Dollar steady as PCE data sets up June rate cut bets; yen in focus
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The dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June. The personal consumption expenditures (PCE) price index rose 0.3% in February, compared to the 0.4% rise forecasted by economists. Markets are now pricing in a 68.5% chance of the Fed cutting rates in June. The yen loitered near 152 per dollar, keeping traders on edge on the threat of intervention. Japan's plans for the yen remain difficult to predict, but the finance minister has warned against rapid yen moves.
#Dollar #PceData #RateCut #Yen #FederalReserve
https://finance.yahoo.com/news/dollar-steady-pce-data-sets-011202774.html
Dollar steady as PCE data sets up June rate cut bets; yen in focus
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The dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June. The personal consumption expenditures (PCE) price index rose 0.3% in February, compared to the 0.4% rise forecasted by economists. Markets are now pricing in a 68.5% chance of the Fed cutting rates in June. The yen loitered near 152 per dollar, keeping traders on edge on the threat of intervention. Japan's plans for the yen remain difficult to predict, but the finance minister has warned against rapid yen moves.
#Dollar #PceData #RateCut #Yen #FederalReserve
https://finance.yahoo.com/news/dollar-steady-pce-data-sets-011202774.html
20 Largest Construction Companies in the World
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The global construction market was worth $14.39 trillion in 2022 and is expected to reach $25.93 trillion by 2027. The US construction industry has over 919,000 establishments and generates $2.1 trillion worth of structures annually. In January 2024, US construction spending reached $2.1 trillion, with a decline of 0.2% from December. The residential sector saw a 0.2% increase, while the public sector experienced a 0.9% decline. Major players in the global construction market include Vinci SA, Lennar Corporation, and Ferrovial SE. Vinci SA won a railway contract worth €700 million, Lennar Corporation opened a new medley club in Florida, and Ferrovial SE completed the construction of the Halo elevator in Spain. The 20 largest construction companies in the world include Skanska AB, Daito Trust Construction Co., Ltd., HOCHTIEF Aktiengesellschaft, Obayashi Corporation, DPR Construction, Kajima Corporation, Eiffage SA, ACS Actividades De Construccion Y Servicios ADR, Toll Brothers, Inc., Kiewit Corporation, China Railway Construction, Sekisui House, Ltd., Bouygues SA, Daiwa House Industry Co., Ltd., and PulteGroup, Inc.
#Construction #GlobalConstructionMarket #UsConstructionIndustry #ConstructionSpending #MajorPlayers #VinciSa #LennarCorporation #FerrovialSe #SkanskaAb #DaitoTrustConstructionCo #HochtiefAktiengesellschaft #ObayashiCorporation #DprConstruction #KajimaCorporation #EiffageSa #AcsActividadesDeConstruccionYServiciosAdr #TollBrothers,Inc #KiewitCorporation #ChinaRailwayConstruction #SekisuiHouse,Ltd #BouyguesSa #DaiwaHouseIndustryCo,Ltd #Pultegroup,Inc
https://finance.yahoo.com/news/20-largest-construction-companies-world-215536020.html
25 Countries With Most Billionaires in 2024
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The article discusses the 25 countries with the most billionaires in 2024. China, India, and the United States lead with the highest number of billionaires. China and the US have no competition when it comes to paving the way for millionaires to become billionaires due to large markets and growth potential. India is also one of the fastest-growing economies. China lost 155 billionaires due to economic distress and a property market crisis. Globally, billionaires increased by 167 to a total of 3,279 in 2024. New York claimed the first spot for the first time in seven years with 119 billionaires, followed by London with 97 billionaires. Artificial Intelligence (AI) was a major driver for wealth growth, generating over half of all new wealth in 2024. NVIDIA Corporation and Meta Platforms, Inc. have seen significant surges in their wealth as investors bet on the value of generated AI. The article also provides a list of the 25 countries with the most billionaires in 2024, including the number of billionaires and the year-over-year change in each country.
