Author: businessinvestopedia.com

JPMorgan Chase Chief Executive Officer Jamie Dimon said Wednesday he still thinks there’s about a 35-40% chance of a “soft landing” for the U.S. economy, with a recession being the most likely scenario.When CNBC’s Leslie Picker asked Dimon whether his view had changed since February that the market was too optimistic about the risk of a recession, he said the chances were “about the same” as his previous prediction.”There’s a lot of uncertainty out there,” Dimon said. “I’ve always noted that geopolitics, housing, deficits, spending, quantitative tightening, elections — all of these things will cause volatility in the markets.”Dimon, head…

A look at companies garnering attention in midday trading: Fortinet — Cybersecurity stocks were the biggest gainers in the S&P 500 index on Wednesday, soaring 25% after Fortinet reported a strong second quarter and an upbeat outlook for the current quarter. The company reported adjusted quarterly earnings of 57 cents per share on revenue of $1.43 billion. Analysts surveyed by LSEG had expected earnings of 41 cents per share and revenue of $1.4 billion. Shopify — Shares of Shopify soared nearly 18% after the Canadian e-commerce company reported better-than-expected second-quarter results. Shopify said it expects revenue growth in the low-to-mid…

Dive Overview: Tulsa, Oklahoma-based Totem Technologies is shutting down, the fintech company’s founder and CEO, Amber Booker, said in a LinkedIn post over the weekend. “The totem has come to an end,” Booker wrote. Post to website. The neobank, which has raised about $2.2 million in pre-seed funding, has about 500 customers, Booker said. Dive Insights: totem Himself The report aims to provide banking services by and for Indigenous people, who it says are more likely to be unbanked and live farther from bank branches. The fintech, which has a mobile banking app that offers spending accounts, debit cards and…

Now may be a good time to start buying stocks with high dividend yields, according to BMO Capital Markets. The S&P 500 stocks with the highest dividend yields have significantly underperformed the index over the past year and a half, despite a recovery in recent months, chief investment strategist Brian Belski said. Higher long-term interest rates have weighed on the index since investors found attractive yields in the bond market. Yields are expected to start falling once the Federal Reserve starts cutting rates. According to the CME FedWatch tool, which is based on traders’ bets, the market is pricing in…

A scene from the Disney and Pixar film “Inside Out 2.”Sponsored by: 2024 Disney | PixarAmazing fact: DisneyThe media business is no longer a burden to the company.A key argument for Disney investors going forward into 2022 is that streaming losses, combined with a declining traditional pay-TV business and a string of box office slump, are fueling soaring sales and profits at the company’s theme parks and resorts. As a result, the company’s shares have fallen about 24% over the past two years, while the S&P 500 has risen 28% over the same period.The company’s second-quarter results suggest that change…

Equity market volatility and renewed concerns about economic growth may prompt some investors to carefully consider buying gold. Those who already own gold may sleep a little easier this week. With the stock market down sharply from its highs, spot gold has outperformed the overall stock and bond markets so far this year. What’s surprising is that gold has performed so well despite a year in which the Federal Reserve’s benchmark interest rate is above 5%, which is bad news for non-yielding gold. But things could turn in gold’s favor going forward. “Gold has weathered a big test of a…

Real estate developer Signature Global reported revenue growth of 135% to Rs 4,000 crore from Rs 1,700 crore in Q1FY24.The company’s net profit for the quarter was Rs 0.07 crore, as opposed to a loss of Rs 0.07 crore in Q1FY24. During the quarter, the company achieved pre-sales of Rs 31.2 crore in Q1FY25, registering a growth of 255% YoY.Collections in Q1FY25 increased 102% to Rs 12.1 billion from Rs 6.0 billion in Q1FY24. The company’s net debt declined to Rs 9.8 billion at the end of Q1FY25 from Rs 11.6 billion at the end of FY24.”In the first quarter…

The concept of DePIN aims to build a decentralized infrastructure that empowers end users by providing services at more affordable rates. A unique use case for DePIN is that each participant in the ecosystem can collect data, contribute it to the network, and receive rewards for that data.Using data assigned to individual users while preserving privacy through blockchain encryption and DePIN data sharing, insurers can more accurately assess the driving risk of specific drivers. Unlike traditional methods that rely on broad assumptions, DePIN provides a granular understanding of individual driving behavior.

The CEO of Maersk, a shipping giant seen as a barometer of global trade, said on Wednesday he sees no signs of a U.S. economic downturn as cargo demand remains strong.”In fact, in the last few years [the shipping container] “The container market has remained remarkably resilient against previous fears of a recession,” Vincent Clercq told CNBC’s “Squawk Box Europe” on Wednesday, adding that container demand is generally a good indicator of underlying strength in the macro economy.U.S. inventories — goods stored awaiting delivery or processing — are “higher than at the beginning of the year, but not at levels…

See what companies are trending before the market opens. Disney — Shares fell about 1% after the media giant reported quarterly results that beat analysts’ expectations, thanks in part to strong performance from its streaming division. Disney earned $1.39 a share, excluding items, on revenue of $23.16 billion. Analysts had expected earnings of $1.19 a share and revenue of $23.07 billion, according to LSEG. Airbnb — Lower-than-expected revenue guidance for the third quarter sent Airbnb shares lower in premarket trading, dropping nearly 14%. The company sees revenue in the range of $3.67 billion to $3.73 billion. Analysts had expected a…