With the start of a new trading month, JPMorgan is out with its latest group of stocks that it thinks are poised to outperform from here. The bank released its September “focus list” on Tuesday during a volatile time for the market. During a global rout in early August, the S & P 500 lost as much as 7.3% before eventually closing out the month 2.3% higher. Similarly, the Dow Jones Industrial Average was down as much as 5.4% in August before ending the month ahead almost 1.8%, while the Nasdaq Composite slumped as much as 10.7% but ended August…
Author: usaeverydaylife
TULSA, Okla. — Parts and labor shortages. Delayed deliveries of new airplanes from Boeing and Airbus. An engine recall. Premature repairs. It’s all piling up, and aircraft engine shops around the world are overflowing. As travelers boarded planes in record numbers this summer, airline executives waited anxiously for repairs and overhauls of their engines.The repair and overhaul of engines has swelled from a $31 billion business before the pandemic to $58 billion this year, according to Alton Aviation Consultancy. It’s a cash cow for engine makers like GE Aerospace and the hundreds of smaller specialists that service GE engines, and others…
The Alibaba Group logo displayed on a mobile phone. Cfoto | Future Publishing | Getty ImagesChinese tech giant Alibaba on Wednesday said that its core Taobao and Tmall e-commerce platforms will now allow payment through Tencent’s WeChat app for the first time.Previously, Alibaba’s Chinese e-commerce sites only accepted limited payment options and pushed WeChat Pay rival Alipay as one of the main ways to pay. Alipay is run by Ant Group, an affiliate of Alibaba that was also founded by Jack Ma.”We have always been open to collaborations, and have actively explored interoperability and partnerships with our peers,” an Alibaba spokesperson…
The United States Steel Corp. Edgar Thomson Works steel mill in Braddock, Pennsylvania, US, on Tuesday, Dec. 19, 2023. Justin Merriman | Bloomberg | Getty Images | Bloomberg | Getty ImagesA Japanese steelmaker seeking to acquire U.S. Steel said Wednesday that U.S. citizens would make up the majority of the board of directors, as the $15 billion proposal faces mounting political opposition ahead of the U.S. election in November.In a statement detailing governance plans, Nippon Steel said three of the board’s independent directors would be U.S. citizens, as would “core senior management members.”In the face of resistance from the United Steelworkers union, President Joe…
(This is CNBC Pro’s live coverage of Wednesday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) An artificial intelligence play and an aluminum products maker were among the stocks being talked about Wednesday. Barclays downgraded Super Micro Computer to equal weight from overweight. Meanwhile, Morgan Stanley upgraded Ball Corp., calling for more than 20% upside. Check out the latest calls and chatter below. All times ET. 6:09 a.m.: Morgan Stanley upgrades Boyd Gaming to overweight Morgan Stanley thinks shares of Boyd Gaming are attractive at current levels. The bank upgraded shares of…
Above all else, investing early is the best way to ensure your retirement savings are on track, Americans say.That’s according to CNBC’s August 2024 Your Money retirement survey conducted with SurveyMonkey, which found that only 37% of non-retired Americans are either “on schedule” or “ahead of schedule” with their retirement investments.Considering that more than half of Americans say they’re behind on their retirement savings, it can feel impossible to get ahead. But of those who feel good about their savings, 42% cite contributions made early in life as the No. 1 factor for building up retirement wealth.That’s followed by low debt (38%),…
Russian President Vladimir Putin and his spokesperson Dmitry Peskov at the Supreme Eurasian Economic Council meeting at the Congress Hall in Bishkek on Dec. 9, 2022.Vyacheslav Oseledko | Afp | Getty ImagesThere was more than a whiff of self-satisfaction from the Kremlin on Wednesday, after Russian President Vladimir Putin’s trip to Mongolia at the start of the week went without a hitch — despite an International Criminal Court arrest warrant hanging over the visit.Putin was given the red-carpet treatment, met his Mongolian counterpart and talked trade ties and bilateral relations with a country it knows needs its investment and won’t…
In this photo illustration, the Robinhood Markets Inc. website is shown on a computer on June 06, 2024 in Chicago, Illinois. Scott Olson | Getty ImagesOnline brokerage platform Robinhood on Wednesday launched a share lending program in the U.K. that would allow consumers there to earn passive income on stocks they own, in the company’s latest bid to grow market share abroad.The stock trading app, which launched in the U.K. last November after two previous attempts to enter the market, said that its new feature would enable retail investors in the U.K. to lend out any stocks they own outright in…
Employees of German car maker Volkswagen (VW) protest at the start of a company’s general meeting in Wolfsburg, northern Germany, on September 4, 2024.Moritz Frankenberg | Afp | Getty ImagesManagement at German automotive giant Volkswagen is set to go toe-to-toe with workers on Wednesday, as senior business leaders prepare to present details about possible cuts that could include historic domestic factory closures.Volkswagen on Monday warned that it was no longer able to rule out closing plants in its home country of Germany — a measure that was previously considered off the table and has not ever been taken in the…
The Bluesky logo displayed on a smartphone screen. Sopa Images | Lightrocket | Getty ImagesBrazil’s recent ban of Elon Musk’s social media platform X has boosted the profile of its smaller rival, Bluesky, as people search for alternatives to voice their opinions.Bluesky said in a post that it had attracted two million new users in a span of a week, and the app appeared to be experiencing some problems on Wednesday, with several users reporting an outage.”There will almost certainly be some outages and performance issues,” Bluesky developer Paul Frazee said in a post, adding, “We’ve never seen traffic like this.…
