Author: News Room

Here’s a look at some of the stocks making the biggest moves on Wednesday.MongoDB — Shares jumped 9.4% after Morgan Stanley upgraded MongoDB to overweight from equal weight, citing the software company’s leadership in cloud optimization initiatives. The firm raised its price target to $270, which suggests shares could gain about 27% from Tuesday’s closing price.Shopify — Shares of the Canadian e-commerce startup jumped nearly 5% after JMP upgraded the stock to market outperform from market perform. The Wall Street firm is bullish on Shopify’s ability to gain market share with larger enterprise businesses. JMP’s price target of $65 per…

WASHINGTON – Fallout from the U.S. banking crisis is likely to tilt the economy into recession later this year, according to Federal Reserve documents released Wednesday.Minutes from the March meeting of the Federal Open Market Committee included a presentation from staff members on potential repercussions from the failure of Silicon Valley Bank and other tumult in the financial sector that began in early March.Though Vice Chair for Supervision Michael Barr said the banking sector “is sound and resilient,” staff economists said the economy will take a hit.”Given their assessment of the potential economic effects of the recent banking-sector developments, the…

Recent upheaval within the banking system is likely to drag the U.S. economy into a recession later this year, according to the Federal Reserve. Minutes from the U.S. central bank’s March 21-22 meeting released on Wednesday showed that staff members believe a downturn is imminent in the wake of several bank failures. “Given their assessment of the potential economic effects of the recent banking-sector developments, the staff’s projection at the time of the March meeting included a mild recession starting later this year, with a recovery over the subsequent two years,” the meeting minutes said. Officials voted at the meeting to…

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The latter part of your career — in your 40s, 50s and early 60s — is the prime time to position yourself for a successful retirement. While your “post-work” years may still seem a long way off, the time will pass quickly. For some, retirement may come sooner than expected as layoffs, illness or the responsibility of caring for another may cause you to leave the workforce earlier. As a result, it’s important to start your retirement planning as early as possible. We previously discussed the planning steps for your 20s and 30s, including five actions you can take in…

According to NextEarningsDate.com, the Procter & Gamble PG next earnings date is projected to be 4/21 before market open, with earnings estimates of $1.32/share on $19.27 Billion of revenue. Looking back, the recent Procter & Gamble earnings history looks like this: The company has an impressive long-term earnings per share chart: And with quarterly revenue that looks like this: But earnings reports can often uniquely bring abrupt volatility to a stock, in either direction, as investors digest the fundamental details. And that volatility can be a stock options trader’s dream come true — so such traders will be interested to…

The Board of Directors of Procter & Gamble declared an increased quarterly dividend of $0.9407 per share on the Common Stock payable on or after May 15, 2023 to Common Stock shareholders of record at the close of business on April 21, 2023. This represents a three percent increase compared to the prior quarterly dividend. This dividend increase will mark the 67th consecutive year that P&G has increased its dividend and the 133rd consecutive year that P&G has paid a dividend since its incorporation in 1890. It reinforces our commitment to return cash to shareholders, many of whom rely on…

BANGKOK (Reuters) – Thailand’s economy is expected to grow 3.6% this year, Bank of Thailand (BOT) governor Sethaput Suthiwartnarueput said on Monday, adding that fiscal an monetary policy should prioritize stability rather than economic stimulus. “The economy is resilient and is able to withstand multiple shocks,” Sethaput told TV channel JKN-CNBC. The economy grew 2.6% last year. The BOT last month raised interest rates a quarter a percentage point to 1.75% The BOT has raised its key rate by a total of 125 basis points since August, less aggressive than many of its regional peers. “Policy normalisation will continue, but…

By Barani Krishnan  Investing.com – stockpiles saw a build in the just-ended week, the government agency for energy data reported in data that showed the Biden administration pulled oil again from the nation’s reserves in a bid to ease tight market supply that could lead to inordinately high fuel prices. But demand for fuel also slackened last week, the Weekly Petroleum Status Report from the Energy Information Information, or EIA, showed. That weakened the debate on whether the reserve pull had a biased negative impact on the report. in storage rose by 0.597 million barrels during the week ended April…

Twitter owner and Chief Executive Elon Musk has dispensed with the social-media site’s moniker for corporate purposes, and chosen to house the company in a shell company called X Corp. Musk, who’s also CEO of Tesla Inc. TSLA and Space X , cryptically tweeted earlier Tuesday: And that was followed up by a Bloomberg News report early Tuesday… Read the full article here