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  • Oct 09, 2024

AI’s Thirst for Power Turns Utility Stocks Into Big Tech Proxies

(Bloomberg) -- The tech world’s obsession with artificial intelligence is continuing to spur a huge demand for power — supercharging returns in the utilities sector and shaking up the S&P 500 index. Wall Street sees more to come.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilSingapore Ends 181 Years of Horse Racing to Make Way

  • Oct 09, 2024

Wall Street’s Gulf Boom Faces Risks From Iran-Israel Tensions

(Bloomberg) -- Wall Street giants have been flocking to the Middle East for a slice of the region’s vast oil wealth, but escalating tensions between Iran and Israel are throwing up new uncertainties.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilSingapore Ends 181 Years of Horse Racing to Make Way for HomesShould Evictions Be

  • Oct 09, 2024

How To Earn $500 A Month From JPMorgan Stock Ahead Of Q3 Earnings

JPMorgan Chase & Co. (NYSE:JPM) will release earnings results for its third quarter, before the opening bell on Thursday, Oct. 10. Analysts expect the New York-based company to report quarterly earnings at $4.00 per share, down from $4.33 per share in the year-ago period. JPMorgan is projected to report revenue of $41.66 billion, up from $39.64 billion a year earlier, according to data from Benzinga Pro. JPMorgan Chase's J.P. Morgan Asset Management penned a deal to enhance its Morgan Money offe

  • Oct 09, 2024

Helen Of Troy Stock Crushes Q2 Expectations Despite Beauty & Wellness Setback

Helen Of Troy Ltd (NASDAQ:HELE) shares surged after the company reported better-than-expected second-quarter results, reaffirming its FY25 sales and EPS outlook. The company reported a second-quarter sales decline of 3.5% year-over-year to $474.221 million, beating the analyst consensus of $458.237 million. The decrease in sales was primarily driven by a decline in Beauty & Wellness due to lower sales of hair appliances, air purifiers, and humidifiers. Total net sales revenue for the Home & Outd

  • Oct 09, 2024

Germany's economy is on track to shrink for a second straight year

Germany's government said Wednesday that the country's economy, Europe's biggest, is on track to shrink for a second consecutive year — underlining the unpopular administration's troubles as it heads into a difficult election year. The new forecast that gross domestic product will shrink by 0.2% this year compares with the government's prediction in April of 0.3% growth and brings it into line with economists, who also have forecast a slight contraction. The German economy shrank by 0.3% in 2023.

  • Oct 09, 2024

Pimco Says Buy Five-Year Bonds as Fed Sticks the Soft Landing

(Bloomberg) -- Investors who expect central banks in industrialized nations to successfully tap the brakes on growth while skirting downturns would do well to target five-year bonds, according to Pacific Investment Management Co.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilSingapore Ends 181 Years of Horse Racing to Make Way

  • Oct 09, 2024

Boeing at Risk of Junk Rating With S&P Amid Strike

(Bloomberg) -- S&P Global Ratings is looking at downgrading Boeing Co.’s credit grades to junk, citing the planemaker’s growing cash needs as it suffers from a strike by machinists that looks increasingly likely to wear on. Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilSingapore Ends 181 Years of Horse Racing to Make Way for

  • Oct 09, 2024

Brazil’s Inflation Accelerates After Electricity Prices Surge

(Bloomberg) -- Brazil’s annual inflation sped up roughly in line with estimates in September after the nation’s energy regulator hiked electricity costs in response to the worst drought on record.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilSingapore Ends 181 Years of Horse Racing to Make Way for HomesShould Evictions Be Ban

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