U.S. private employers add fewer than forecast 122,000 jobs in July: ADP
Private employers in the U.S. added fewer roles than anticipated in July, with jobs growth edging down as pay gains continued to slow, according to a report from...
Private employers in the U.S. added fewer roles than anticipated in July, with jobs growth edging down as pay gains continued to slow, according to a report from...
The semiconductor sector is rallying Wednesday, following Advanced Micro Devices' (AMD) second quarter earnings beat driven by the success of its AI-related sales. TCW senior portfolio manager Eli Horton joins Wealth! to discuss where he believes investors should look to capitalize on the AI trend. Horton emphasizes that "the literal foundation" of AI is the power and electric grid. He notes that companies are investing billions in their AI initiatives because "this is mission-critical to their businesses." This investment, he explains, flows into chips, servers and networking, and data centers — all of which require substantial power consumption. Horton describes this as "an indirect way to invest in this theme." However, he cautions that many investors may not be exposed to the true "winners" of the AI trade. "The winners of these themes are old economy industrial-type businesses," Horton tells Yahoo Finance, highlighting companies within electrical equipment and power generation sectors. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
The AUD/USD pair fell almost immediately upon the Wednesday open. This is a market that I think will only continue to see more and more volatility, as the Federal Reserve will move the USD later in the day. However, I think you should also pay close attention to China as
The commercial real estate (CRE) space has taken a hit after the COVID-19 pandemic, stemming from the advent of remote and hybrid work setups. Data from MSCI shows that there is $20.5 billion worth of portfolios of foreclosed and seized properties in the second quarter, a 13% increase since the previous quarter. JPMorgan Co-Head of US real estate stock research Anthony Paolone joins Catalysts to give insight into the current landscape for commercial real estate and what it means for the broader market moving forward. "Interest rates certainly play a big role in commercial real estate and certainly how the properties are valued. But what we think is pretty interesting is that this move up in rates over the last couple of years, we've seen the publicly traded real estate stocks, the REITs [real estate investment trusts] mainly already adjust to that rate environment," Paolone tells Yahoo Finance. "And so to the extent we get any movement down in rates, we think it's actually pretty positive for these companies. We think the private market is still going to take some time to fully adjust." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
The yen surged, after the Bank of Japan raised interest rates, signaled further policy tightening is likely, and and cited concerns about the historically weak currency. + Japanese bonds sold off, lifting yields, after the BOJ said it would also pare back bond purchases. The BOJ said it would keep raising rates if growth and inflation projections were met.
The crypto-Trump trade appears to be softening.
- The U.S. dollar slipped lower Wednesday ahead of the conclusion of the latest Federal Reserve rate-setting meeting, while the Japanese yen soared after the Bank of...
From Solana surging 16% to Hamster Kombat announcing a milestone, here is a 2-minute breakdown of everything important that happened in crypto today.
The yen’s popularity as a funding currency can cause knock-on effects in other markets, helping tighten global financial conditions, BlackRock said.
The Bank of Japan raised its key interest rate to 0.25% on Wednesday. With the Federal Reserve poised to start lowering rates soon, that could help weaken the dollar and help the yen. While the BOJ move was widely expected, it’s significant because it ends decades of Japan keeping short-term interest rates near or below zero.