Day: January 8, 2025

Stock Market News for Jan 8, 2025
U.S. stock markets closed lower on Tuesday after a choppy session. Market participants remained concerned that a series of strong economic data will result into a sticky inflation rate. Consequently, the Fed will refrain form aggressively reducing the benchmark interest rate in 2025. Elevated yields on sovereign government bonds also dented investors’ confidence on risky […]
Renewed inflation worries jolt markets
Shoppers at a produce store in the Chinatown district of San Francisco, California, U.S., on Monday, Jan. 6, 2025.  David Paul Morris | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter […]
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Stock market today: Asian shares slip after Wall St slumps despite strong US economic data
HONG KONG (AP) — Asian markets were mostly lower on Wednesday after shares slumped on Wall Street despite better-than-expected reports on the U.S. jobs market and business activity. U.S. futures and oil prices were higher. Japan’s benchmark Nikkei 225 was flat at 40,079.09. The Japanese yen weakened against the dollar, which was trading at 158.19 […]
Howard Marks sees cautionary signs of bubble, points to high valuation
Howard Marks, one of the most respected value investors, who famously foresaw the dot-com bubble, is pointing out a handful of red flags in the market such as valuation that could mean poor returns over the long term or a sizable decline nearer term. In his latest memo to clients, the co-founder and co-chairman of […]