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Job seekers attend the JobNewsUSA.com South Florida Job Fair at Amerant Bank Arena on June 26, 2024 in Sunrise, Florida.Joe Raedl | Getty ImagesData released Friday by the Labor Department showed that the unemployment rates for white, Black and Hispanic women rose in line with the overall trend in June.The unemployment rate for white adult women rose to 3.1% in June, up from 3.0% the previous month. The unemployment rates for black women and Hispanic women rose as well, rising from 5.2% to 5.7% and 4.1% to 4.5%, respectively.This trend is consistent with the overall unemployment rate, which rose slightly…

I am always looking for stocks with the ideal technical setup, and my favorite is a chart with a long-term uptrend and a short-term pullback. This setup has proven to be so profitable that most institutional quantitative models include a momentum factor, usually called “12-1 momentum,” and I’m basically looking for stocks with high 12-month returns and low 1-month returns. I actually call this setup a “fat pitch” chart. In baseball terms, a fat pitch is a fastball that goes right over the plate, and no matter what the count is, you swing at it because you’re likely to hit…

A look at companies garnering attention in midday trading: NVIDIA — Shares of the artificial intelligence darling fell 1% after a rare negative call on Wall Street. New Street Research cut NVIDIA to “hold” from “buy,” saying upside potential is limited given the company’s big gains this year. This is NVIDIA’s second downgrade this year. Macy’s — Shares of the retailer rose more than 12% after The Wall Street Journal reported that a group of investors led by Arkhouse Management and Brigade Capital Management had raised their takeover bid. The group is offering Macy’s about $24.80 a share, up from…

July 5th: P2P payments app Valora launches Mobile Stack, which it describes as “an open protocol that simplifies the creation of Web3 native mobile apps on iOS and Android.” According to the team, “By giving Web3 brands and startups the tools they need to make their apps easily accessible to consumers, we pave a critical path to bring the next billion users on-chain. Troopo (Stake Capital/Curve) and The ChatGPT DataDAO (Vana) are among the first ecosystem partners on Mobile Stack to bring Web3 dApps to mobile, demonstrating how Web3 products can be reimagined as consumer-friendly, mobile-first experiences.”

Nifty ended Friday’s session with a 22-point gain and formed a bullish rebound candle pattern, which indicates that bulls may make a comeback after a minor drop.The underlying trend for Nifty remains positive. The upside hurdle near 24,400-24,500 levels is likely to be breached in the next few sessions. The immediate support is at 24,170 levels, said Nagaraj Shetty, Head of HDFC Securities.What should traders do? Here’s what analysts say:Rupak De, LKP SecuritiesThe index opened with a gap down. But after the initial weakness, put writers came back in large volume. The 24,200 level saw heavy writing on the put…

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Global stocks are expected to hold on to record highs hit on Thursday as traders looked to U.S. employment data due on Friday for clues about a Federal Reserve interest rate cut.Tokyo’s Topix index fell after hitting another record high. The move followed gains in European stocks, led by France. U.S. stock futures were little changed in Asia as markets were closed for a public holiday on Thursday. Global stock indexes are on track to post their longest weekly gain since March, driven by a string of weak U.S. economic data that revived hopes of a rate cut in September.…

Saks Fifth Avenue at Waterside Shops. John Graeme | LightRocket | Getty ImagesSaks Fifth Avenue parent HBC said Thursday it is combining two historic retailers and acquiring Neiman Marcus Group Inc. for $2.65 billion.The merger will create Saks Global, which includes Saks Fifth Avenue, Saks Off Fifth, Neiman Marcus’ namesake department store chain and Bergdorf Goodman.”We are excited to take this step to combine these iconic luxury brands,” HBC CEO Richard Baker said in a statement. “For years, many in our industry have been anticipating this transaction and the benefits it will bring to our customers, partners and employees.””It’s an…

Patrick Bertoletti, Jeffrey Esper and other contestants compete during the 2024 Nathan’s Famous Independence Day International Hot Dog Eating Contest at Coney Island on July 4, 2024 in New York City, USA.Gina Moon | ReutersA new leader has emerged in the world of frankfurter eating.Patrick Bertoletti won the annual Nathan’s Hot Dog Eating Contest on July 4, ending an era after a feud between 16-time winner Joey Chestnut and the contest’s organizers, Major League Eating.Bertoletti, 39, of Illinois, won the men’s mustard yellow belt this year after consuming 58 hot dogs in the 10-minute contest. Miki Sudo set a new…

A. In terms of correlation, volatile assets like cryptocurrencies are very important in lowering overall portfolio volatility. Lowering overall portfolio volatility is important because it helps smooth investment returns over time. This is important for many reasons. For example, investors may have significant and unpredictable liquidity needs. If you hold a portfolio of highly correlated assets and returns on those assets are sluggish, you will pull a larger percentage out of your portfolio compared to a portfolio that includes less correlated assets. In this regard, cryptocurrencies with low correlation to traditional assets can help. Their volatility has historically been positively…