and 1.57%, respectively.On Friday, the S&P 500 closed down 1.29%. The Dow Jones Industrial Average dropped 292 points, or 0.86%, and the Nasdaq Composite dropped 2.01%.Those moves come ahead of what could be a volatile week of trading on Wall Street. Investors are anticipating Fed Chairman Jerome Powell’s latest comments on inflation at the central bank’s annual Jackson Hole economic symposium.
Good business objective!! Subway gives woman S$2,500 gift card after she was fined for entering Australia with sandwich from Changi Airport“To say 'thank you' for eating fresh, we’ve uploaded a ‘sub-card’ with A$2,664 just for you. We hope this covers all your chicken and lettuce needs,” Ms Jessica Lee said in the video, reading a note from the fast-food chain.🎁 https://tdy.sg/3IOOjHq @todayonlinesg
I see medical stocks with good potential again, as we battles the current covid and now monkey pox ... Monitor them .. *Mass vaccination against monkeypox not recommended by MOH after WHO declares it a global health emergency*👉🏼 https://www.channelnewsasia.com/singapore/monkeypox-singapore-mass-vaccination-not-recommended-moh-ong-ye-kung-2833131
Today's pre-market stock movers: FDX, REV, BCS, KMX and moreGainers:$Ballys(BALY.US)$ +6% (announces modified "Dutch auction" tender offer to purchase shares at $19.25-$22)$Ferguson(FERG.US)$ +3.4% (enters entered into a non-discretionary arrangement with its brokers J.P. Morgan Securities in continuation of its $2 billion share repurchase program)$Bausch Health(BHC.US)$ +3.3% (chairman resigns)$Sanofi(SNY.US)$ +3.2% (Sanofi-GSK first to report a successful efficacy study against ...
Awesome for me, is a sure buy on Apple 🍎 stock .. collecting more tooAn Apple Watch for your 5-year-old? More parents say yesAcross the United States, parents are increasingly buying Apple Watches and strapping them onto the wrists of children as young as 5. The goal: to use the devices as a stopgap cellphone for the kids.⌚️ https://tdy.sg/3RRZ6UM@todayonlinesg
Is investment in CPF better then stock market?Ordinary Account interest rateInterest rate from 1 July 2022 to 30 September 2022: 2.5% per annumReviewed quarterly, this rate is computed based on the 3-month average of major local banks' interest rates1 (subject to the legislated minimum interest of 2.5% per annum). 1 0.09% for the period from February 2022 to April 2022
MACROThe Fed Will Raise Rates in the Week Ahead, But What Chair Powell Says May Matter MostThe week ahead may all come down to what Federal Reserve Chair Jerome Powell has to say at 2:30 p.m. ET Wednesday.Powell briefs the press following the central bank's two-day meeting. The Fed is widely expected to raise its fed funds target rate range by a half percentage point, but hot May inflation data has made markets nervous about whether policymakers could be even more aggressive or forecast a faster pace of future rate hikes. Bernanke Says Fed Can Sidestep Big Recession in Inflation Fight Former Federal Reserve Chair Ben Bernanke said Fed leaders could pull off a so-called soft landing as long as supply-side inflation pressure improves. Such a scenario could look like no recession or a
Exxon Mobil(XOM.US)$ has recently warned against efforts to curtail fuel exports by the White House administration, according to a letter viewed by The Wall Street Journal.In the letter to the US Department of Energy signed by Exxon CEO Darren Woods, the company said tightening fuel export shipments would put pressure on global supplies and raise fuel prices in the US
Awesome for me, is a sure buy on Apple 🍎 stock ..An Apple Watch for your 5-year-old? More parents say yesAcross the United States, parents are increasingly buying Apple Watches and strapping them onto the wrists of children as young as 5. The goal: to use the devices as a stopgap cellphone for the kids.⌚️ https://tdy.sg/3RRZ6UM@todayonlinesg
Physical property investing really is like stock picking. And , our assessment or luck matter too !!!What seems obvious & looks good initially can have subpar returns years later. https://stackedhomes.com/editorial/prime-resale-freehold-condos-cheaper-than-new-99-year-suburban-condos-too-good-to-be-true/
Stocks rallied Tuesday, with the market resuming a bounce from last month’s lows, as traders bet on strong corporate earnings reports and wagered that markets have found a bottom.The Dow Jones Industrial Average jumped 754.44 points, or 2.43%, to 31,827.05 — closing near the highs of the session as gains accelerated in the final hour of trading. The S&P 500 gained 2.76% to 3,936.69. The Nasdaq Composite rose 3.11% to 11,713.15.