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Bloomberg
Fed’s Waller Sees Additional Rate Hikes Into Early Next Year
(Bloomberg) — Federal Reserve Governor Christopher Waller said the US central bank needs to continue to raise interest rates into early 2023 and keep the battle over inflation a top priority despite roiled financial markets.“The focus of monetary policy needs to be fighting inflation,” Waller said in prepared remarks Thursday at the University of Kentucky in Lexington. “We have tools in place to address any financial stability concerns and should not be looking to monetary policy for this purpo
Bloomberg
Hedge Funds Cut Risky Bets During Rally in Runup to Jobs Report
(Bloomberg) — The fast money refused to join the crowd betting the Federal Reserve is about to make a friendly shift in monetary policy. Or at least not before Friday’s jobs report. As stocks were staging the biggest two-day rally since 2020 earlier this week, hedge funds that make both bullish and bearish equity wagers reduced holdings on both the long and short side of their books, according to data compiled by JPMorgan Chase & Co.’s prime broker unit. “We’ve generally seen reticence to add r
Benzinga
3 Reasons To Invest In Treasury ETFs Over Treasuries Themselves
Treasury bills are short-term U.S. government securities with maturities ranging from a few days to 52 weeks. Bills are sold at a discount from their face value. A Treasury note is a U.S. government debt security with a fixed interest rate and maturity between two and 10 years. Alexander Morris, F/m Investment’s president, CIO and co-creator of the U.S. Benchmark Series, said that his organization believes that “the U.S. Benchmark Series will revolutionize the financial markets, making the most
Reuters
Japan’s foreign reserves drop by record on market shakeout, FX intervention
TOKYO (Reuters) -Japan’s foreign reserves fell by a record $54 billion in September, official data showed on Friday, as global market ructions dented the value of foreign bonds and prompted dollar-selling intervention to arrest a steep decline in the yen. The data on Japan’s foreign reserves, the world’s second largest in size after China, came a week after separate MOF figures showed Tokyo spent up to a record 2.8 trillion yen ($19.32 billion) intervening in the market last month. Markets have been speculating that Tokyo had sold U.S. Treasuries in conducting the dollar-selling intervention after the yen’s precipitous drop to 24-year lows against the greenback.
Bloomberg
Tech Stocks Set for More Pain as AMD Revives Earnings Fears
(Bloomberg) — Technology stocks are facing more pain after chipmaker Advanced Micro Devices Inc. revived fears about the upcoming earnings season after warning that third-quarter sales were softer than expected.AMD blamed disappointing preliminary results on weakness in the personal computer market, sending its shares and those of other companies involved in the sector lower in postmarket trading. AMD, Nvidia Corp., Intel Corp. and Microchip Technology Inc. were among chipmakers down more than
Barrons.com
AMD’s Revenue Misses by a Mile. The Stock Is Falling.
The chip maker warned that revenue for the third quarter would be lower than expected. CEO Lisa Su said that the PC market has “weakened significantly.”
TipRanks
‘Take Opportunities on Days Like Today’: Mary Callahan Erdoes Says Now Could Be the Best Time to Invest. Here Are 3 Stocks to Consider
Investors are facing a storm of headwinds right now – a genuine bear market, stubbornly high inflation, rising interest rates, and increased fears of a recession in the near-term. However, Mary Callahan Erdoes, CEO of JPMorgan’s Asset & Wealth Management division, advises investors to stay invested. “It’s actually the easiest time in the world to find alpha — there is alpha everywhere… It’s everywhere, because we are in such a state of change… While all the world is focused on all the black
Benzinga
These 3 REITs Are Paying Huge Dividends
Smart investors know that when a solid company is out of favor with Wall Street and its stock has been beaten down, it’s usually just a matter of time before the stock rebounds and the shares begin to sell in more of their usual range. When REITs are out of favor, their usual 4% or 5% dividend yield can soar to above-average percentages. It takes courage to buy them at these times, but the rewards can be substantial if appreciation occurs, along with the huge dividend yields locked in for the lo
Bloomberg
UK Pensions Still Dumping Assets Before BOE Pulls Support
(Bloomberg) — Pension funds are selling billions of pounds worth of assets to rebuild their cash buffers before the Bank of England removes critical market support next week that it introduced to prevent the collapse of the UK’s government bond market.Individual pension funds are each selling tens or hundreds of millions of pounds of liquid assets to boost their reserves, according to pension consultants with knowledge of the transactions, who asked not to be identified discussing their clients
Bloomberg
Saudi Arabia Defies Expectations and Keeps Oil Prices Steady
(Bloomberg) — Sign up for our Middle East newsletter and follow us @middleeast for news on the region.Most Read from BloombergTrump Says US Agency Packed Top-Secret Documents. These Emails Suggest Otherwise.Nord Stream Leaks Caused by Detonations in Sign of SabotageSecretive Chip Startup May Help Huawei Circumvent US SanctionsKremlin Lets State Media Tell Some Truths About Putin’s Stalling WarStocks Slide for Second Day Ahead of Jobs Report: Markets WrapSaudi Arabia kept oil prices for its main
Bloomberg
Chicago Faces More Corporate Departures as Tyson Moves Out
(Bloomberg) — America’s top meat company is following in the footsteps of hedge fund Citadel and Boeing Inc. with plans to move white-collar workers out of the Chicago area.Most Read from BloombergTrump Says US Agency Packed Top-Secret Documents. These Emails Suggest Otherwise.Musk Revives $44 Billion Twitter Bid, Aiming to Avoid TrialMar-a-Lago Documents Included Pardons, Emails, Legal BillsSecretive Chip Startup May Help Huawei Circumvent US SanctionsStocks Take Breather After Furious Rally F
Investopedia
Top Marijuana Stocks for October 2022
These are the marijuana stocks with the best value, fastest growth, and best performance for October 2022.
TipRanks
Crispin Odey Scored a Whopping 193% Return This Year; Here Are 2 Stocks That the Hedge Fund Tycoon Likes
Most people might not want to glance too often at their stock portfolio in 2022, but not everyone has had a rough year. Making good use of the UK market unrest, Crispin Odey’s hedge fund has had a great one. In fact, with returns of a hefty 193% year-to-date, it has been a record year for the fund. How did the hedge fund tycoon do it? To a large extent, by going short against UK bonds and the British pound, a wise moving considering the pound plummeted even further in September after new Prime M
Yahoo Finance
Stocks trending after hours: Levi Strauss, AMD, Tilray, and more
Levi Strauss, AMD and Tilray are among the top trending stocks in after hours trading on Thursday, October 6, 2022.
TheStreet.com
Enphase Energy Arrives at a Crossroads
Enphase Energy ENPH is an energy technology company that develops and manufactures solar micro-inverters, battery energy storage, and electric vehicle (EV) charging stations primarily for residential customers. In the daily Japanese candlestick chart of ENPH, below, we see a weak picture.