US stocks rose in afternoon trading Monday as investors tried to build momentum off Friday’s rally. The Dow Jones Industrial Average rose 0.5% in afternoon trading, while the broad stock market index 500 advanced less than 0.1%, and the technology-heavy Nasdaq Composite Index dropped 0.7%. Last week, the S&P 500 suffered its longest weekly losing …
US stocks edged lower, suggesting major indexes will waver after a selloff that has pushed the S&P 500 down for six consecutive weeks. The S&P 500 slipped 0.4%. The Dow Jones Industrial Average retreated 0.2% while the technology-heavy Nasdaq Composite Index shed 0.6%. The S&P 500 suffered its worst weekly losing streak since June 2011, …
It’s tight quarters in Wall Street’s bear sleuth these days. Goldman Sachs just downgraded their 2022 US growth forecast (to 2.4% from 2.6%) and 2023 (to 1.6% from 2.2%), as senior chairman Lloyd Blankfein warned of “very, very high” risks for a US recession. “If I were running a big company, I would be very …
Textsize The Federal Reserve building in Washington, DC Liu Jie/Xinhua News Agency via Getty Images What might seem like a rare piece of good news for stocks comes from the bond market. The soaring yield on 10-year Treasury debt looks as if it might have hit its high point, or be close to it. If …
The 10-Year Treasury Yield May Have Peaked. It Makes Stocks Look Better. Read More »
An extended surge in diesel prices is challenging Wall Street bets that inflation is easing. A global shortfall of the fuel—the workhorse for much of the world economy—is straining industries from trucking to farming and adding to the pressure consumers face from higher energy prices. Europe, dependent on imports of Russian diesel that are expected …
Record Diesel Prices Pressure European Drivers, US Deliveries Read More »
It will take more than Friday’s big bounce to put to rest the fear of a bear market in stocks as uncertainty about the Federal Reserve’s ability to get a grip on inflation without sinking the economy stokes fears of stagflation — a pernicious combination of slow economic growth and persistent inflation. Stagflation is “an …
‘No where to hide?’ Why stagflation fears put stocks on verge of a bear market Read More »
It will take more than Friday’s big bounce to put to rest the fear of a bear market in stocks as uncertainty about the Federal Reserve’s ability to get a grip on inflation without sinking the economy stokes fears of stagflation — a pernicious combination of slow economic growth and persistent inflation. Stagflation is “an …
‘No where to hide?’ Why stagflation fears put stocks on verge of a bear market Read More »
One of the biggest names in crypto is bullish on the future of Robin Hood HOOD 24.88% Markets. That makes sense. But others might think twice before settling down in Sherwood forest. The disclosure on Thursday that Sam Bankman -Fried, the 30-year-old billionaire who founded the cryptocurrency exchange FTX, has bought at 7.6% stake in …
When Erik and Kelly Schmidt, both 35, went into a Central Florida Target store this week to buy their usual baby formula, Up & Up Gentle, for their five-month-old twins, they found an empty shelf. The pair then embarked on a half-day journey in search of formula, any formula, and their quest didn’t end there. …
If you recently gobbled up Twitter TWTR, -9.67% stock on the news that Elon Musk would be paying $54.20 a share to acquire the social media company and take it private, Friday the 13th is living up to his reputation. Just know that investing experts have been urging caution all along for anyone eyeing potential …
