Dow Jones & Nasdaq 100 Advance on Inflation Optimism, Overshadowing BoJ Rate Hike Bets
James E. Thorne, Chief Market Strategist at Wellington-Altus, commented on the potential return of the yen carry trade, stating:
“With Prime Minister of Japan Shigeru Ishiba’s resignation, Sanae Takaichi is now the front-runner to lead Japan, signalling a major policy shift that will directly affect the Bank of Japan. Takaichi’s support for maintaining low interest rates is likely to keep the yen weak and incentivize global capital outflows through the yen carry trade.”
Fed rate cut bets lifted stock futures,
Read MoreStock Market LIVE Updates: GIFT Nifty indicates a flat opening; US markets mixed, Asia gains
Sensex Today | Equirus Securities initiates ‘sell’ on NSDL, ‘add’ on CDSL
Central Depository Services Ltd was quoting at Rs 1,548.80, down Rs 0.00, or 0.00 percent.
It has touched an intraday high of Rs 1,567.30 and an intraday low of Rs 1,532.20.
In the previous trading session,
South Korean Prez Lee says detention of workers in US may impact investments
Addressing a press conference on his 100th day in office, Lee blamed the raid on “cultural differences”, saying that in South Korea, American nationals teaching English while on a tourist visa was not seen as “a serious issue”
South Korean President Lee Jae Myung on Thursday said that companies based in the country will be hesitant to invest and operate in the US in the absence of a proper visa system for its workers.
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Read MoreTesla bull Dan Ives now chairs a company hoarding a Sam Altman-linked cryptocurrency. He’s not the only big name to enter the treasury race
Crypto’s newest craze is attracting some big names—including one of Tesla’s biggest bulls.
Tom Zirpoli: Who is Lisa Cook, Federal Reserve governor targeted by Trump? | COMMENTARY
On Aug. 25, President Donald Trump stated that he had fired Federal Reserve Governor Lisa Cook, claiming that she had committed mortgage fraud by listing two homes as her primary residence on a loan application. Cook responded that she was staying in her job because Trump didn’t have the authority to fire her,
Read MoreThe Burst
Billionaires Are Loading Up on This Stock
When you look at search engine market share worldwide, no other comes close to Google (GOOGL)(GOOG). Over the past year, Google held a 92.% global market share, followed by Microsoft Bing with just 3.42%.
In spite of its dominance, Alphabet Inc., Google and YouTube’s parent company,
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Read MoreThe Ivy
Market Commentary: No-Brainer Way To Beat The Market
If you want to beat the market, some will tell you it’s not possible. And then there’s Warren Buffett, proving every day it can be done. But what if you can’t pour over earnings reports and 10-Qs daily like the Oracle of Omaha? Is there another way that few have cottoned onto but which is fairly simple and doesn’t require a ton of work?
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