Author: starbpo

Stamatis Tsantanis, a shipping executive, says that the planned strike at U.S. East Coast and Gulf ports would happen at the worst possible time—during the holiday season. The strike could also make rail travel more difficult. Analysts, on the other hand, say that the chaos could be good for some businesses. The International Longshoremen’s Association and the United States Maritime Alliance’s current contract is set to end on September 30, which means the lockdown of the port is getting near. “A port strike now would be the worst thing that could happen because it could affect Christmas shopping and cause…

Aug. 5, 2024, was the worst day for the stock market all year. Fears of a recession grew as unemployment rose. The S&P 500 SPX -0.21% fell 3% and the Nasdaq Composite COMP 0.00% fell 3.4% on that same day. The Dow Jones Industrial Average DJIA -0.63% fell 2.6%. But small buyers did not panic that day, even though the market did. New information from Vanguard, an asset manager, shows that 97.5% of investors on its website did not trade on August 5. 73% of those who did trade bought on the dip, while only 17% sold out of fear.…

A recent story said that Qualcomm Inc. had talked to Intel Corp. about a possible takeover. This has made equity analysts doubt the benefits of a Qualcomm Inc. and Intel Corp. merger. Concerns about a deal were echoed by credit analyst Dave Novosel of Gimme Credit on Wednesday. He said that the deal would probably need a mix of stock and debt, which would put Qualcomm QCOM 0.51%’s leverage in the same category as junk bonds. FactSet says that Qualcomm has more than $14 billion in bonds that are still outstanding. These bonds have an A grade from S&P Global…

The United Nations — Wednesday, more than two years into Russia’s war, Ukraine’s president asked world leaders to stand with his country and not look for “an out” instead of a “real, just peace.” As President Volodymyr Zelensky comes under more and more pressure from Western allies and some Ukrainians to discuss a cease-fire, he told the U.N. General Assembly that there is no other way to go than the “peace formula” he put forward two years ago. As one of its goals, it wants all Russian troops to leave Ukraine and those responsible for war crimes to be held…

This week, the prices of many commodities have gone up. Oil, silver, and copper are some of the most recent examples. This is because of China’s stimulus measures, but traders should be cautious about the sector’s future until they see proof that the world economy is getting better. Stephen Innes, managing partner at SPI Asset Management, told MarketWatch, “This latest move from China has lit a fire under investors and given them a much-needed spring in their step.” “It is clear that China’s leaders are doing everything they can to fight deflation in order to boost growth.” But it’s “still…

According to the Federal Reserve’s preferred measure of U.S. inflation, prices will likely have been rising a little faster than the bank’s 2% goal in August. However, prices are still going down, which means that interest rates should be lowered even more. At least that’s what economists on Wall Street agree on before Friday morning, when the August report on consumer spending and inflation is expected. It is expected that the “core” rate of inflation, which takes fluctuating prices like food and energy into account, will rise by 0.2% and the “headline” rate of inflation will rise by 0.1%. Both…

Are you worried that Nvidia Corp. won’t be able to keep growing over the next few years? There may be a new reason for buyers not to worry. A new report from Bain Technology says the market for AI hardware and software could grow from about $185 billion now to as much as $990 billion by 2027. This report interests Jordan Klein, an analyst at Mizuho who works from his desk. “This prediction could ease anxieties on the buy side about the long-term viability of big cloud investments and AI investment spending well past 2025,” Klein wrote. Investors in Nvidia…

According to the Federal Reserve’s preferred measure of U.S. inflation, prices will likely have been rising a little faster than the bank’s 2% goal in August. However, prices are still going down, which means that interest rates should be lowered even more. At least that’s what economists on Wall Street agree on before Friday morning, when the August report on consumer spending and inflation is expected. It is expected that the “core” rate of inflation, which takes fluctuating prices like food and energy into account, will rise by 0.2% and the “headline” rate of inflation will rise by 0.1%. Both…

On Wednesday, Trump Media & Technology Group Inc. stock was up almost 11% because insiders had not filed any new stock sales paperwork by the due date of two days ago. On Tuesday, the two-day window for disclosing stock sales ended. This included when a company executive or inside shareholder, like Donald Trump, chose to sell all or part of their ownership stake. People who owned shares in Trump Media & Technology DJT 6.98% could start selling them on Friday. This ended the normal six-month lockup period after the stock’s debut, which happened because the company merged with blank-check company…

NEW YORK — About 2,000 workers at Hawaii’s biggest resort went on strike on Tuesday, joining thousands of other hotel workers in other U.S. cities who were also on strike. At 5 a.m., unionized workers at the Hilton Hawaiian Village Waikiki Beach Resort, which is the world’s biggest Hilton, went on strike that would last until they got their demands met. In exchange for better working conditions and higher pay, they want cuts made during the COVID-19 pandemic to be undone, such as limiting daily room cleaning. When asked for feedback on the strike by email, Hilton HLT -0.32% representatives…