Signet Jewelers (NYSE: SIG) isn’t a household name among investors or even shoppers, but you likely know some of its brands.The company is the world’s largest diamond jewelry retailer and owns banners like Kay, Zales, Jared, and Blue Nile, among others. While the jewelry market has been volatile in recent years, swinging back and forth amid pandemic highs and lows, the stock has been a winner over the last five years, up more than 400% during that time.As you can see from the chart below, the stock soared in 2021, benefiting from a burst in consumer spending with the help…
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SpaceX has been in the news quite a lot lately.This past weekend, SpaceX successfully brought back four astronauts from the first ever commercial spacewalk. In August, aerospace firm Boeing had its latest high-profile failure when its Starliner spacecraft was deemed unsafe for transport. The ship brought astronauts Butch Wilmore and Suni Williams to the International Space Station but suffered multiple failures in the process. So NASA decided that a trip back on the Starliner was too risky. Instead, they have turned to rival SpaceX to bring the pair home in February.Additionally, the company’s increasingly popular Starlink subsidiary continues to expand, most…
Crude Oil flat in a week where the Fed meeting on Wednesday will take up all the attention. More bearish news for Oil with China’s economic data deteriorating even further. The US Dollar Index hit with selling pressure, trading at the lower boundary of September’s bandwidth. Crude Oil trades flat halfway through the European session on Monday after more weak Chinese economic data released over the weekend weighs on prices. Price action this week will largely depend on the US Federal Reserve (Fed), which is set to cut interest rates with markets deeply divided over whether rates will be lowered by only 25…
In the weeks leading up to the Nov. 5 election, you’ll likely hear numerous instructions about how to vote. The amount of information available can be overwhelming and difficult to comb through, so The Dallas Morning News has compiled a simple guide that answers the most important questions about how to vote in Texas:Where can I vote?As long as you registered to vote by Oct. 7, you’re set to head to the polls.All voters must cast their ballots in the county they are registered to vote in. If you’ve moved recently within the state, you must update your registration with…
(Reuters) – Futures tied to Canada’s main stock index edged higher on Monday ahead of the U.S. Federal Reserve’s monetary policy decision later in the week, with investors anticipating a steeper interest rate cut.Futures on the S&P/TSX index were up 0.1% at 6:01 a.m. ET (10:01 GMT).Odds of a hefty 50-basis points cut in key interest rate at the end of the Fed’s two-day meeting on Wednesday have risen to 59% from 30% last week, according to CME’s FedWatch tool.Meanwhile, Bank of Canada Governor Tiff Macklem has opened the door to stepping up the pace of interest rate cuts, the…
NEW YORK — U.S. stock indexes stormed back from big early drops on Wednesday to finish higher, led by a handful of influential Big Tech companies. The S&P 500 rallied 1.1% after erasing a morning wipeout of 1.6%, one where almost every stock within the index had been falling. A majority of the index’s stocks still finished lower for the day, but the performances by Nvidia and other tech stocks were enough to drive it to a third straight gain and back within 2% of its all-time high set in July. The Dow Jones Industrial Average rose by 124 points,…
Recent equity rotations reflect a downgraded outlook for economic growth, yet the prospect of Federal Reserve easing has kept the near its all-time high. Goldman Sachs predicts a 25 basis point cut by the Fed next week and anticipates 200 basis points of easing by 1Q 2026, compared to market expectations of 260 basis points. For comparison, the futures market currently assigns a 45% probability to a 50 basis point cut next week and is pricing in 115 basis points of total Fed easing for 2024, along with an additional 140 basis points of cuts in 2025. However, the bank’s…
(Bloomberg) — A lucrative trade that offered hedge funds a way to ratchet up profits on Chinese debt instruments is starting to lose its charm.Most Read from BloombergData due this week may show a popular strategy — which had resulted in a fourfold increase in foreigners’ holdings of Chinese bank notes over the past year — has lost momentum in August, analysts said.The trade involves overseas investors lending out their dollars in return for the yuan and using the proceeds to buy short-term bonds. Returns on the strategy have dwindled due to a lower demand for foreign-exchange in the swaps…
The looming US presidential election is adding to a slew of headwinds for Chinese stocks, as both candidates use hardline rhetoric on economic policy towards Beijing.US vice-president Kamala Harris and former president Donald Trump agreed on very little during their debate last week, but both favour a tough stance towards the world’s second-largest economy, using technology restrictions or tariff hikes. Regardless of the election outcome, geopolitical tensions will continue to haunt Chinese stocks for another four years, according to Daiwa Securities Group.Fallout from the debate may exacerbate negative sentiment towards China’s US$8 trillion stock market, where the benchmark CSI 300…
Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price dropped 2% in the last 24 hours to trade at $58,258 as of 00:41 a.m. EST, even as trading volume skyrocketed 55% to $23 billion. This comes as analyst Titan of Crypto, with almost 92k followers on X, predicts that BTC could break above $92,000 after months of downward movement. Drawing from historical post-halving chart patterns, he suggests that BTC is now on the verge of a three-month rally. #Bitcoin Rally Imminent? 🚀 In previous cycles, when the price retested the 50-week simple moving…