Asian markets mostly lower as inflation worries cloud outlook

Bloomberg
‘Simply Outrageous:’ EY Hit With $100 Million Fine After Audit Employees Cheat on CPA Ethics Exam
(Bloomberg) -- Ernst & Young LLP admitted that dozens of its audit personnel cheated on the ethics portion of the Certified Public Accountant exam and that the firm misled US regulators probing the misconduct, according to the Securities and Exchange Commission.Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsBig Tech Sinks Stocks Bruised by Recession Jitters: Markets WrapMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseChina Cuts Travel Quar
17h ago
MoneyWise
‘This recession will be the most severe yet’: Peter Schiff called the 2008 financial crash and now says the next downturn will be worse. Here's what he likes for safety
Schiff publicly predicted the great financial crash of 2008. Will he be right again?
9h ago
Investor's Business Daily
Dow Jones Dives As Inflation Fears Rise; This Stock Pops As Warren Buffett Raises Stake; Nike Plunges
The Dow Jones fell as inflation fears rose. A Warren Buffett stock rose after Berkshire Hathaway raised its stake. Nike and Apple stock fell.
10h ago
TheStreet.com
Cathie Wood: I Erred On Inflation, But Recession is Here
Hotshot investor Cathie Wood, chief executive of Ark Investment Management, has said repeatedly in recent weeks that we're headed for disinflation soon. Consumer prices soared 8.6% in the 12 months through May, a 40-year high. "We were wrong on one thing and that was inflation being as sustained as it has been," Wood told CNBC.
13h ago
KERO - Bakersfield Scripps
Mystery rocket leaves double crater on the moon
There is a double mystery on the moon involving a rocket that crashed there. First there's no idea who launched the rocket but the bigger mystery is why did it leave two craters? NASA says astronomers noticed the rocket on a collision course with the moon last year.
14h ago
Investor's Business Daily
Dow Jones Futures: Market Rally Flashes Very Bearish Signal; 5 Stocks To Watch
Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures. The stock market rally suffered sharp losses Tuesday, with the Nasdaq and S&P 500 breaking below a key level. Economic reports revived recession and inflation fears.
3h ago
TheStreet.com
Shopify Stock Split: What the Charts Say Ahead of 10-for-1 Split
Not a lot of positives surround Shopify at the moment. Unfortunately for many investors, that disappointment is not limited to just Shopify, but also includes most growth stocks at the moment. Many growth stocks are down 60% to 70% or more.
12h ago
SmartAsset
Pay Fewer Taxes on Your Retirement Income With This Withdrawal Strategy
Looking to pay fewer taxes on your hard-earned retirement income and extend the life of your savings? Doing so may be easier and simpler than you expected. For retirees with assets spread across various buckets, from taxable investment accounts to … Continue reading → The post Pay Fewer Taxes on Your Retirement Income With This Withdrawal Strategy appeared first on SmartAsset Blog.
8h ago
MoneyWise
‘We have a whole lot more to go down’: Suze Orman thinks we’re headed for a recession and warns that things may get a ‘little bit ugly.’ Here's what she likes for safety
Suze is bearish — but not on everything.
1d ago
Fortune
The bottom of the bear market is still 10% away, Morgan Stanley Wealth Management says. And the odds of a recession have doubled, too
Lisa Shalett, Morgan Stanley Wealth Management’s chief investment officer, says the odds of a recession are now over 50%.
9h ago
TipRanks
2 “Strong Buy” Dividend Stocks With at Least 7% Dividend Yield
We’re facing a maelstrom of conflicting currents in the markets today, with a series of headwinds running head-on into each other. Consumer sentiment is low – in fact, at the lowest levels ever recorded, with 79% of consumers expecting economic conditions to get worse in the coming year. Inflation is high, at levels not seen since 1981, and is expected to remain elevated through the end of 2023. Fuel prices are major driver with the national average for a gallon of gasoline exceeding $5. The hou
16h ago
Investor's Business Daily
Qualcomm Stock Rises As Apple's 5G Modem Chip 'Fails,' Analyst Says
Apple’s efforts to replace Qualcomm as a supplier of 5G modem chips for its iPhone reportedly have hit a snag.
9h ago
Investor's Business Daily
Pfizer, Moderna, Novavax: FDA Experts Vote 19-2 To Include Omicron Shot In Covid Boosters
A split FDA panel voted Tuesday to recommend including an omicron component in updated Covid boosters this fall.
7h ago
MarketWatch
Why the S&P 500 may be in for a 1966-style bear market, according to DWS Group
David Bianco, chief investment officer Americas at DWS Group, has a price target for the S&P 500 of 3,700 to f 4,100 for the second half of the year.
7h ago
Motley Fool
Why Carvana Stock Is Falling Hard Today
Shares of the online car-buying company Carvana (NYSE: CVNA) were plunging this morning, likely after a Barron's article published over the weekend said that the company, in some cases, sold cars before it even had the title to them. Barron's said in its reporting that Carvana was selling cars too quickly during the pandemic, when demand for buying a car online soared, which led to problems in receiving the proper title for vehicles for some customers. Apparently, enough people have experienced this problem that a lawsuit is being brought against the car seller, saying that some customers went years without legally being able to drive vehicles purchased from Carvana.
2d ago
Bloomberg
Hottest US Housing Markets Now Have Bigger Share of Price Cuts
(Bloomberg) -- US cities that saw some of the biggest jumps in home prices during the pandemic now have the largest shares of price cuts, according to data compiled by Zillow Group Inc. Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsA $2 Trillion Free-Fall Rattles Crypto to the CoreMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseAnti-Abortion Centers Find Pregnant Teens Online, Then Save Their DataHyundai Quietly Climbs the EV Sales Charts
1d ago
TheStreet.com
Tesla Has a New Rival on the Rise
The maker of premium and high-end electric vehicles remains the market leader in electric vehicles but sees a threatening rival.
2d ago
The Independent
CNN host announces on air she has quit network: ‘I’m tired of being tired’
Christi Paul will move to Ohio to spend more time with her family
2d ago
MarketWatch
Why Congress’ new retirement reforms aren’t all they’re cracked up to be
A new set of reforms to America’s retirement tax and savings plans passed a key hurdle in Congress last week. Variously known as the SECURE Act 2.0, the EARN Act and the RISE & SHINE Act, the measures will make changes to rules around IRAs, 401(k)s and other tax-privileged retirement plans. They barely address the biggest retirement crisis facing the U.S.
13h ago
TipRanks
2 Contraceptive Stocks That Could Benefit From Roe v. Wade Reversal
Recent events, particularly the reversal of the long-standing Roe v. Wade decision that guaranteed women’s right to have an abortion, have put women’s health matters squarely in the spotlight. It also opens up an opportunity for biomed firms involved in the fields of reproductive health and contraception. So today we’ll look at two stocks closely tied to the contraceptive business – to the research and marketing of new methods. But that's not all, according to TipRanks database, these are stocks
8h ago

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Asian markets mostly lower as inflation worries cloud outlook

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