Author: News Room

(Bloomberg) — The costs of many US household necessities retreated in March from a month earlier in welcome news for families that have been strapped by an extended period of rapid inflation. Key measures of housing costs registered their smallest monthly advances in about a year, while prices of groceries dropped for the first time since 2020 and household energy slid by the most in almost nine years, according to government data out Wednesday. That, along with a drop in gasoline prices, contributed to a smaller-than-expected 0.1% monthly increase in the consumer price index. “A reprieve in price growth for…

By Timothy Gardner WASHINGTON (Reuters) – The Biden administration on Thursday approved exports of liquefied from the Alaska LNG project, a document showed, as the United States competes with Russia to ship natural gas from the Arctic to Asia. The Department of Energy approved Alaska Gasline Development Corp’s (AGDC) project to export gas to countries with which the United States does not have a free trade agreement. Backers of the roughly $39 billion project expect it to be operational by 2030 if it gets all the required permits. The LNG would be exported mainly to countries in Asia. The Alaska…

© Reuters. Piper Snadler initiates DoubleVerify (DV) at overweight as company outperforms broader market By Michael Elkins Piper Sandler initiated coverage on DoubleVerify Holdings Inc (NYSE:) with an Overweight rating and $35.00 price target on the stock. DoubleVerify has outperformed the broader market, growing 36% in 2022 while calling for ~23% growth in their 2023 guidance. The company’s outperformance has been driven by a volume growth focus not tied to CPM movements, the early days of channel expansion into social, CTV, and retail media networks, and the ability to win new customers and upsell to existing customers. Analysts wrote in…

India is overtaking China today as the most populated country in the world, according to a MarketWatch projection of data released by the United Nations, which suggests India’s population will hit 1,425,782,975  today, while China’s will fall to 1,425,748,032. China had been the world’s most populous country since at least 1950, when the UN started releasing population data.  Today’s projection is based on data that was released in July 2022 in the United Nations’ World Population Prospects and a simple linear equation. The July 2022 report said only that India is projected to surpass China as the world’s most populous…

April is National Financial Literacy Month. To mark the occasion, MarketWatch will publish a series of “Financial Fitness” articles to help readers improve their fiscal health, and offer advice on how to save, invest and spend their money wisely. Read more here.Do you know the difference between a stock and a bond, or a mutual fund and an exchange-traded fund? MarketWatch put together a meat and potatoes — although that’s always relative — quiz for our savvy readers. We’ve stuck to some familiar topics — taxes, stocks, interest rates, savings and inflation. There are 10 questions — with one bonus…

BlackRock’s first-quarter adjusted earnings beat expectations and net inflows surprised on the upside, pushing the stock higher in premarket trading. Adjusted earnings were $7.93 a share in the first quarter, beating estimates of $7.78. Analysts closely watch the firm’s long-term net inflows, which include stock and bond products, private assets, and alternative investments, but not cash-management money-market funds. BlackRock reported that as $103 billion, higher than analysts’ expectations of $77.2 billion. This is a breaking news story. Below is a preview written before the results were published. When BlackRock reports first-quarter earnings early Friday, expect to hear less emphasis on…

The stock market might feel like it is range bound, but it has risen recently. Even a small gain can raise the chances of squeezes that can punish short sellers. Betting on stock declines by borrowing shares and selling them, hoping to buy them back at a lower price, can yield big gains. But it carries some unique risks, including the danger that prices can rise unexpectedly—and substantially—as short sellers buy to close their bets. Such gains can force other short sellers to do the same, sending prices spiraling higher, as losses become too painful to bear. S3 Partners, which…

Senate Minority Leader Mitch McConnell will return to the Senate on Monday following an absence as he recovered from a fall, the Kentucky Republican said Thursday. “I am looking forward to returning to the Senate on Monday. We’ve got important business to tackle and big fights to win for Kentuckians and the American people,” he tweeted. McConnell was hospitalized last month after he tripped and fell at a dinner event in Washington, DC. He was treated for a concussion and a rib fracture before being released to an inpatient rehabilitation facility for physical therapy. At the time, a McConnell aide…

The US banking turmoil has hit India’s flagship IT service providers Tata Consultancy Services and Infosys, which this week reported that anxious American clients had avoided spending decisions and even cancelled projects.Both TCS, India’s second-biggest listed company by market value, and rival Infosys missed analysts’ expectations on growth, as fears of a recession and a crisis in US banking spooked companies into trimming their IT spending.Following the collapse of specialist US lenders Silicon Valley Bank and Silvergate, and UBS’s emergency takeover of Credit Suisse, “there was a pause in spending in the month of March by the banking customers”, said…

This article was first posted in Outperforming the Market on April 13, 2023. Travelling in a post pandemic world likely involves the consideration of Airbnb (NASDAQ:ABNB). Airbnb has been seen as an alternative to hotels as it provides a unique value proposition to both hosts and guests. I previously shared with members of Outperforming the Market my ideal entry price for Airbnb at a more reasonable valuation as I think that the company is the top pick in the travel industry for me. In this article, I will share more about Airbnb and how it is faring in the post…