July 2024 - Talad tool

31 Jul

Fed Inflation Gauge Points to Reducing Pressure, Possible Path for Rate Cuts

Howard L. PettersonNews

More news - Breaking news A key inflation gauge for the Federal Reserve showed a modest increase in June from a year earlier, potentially setting the stage for an expected interest rate cut in September. The personal consumption expenditures (PCE) price index, a key measure of inflation, rose 0.1% in June and is up 2.5% year over year, matching Dow Jones estimates, the Commerce Department reported Friday. That follows a 2.6% year-over-year increase in May, with the monthly measure unchanged. The Federal Reserve relies heavily on the PCE index to measure inflation, which remains above the central bank's long-term target…

31 Jul

Diageo sales plunge on market challenges, but Guinness shines

Howard L. PettersonNews

More news - News 24 hours Shares of Diageo, the renowned spirits maker behind Johnnie Walker, fell more than 10% on Tuesday after it reported its first annual sales decline since the pandemic began. By the end of the trading day, the shares had recovered some losses but still closed down 5.08%. The London-based company reported a 0.6% decline in organic net sales for the fiscal year ended June 30, attributed primarily to underperformance in Latin America and the Caribbean markets. Reported net sales fell 1.4%. Despite the overall downturn, Guinness emerged as a bright spot for Diageo. The iconic…

30 Jul

Philips shares rise 10.5% on strong second-quarter sales despite weakness in China

Howard L. PettersonNews

More news - Breaking news Shares in Dutch company Philips rose more than 10.5% on Monday morning after it reported second-quarter earnings that beat analysts' expectations. As of 9.32am London time, the stock had seen a slight decline, up 10.45%. Philips reported a 2% increase in group comparable sales to €4.5 billion ($4.88 billion), mainly driven by strong demand in North America, while sales in China declined. The company, known for its medical devices and personal care products such as electronic toothbrushes, also saw a 9% increase in comparable orders during the quarter. Philips attributed the muted demand in China…

30 Jul

Top After-Hours Stock Moves: Chesapeake Energy, F5, Lattice Semiconductor & More

Howard L. PettersonNews

Related media - News 24 hours After the close, several stocks experienced significant movements, catching the attention of investors and market analysts. Among the most notable were Chesapeake Energy, F5, and Lattice Semiconductor, among others. Here, we delve into the details of these post-market swings and what they could mean for the future. Chesapeake Energy Chesapeake Energy saw a substantial increase in its stock price after hours. The surge can be attributed to the company's recent announcement of better-than-expected quarterly earnings. Chesapeake's strong performance in its natural gas and oil segments has reassured investors about its long-term growth potential. Analysts…

30 Jul

Conor Daly Talks IndyCar, NASCAR, and the Balancing Challenges of Both

Howard L. PettersonNews

More news - Latest news Conor Daly recently had a busy week, competing in three different races in three different types of vehicles: an IndyCar, a NASCAR truck, and a NASCAR Xfinity Series car. This feat is particularly impressive for a driver without a full-time racing contract. The 32-year-old Daly, son of former Formula One driver Derek Daly and stepson of Indianapolis Motor Speedway chairman Doug Boles, has a storied career with 110 IndyCar starts, although he has competed in only two IndyCar races this year. He finished 10th in the Indianapolis 500 and 27th at Iowa, filling in for…

29 Jul

Understanding the Current Real Estate Market Through Six Charts

Howard L. PettersonNews

Related media - Recent news Today's housing market is significantly different from that of just a few years ago. High mortgage rates and rising home prices have reduced consumer purchasing power, while limited housing supply maintains fierce competition. As a result, housing affordability has declined significantly since the pandemic began. Here are six charts that illustrate the current state of the real estate market and its implications: 1. Mortgage rates:The 30-year mortgage rate, a popular choice among homebuyers, is key to understanding the market. This rate determines the cost of borrowing to buy a home. The rate has recently hovered…

UK regulator fines Coinbase’s UK arm .5 million for high-risk customer breaches

29 Jul

UK regulator fines Coinbase’s UK arm $4.5 million for high-risk customer breaches

Howard L. PettersonNews

Related media - News 24 hours Coinbase’s UK subsidiary has been fined £3.5 million ($4.5 million) by British regulators for breaching an agreement aimed at preventing the cryptocurrency exchange from taking on high-risk customers. The Financial Conduct Authority (FCA) has imposed the fine on CB Payments Limited (CBPL), a subsidiary of Coinbase Group, which operates a global cryptocurrency trading platform. The fine comes after CBPL breached a voluntary agreement it entered into in October 2020 to avoid taking on and offering services to high-risk clients. The FCA reported that CBPL served 13,416 high-risk customers despite the settlement, with 31% of…

28 Jul

GM Launches Most Powerful Chevy Corvette Ever: The 2025 ZR1

Howard L. PettersonNews

Related media - News 24 hours DETROIT — General Motors has unveiled the latest version of its iconic sports car, the Chevrolet Corvette, set to become the most powerful model in the brand’s history. The 2025 Chevy Corvette ZR1 will feature a 5.5-liter twin-turbo V8 engine that produces over 1,000 horsepower and 828 pound-feet of torque. This significant increase in power positions the ZR1 among the elite supercars, typically priced in the hundreds of thousands of dollars. “This car accelerates like a freight train,” noted Tadge Juechter, Corvette’s executive chief engineer since 2006, at a recent media event. “We expect…

28 Jul

Starliner crew mission delayed until August, NASA says

Howard L. PettersonNews

Related media - Recent news NASA has announced that Boeing’s Starliner spacecraft will remain docked with the International Space Station (ISS) until August as the agency and Boeing address issues that arose early in the mission. The Starliner capsule, named "Calypso," has been in space for more than 50 days, carrying NASA astronauts Butch Wilmore and Suni Williams. Originally scheduled for an early return, the mission faced several delays as NASA conducted necessary ground tests before approving the spacecraft's reentry. In a recent press conference, Steve Stich, NASA's commercial crew manager, said that despite significant progress, the agency is not…

28 Jul

How Mijael Attias combines experience and creativity in investing

Howard L. PettersonSocial Responsibility

In the current era, characterized by rapid changes and dynamic financial market conditions, making investment choices has evolved into a more intricate endeavor. The investment landscape, which formerly revolved around a select group of financial products, now covers a broad spectrum, including stocks, bonds, cryptocurrencies, and digital assets. In light of this, comprehending the elements that affect market activities and crafting well-thought-out, diversified investment strategies are paramount.Investing transcends merely acquiring financial assets; it represents a strategic choice. This process entails establishing distinct objectives, evaluating individual risk tolerances, and selecting investments that align optimally with the unique requirements of each investor.…