#Billionaires #Wealth #ArtificialIntelligence
https://finance.yahoo.com/news/25-countries-most-billionaires-2024-030244665.html
Top 20 Indian Entrepreneurs
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This article discusses the top 20 Indian entrepreneurs and provides an overview of India's economic outlook. India is projected to grow between 6.9% and 7.2% through fiscal year 2023/2024 and is expected to be the third-largest economy by 2030. The article highlights the success of Indian billionaires, including Mukesh Ambani and Gautham Adani, who have had a significant impact on India's entrepreneurial economy. It also mentions the rise of women entrepreneurs in India and the increasing wealth inequality in the country. The article then profiles some of the biggest companies owned by Indian entrepreneurs, such as Reliance Industries, Adani Enterprises, and HCL Technologies. Finally, it provides a list of the top 20 Indian entrepreneurs, including Benu Gopal Bagur, M.A. Yusuff Ali, Gopikishan Damani, Hasmukh Chudgar, Sunil Mittal, Pankaj Patel, Mangal Prabhat Lodha, Azim Premji, Uday Kotak, Ravi Jaipuria, Lakshmi Mittal, Kumar Birla, Radhakishan Damani, Kushal Pal Singh, Cyrus Poonawalla, and others.
#IndianEntrepreneurs #India'sEconomy #Billionaires #WomenEntrepreneurs #WealthInequality #RelianceIndustries #AdaniEnterprises #HclTechnologies
https://finance.yahoo.com/news/top-20-indian-entrepreneurs-025942056.html
15 Most Densely Populated Cities in California
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California is the most populous state in the US with a population of almost 39 million. It ranks 11th among the most densely populated states. The state has a robust economy and pleasant climate, attracting immigrants from all over the US. However, California has experienced a decline in population due to higher deaths, low fertility rates, and challenges that forced some residents to relocate to another state. The state faces a housing crisis, with high prices and a shortage of houses. Laws like the California Environmental Quality Act (CEQA) and the National Environmental Policy Act (NEPA) have been barriers to construction projects. Despite this, notable construction projects have been undertaken by companies like Lennar Corporation, Fluor Corporation, and Vulcan Materials Company. The article lists the top 15 most densely populated cities in California, including San Mateo, Westminster, Long Beach, Downey, Garden Grove, Norwalk, Santa Monica, Santa Ana, El Monte, and Inglewood.
#California #PopulationDensity #HousingCrisis #ConstructionProjects
https://finance.yahoo.com/news/15-most-densely-populated-cities-225552711.html
Investors eye Fed rate cut, earnings as key to sustaining market rally
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Investors are watching for a potential interest rate cut by the Federal Reserve and the health of upcoming earnings to sustain the market rally. The S&P 500 had a gain of over 10% in the first quarter, with economically-sensitive sectors such as energy and industrials rallying. The market's continuation through June will depend on the Fed's actions and economic reports. Futures markets imply a 61% chance of a rate cut in June. Continued growth in the US economy may lead to a broadening of the market rally into cyclical sectors and small-cap stocks. Economic readings next week, including ISM manufacturing data and non-farm payrolls report, will provide further insight. The market rally may slow as the Fed nears a potential rate cut, but historically, strong momentum in the first quarter has carried over to the second quarter. Corporate earnings will also play a significant role, with expectations of a 5.1% earnings growth in the first quarter. If earnings continue to surprise to the upside, the Fed may have a hard time justifying rate cuts. However, a leveling out of inflation could lead to a more sustainable economic re-acceleration.
#Investors #FederalReserve #InterestRateCut #Earnings #MarketRally
https://finance.yahoo.com/news/investors-eye-fed-rate-cut-100955745.html
Warren Buffett Bolsters Holdings in Liberty SiriusXM Group
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Warren Buffett's Berkshire Hathaway has acquired 7,599,572 shares of Liberty SiriusXM Group, increasing its total holdings in the company to 65,486,288 shares, representing a 20.05% stake. The shares were purchased at a price of $29.1 each. Liberty SiriusXM Group operates a subscription-based satellite radio service and has a market capitalization of $9.69 billion. Buffett's investment reflects his confidence in the company's long-term growth potential and has had a positive impact on the stock's market performance.
#WarrenBuffett #LibertySiriusxmGroup #BerkshireHathaway #Investment
https://finance.yahoo.com/news/warren-buffett-bolsters-holdings-liberty-073704192.html
Warren Buffett Bolsters Holdings in Liberty SiriusXM Group
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Warren Buffett's investment firm, Berkshire Hathaway, has acquired 2,521,431 shares of Liberty SiriusXM Group, increasing its stake in the company significantly. The purchase price was $29.11 per share, bringing Berkshire Hathaway's total holdings to 32,755,624 shares. The transaction has a modest impact of 0.02% on the portfolio. Liberty SiriusXM Group operates a subscription-based satellite radio service and has a market capitalization of $9.69 billion. The company has a GF Score of 81/100 and a Financial Strength rating of 4/10. Other notable investors, including Seth Klarman and Wallace Weitz, also hold positions in the company. Buffett's investment move is seen as a signal of strong value proposition and long-term prospects.
