Benzinga · Aug 21, 2023
In a recent interview with Tucker Carlson on X, presidential hopeful Vivek Ramaswamy spotlighted concerns about an impending U.S. recession in 2024, leaning heavily on historical indicators.
What Happened: Central to his argument was the inverted yield curve, where interest rates on short-term bonds eclipse those on their long-term counterparts.
Most investors know that the U.S. Treasury yield curve is considered a potent barometer for the U.S. business cycle. An upward-sloping curve — where longer-term rates exceed shorter-term ones — generally precedes economic expansion. The rarer inversion signals possible recessions, historically within 10 to 13 months.
With the last inversion recorded in October 2022, Ramaswamy's ...Full story available on Benzinga.com
GlobeNewswire Inc. · Aug 2, 2023
BASEL, Switzerland and LONDON and NEW YORK, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Roivant (Nasdaq: ROIV) today announced that it will redeem all of its outstanding public warrants (the “Public Warrants”) and private placement warrants (the “Private Placement Warrants” and, together with the Public Warrants, the “Warrants”) to purchase Roivant’s common shares (the “Common Shares”) pursuant to its Warrant Agreement dated September 30, 2021 with Equiniti Trust Company, LLC (formerly American Stock Transfer & Trust Company, LLC) as successor warrant agent (the “Warrant Agent”) (the “Warrant Agreement”), that remain outstanding following 5:00 p.m. New York City Time on September 1, 2023 (the “Redemption Date”) for a redemption price of $0.10 per Warrant (the “Redemption Price”).
Benzinga · Jun 28, 2023
Stocks were mixed on Wednesday, with technology holding up better than the premarket predicted, despite a Wall Street Journal report that the U.S. government is considering semiconductor export limits to China.
Fed Chair Jerome Powell stated at the ECB Forum on Central Banking that additional interest rate hikes – at least two – are on the way this year, without ruling out hiking at consecutive meetings. Furthermore, the Fed chair said the U.S. economy is highly resilient, and that a recession, while possible, is not the most likely scenario.
The Fed is due to release the results of its annual stress tests for banks at 4:30 p.m. EDT Wednesday.
Highlights from Wednesday’s Trading:
The S&P 500 was slightly up (0.1%) as of midday trading, while the Dow slipped 0.2%.
The tech-heavy Nasdaq 100 posted a 0.6% uptick, while small caps in the Russell 2000 gained 0.3%
U.S. Indices’ Performance on Tuesday
Index
Performance (+/-)
Value
Nasdaq 100
+0.55%
15,020.54
S&P 500 Index
+0.06%
4380.98
Dow Industrials
-0.23%
33,849.65
Russell 2000
+0.27%
1,855.65
Analyst Color:
An analyst is optimistic about the near-term market outlook, as he fell back on history to highlight the positivity. When the S&P 500 is up more than 10% for the year-to-date period at the end of June, the performance during the next six months is much better than the average, said Carson Group analyst Ryan Detrick.
“But ...Full story available on Benzinga.com
GlobeNewswire Inc. · Jun 26, 2023
BASEL, Switzerland and LONDON and NEW YORK and BOSTON, June 26, 2023 (GLOBE NEWSWIRE) -- Roivant Sciences (Nasdaq: ROIV) today announced that it will host a live conference call and webcast at 8:00 a.m. ET on Wednesday, June 28, 2023, to report its financial results for the fourth quarter and fiscal year ended March 31, 2023, and provide business update.
