Posted: June 22, 2023 7:22 p.m. ET Has the Federal Reserve done enough to bring inflation back to its target, or does it need to do more? Richmond Fed President Tom Barkin said Thursday he was unsure and could take a few months to make up his mind. “I’m still waiting for the haze to … Read more
Cheaper, faster growing and higher quality than the rest of the market. These are the qualities outperforming portfolio manager Jordan Cvetanovski has been looking for in stocks for nearly 20 years. And the results have been consistent throughout the global financial crisis, in the era of zero interest rates – and now, high interest rates. … Read more
From drive-thru to back-end operations to predictive ordering for consumers, restaurant brands are beginning to pilot artificial intelligence to streamline food service. The technology has yet to reach critical mass in large chains, but has the potential to automate more tasks and empower restaurant workers to have a more meaningful experience with customers. Analysts say … Read more
My top 10 things to watch Friday, June 16 1. Success of Cava (CAVA): doubled on its first day of listing. Added another 3% early Friday. The well-received Mediterranean restaurant chain will open the floodgates for the IPO, as expected, here. In food and beverage, the Club owns Starbucks (SBUX), and we looked at how … Read more
An hour ago UK two-year gilts hit 15-year high Yields on UK two-year gilts rose to their highest level since April 2008 on Friday, extending gains made in previous sessions. Yields on 2-year government bonds hit 4.935% in morning trade, according to data from Refinitiv. See the table… 2 year old UK foil. The rise … Read more
Microsoft CEO Satya Nadella speaks at the company’s Build developer conference in Seattle on May 23, 2023. Microsoft Microsoft shares hit a record high on Thursday after analysts at JPMorgan Chase touted the software maker’s growth prospects in artificial intelligence. The stock rose 3.2% to close at $348.10, surpassing its all-time high reached in November … Read more
The Federal Reserve took a break from raising rates. The Cava restaurant chain is about to go public. The Chinese economic recovery is running out of steam. Here are the most important information investors need to start their trading day: The Federal Reserve on Wednesday held its benchmark rate steady after more than a year … Read more
A man walks past a sign bearing the logo of Logitech on the campus of the Ecole polytechnique fédérale de Lausanne in Lausanne, Switzerland, November 27, 2019. Fabrice Cofrini | AFP | Getty Images Find out which companies are making headlines in the midday business. Logitech – Shares fell 12.3% after the company announced the … Read more
Global oil demand growth will almost stop by 2028, the International Energy Agency found in its latest Oil 2023 Mid-Term Market Report. Chinese consumption is also expected to slow after an initial latent recovery. The agency predicts that global oil demand under current market and policy conditions will grow 6% from 2022 to 105.7 million … Read more
The latest actions by China’s central bank “further confirm that policymakers have shifted to a proactive easing of the wait-and-see attitude,” Citi economists said. Barclays economists predict that China will cut rates for every quarter until the start of 2024, “entering a cycle of rate cuts”. SHANGHAI, CHINA – NOVEMBER 04, 2022: Buildings in Lujiazui … Read more
