By Jamie McGeever ORLANDO, Florida (Reuters) – One of the many curiosities of 2024 has been how global stocks have surged so strongly even as central banks have drained liquidity from the system. The question for markets is, if draining liquidity wasn’t much of a headwind this year, will its likely reversal next year turn…
Investing.com — Stifel strategists expect that the S&P 500 will peak in the first half of 2025 before falling significantly in the latter half of the year, pressured by slower GDP growth and persistent inflation. Stifel’s team, led by Barry Bannister, projects U.S. real GDP to decelerate to approximately 1.5% in the second half of…
In choosing UNC, Bill Belichick chose himself By making a bold move to the college ranks, former New England Patriots coach Bill Belichick seeks to reaffirm his legacy and silence his critics. Chris Szagola/AP Photo Seth Wickersham, ESPN Senior WriterDec 12, 2024, 08:00 AM ET Close Senior Writer for ESPN.com and ESPN The Magazine Joined ESPN…
Investing.com — Uber Technologies Inc (NYSE:UBER) is positioned for strong growth across its core businesses, helped by rising margins, expansion in delivery operations, and robotaxi partnerships, says TD Cowen. Shares up more than 3% premarket. Uber’s core Mobility business is projected to grow in the low- to mid-teens year-over-year on geographic expansion, especially into less dense…
By Naomi Rovnick LONDON (Reuters) – Central banks in the euro area and Switzerland cut rates on Thursday, a day after Canada slashed rates by a hefty 50 bps. Australia, meanwhile, eased its previously dovish tone this week, while Japan remains an outlier. Here’s where major rate-setters stand and what traders expect next. 1/ SWITZERLAND…
Investing.com — Analysts at Barclays (LON:BARC), in a note dated Thursday, provide a detailed outlook on the UK water sector, focusing on key players such as Pennon (LON:PNN) Group, Severn Trent (LON:SVT), and United Utilities (OTC:UUGRY). As regulatory developments unfold, these companies face changes in their operational and financial landscapes. Barclays has upgraded Pennon to…
FRANKFURT (Reuters) – The European Central Bank cut interest rates for the fourth time this year on Thursday and kept the door open to further easing in 2025 as growth takes a hit from political instability at home and the risk of a fresh trade war with the United States. Following are highlights of ECB…
(Reuters) – Air-taxi maker Archer Aviation said on Thursday it has raised $430 million in fresh capital, part of which will be used to develop a hybrid aircraft with defense tech company Anduril Industries. Existing investors United Airlines and Stellantis (NYSE:STLA) as well as new backers such as Wellington Management and Abu Dhabi investment holding…
Tesla Inc (NASDAQ:TSLA) shares soared to an all-time high Wednesday, marking another significant milestone for Elon Musk’s electric vehicle (EV) manufacturer. Tesla stock closed at $424.77, slightly above the intraday peak of $424.88. The stock’s performance eclipsed the previous record close of $409.97 set on November 4, 2021. The surge in Tesla’s stock value is a…
(Reuters) – Warner Bros Discovery (NASDAQ:WBD) said on Thursday it would implement a new corporate structure where it would serve as the parent for two distinct operating divisions — linear TV business and a unit comprising its studios and streaming platform. Source
