Summary: Stocks closed the quarter with record gains as investors responded positively to Federal Reserve Chair Jerome Powell’s commitment to support the economy
Full articleSummary: Federal Reserve Chair Jerome Powell indicated that more interest rate cuts are forthcoming but stressed that they will not be rushed, expressed confidence in the country's economic outlook, and hinted at the possibility of further rate cuts based on economic developments.
Full articleSummary: US stocks wavered on Monday despite strong monthly and quarterly gains as investors reacted to Jerome Powell's commitment to support the economy while signaling no rush for future rate cuts. Market preparing for crucial September jobs report.
Full articleSummary: Eli Lilly and Company stock fell 0.1% during trading on Monday despite positive analyst ratings and strong earnings report in August. Institutional investors have been modifying their holdings of the stock recently.
Full articleSummary: Dow announces the launch of REVOLOOP™ Recycled Plastics Resins for cable jackets, aiming to advance circularity and sustainability in the global wire and cable industry.
Full articleSummary: Major averages were lower on Monday with hopes for a strong end to the month in the final trading session of September.
Full articleSummary: Morgan Stanley analyst downgrades JPMorgan Chase citing challenges related to potential interest rate cuts and limited upside compared to peers.
Full articleSummary: Microsoft has outlined plans to secure its controversial Windows Recall feature ahead of launch which was initially intended to be released in June as a flagship feature for Copilot Plus PCs but was delayed due to data security and privacy concerns.
Full articleSummary: Dow Inc. is expanding operations in North America due to lower natural gas prices. In Europe, the company is looking at 'right-sizing' operations as industrial demand remains 25% lower than pre-pandemic levels. Dow plans to focus on investments in product chains with energy and feedstock advantages, particularly in the Americas.
Full articleSummary: Bank of America Securities expects the European luxury goods sectorial slowdown to continue into the second half of 2024 and 2025 due to a decline in the luxury consumer spending, particularly from the Chinese market.
Full articleSummary: D.A. Davidson downgraded Microsoft to neutral rating from buy due to fears that rivals have caught up in cloud computing, particularly Amazon Web Services and Google Cloud Platform posing threats to Microsoft's Azure platform. Analyst maintained price target at $475, approximately 9% higher than Friday's closing price.
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