By the time the holidays rolled around, there weren’t many free-agent presents left to place in suitors’ stockings. The top options this offseason signed their deals expeditiously. As of Thursday, 30 of the top 33 free agents (based off last season’s FanGraphs WAR totals) had already signed. In addition, 27 of the top 30 free … Read more
Back in July, I wrote a Barron’s cover story that made a bullish case for Amazon.com tied to the enormous long-term value of the company’s cloud-computing arm, Amazon Web Services. Mea culpa. Amazon shares have since fallen 25%, amid concerns about the near-term growth prospects for both the company’s core e-commerce business and for AWS. … Read more
Bitcoin has been licking its wounds from two-year lows in the wake of crypto exchange FTX’s bankruptcy this month. Sentiment may be cautiously improving in the digital-asset world, but investors on Wall Street expect more losses. Data indicate that traditional investors are piling into bets against Bitcoin’s price, suggesting the outlook remains gloomy even though … Read more
SlavkoSereda/iStock via Getty Images Crude oil closed little changed Monday after surging more than 5% in reaction to a Wall Street Journal report that OPEC+ is considering a production hike of as much as 500K bbl/day for the cartel’s meeting next month. Saudi Arabia denied the report, adding the “current cut of 2M bbl/day by … Read more
British retail sales grew more than expected in October, rebounding after an extra bank holiday in September kept stores shut, but were below pre-pandemic levels reflecting the impact of surging prices. The volume of retail sales in Great Britain grew 0.6 per cent last month compared with the previous month, according to data published by … Read more
Business travelers and travel professionals alike indicated a bullish attitude toward business travel growth in 2023, according to the Expedia Group’s Traveler Value Index, released on Thursday. “The research we’ve done is showing a positive outlook, and we’re expecting both business and international travel to increase in 2023,” Expedia Group SVP of marketing Cheryl Miller … Read more
Certainty during rocky macroeconomic times deserves a premium. Predictable and dependable profits are exactly what cell-tower real estate investment trusts provide, and yet their stocks are selling at steep discounts right now. The major wireless companies— Verizon Communications (ticker: VZ), AT&T (T), and T-Mobile US (TMUS) in the U.S.—couldn’t function without the communication towers that … Read more
(Bloomberg) — Investors are betting Alibaba Group Holding Ltd. may finally see its fortunes turn around after a rough 2022 plagued by a 40% slump in the shares and rare sell calls from Wall Street analysts. Most Read from Bloomberg Options data show that traders are pulling back on buying bearish contracts that benefit from … Read more
Crypto.com’s native token Cronos (CRO) is showing restraint on Nov. 14 against mounting sell-pressure building in the wake of the FTX’s dramatic collapse last week. Now, the CRO/USD pair is eyeing a watershed price recovery. On Nov. 14, CRO’s price wobbled between profits and losses, trading around $0.069 a day after crashing to $0.05, its … Read more
Homebuyers and sellers have never been this ‘pessimistic’ as mortgage rates creep above 7% — here’s what the experts say about the chances of a crash or rebound Mortgage rates inched over 7% again following last week’s rate hike by the Federal Reserve — and both buyers and sellers are stalling amid economic volatility. “The … Read more