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JPMorgan: Eight Developed-Market Central Banks to Lift Rates Soon
The Wall Street Journal14d agoneutral
JPMorgan: Eight Developed-Market Central Banks to Lift Rates Soon

JPMorgan Chase analysts expect eight of the world's nine developed-market central banks to lift interest rates before the end of the year in efforts to tame sticky inflation and commodity price pressures. In a research note published Thursday, the analysts said they expect rate hikes from the Federal Reserve, Bank of Japan and European Central Bank, as well as from central banks in Australia, New Zealand, the United Kingdom, Norway and Sweden. JPMorgan said its base case was for the Fed to hold rates next week and lift them in December.

ECB Puts Europe Back on the Rate-Hike Treadmill
Moby14d agoneutral
ECB Puts Europe Back on the Rate-Hike Treadmill

The central bank lifted rates another 25 basis points as the Middle East energy shock keeps inflation elevated, forcing European markets to rethink how high borrowing costs may have to go.

Chevron CEO Warns Oil Market Is Quickly Losing Buffers That Kept Prices in Check
The Wall Street Journal14d agoneutral
Chevron CEO Warns Oil Market Is Quickly Losing Buffers That Kept Prices in Check

Chevron CEO Mike Wirth says the global oil inventories and other market buffers that helped cap crude prices for months have “largely now played out.” U.S. oil prices vaulted above $100 a barrel earlier this week, as the U.S. and Iran escalated hostilities in the Strait of Hormuz waterway, the world’s most vital oil artery, before slipping to $98 a barrel Friday morning. For months, markets have largely defied predictions of an energy crisis that would send prices soaring as long as the Strait remained closed.

Joby Aviation Files Resale Prospectus for 2.4 Million Earn-Out Shares Tied to Blade Acquisition
Benzinga14d agoneutral
Joby Aviation Files Resale Prospectus for 2.4 Million Earn-Out Shares Tied to Blade Acquisition

Joby Aviation, Inc. (NYSE:JOBY) shares edged higher Friday after the company filed a prospectus supplement covering up to 2.42 million shares for potential resale by Strata Critical Inc. Investors are also evaluating Joby’s autonomous cross-country flight tour. The stock reached a new 52-week low of $6.25 on Thursday. Resale Shares Stem From Blade Acquisition Joby will not receive proceeds from any resale, as it is not selling shares under the prospectus. Strata Critical may sell the shares thro

Oracle earnings impress, but can investors ignore its debt?
Yahoo Finance Video14d agoneutralVIDEO
Oracle earnings impress, but can investors ignore its debt?

Lee Munson, Portfolio Wealth Advisors president and CIO, joins Yahoo Finance Executive Editor Brian Sozzi to discuss Oracle (ORCL) stock rising after sharing its first quarter earnings report and why investors should be wary.

Why Are Stocks Climbing After the Hot CPI Report?
The Wall Street Journal14d agoneutral
Why Are Stocks Climbing After the Hot CPI Report?

Stock indexes advanced after Friday's inflation report, with the Dow Jones Industrial Average rising more than 1% in early trading. On first glance, that move looks counterintuitive. Higher interest rates aren’t necessarily a good thing for equity prices.

Investing.com14d agoneutral
JPMorgan cautious on Hims & Hers on GLP-1 transition risk

Investing.com -- JPMorgan revealed Friday that it has started coverage of Hims & Hers Health at Neutral, setting a December 2027 price target of $32 as it weighs the direct-to-consumer health platform's rapid growth against execution risks in its shift to branded weight-loss drugs.

10-Year Yield Holds Below 5% After Firm Inflation Data
The Wall Street Journal14d agoneutral
10-Year Yield Holds Below 5% After Firm Inflation Data

The yield on the 10-year Treasury note is holding below 5% after new data showed core consumer prices rising more than expected last month. The report reinforced bets that the Federal Reserve could raise interest rates next week, leading to an uptick in short-term Treasury yields, which are especially sensitive to the rate outlook.

August Inflation Slightly Firmer Than Expected at 3.4% as Fed Eyes Hike
Barrons.com14d agoneutral
August Inflation Slightly Firmer Than Expected at 3.4% as Fed Eyes Hike

The consumer price index climbed 0.4% month over month in August, translating to an annual gain of 3.4% year over year, according to the latest data released by the Bureau of Labor Statistics on Friday. Economists had expected inflation to advance by 0.4% month over month in August, according to FactSet. The consensus call was for the headline CPI to climb 3.3% on an annual basis.