As the second-quarter earnings season gains momentum, Mark Mahaney from Evercore ISI has made some strategic updates to his list of tactical calls. Mahaney, the head of internet research at the firm, has expressed a positive outlook on the large-cap internet sector for the remainder of the year. Despite the significant 34% rally in the
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The U.S. dollar has been subject to significant fluctuations in early European trade as a result of recent political events. With the increased chance of former President Donald Trump returning to the White House, traders have been left grappling with the implications of this scenario on the value of the dollar. The Dollar Index, which
Recent speculations surrounding potential friendlier crypto regulations in the U.S. have contributed to a surge in Bitcoin price. Traders are optimistic that a second term for Donald Trump in the 2024 presidential race could lead to a more conducive regulatory environment for cryptocurrencies. As a result, Bitcoin rose by 2.3% in the past 24 hours
The US Securities and Exchange Commission (SEC) has indicated that they are likely to approve Ether exchange-traded funds (ETFs) by July 22nd, based on information from industry sources. At least three of the eight firms in question have been informed of this potential approval, with instructions to submit final offering prospectuses by the end of
The senior housing industry is positioned for growth as the American population continues to age, presenting a unique investment opportunity for those looking to capitalize on this demographic trend. Bank of America analyst Joshua Dennerlein has identified Ventas as a key player in this sector, with the potential for significant upside in the coming years.
As second-quarter earnings season kicks into high gear, investors are keeping a close eye on several key stocks set to report their financial results. Among them is streaming giant Netflix, which is scheduled to release its second-quarter earnings on Thursday. With the stock already up about 35% in 2024, Netflix has one of the highest
Federal Reserve Chair Jerome Powell recently confirmed during an interview at the Economic Club of Washington, D.C. that he will complete his term as the top official within the Fed Board of Governors, which ends in May 2026. However, Powell declined to comment on what might happen after that term. This announcement comes as Washington
Goldman Sachs recently announced that it exceeded profit and revenue expectations for the second quarter of the year. The company reported earnings of $8.62 per share, compared to the estimated $8.34 per share by LSEG. Additionally, revenue came in at $12.73 billion, surpassing the estimated $12.46 billion. The second-quarter profit for Goldman Sachs saw a
The North Carolina Local Government Commission recently declined to approve Cabarrus County’s bond requests totaling $228 million. This decision came as a surprise, especially considering that the panel’s staff had recommended approval. However, some members of the commission raised concerns about the county’s use of bond anticipation notes and questioned whether the bonds should undergo
After the recent attempted assassination of former U.S. President Donald Trump, the U.S. dollar initially gained ground alongside the benchmark 10-year Treasury yield. However, the currency market quickly stabilized as investors awaited comments from Federal Reserve Chair Jerome Powell. The Dollar Index, which tracks the greenback against a basket of six other currencies, traded largely