Piero Cingari

Piero Cingari

Benzinga Staff Writer

About
Piero is an accomplished Italian financial writer with extensive experience in the asset management and brokerage industry. He specializes in macroeconomics, central banks, bonds, and FX markets. Piero has a keen interest in how major economic events...
Auto Watchdog Intensifies Probe Into Tesla's Autopilot Recall As Safety Concerns Mount
NHTSA investigating Tesla's handling of recall affecting 2M vehicles with Autopilot software. Concerns over safety, data gaps, and misleading marketing.
Strong Quarterly Earnings Fuel Market Optimism Despite Inflation Concerns, Slowing Economic Growth: This Week In The Market
Tech stocks, as tracked by the Invesco QQQ Trust, experienced their best week in 2024. Energy stocks, this year's best performers, faltered.
Tech Stocks Rebound As Magnificent 7 Roar On Strong Earnings, Energy Giants Tumble: What's Driving Markets Friday?
Strong earnings reports from Alphabet Inc. (NASDAQ:GOOGL) and Microsoft Corp. (NASDAQ:MSFT) have restored positive sentiment in the market, sweeping away fears of increasing risks of stagflation that had
US Energy Stocks Fall Following Oil Giants' Subdued Earnings Reports
U.S. energy stocks decline after disappointing earnings from Exxon Mobil and Chevron. Energy sector ETF XLE sees worst session since Jan.
Fed's Preferred Inflation Gauge Outstrips Expectations: 'Rate Cuts Aren't Necessary For The Bull Market To Continue'
PCE price index surpasses projections, reaching 2.7% annually in March. Economists offer insights on potential Fed actions, with some expecting a wait-and-see approach and only one rate cut in 2024.
Fed's Key Inflation Indicator Hits 2.8%, Dashes Rate Cut Hopes; Traders On Alert
PCE inflation index rose more than expected in March, delaying rate cut expectations and causing market reactions. Fed's preferred gauge of inflation and key highlights.
Gold Glitters On Stagflation Tailwinds: Newmont Soars 13% In Biggest Post-Covid Gain, Leads Mining Sector Surge
Newmont outperforms expectations, sparking a rally in the gold mining industry despite weak investor sentiment. Strong Q1 performance and dividend declared.
Stocks Drop, Tech Tumbles With Meta's Weak Outlook, Q1 Stagflation Fears; Gold Miners Advance: What's Driving Markets Thursday?
Wall Street suffers a double blow in Thursday’s session, as softer-than-expected revenue forecasts from Meta Platforms Inc. (NASDAQ:META) are being compounded by weaker-than-expected economic growth and higher inflationary pressures last quarter, raising fears of a stagflation phase
Fed's Inflation Report Looms This Friday: What Makes It So Crucial For Markets?
Investors await release of PCE report, a key inflation metric. Concerns mount about resurgence of inflation as GDP and core PCE prices rise.
Magnificent 7 Tumble, Wipe Out $300 Billion On Meta's Weak Guidance, Q1 Stagflation Woes
Tech stocks plummet as Magnificent 7 giants lose $303B in market value. Meta Platforms issues weak guidance, GDP growth slows and inflation rises.
US Growth Slows In Q1, Yet Inflation Acceleration Signals Stagflation: 'The Worst Possible Outcome For The Fed'
US economy disappointed in growth, but inflation exceeded predictions, causing stagflation. Experts warn of negative impact on economy & markets.
US Economy Grows 1.6% In Q1, Sharply Below Expectations As Price Pressures Weigh On Spending (CORRECTED)
The U.S. economy grew in the first quarter of the year, albeit at a markedly slower pace compared to the final quarter of 2023.
Tesla Posts Strongest Session Since January 2022: Is A Trend Reversal Underway?
Tesla stock surges 12% despite falling short on Q1 earnings. Investors optimistic about future revenue, backed by upgraded rating and positive catalysts.
Treasury Yields Rise, Tesla Jumps On Cheaper Model Pledge, Yen Plummets To 34-Year Lows: What's Driving Markets Wednesday?
Rising Treasury yields have investors cautious despite positive news from the earnings season. The yield on the long-dated 30-year Treasury bond has surged to 4.79%. It’s on track to close at the highest level since early November, ahead of crucial economic data on Thursday.
Israel Gears Up For Military Strike In Rafah Despite Biden's Warning
Israel plans to evacuate civilians and target last Hamas stronghold in Rafah. Preparations underway, with US aid and criticism from Turkey.
Treasury Yields Reach 5-Month High, Lift Mortgage Rates; Expert Warns 'Federal Debt Blob Is Out Of Control'
U.S. Treasury yields continue to rise, impacting mortgage market and economy. Bond ETFs down, mortgage rates highest since 2023, federal deficit concerns.
US Economy Expected To Grow 2.5% In Q1: Not 'A Hard Landing And Hardly A Soft One'
The U.S. GDP growth rate for Q1 2024 is highly anticipated, with expectations of a 2.5% increase. Goldman Sachs forecasts a more optimistic 3.1% growth, driven by factors such as lower mortgage rates and strong consumer spending.
'We're Buying This Soft Landing': Former Fed Governor Blames Government Spending For Delaying Rate Cuts
Robert Kaplan critiques U.S. fiscal policies, stating they hinder Fed's ability to cut rates amidst inflation. Risk of high rates and debt.
Did The Fed's Strategy Pay Off? Goldman Sachs Projects Steady Inflation Decline In 2024
Goldman Sachs predicts core PCE inflation to decrease to 2.2% by end of 2024, citing decreases in consumer electronics and financial services prices.
Stocks Rally On Weaker PMI Data, Tech Earnings Optimism, Dollar Falls: What's Driving Markets Tuesday?
Stocks surged as weak economic data raised hopes for Fed rate cut. S&P 500 up 1.2%, Nasdaq 100 up 1.5%, Dow Jones up 0.6%. Spotify shares jump 17% on earnings.