Marketing grass fed beef

Share to Twitter Share to Linkedin Topline The stock market fell on Wednesday, with the recent rally on Wall Street taking a breather as investors assessed the latest batch of retail earnings—particularly a sharp drop in profits from Target—and minutes from the Federal Reserve’s July policy meeting. Key Facts Stocks reversed some of their gains from earlier this week: The Dow Jones Industrial Average was down 0.5%, nearly 200 points, while the S&P 500 lost 0.7% and the tech-heavy Nasdaq Composite 1.3%. Markets opened lower after a batch of disappointing retail earnings, with Lowe’s reporting a drop in sales while big-box retailer Target said profits plunged 90% compared to a year ago amid steep discounts to offload excess inventory. “We’ve seen mixed results out of retailers and the big questions are whether the consumer will keep spending and how will they re-allocate their purchases as inflation continues to impact spending … [Read more...] about Dow Falls Nearly 200 Points After Fed Minutes Signal More Rate Hikes Ahead

The January effect was in full effect for the first month of 2019. After a punishing December, stocks rebounded in the first few weeks of January as signs of progress in the U.S.-China trade war appeared, the Federal Reserve adopted a more dovish tone on interest rates, and earnings season revealed that some companies and sectors have more-positive outlooks than expected. It was a month to remember: The S&P 500, up 7.8%, had its best January performance since 1987, and its biggest monthly gain since October 2015. The DJIA rose 7.17% in January, its largest one-month rise since 2015 and biggest January gain in 30 years. Crude oil prices had their best month on record, surging more than 19% after three straight months of losses. Output cuts and the chaos in Venezuela, had a lot to do with that performance. The U.S. added 304,000 jobs in January, blowing out expectations despite the shutdown. While stocks have rebounded, notably for U.S. companies and indexes, risks … [Read more...] about What to Expect for the Markets in February

New York (CNN Business) San Francisco Federal Reserve president Mary Daly said Thursday morning that raising interest rates by either half or three quarters of a percentage point in September would be a "reasonable" way to bring inflation down. The hikes would follow back-to-back 75-basis point increases by the Federal Reserve, intended to tackle white hot inflation, which remains near a 40-year high. Last month's Consumer Price Index , a key inflation measure, showed that rising prices took a bit of a breather with consumer prices increasing by 8.5% year over year, a slower pace than the 9.1% increase in June. "There's some relief, and I was really pleased to see that, but I don't count on it," Daly told CNN's Julia Chatterley. "We have a lot of work to do at the Fed to bring us back to price stability." Daly doesn't see the Fed easing interest rate hikes anytime soon. She predicts they'll continue into at least 2023, but says that's ultimately a good … [Read more...] about Expect interest rate hikes to continue into 2023, Fed official says

Share to Twitter Share to Linkedin Topline The stock market has minted a stunning rally amid hopes that the worst of the Federal Reserve’s interest rate hikes has passed and inflation has cooled, but Bank of America analysts on Tuesday warned that prices remain too high and stocks still too expensive for the bear market to be over, at least according to one rule that’s held perfectly true in the past. Key Facts In a Tuesday note to clients, Bank of America analyst Savita Subramanian said a sustained bull market remains “unlikely” even though the S&P 500 has surged more than 16% to 4,262 points since hitting a low this year on June 16, the day after Fed officials authorized the biggest interest rate hike in 28 years to combat decades-high inflation. Subramanian and her team track a long list of indicators (Fed cutting rates, unemployment rising or markets rallying 5%) that help signal the start of a bull market, but so far just 30% of those … [Read more...] about Stock Market Crash Isn’t Over, According To Indicator With ‘Perfect’ Track Record

A screen in Hana Bank's trading room in central Seoul shows the Kospi closing at 2,508.05 points on Thursday, down 8.42 points, or 0.33 percent, from the previous trading day. [YONHAP] Shares closed lower Thursday as investors digested Federal Reserve minutes that hinted at more aggressive interest rate hikes to temper inflation. The won fell against the dollar. The Kospi fell 8.42 points, or 0.33 percent, to close at 2,508.05 points. Trading volume was moderate at about 370.84 million shares worth 6.98 trillion won ($5.3 billion), with losers outnumbering gainers 542 to 301. Institutions sold a net 446 billion won worth of stocks, offsetting foreigner and individual combined purchases valued at 440 billion won. In the minutes released Wednesday, Fed policymakers projected the economy to expand in the second half of 2022 and made it clear that they intend to continue raising rates enough to cool the economy and combat inflation. The Fed raised its benchmark interest rate … [Read more...] about Stocks retreat as Fed minutes suggest more rate rises