#WarrenBuffett #LibertySiriusxmGroup #BerkshireHathaway #Investment
https://finance.yahoo.com/news/warren-buffett-bolsters-holdings-liberty-073559495.html
Stock market today: Asian shares meander after S&P 500 sets another record
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Asian shares were mixed on Thursday after U.S. stocks broke out of a three-day lull to close at a record. The dollar remained strong against the Japanese yen and Chinese yuan. The Nikkei 225 lost 1.5% to 40,168.07. The Kospi in Seoul fell 0.3% to 2,745.82. Hong Kong's Hang Seng index gained 1.1% to 16,571.35, while the Shanghai Composite advanced 0.6% to 3,010.66. Australia's S&P/ASX 200 jumped 1% to 7,896.90. India's Sensex added 1.2% and Taiwan's Taiex slipped 0.3%. The S&P 500 climbed 0.9% to a record 5,248.49. The Dow Jones Industrial Average surged 1.2% to 39,760.08, and the Nasdaq composite gained 0.5% to 16,399.52. Merck climbed 5% after federal regulators approved its treatment for adults with pulmonary arterial hypertension. Shares of Trump Media & Technology Group rose another 14.2%. Robinhood Markets climbed 3.7% after unveiling its first credit card. Nvidia slumped 2.5%. GameStop tumbled 15%. U.S. benchmark crude oil gained 38 cents to $81.73 per barrel. Brent crude added 30 cents to $85.71 per barrel.
#StockMarket #AsianShares #S&p500 #UsStocks #Dollar #JapaneseYen #ChineseYuan #Nikkei225 #Kospi #HangSengIndex #ShanghaiComposite #S&p/asx200 #Sensex #Taiex #Merck #TrumpMedia&TechnologyGroup #RobinhoodMarkets #Nvidia #Gamestop #CrudeOil
https://finance.yahoo.com/news/stock-market-today-asian-shares-080244591.html
Mexico Budget Sees Higher Debt Levels, 2025 Growth Above 2%
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Mexico's economy is projected to expand 2% to 3% in 2025 with a fiscal deficit of 2.5% of GDP. Inflation is expected to slow to 3.8% by the end of 2024 and 3.3% by year-end 2025. President Andres Manuel Lopez Obrador's last year in office is expected to have a public deficit of 5% of GDP. Public debt levels are projected to reach 50.2% of GDP in both 2024 and 2025. The government forecasts a primary deficit of 1.4% of GDP in 2024 and a 0.9% surplus in 2025. Additional revenue from higher oil prices and increased tax collection are expected to offset some costs. The budget release comes ahead of national elections in June. Mexico's forecast oil output is 1.85 million barrels per day in 2024 and 1.86 million barrels per day in 2025. The Mexican crude basket is predicted to be $71.3 per barrel in 2024 and $58.4 in 2025.
#Mexico #Budget #DebtLevels #EconomicGrowth #Inflation #FiscalDeficit
https://finance.yahoo.com/news/mexico-budget-estimates-higher-debt-201302587.html
Aimee Golant’s Metal Art Preserves Legacy, Crafting ‘Peace’ with Her Pieces
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Aimee Golant, a designer and metalsmith from San Francisco, creates metal art and Judaica pieces that symbolize peace and empower women. She is the granddaughter of Holocaust survivors and draws inspiration from her heritage and personal experiences. In 1993, she began creating art using a hydraulic press and later started making Mezuzot, Jewish ritual objects. Aimee's art reflects her deep connection to her heritage and her commitment to promoting universal beauty in Judaism. She incorporates recycled metals and sustainable practices into her craft. Aimee aims to celebrate the strength and resilience of women and uplift and empower them through her art. She has received recognition and endorsements from spiritual leaders such as the Dalai Lama and Pope Francis. Aimee envisions her art as a means of personal expression and collective healing, and she plans to establish an art installation dedicated to peace and collaboration.
#AimeeGolant #MetalArt #Judaica #Peace #WomenEmpowerment #Heritage #RecycledMetals #SustainablePractices #Women'sRights #ArtInstallation
https://finance.yahoo.com/news/aimee-golant-metal-art-preserves-195300097.html
Expedia Group (EXPE) Rose on Better-Than-Expected Financial Results
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Expedia Group (EXPE) stock rose after reporting better-than-expected financial results. The company's shares gained 43.77% over the last 52 weeks. Expedia Group announced a new $5 billion stock buyback program. Gross bookings were up high-single-digit percentages year over year. Expedia's business model is highly attractive and shares continue to trade cheaply at just ~12X earnings.
