Fundstrat’s Tom Lee expects a 20 percent rally this year – CNBC Television
Fundstrat’s Tom Lee expects a 20 percent rally this yearCNBC television
business news
Chinese Travelers Ready to Head Abroad for Western mRNA Vaccines
Passengers prepare to enter Shenzhen through the Lok Ma Chau Spur Line Control Point on the first day of the resumption of normal travel between Hong Kong and mainland China on January 8, 2023 in Hong Kong. Li Zhihua | Chinese news service | Getty Images Mainland China’s move away from its zero-Covid policy has … Read more
TCS churn rate drops marginally to 21.3% on a sequential basis; company headcount at 6,13,974 in Q3
TCS Q3 Results: In its grant application, TCS said, “IT services churn on an LTM (Last Twelve Month) basis fell to 21.3 percent in the December-FY23 end quarter.”
Biden declares a state of emergency in California as more winter storms advance
US President Joe Biden speaks at a cabinet meeting in the Cabinet Room of the White House on January 5, 2023 in Washington, DC. Drew Anger | Getty Images President Joe Biden declared a state of emergency in California on Monday after a barrage of deadly winter storms since last week led to widespread power … Read more
Nasdaq gains more than 1% as investors buy beaten-up tech stocks like Tesla
A trader works on the trading floor of the New York Stock Exchange (NYSE), January 5, 2023. Andrew Kelly | Reuters Stocks rose for a second straight session on Monday as traders attempted to regain some of the ground lost in 2022. The Nasdaq Composite had the biggest gain of 1.4%, boosted by an 8% … Read more
Brazilian stocks will fall as world leaders condemn pro-Bolsonaro riots
BRASILIA, Brazil – January 8, 2023: Damage caused at the Supreme Court by supporters of former Brazilian President Jair Bolsonaro. Carl De Souza/AFP via Getty Images Brazilian stocks are expected to fall on Monday after supporters of right-wing former president Jair Bolsonaro stormed government buildings in protest of his election loss on Sunday. The iShares … Read more
Why a strong US dollar is bad for ‘the rest of the world’
When the US dollar reached an all-time high in September 2022, many low-income countries that rely on the currency to function ran into trouble, in some cases embroiled in economic and political crisis. The US dollar is the world’s dominant currency and plays a key role in global trade. While that may seem like good … Read more
Has the market already shown its hand in the first week of 2023? What we’ve learned so far
Based on the initial market action of 2023, it seems investors’ good intentions were something like this: keep Big Tech in the penal box, bet on outperformance of foreign stocks, while feasting on all kinds of bonds to generate healthy returns. and retain some hope that the elusive soft economic landing remains possible. No one … Read more
Phishing attacks are on the rise and becoming more sophisticated
cyan66 | iStock| Getty Images Phishing is on the rise and anyone using email, SMS and other forms of communication is a potential victim. These attacks, in which a cybercriminal sends a deceptive message designed to trick a user into providing sensitive information such as credit card numbers or to launch malware on the user’s … Read more
US House Speaker Kevin McCarthy vows to tackle immigration, ‘awakened’ education policy and IRS funding
House Speaker Kevin McCarthy (R-CA) addresses the House of Representatives for the first time after being elected Speaker of the U.S. House of Representatives in a late 15th round of voting on the fourth day of the 118th Congress at the U.S. Capitol in Washington, U.S. , January 7, 2023. Jon Cherry | Reuters Newly … Read more