“Do you have any food items you wish to declare?” the American immigration officer asked with a half-engaged tone that signaled to me that he had a long way to go before his shift ended. So, with nothing to hide, I told him confidently (even proudly) that I was only bringing in six cans of corned beef in my checked luggage. Originally uninterested, the man’s eyes immediately lit up, as though I had just confessed to being on the FBI most wanted list. “I really wish you hadn’t said that. Now I’m gonna have to ask you to wait in that room over there until we can bring your suitcase out… We have corned beef in the States, man!” My first reaction was not panic in missing my connecting flight but defensiveness. “You don’t have corned beef like this!” Normally, I wouldn’t mind the inspection of my luggage, but my connecting flight was within the hour and there was no telling how long this would take. I sat there biting my lip and telepathically communicated my displeasure to my sister on … [Read more...] about The gold standard: There is nothing like canned Pinoy corned beef

Make that four weeks in a row of gains for the U.S. stock market, as the rally has become undeniable. The S&P 500 and the Nasdaq both climbed more than 3% last week, with the the Dow up 2.9%. The S&P 500 has now climbed 15% from its lows in mid-June, while the Nasdaq has clawed back 20% since then. That could technically be described as a new bull market for the index. A 20% retracement from a recent low fits the bill—or the bull—but there are a lot of opinions about that. But we can't deny the strength of the rally, especially when we dig into the charts. The average stock in the Nasdaq Composite index is up 34% from its lows. Remember, just a few months ago, we were talking about the average Nasdaq stock being down 50% from its highs. The pendulum has swung back in a big way. Across the market, the breadth thrust has been pretty impressive. And no, that's not a swimming stroke. The breath trust indicator is a technical indicator used to ascertain market momentum … [Read more...] about Going Back to School with Stock Market Fundamentals

- A + A NEW YORK (Aug 19): Global equity markets were choppy and U.S. Treasury yields fell on Thursday, as uncertainty over the pace of interest rate hikes prevailed among investors after the Federal Reserve's meeting minutes showed officials were determined to curb rising prices. Markets have been volatile amid concerns about a looming recession, even though Fed officials indicated in the minutes of their July meeting released on Wednesday that they would adopt a less aggressive stance if inflation starts to recede. "The markets are still trying to figure out the Fed minutes," causing volatility, said Charles Self, chief investment officer at Tandem Wealth Advisors in Appleton, Wisconsin. "The minutes were uniformly hawkish in our view," Self added. "It's clear that among all the voting members that curing inflation is the No. 1 choice and they're going to do whatever is necessary as far as raising rates to get there. We think they're using the labor market as … [Read more...] about Shares choppy, U.S. yields fall as investors digest Fed minutes

- A + A TOKYO (Aug 19): The US dollar climbed to a fresh one-month high against major peers on Friday as Federal Reserve officials continued to talk up the need for further interest rate hikes ahead of their key Jackson Hole symposium. The dollar index rose 0.14% to 107.63, after earlier touching 107.72, its highest since July 18. The gauge is on track for a 1.86% rally this week, which would be its best weekly performance since June 12. The greenback rose to 136.38 yen, its highest since July 28 and on track for a 1.99% weekly rise, its best showing since June 10. Meanwhile, the euro dipped to US$1.0070, the weakest since July 15. Sterling sank to US$1.1895, its lowest since July 21. St Louis Fed president James Bullard said he is leaning towards supporting a third straight 75-basis-point interest rate hike in September, while San Francisco Fed colleague Mary Daly said hiking rates by 50 or 75 basis points next month would be "reasonable". Kansas City Fed … [Read more...] about Dollar hits one-month high as Fed officials talk up rate hikes

Expectations for the Federal Reserve’s next interest rate hike at its upcoming meeting in September have shifted following yesterday's release of minutes from the Fed's July meeting. Ahead of the release, traders had been evenly divided between an increase of 50 basis points (bps) and an increase of 75 bps, according to CME Group, based on fed funds futures data. However, after the release of the minutes, a majority of traders were betting on a 50-bp increase at the meeting. In the minutes, Fed officials signaled that while they would continue to hike interest rates to bring down inflation , it “would likely be appropriate at some point to slow the pace of policy rate increases.” Some officials indicated that once the policy rate had reached a sufficiently restrictive level, it would be appropriate to maintain that level for some time to ensure that inflation was firmly on a path back to the Fed's target rate of 2%. Policymakers also acknowledged the risk of overdoing … [Read more...] about Rate Expectations Shift Following Fed Meeting Minutes