New ETF gears up to attract hesitant investors

New ETF gears up to attract hesitant investors

Risk-averse investors have a new option to make safer bets on Tesla. Innovator ETFs launched the Innovator Hedged TSLA Strategy ETF (TSLH) – among other defined outcome products – last month. According to the ETF’s CEO Bruce Bond, it gives investors exposure to the stock while largely steering clear of volatility and valuation risks by … Read more

Citi downgrades Lowe’s, warns investors to brace for an earnings miss as housing market slows

There’s trouble ahead for Lowe’s as it prepares to report earnings next week, according to Citi. Analyst Steven Zaccone downgraded shares of Lowe’s to neutral from buy, and cut its price target, citing rising inflation and a tougher housing market that’s increasingly weighing on the stock. “We see risk of a 2Q miss on SSS … Read more

Former Deutsche Bank co-CEO Anshu Jain dies at 59

Jain Anshu, President of Cantor Fitzgerald appears on CNBC’s Squawk on the Street at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd 2020. Gerry Miller | CNBC Anshu Jain, an Indian-born investment banker who rose to the role of co-CEO at Deutsche Bank, died last night after a long battle with cancer, … Read more

Firms delisting from NYSE, companies will keep listings in Hong Kong and China | Latest News | WION – WION

Firms delisting from NYSE, companies will keep listings in Hong Kong and China | Latest News | WIONWION Five state-owned Chinese companies to delist from the New York Stock ExchangeCNN The ‘writing is on the wall’ for ‘Chimerica’ on US stock exchanges as $318 billion of Chinese equity flees Wall StreetFortune Gravitas: 5 Chinese companies … Read more

Gravitas: 5 Chinese companies to leave wall street – WION

Gravitas: 5 Chinese companies to leave wall streetWION Five state-owned Chinese companies to delist from the New York Stock ExchangeCNN The ‘writing is on the wall’ for ‘Chimerica’ on US stock exchanges as $318 billion of Chinese equity flees Wall StreetFortune Five Chinese state-owned companies, under scrutiny in the US, will delist from the NYSEReuters … Read more

Wall Street flounders and ASX set to drop as markets mull over inflation ‘victory’

Australian shares are set to falter as global markets ponder whether the worst rate hikes are over. Wall Street had mixed results overnight, with the Dow Jones closing flat, the S&P500 down 0.1 per cent, and the tech-heavy Nasdaq off 0.6 per cent. Wall Street surged the previous day when US markets rose after the … Read more

Jim Cramer explains what Wednesday’s market action reveals about the state of inflation – CNBC Television

Jim Cramer explains what Wednesday’s market action reveals about the state of inflationCNBC Television Inflation is peaking, and that is ‘nirvana’ for stocks, Jim Cramer saysCNBC ‘Inflation Caused By Bad Policy Out Of Washington’: Kemp Blasts Dem Inflation Reduction ActForbes Breaking News Financial Times mockingly ‘apologises’ to CNBC’s Jim Cramer in feud over inflationNew York … Read more

Disney, Bumble, Sonos & more

Disney store is seen in Times Square, New York City. Nick Pfosi | Reuters Check out the companies making headlines after the bell Wednesday: Walt Disney — Shares of the entertainment company jumped 5.8% after Disney posted better-than-expected Disney+ subscription numbers for the previous quarter. Subscriptions came in at 152.1 million, above the expected 147.76 … Read more

The Nasdaq Composite Is Back in a Bull Market

The Nasdaq Composite is officially in a new bull market. The technology-focused index rose 2.9% Wednesday, reflecting a rise of more than 20% from its low in mid-June. It climbed with other major indexes after a softer-than-expected inflation reading raised investors’ hopes that the Federal Reserve may soon moderate the pace of its campaign of … Read more