“We would not lean bearish because of shutdowns,” Lee wrote in a note to clients Thursday. “If stocks are down, we would be dip buyers.”
Report shows hiring at lowest since 2009 as economists turn to alternative data during shutdown blackout
The data points fill in some gaps on information that usually comes from the Labor Department but are delayed because of the shutdown.
Stocks making the biggest moves premarket: Occidental Petroleum, Lithium Americas, Fair Isaac & more
These are the stocks posting the largest moves premarket.
Treasury Secretary Bessent says U.S. GDP could take a hit from the government shutdown
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Berkshire Hathaway to buy Occidental’s OxyChem for $9.7 billion, in Buffett’s biggest deal in three years
Warren Buffett is staying active even as he gets ready to hand over the CEO reins at the end of this year.
Trump Jr. dismisses crypto conflicts of interest, says dad’s not checking blockchain ledgers
Donald Trump Jr. and Zach Witkoff dismissed concerns regarding the project’s political ties as “complete nonsense,” at a major crypto event in Singapore.
SK Hynix shares hit multidecade highs, Samsung also surges as chipmakers partner with OpenAI
The partnership will “focus on increasing the supply of advanced memory chips essential for next-generation AI and expanding data center capacity in Korea.”
The government shutdown is likely to cement additional Fed interest rate cuts
Chair Jerome Powell and his fellow central bankers likely will err on the side of caution, which would be a bias towards easing.
Stocks making the biggest moves midday: Pfizer, Nike, Conagra, Corteva, GEO Group, Tesla, Reddit and more
These are some of the stocks posting the largest moves midday.
Leon Cooperman says we’ve reached the stage of the bull market that Warren Buffett warned about
Leon Cooperman believes we are in the late innings of a bull market where bubbles can form and risks rise.