State Street''s global investor confidence gauge rises in May 2023/05/31 15:29:24 Seeking Alpha
State Street Global Market''s global investor confidence index rose to 89.8 from April''s revised reading of 83.5, as the end of the global tightening cycle neared and the U.S
Clearstream and Proxymity to Launch Digital General Meeting Announcement Service in Germany and Luxembourg 2023/05/30 09:00:00 Accesswire
New one-stop shop corporate event announcement platform for issuers and issuer agents in Germany and Luxembourg to cover all asset classes LONDON, ENGLAND / ACCESSWIRE / May 30, 2023 / Proxymity, the leading digital investor communication platform, and Clearstream, the post-trade business for global markets, have expanded their partnership to create a digital general meeting announcement solution. Proxymity logo Proxymity Historically, communication between issuers and investors was initiated through multiple disparate sources and using different modalities, causing delays and a fragmented process for intermediaries and investors. With the new platform, Proxymity and Clearstream are looking to automate issuer investor communication to resolve these issues and facilitate better proxy voting and corporate event communications for all parties involved. The central platform will enable issuers and their issuer agents to improve corporate event communications between intermediaries and investors by publishing "golden record" general meeting announcements directly to the Issuer CSD and onward to intermediaries and investors for a wide portfolio of financial instruments, including domestic equities, bonds, ETFs, investment funds, and Eurobonds (XS ISINs).
7 Stocks That Could Be the Next $500 Billion-Dollar Companies 2023/05/29 00:08:10 InvestorPlace
A few stocks recently eclipsed the $1 trillion mark. A couple more attained $2 trillion valuations. And others, such a the top stock to buy below, could reach the $500 billion mark shortly. These names are some of the top stocks for future growth and among the best stocks to buy. All are growing rapidly and are exploiting very strong, favorable trends likely to continue for many years to come. Without further ado, here are the seven stocks to buy, which could become $500 billion companies. ADBE Adobe $415.39 MA Mastercard $374.37 CRM Salesforce $215.44 NFLX Netflix $378.88 AVGO Broadcom $812.73 ASML ASML. $735.93 JPM JPMorgan $136.94 Stocks to Buy: Adobe ( ADBE ) Source: Shutterstock Adobe (NASDAQ: ADBE ) has become the “go-to” software for design and marketing professionals. And the company is starting to incorporate AI into its products, For example, it recently launched an AI tool for its popular Photoshop software. One reviewer raved that “Photoshop’s new AI features look like magic.” And the company’s Chief Strategy Officer, Scott Belsky, recently indicated that its Adobe Experience Management platform, which is used by marketers, would utilize AI in order to personalize its output.
State Street: Looks Intriguing Trading At Book Value 2023/05/28 06:10:32 Seeking Alpha
State Street''s Q1 2023 EPS decrease of 3% was driven by lower fee revenue but partially offset by higher net interest income. Read why STT stock is a Buy.
42K new jobs on cards after KTR’s UK, US tour 2023/05/26 03:01:00 The New Indian Express
The tour resulted in significant investment announcements and the creation of approximately 42,000 jobs in Telangana. HYDERABAD: IT and Industries Minister KT Rama Rao has concluded his tour to the UK and the US. During the two-week trip, he participated in over 80+ business meetings, attended five sector-specific roundtable meetings, and spoke at two conferences. The tour resulted in significant investment announcements and the creation of approximately 42,000 jobs in Telangana. KTR engaged in numerous meetings in London, New York, Washington DC, Houston, Henderson, and Boston, attracting substantial investments across sectors such as BFSI, IT and ITES, media and entertainment, aerospace and defence, life sciences, medical devices, digital solutions, innovation and data centres, automotive, and EV. This further solidified Telangana’s position as a global investment destination. The proposed investments and collaborations are expected to generate around 42,000 direct jobs, with the potential to create 3 to 4 indirect jobs per position.
Motorcyclist dies after colliding with pickup truck in Sandy; State Street closed 2023/05/04 20:50:50 KSL
A motorcyclist died after he collided with a pickup truck making a left-hand turn off State Street on Thursday afternoon, police say.
Oklahoma puts BlackRock, State Street and others on ESG blacklist 2023/05/04 17:27:00 Citywire USA
The Sooner State put 13 firms on a list of companies deemed to be boycotting fossil fuels
US stocks end lower after latest Fed interest rate increase 2023/05/03 20:58:39 The Sun Daily
NEW YORK: Wall Street stocks declined on Wednesday (May 3) after the Federal Reserve (Fed) lifted interest rates again, but signaled it could pause on additional hikes. The Dow Jones Industrial Average fell 270.29 points, or 0.8%, to 33,414.24, the S&P 500 lost 28.83 points, or 0.70%, to 4,090.75 and the Nasdaq Composite dropped 55.18 points, or 0.46%, to 12,025.33. All of the major S&P 500 sectors ended lower, with energy and financials down the most. The KBW regional banking index was down 0.9%, extending this week''s sharp losses. The Fed raised its benchmark lending rate for a tenth consecutive time on Wednesday, by another quarter-point, in a move that was widely expected by analysts. “The Fed continues to walk the tightrope, and that is they’re trying to strike a balance between their inflation fighting credibility while trying to engineer a soft landing,” said Michael Arone, chief investment strategist at State Street Global Advisors in Boston. The central bank said it would monitor economic conditions to determine if additional steps may be appropriate, modifying earlier language that suggested more strongly that higher rates were coming. “We feel like we’re getting close, or maybe even there” when it comes to raising interest rates sufficiently to counter inflation, Fed chair Jerome Powell said during a press conference.
