December 4, 2023
The post-earnings decline in Humana (HUM) shares Wednesday was overdone, providing investors an opportunity to add to their positions in the Medicare Advantage-focused health insurer. The Club holding remains on solid ground after delivering a top- and bottom-line beat in the third quarter. Revenue for the three months ended Sept. 30 rose 15.9% to $26.42
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Stay informed with free updates Simply sign up to the US economy myFT Digest — delivered directly to your inbox. Is the bond sell-off over? Debt investors were given some relief this week as bonds rallied, pushing the yield on benchmark US Treasuries down from a 16-year high, after stronger-than-expected jobs data on October 6.
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Financial history tends to get short shrift in the media, so I was thrilled to learn that Bloomberg had published a piece, “Worst US Bond Selloff Since 1787 …,” putting the recent decline in US Treasury prices in historical perspective. But then I read it and wondered why the reporter hadn’t reached out to either
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Receive free US interest rates updates We’ll send you a myFT Daily Digest email rounding up the latest US interest rates news every morning. A surge in US borrowing costs has bolstered investors’ conviction that the Federal Reserve is finished raising interest rates, after months of aggressively increasing them in a historic battle against inflation.
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HONG KONG: Stocks rose on Tuesday after a recent streak of losses, though investors’ mood remained dimmed by concerns over China’s economy and the outlook for US interest rates. Markets globally have struggled this month on the prospect that the US Federal Reserve (Fed) will hike borrowing costs once more before the end of the
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Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Stocks sink Eli Lilly surges Palo Alto slumps 1. Stocks sink U.S. stocks tumbled Tuesday after Moody’s downgraded the credit rating on a slew of small and mid-sized banks, sending
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US stocks tumbled on Wednesday on technology, while Treasuries tumbled after a surprise hike by the Bank of Canada stoked expectations that central banks might not stop raising rates. Wall Street’s core S&P 500 lost 0.4% on technology and communications stocks. The Nasdaq Composite Technology Index fell 1.3%. The Russell 2000 Small-Cap Index climbed to
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Every weekday, the CNBC Investing Club with Jim Cramer hosts a live “Morning Meeting” at 10:20 AM ET. Here’s a summary of Tuesday’s key highlights. Dow Falls, Profit Spotlight J&J Declines Starbucks Mistakenly Undervalued? 1. The Dow falls as the focus is on profits. Shares tumbled Tuesday as shares of Dow Goldman Sachs (GS) and
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Shares of Silicon Valley Bank, a major technology industry lender, were halted Friday morning after a sharp sell-off in premarket trading. The move comes after the world’s biggest banks faced a plunge in the stock market after troubles at the SVB sparked concerns about the broader sector. SVB shares fell more than 60 percent on
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Good morning. This article is a local version of our FirstFT Newsletter. Subscribe to our Asia, Europe/Africa P America edition to receive it straight to your inbox every weekday morning Good morning. Yesterday, investors lost $52 billion of the value of some of the largest US banks due to concerns about the size of their
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