Should You Buy Bitcoin While It's 20% Below Its Record High?
The world's top cryptocurrency faces unpredictable near-term headwinds.
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Inflation eases to 2.4% in Europe, supporting likely central bank rate cut
Inflation in Europe eased to an annual 2.4% in February, supporting the case for another interest rate cut from the European Central Bank - but leaving open how far the central bank will go in lowering borrowing costs for an economy that's still struggling to show robust growth. The February figure for the 20 countries that use the euro currency was down from 2.5% in January as energy inflation dwindled and major economy France saw a rate of only 0.9%, the European Union's statistical agency Eurostat reported Monday. The lower consumer price inflation figure supports the view that the ECB is succeeding in its battle to get inflation back to its target of 2% and can focus on supporting tepid growth.
MasTec positions itself for oil and gas ‘renaissance’
The Coral Gables, Florida-based specialty contractor’s CEO said the company is positioned to capitalize on demand for energy and telecommunications infrastructure work.
USPS Priority Next Day launches in 54 markets
The overnight delivery offering's rollout comes as the agency prioritizes direct relationships with shippers.
Mainland China Investors’ Sway Over HK Stocks Grows
(Bloomberg) -- Mainland Chinese investors’ support for Hong Kong stocks is growing, helping to ease their valuation discount to onshore peers and indicating the city’s shares may rise further.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkNJ Transit to Deploy Customer-Serv
Goldman’s Kostin Warns S&P 500 Rally Faces Hurdles in Near Term
(Bloomberg) -- Any rebound in the S&P 500 Index is likely to prove temporary amid concerns about the US economy, according to Goldman Sachs Group Inc. strategists.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkNJ Transit to Deploy Customer-Service Teams After Record Delays
3 Reasons to Avoid GLW and 1 Stock to Buy Instead
Corning’s 23.7% return over the past six months has outpaced the S&P 500 by 16%, and its stock price has climbed to $50.30 per share. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.