The S&P 500 (^GSPC) is set to hit another record close on Tuesday and close above 6,400 for the first time ever. As has been the case for much of the bull market that started in October 2022, large-cap technology stocks are driving the market’s latest leg higher. “Investors are back to their usual embrace of US large cap Tech stocks over large caps in general and the move is not yet overdone,” DataTrek Research Co-Founder Jessica Rabe wrote in a Tuesday research note. Rabe highlighted that the top 20 stocks by market cap in the index have risen 40.6%…
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Image source: Getty Images Diageo’s (LSE: DGE) share price had been in a bearish trend since around April 2022. As the impact of Covid globally eased and the cost of living started to spike, discretionary spending on alcohol began to decline. According to industry figures, European retailers experienced a €2.7bn (£2.34bn) slump in alcohol sales in 2022 — a 4% year-on-year decline. This trend was exacerbated by a broader cultural shift in the younger generation to no- and low-alcohol drinks. In the UK, for example, this market segment grew by 47% between 2022 and 2023, outperforming traditional alcohol categories. Diageo’s…
Image source: Getty Images When assessing FTSE 250 stocks, I always look at valuation metrics to get an idea of a stock’s growth potential. One of the most popular such metrics is the price-to-earnings (P/E) ratio. It gives a quick idea of how the stock’s price stacks up against its recent earnings. A good average is typically around 20, with anything below 15 suggesting potential undervaluation. The problem is, it doesn’t always tell the full story. Popular growth stocks, particularly those in technology, can have P/E ratios in the hundreds — and still see their share prices climb! So to…
Discovery AlertCritica’s Jupiter Project: Australia’s Largest Rare Earth Discovery RevealedAustralia’s critical minerals sector has seen a significant discovery with Critica’s Jupiter project in Western Australia emerging as a potentially….20 minutes ago Source link
Instacart is lobbying against a delivery worker minimum wage bill on the grounds that its service is a lifeline to low-income families. One thing is clear, however: its service is a ripoff.For weeks, Streetsblog has been covering Instacart’s fight against Intro 1135, which would force it to pay its workers a minimum wage, revealing the tech company’s Astro-turf campaign to convince New Yorkers that they will suffer if a new wage requirement forces Instacart to raise prices.Fact is: Those New Yorkers are already suffering … if they use Instacart.As a test, this reporter went to Wegmans and bought a representative sampling…
NEW YORK — The U.S. stock market rallied to records on Tuesday after data suggested inflation across the country was a touch better last month than economists expected.The S&P 500 rose 1.1% to top its all-time high set two weeks ago. The Dow Jones Industrial Average climbed 483 points, or 1.1%, and the Nasdaq composite jumped 1.4% to set its own record.Stocks got a lift from hopes that the better-than-expected inflation report will give the Federal Reserve leeway to cut interest rates at its next meeting in September.Lower rates would give a boost to investment prices and to the economy…
ScienceDirect.comResearch Progress on the Extraction of Strategic Critical Metals (Rare Earth Elements, Gallium, and Germanium) and the High-Value Utilization of Major Element Silicon from Bulk Mineral-metallurgical Solid WasteStrategic critical elements, including rare earth elements (REEs), gallium (Ga), and germanium (Ge), are essential raw materials in high-tech industries..4 weeks ago Source link
Integrity Council for the Voluntary Carbon Market approves three new biochar and two improved forest management methodologies for assessing carbon credit projects Source link
raw material and mineral rare earth news Source link
NEW YORK: The S&P 500 and the Nasdaq scored record closing highs on Tuesday, as news that July inflation rose broadly in line with expectations bolstered bets on a Federal Reserve interest rate cut next month.The Labor Department said the Consumer Price Index (CPI) rose 0.2% on a monthly basis in July, while annual inflation came in slightly below forecasts, drawing calls from US President Donald Trump to lower interest rates.Yields on shorter-dated Treasury bonds – a reflection of interest rate expectations – slipped and rate futures showed traders are giving an 88.8% chance that the Fed could lower rates by about…