Key Points Interested in AZZ Inc.? Here are five stocks we like better. AZZ raised its fiscal-year outlook, now targeting sales of $1.8 billion-$1.85 billion, adjusted EBITDA of $375 million-$415 million and adjusted EPS of $6.75-$7.15. Growth is being driven by demand for grid modernization, power infrastructure, data centers, reshoring and aluminum beverage packaging, with…
In a highly anticipated speech at the annual Jackson Hole Economic Symposium on Friday, Federal Reserve Chair Kevin Warsh told the gathering of central bankers that inflation isn’t slowing meaningfully and vowed to do what it takes to push it down to the target rate of 2%. “We must be confident that underlying inflation is…
October WTI crude oil (CLV26) closed down -0.13 (-0.16%) on Friday, and October RBOB gasoline (RBV26) closed up +0.0598 (+2.00%). Crude oil and gasoline prices settled mixed on Friday. Crude prices posted modest losses on Friday after the dollar index ($DXY) rallied to a 2-week high. Also, signs of larger crude supplies transiting through the…
October Nymex natural gas (NGV26) on Friday closed down -0.026 (-0.89%). Nat-gas prices settled lower on Friday ahead of Energy Transfer LP’s scheduled start date next week for its Hugh Brinson pipeline in Texas. The pipeline, scheduled to begin service on September 1, will be able to move about 2.2 bcf/day of gas from the…
Happy Friday, traders. Welcome to our weekly market wrap, where we take a look back at these last five trading days with a focus on the market news, economic data, and headlines that had the most impact on gold prices and other key correlated assets—and may continue to in the future. So, what kind of…
By Chuck Mikolajczak NEW YORK, Aug 28 (Reuters) – The U.S. dollar saw strong gains on Friday, putting it on track for its biggest daily climb in 2-1/2 months after U.S. Federal Reserve Chair Kevin Warsh hinted that interest rate hikes may be needed should policymakers doubt that inflation is headed back toward the central…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Nvidia Corp CEO Jensen Huang said the company is benefiting from the rapid rise of both open and closed AI models, arguing that the success of either approach ultimately drives demand for Nvidia’s computing infrastructure. Nvidia Sees Opportunity…
By Howard Schneider and Ann Saphir JACKSON HOLE, Wyoming, Aug 28 (Reuters) – The U.S. central bank will “have work to do” if policymakers don’t get the confidence they need that inflation is heading down to 2%, Federal Reserve Chairman Kevin Warsh said on Friday, coming closer than he has to acknowledging interest rate hikes…
Featured image by Josie Doan/PitchBook The private markets have always sold two things: access and selection, but a New York-based firm is challenging the traditional model. At the start of the summer, private markets index manager NewVest became the first PE fund manager to launch a closed-end fund strategy on the London Stock Exchange Group‘s…
The Dow Jones Industrial Average waffled early Friday after Federal Reserve Chair Kevin Warsh wrapped up his speech at the Fed’s annual symposium in Jackson Hole, Wyo. Meanwhile, Rubrik (RBRK), Marvell Technology (MRVL), Affirm (AFRM), Elastic (ESTC) and PayPal (PYPL) were big movers on the stock market today. Shortly after noon ET, the Dow Jones Industrial…
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