Tag: C&E Exclusion Filter
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Despite market volatility, retail investors went on a buy-the-dip spree. These are the stocks they picked up, says Vanda.
Churning financial markets, as the failure of three U.S. banks and uncertainty over one big European one continues to play out, did not stop some investors from buying that so-called dip in the stock market at one point last week. That’s according to a weekly report released Friday from Vanda Research, which said retail investors ... -
The U.S. dollar bounces to 2023 high as Fed’s Powell signals higher rates
Dollar bears got shaken up by Federal Reserve Chair Jerome Powell’s two-day appearance on Capitol Hill this week highlighting the need to move interest rates higher than previously anticipated. The ICE U.S. Dollar Index DXY, +0.07%, a measure of the currency against a basket of six major rivals, was flat at 105.65 during Wednesday afternoon ... -
SEC freezes assets of investment adviser BKCoin, alleges $100 million crypto fraud scheme
The U.S. Securities and Exchange Commission announced an emergency action on Monday against Miami-based investment adviser BKCoin Management LLC and one of its principals, Kevin Kang, alleging a crypto-asset fraud scheme. The SEC said it successfully obtained an asset freeze, appointment of a receiver, and other emergency relief. The SEC said the emergency action was ... -
Why silver is outperforming gold
Silver has sharply outpaced gold’s gains in the past three months, and its classification as both an industrial and precious metal may lead it on a path to even higher prices. From Oct. 31 to Jan. 31, Comex silver futures SI00, +0.11% SIH23, +0.11% climbed nearly 25%, outpacing gold’s GC00, -0.65% GCJ23, -0.65% almost 19% climb, a “statistically ... -
Gold taps fresh 9-month high, then retreats after latest Fed rate hike
Gold prices on Thursday tapped the highest level for a most-active contract in more than nine months as investors bet that the Federal Reserve will soon conclude its campaign of interest-rate hikes. Prices for the precious metal, however, have pulled back, hit by what some analysts referred to as profit taking and weighed down as ... -
Shell Posts $41 Billion Profit, Adding to Industry’s Record Haul — Commodities Roundup
–Brent crude oil edged down 0.6% to $82.37 a barrel. –European benchmark gas fell 3.7% to EUR57.32 a megawatt hour. –Gold futures rose 1.4% to $1,970.50 a troy ounce. –LME copper rose 1.1% to $9,152.50 a metric ton. –Wheat futures rose 1% to $7.67 a bushel. TOP STORY: Shell Posts $41 Billion Profit, Adding to ... -
Amorepacific Shares Rally After Above-Consensus Quarterly Earnings
By Kwanwoo Jun Amorepacific Corp.’s shares rallied Thursday, a day after posting above-consensus quarterly earnings despite sluggish cosmetics sales. Shares of the South Korean beauty-product company rose as much as 8.6% to 153,500 won ($125.60) in morning trade, staying on course to post their biggest daily percentage gain in nearly two months. The stock outperformed ... -
Comcast sells nearly 6 million shares of its Buzzfeed stake amid sharp rally
Comcast Corp. has sold part of its stake in Buzzfeed Inc., which has seen its shares surge in recent days amid enthusiasm for the publisher’s artificial-intelligence efforts. Comcast CMCSA, +1.58% disclosed Wednesday in a filing with the Securities and Exchange Commission that it sold 5,726,385 shares of Buzzfeed BZFD, -5.22% in the open market between ... -
‘Decidedly less hawkish’: 4 takeaways from Powell’s press conference as Fed hikes rates again
The Federal Reserve on Wednesday approved a quarter-percentage-point hike in interest rates to a range of 4.5%-4.75%. That was the smallest rate hike in a year, and one that had been telegraphed by many Fed officials. In addition, the Fed’s statement left in language that it saw “ongoing increases in the target range” — which ... -
As Fed raises rates by a quarter point, here’s where financial advisers are telling their clients to invest — and store — their money
The Federal Reserve boosted its influential interest rate yet again Wednesday, even as more signs indicate that inflation is cooling. It hiked the benchmark’s key rate by a quarter of a basis point, bringing it to the 4.5%–4.75% range. One basis point is equal to one hundredth of a percentage point. The Fed’s central bankers have said ...
