Dow skids almost 1,200 points, books worst day since June 2020 on stagflation fears, higher costs eroding profits

MoneyWise
‘We are in a recession’: Long-time bull Cathie Wood warns investors about the ‘big problem’ in the economy. Here’s what she likes today
The super investor still sees opportunities ahead.
4h ago
The Wall Street Journal
Micron Shares Slump on Muted Sales Forecast
Memory-chip maker Micron Technology issued a subdued revenue outlook, spooking investors even as it reported a strong rise in earnings for its latest quarter. “Recently, the industry demand environment has weakened, and we are taking action to moderate our supply growth” in coming quarters, Chief Executive said in a statement, adding that he was still confident about long-term demand for memory and storage. Micron which makes data-storage and memory chips for computers and smartphones, had enjoyed a major upswing in sales and profit during the pandemic, benefiting from surging demand for electronics amid the work-from-home shift.
20m ago
Investor's Business Daily
Dow Jones Dives After Key Inflation Report
The Dow Jones Industrial Average dived 575 points Thursday after a key inflation reading, threatening to extend this week's losses.
7h ago
MoneyWise
Here's how America's millionaires are positioning themselves for a recession ⁠— if you're doing something different, you might want to think twice
We don’t advocate for theft. But stealing these strategies is a victimless crime.
8h ago
Investor's Business Daily
Micron Stock Falls After Chipmaker Delivers Dismal Outlook
Memory-chip maker Micron Technology badly missed estimates with its guidance for the current quarter. MU stock fell on the news.
15m ago
Motley Fool
Why Amazon, Apple, and Nvidia Are Falling Today
Shares of Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), and Nvidia (NASDAQ: NVDA) were all falling this morning after the Commerce Department reported its latest inflation figures, which showed inflation remains persistently high. The report said that the core personal consumption expenditures index rose 4.7% in May, only slightly less than expected and still a four-decade high. Technology investors have been watching inflation figures very closely, and with today's report, Amazon plunged 3.5%, Apple fell 2.4%, and Nvidia dropped 2.2%.
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Barrons.com
Xerox’s CEO Has Died. What It Means for the Company.
An ally of investor Carl Icahn, John Visentin suffered complications from an "ongoing illness," the enterprise-printing company said.
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Yahoo Finance Video
Walgreens earnings top estimates, sales drop 4.2%
Yahoo Finance Live anchors discuss third-quarter earnings for Walgreens.
7h ago
Insider Monkey
10 Extreme Dividend Stocks With Upside Potential
In this article, we will be taking a look at 10 extreme dividend stocks with upside potential. To skip our detailed analysis of dividend investing, you can go directly to see the 5 Extreme Dividend Stocks with Upside Potential. Dividend investing has been an attractive prospect for individual investors and hedge funds alike for many years. […]
1d ago
Insider Monkey
Cathie Wood’s Latest Thoughts on Inflation and Her 10 Worst-Performing Stock Picks
In this article, we discuss Cathie Wood’s latest thoughts on inflation and her 10 worst-performing stock picks. If you want to read about some more stocks in the Wood portfolio, go directly to Cathie Wood’s Latest Thoughts on Inflation and Her 5 Worst-Performing Stock Picks. Cathie Wood of ARK Investment Management has come under fire […]
8h ago
Bloomberg
SPAC Led by Former Apple Executive Goes Bankrupt Less Than a Year After Going Public
(Bloomberg) -- Enjoy Technology Inc., a retail startup founded by former Apple Inc. executive Ron Johnson, filed for bankruptcy on Thursday -- less than a year after going public through a merger with a blank-check company.Most Read from BloombergDemocrats Weigh Paring Biden Tax Hike to Win Over ManchinThe Wheels Have Come Off Electric VehiclesSupreme Court Crimps Biden’s Climate Agenda With Limits on EPAStocks Jolted by Recession Scare as Bonds Surge: Markets WrapTrump’s Final Scene Didn’t Go A
7h ago
Engadget
Solo Stove's fire pits are up to 45 percent off for July 4th
Solo Stove knocks up to 45 percent off fire pits for July 4th, bringing the cheapest of the bunch down to $200.
1d ago
TheStreet.com
As Carnival, Royal Caribbean and Norwegian Sink, Here's When to Dive In
These stocks are priced for an industry-wide calamity, but how realistic is that considering their customer base?
3h ago
Yahoo Finance
Tech stocks are having their worst year ever. Here's what history says happens next: Morning Brief
What to watch in markets on Thursday, June 30, 2022.
11h ago
Yahoo Finance Video
Inflation: Cruise lines facing 'some pushback on pricing,' analyst says
Citi Leisure Analyst James Hardiman joins Yahoo Finance Live to discuss the decline in cruise stocks ahead of the summer travel season, the demand for travel amid inflation, the state of the economy, and the outlook for the cruise line sector.
7h ago
TipRanks
2 “Strong Buy” Stocks That Are Too Cheap to Ignore
The current market conditions – the NASDAQ is down 29% year-to-date, and the S&P 500 is down 21% – offer bargain hunters a target-rich environment. Plenty of sound stocks have seen their prices decline, pulled down by the general market headwinds and the overall stock trend, to levels that have left them too cheap to ignore. At this level, investors can find the benefits of cheap stocks, which offer both learning opportunities and strong upside potential. However, in evaluating stocks to buy, it
5h ago
Yahoo Finance Video
Elon Musk takes notice as Kia, Hyundai climb EV sales chart
Yahoo Finance autos reporter Pras Subramanian examines Tesla CEO Elon Musk's acknowledgement of Hyundai and Kia's rising sales figures within the EV space.
42m ago
Investor's Business Daily
Sanofi Dives After FDA Slaps Its $3.7 Billion Drug With A Hold
Sanofi stock crumbled Thursday after the FDA slapped two of its final-phase studies with a hold, citing safety concerns.
47m ago
The Telegraph
Germany seizes three Gazprom tankers in new blow for Putin - live updates
Camelot loses legal battle to keep hold of National Lottery A defence spending cut – disguised by Boris Johnson's fiscal sleight of hand FTSE 100 falls 0.8pc as recession fears return Ben Marlow: Heathrow risks killing off the golden age of air travel Sign up here for our daily business briefing newsletter
1d ago
Motley Fool
2 Risky Stocks That Could Continue Falling This Year
A couple of stocks that I would be very cautious with right now are Novavax (NASDAQ: NVAX) and Rivian Automotive (NASDAQ: RIVN). Novavax's COVID-19 vaccine is approved for use in many countries, with Taiwan being the latest (on June 23) to grant it Emergency Use Authorization (EUA).
6h ago

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Dow skids almost 1,200 points, books worst day since June 2020 on stagflation fears, higher costs eroding profits

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