State blacklists more than a dozen major financial firms for woke boycott of oil and gas 2023/05/03 16:55:39 WND
(Image by andreas160578 from Pixabay ) By John Hugh DeMastri Daily Caller News Foundation The state of Oklahoma will no longer work with 13 financial firms after state Treasurer Todd Russ determined they were boycotting energy companies, the Daily Caller News Foundation has learned. The decision — which was first reported by Fox News — follows a monthslong probe by Russ into the environmental, social and governance (ESG) policies of financial institutions that worked with the state, and is the most aggressive anti-ESG action taken by a Republican state. Under Oklahoma law , the affected institutions, which include Bank of America, WellsFargo, JPMorgan Chase, State Street and the world’s largest asset manager, BlackRock, will lose access to the billions in funds they manage for the state. “The energy sector is crucial to Oklahoma’s economy, providing jobs for our residents and helping drive economic growth. It is essential for us to work with financial institutions that are focused on free-market principles and not beholden to social goals that override their fiduciary duties,” said Russ in a statement shared with the DCNF. “Our state’s financial partnerships should reflect our priorities and values, and it is our responsibility to partner with companies that share our vision for a strong and prosperous Oklahoma economy, and that includes our energy sector.” JPMorgan Chase characterized the decision as “baseless” in a statement to the DCNF. “[A]s the nation’s largest bank, we are among the top financers across the energy sector, including traditional energy sources,” the company said. “Our business practices are not in conflict with this anti-free market decision, and we look forward to continuing to serve customers and communities in Oklahoma.” WND is now on Trump''s Truth Social!
5 Investors Betting Big on Ideanomics (IDEX) Stock 2023/05/02 18:12:09 InvestorPlace
Source: Shutterstock One of today’s biggest movers is once again Ideanomics (NASDAQ: IDEX ) stock. Today’s move of more than 20% higher in IDEX stock is intriguing, as the company could potentially be headed for delisting. As InvestorPlace covered in yesterday’s session, IDEX has clearly been on a roll in recent days. Yesterday, the company saw an intraday surge of more than 90% despite headwinds. In fact, over the past two days, IDEX stock has surged from around 2 cents to nearly 6 cents at the time of this writing. This is a very speculative stock, to be sure. And there are reasons why the company’s valuation has sunk to basically zero. The latest filing from Ideanomics suggests that the company may be delisted in short order, although high short interest has kept speculators around, playing various bounces near zero. Ideanomics has said it will request an appeal hearing to contest what would have been a delisting on May 1. The delisting would have been due to IDEX stock trading at or less than 10 cents per share for more than 10 consecutive trading days.
State Street Corporation (NYSE: STT) Is A Blank Check For Growth 2022/12/09 17:00:00 Stocks Register
State Street Corporation (NYSE:STT) shares, rose in value on Friday, December 09, with the stock price up by 1.14% to the previous day’s close as strong demand from buyers drove the stock to $79.01. Actively observing the price movement in the recent trading, the stock is buoying the session at $78.12, falling within a range … State Street Corporation (NYSE: STT) Is A Blank Check For Growth Read More »
We’re past peak inflation, says State Street 2022/12/09 07:31:00 Herald Sun Australia
State Street Global Advisors sees a risk of persistent inflation leading to further interest rate hikes, recessions and global financial markets instability in 2023 but maintains that inflation will fall significantly within six months, allowing a downward reset of interest rate expectations.
EXCLUSIVE: Why The Largest Custodian Bank In The World Sees Opportunity In Tokenization, Not Cryptocurrencies 2022/12/08 19:42:39 Benzinga
State Street (NYSE: STT ) has ramped up its focus on digital assets and tokenization as it sees significant opportunity in the space . But, "it''s not about cryptocurrencies," State Street''s Jay Biancamano said Thursday at Benzinga''s 2022 Global Fintech Deal Day in New York City. What To Know: State Street has approximately $40 trillion in assets under custody. The market cap of all cryptocurrencies combined sits below $1 trillion. Even if the company were to custody all of the cryptocurrencies in the world, it still wouldn''t "move the ball for us," Biancamano said. "It''s really about taking the assets which are not mainstream right now." State Street describes tokenization as the process of taking a tangible asset and replicating it on a blockchain in the form … Full story available on Benzinga.com
Interest rate cuts to follow as inflation ‘peaks’ – State Street 2022/12/08 02:30:00 Independent Ireland
Inflation has passed its peak, setting the scene for the current round of bruising interest rate hikes to begin to go into reverse by late 2023 led by the US, analysts at global money manager State Street think.
The US stock market closed mixed, Dow Jones did not rise in price 2022/12/08 02:01:08 InstaForex
At the close of the day on the New York Stock Exchange, the Dow Jones did not rise in price, the S&P 500 index fell 0.19%, the NASDAQ Composite index fell 0.51%. The leading performer among the components of the Dow Jones index today was 3M Company, which gained 1.77 points (1.42%) to close at 126.35. Merck & Company Inc rose 1.16 points or 1.06% to close at 110.09. Amgen Inc rose 0.87% or 2.47 points to close at 285.76. The biggest losers were Salesforce Inc, which shed 2.79 points or 2.09% to end the session at 130.48. Apple Inc. shares rose 1.97 points (1.38%) to close at 140.94, while Boeing Co was down 1.93 points (1.08%) to close at 176.50. . Leading gainers among the S&P 500 index components in today''s trading were State Street Corp, which rose 8.19% to hit 80.45, Campbell Soup Company, which gained 6.02% to close at 56.18, and also shares of Bank of New York Mellon, which rose 4.13% to close the session at 44.61. The biggest losers were M&T Bank Corp, which shed 7.72% to close at 147.97.