#ExpediaGroup #Expe #FinancialResults #StockBuyback #OnlineTravelAgency
https://finance.yahoo.com/news/expedia-group-expe-rose-better-132643531.html
Sutter Health Partners with Abridge on Generative AI Solution to Improve Patient, Physician Experience
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Sutter Health has partnered with Abridge to make its generative AI platform for clinical documentation available to groups of physicians across California. The deployment aims to improve patient experiences by supporting more focused face-time with clinicians. Abridge's technology generates real-time draft notes based on clinical conversations, which flow directly into the electronic health record. Once reviewed and verified by clinicians, the notes complete their paperwork. The integration of Abridge's patient-facing summaries into the electronic medical record will also be explored. Sutter Health sees innovation as a way to transform the healthcare landscape and is committed to the integration of emerging technologies like AI in healthcare.
#SutterHealth #Abridge #Ai #Healthcare #ClinicalDocumentation
https://finance.yahoo.com/news/sutter-health-partners-abridge-generative-113000005.html
NICE Recognized for European AI Product Innovation Industry Excellence
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NICE has received Frost & Sullivan’s 2024 Best Practices New Product Innovation Award for its advancements in AI for Customer Experience (CX) solutions in Europe. The award specifically recognizes NICE’s Enlighten portfolio, which includes the Enlighten Copilot, an AI tool that analyzes CX data in real-time to provide actionable responses and content to employees and supervisors. NICE was also recognized for its successful implementation of CX AI solutions at Republic Services, resulting in a 120% surge in coaching actions and a 33% improvement in customer sentiment. NICE is a global leader in CX AI technologies and has previously received Frost & Sullivan’s 2023 Customer Value Leadership award for its AI-enhanced workforce optimization solutions in North America.
#Nice #Ai #CustomerExperience #Frost&Sullivan #EnlightenCopilot #RepublicServices
https://finance.yahoo.com/news/nice-recognized-european-ai-product-113000430.html
Baltimore bridge port blockade won't trigger new supply chain crisis, experts say
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The catastrophic bridge collapse that closed the Port of Baltimore to ship traffic is unlikely to trigger a major new U.S. supply chain crisis or spike goods prices, due to ample and growing spare capacity at competing East Coast ports, economists and logistics experts say. Port officials from New York to Georgia were busy on Tuesday fielding queries from shippers about diverting Baltimore-bound cargo from containers to vehicles and bulk material. East Coast ports have invested billions of dollars over the past decade to expand capacity and while the temporary closure at Baltimore may add time and cost for some companies, economists do not expect a significant macroeconomic impact. The impact on the Port of Baltimore's more than 2,000 workers who load and unload cargo vessels could be significant if the closure lasts more than a few days. One area of concern is higher shipment costs for imported cars and trucks and for exports of farm tractors and construction equipment as Baltimore is the largest U.S. port for 'roll-on, roll-off' vehicle shipments. The Dali container ship that caused the bridge collapse was involved in an Antwerp collision in 2016. The potential for an East Coast longshoreman strike in late September - at the height of Christmas-season imports - also has some shippers considering West Coast shipments.
#Baltimore #SupplyChain #PortBlockade #BridgeCollapse #EastCoastPorts #Economists #LogisticsExperts #Cargo #Workers #ShipmentCosts #ImportedCars #Trucks #Exports #LongshoremanStrike #WestCoastShipments
https://finance.yahoo.com/news/baltimore-bridge-port-blockade-wont-100600510.html
Baltimore bridge port blockade won't trigger new supply chain crisis, experts say
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The catastrophic bridge collapse that closed the Port of Baltimore to ship traffic is unlikely to trigger a major new U.S. supply chain crisis or spike goods prices, due to ample and growing spare capacity at competing East Coast ports, economists and logistics experts say. Port officials from New York to Georgia were busy on Tuesday fielding queries from shippers about diverting Baltimore-bound cargo from containers to vehicles and bulk material. East Coast ports have invested billions of dollars over the past decade to expand capacity and while the temporary closure at Baltimore may add time and cost for some companies, economists do not expect a significant macroeconomic impact. The impact on the Port of Baltimore's more than 2,000 workers who load and unload cargo vessels could be significant if the closure lasts more than a few days. One area of concern is higher shipment costs for imported cars and trucks and for exports of farm tractors and construction equipment as Baltimore is the largest U.S. port for 'roll-on, roll-off' vehicle shipments. The Dali container ship that caused the bridge collapse was involved in an Antwerp collision in 2016. The potential for an East Coast longshoreman strike in late September - at the height of Christmas-season imports - also has some shippers considering West Coast shipments.
