JOLTS report: Cramer no longer expects Fed to raise rates any further

S&P 500 is trading down even though the monthly jobs data today suggested the labour market was starting to ease. Jim Cramer explains what it means for the Fed Available positions, as per the Job Openings and Labour Turnover Survey, declined a whopping 632,000 to 9.93 million in February. That was the first time vacancies… Continue reading JOLTS report: Cramer no longer expects Fed to raise rates any further

General Motors news: the automaker expects $1.0 billion charge in Q1

Shares of General Motors Company (NYSE: GM) are in the red this morning after the legacy automaker said it expects to take about a $1.0 billion charge in the first quarter. GM wants to lower costs by $2.0 billion On Tuesday, the car company confirmed about 5,000 of its white-collar workers agreed to a buyout… Continue reading General Motors news: the automaker expects $1.0 billion charge in Q1

European stocks 20% off lows, but banking turmoil & global recession fears loom

Europe has had a rough year. But it’s getting better, if only cautiously.  The Stoxx 600 Index, which covers 90% of the market capitalisation of the European stock market, is nearly 20% off its lows last September. It is now only 6% off the mark it opened 2022 at, more or less the market peak. … Continue reading European stocks 20% off lows, but banking turmoil & global recession fears loom

ICICI, Yes, Axis Bank, HDFC shares rise ahead of the RBI decision

Indian bank stocks drifted upwards even after the head of Axis Bank warned about the slowing economy. ICICI shares jumped to ₹883, the highest point since January 5. Axis Bank stock jumped to ₹864 while HDFC rose to the highest point since March 10. Even the embattled Yes Bank (NSE: YESBANK) share price drifted upwards.… Continue reading ICICI, Yes, Axis Bank, HDFC shares rise ahead of the RBI decision

US stocks beaten by European stocks in Q1 2023, is it time to invest?

The first quarter of 2023 is behind us, and funds keep flowing into European equities despite the challenging dynamics in Europe. Neither the high inflation nor the war in Ukraine has dampened investors’ optimism. The STOXX Europe 600 index tracks 600 large, mid, and small capitalization companies in Europe. UK, France, Switzerland, and Germany are… Continue reading US stocks beaten by European stocks in Q1 2023, is it time to invest?

HSBC may soon be pushed into rethinking its structure

HSBC Holdings Inc (LON: HSBA) was in focus today after it brushed aside a proposal from an individual shareholder. Here’s what Lui is demanding the bank does Ken Lui – a Hong Kong based activist investor wants the financial services behemoth to spin-off its Asia business. Lui has a personal stake worth $12.7 million in… Continue reading HSBC may soon be pushed into rethinking its structure