#Baltimore #SupplyChain #PortBlockade #BridgeCollapse #EastCoastPorts #Economists #LogisticsExperts #Cargo #Workers #ShipmentCosts #ImportedCars #Trucks #Exports #LongshoremanStrike #WestCoastShipments
https://finance.yahoo.com/news/baltimore-bridge-port-blockade-wont-100600510.html
CEO Sentiment Is Slowly Improving in 2024
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After a volatile 2023, CEO confidence seems to be rebounding in 2024. The Late Earnings Report Index (LERI) ended the Q4 2023 earnings season with a post-peak reading of 99, the lowest in a year, indicating that the unwarranted skepticism that built up throughout 2023 was starting to dissipate. Other metrics of CEO sentiment, such as the CEO Economic Index published by Business Roundtable and the Conference Board's Measure of CEO Confidence, also showed improvements. A recent Bank of America survey revealed that Wall Street's optimism is at its highest level since January 2022, with over 90% of participants believing the Fed is done raising interest rates. The trend will be monitored during the first-quarter 2024 earnings season, with the next reading of the pre-peak LERI to be published on April 14.
#CeoSentiment #InvestorSentiment #CorporateGrowthProspects
https://finance.yahoo.com/news/ceo-sentiment-slowly-improving-2024-171106704.html
12 Best REIT Dividend Stocks To Buy for 2024
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This article discusses the 12 best REIT dividend stocks to buy for 2024. The real estate investment trust (REIT) sector in the US has experienced substantial growth, with publicly traded REITs witnessing a compound annual growth rate of around 16.8% from 1990 to 2022. REITs in the US oversee a total of $4.5 trillion worth of real estate assets globally. The REIT sector has contributed $262.9 billion in labor income to the US economy in 2022. The past year showed some improvement for the REIT sector, with positive returns recorded. The S&P United States REIT Index achieved a total return of 13.77% in 2023. The REIT sector also experienced notable growth in capital market activity, raising a total of $58.27 billion in 2023. REIT stocks are gaining popularity among Americans, with approximately 168 million Americans investing in REIT stocks by the end of 2023. Rising interest rates have historically been a concern for REIT investors, but historical data suggests that the performance of REIT stocks during periods of high-interest rates may not be as dire as commonly feared. Analysts have presented a positive outlook for the REIT sector in 2024, given the sector's strong performance and the conclusion of the Federal Reserve's interest rate hike cycle. The article provides a list of the 12 best REIT dividend stocks for 2024, including Universal Health Realty Income Trust, Innovative Industrial Properties, Arbor Realty Trust, CubeSmart, Federal Realty Investment Trust, National Retail Properties, Agree Realty Corporation, and others.
#Reit #DividendStocks #RealEstateInvestmentTrust #UsEconomy #InterestRates
https://finance.yahoo.com/news/12-best-reit-dividend-stocks-120416453.html
Asia private equity deals set for worst Q1 since 2015, data shows
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Private equity-backed mergers and acquisitions in Asia had their worst start to the year in nearly a decade, with PE-backed M&A totaling $13.5 billion in Q1 2024, down 32% from the same period last year. This marks the worst first quarter since 2015. Global PE-backed deals, on the other hand, rose by 21% to $136 billion. Slowing economic growth, high rates, volatile markets, and geopolitical tensions have curbed investments and exits in Asia. PE funds' exits in Asia via IPOs, trade sales, or secondary buyouts slumped 51% to $4.9 billion in Q1, the lowest since Q1 2014. China's economic slowdown and Sino-U.S. tensions were key contributors to the decline in PE-backed M&A in the region. Unspent PE capital in Asia reached $549 billion by June 2023, with unrealized value of assets totaling $2.3 trillion. However, signs of recovery are emerging, with hopes of a pickup in the coming quarters.
#PrivateEquity #MergersAndAcquisitions #Asia #China #EconomicSlowdown #GeopoliticalTensions
https://finance.yahoo.com/news/asia-private-equity-deals-set-050236011.html