It was the first time the telescopes have observed the same celestial target simultaneously.
Wall Street is on a roller coaster again, as investors try to navigate the path between high inflation and the Fed’s aggressive interest rate hikes. The former is raging – whether you blame Russia or Biden, the fact of high inflation can no longer be avoided – while the latter is rising – but whether it is rising fast enough to blunt inflation is yet to be determined. Jim Cramer, the well-known host of CNBC’s ‘Mad Money’ program, takes a hint from the bond market, where the US Treasury 2-year no
Sports reporter Josh Schafer outlines the circumstances of Nike's first-quarter earnings beat.
Shares of several real estate stocks and mortgage real estate investment trusts (REITs) struggled today as mortgage rates soared. Shares of the real estate brokerage Redfin (NASDAQ: RDFN) traded close to 7% lower as of 11:50 a.m. ET today. Meanwhile, shares of mortgage REITs AGNC Investment (NASDAQ: AGNC) and Annaly Capital Management (NYSE: NLY) traded more than 5% and nearly 10% lower, respectively.
The stock market took a U-turn on Thursday, erasing all the gains it made on Wednesday as investors continued to worry about the impacts of high inflation and the interest rate hikes that central banks are implementing to get it back in check. As of 11:40 a.m. ET, the S&P 500 was down 2.1%, and the tech-heavy Nasdaq has lost 2.9%. Companies tied to the electric vehicle industry were getting hit especially hard, with Rivian Automotive (NASDAQ: RIVN) down 5% and Chinese luxury EV-maker Nio (NYSE: NIO) falling 8.2%.
AT&T is trading lower Thursday and is very close to a major support breakdown. How major do you ask? Let's look at one Point and Figure chart. In the daily Point and Figure chart of T, below, we used close-only price data.
(Bloomberg) -- One of Apple Inc.’s most senior executives is leaving after he turned up in a viral video on TikTok making an off-color joke that he fondles “big-breasted women” for a living.Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMeta to Cut Headcount for First Time, Slash Budgets Across TeamsTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoStocks Plummet to 22-Month Low as Fed Hawks Circle: Markets WrapTrump Refuses to Delay
The Dow Jones Industrial Average sold off Thursday after key economic data. Apple stock fell on a downgrade.
Market instability is the biggest risk to central banks globally, replacing inflation, owing to massive amounts of leverage. Market stability affords the Fed the space needed for the most aggressive rate-hiking campaign since the late 1970s. The BOE on Wednesday was forced to start buying bonds to solve a potential crisis with U.K. pension funds.
These Apple suppliers are at risk if the tech giant pulls back on iPhone production, warns Bank of America.
Micron Technology Inc. executives, who warned about a semiconductor downturn in late June, on Thursday described a worse-than-expected drop in business as "sharp and sudden."
Shares of Carmax dipped sharply after the company missed second-quarter earnings expectations.
I bonds are a very popular investment asset, especially in a time of market volatility - the guaranteed variable return is attractive in a time when other investments seem too risky. There's only one major downside - you are limited … Continue reading → The post Senators Are Fighting to Help You to Buy More I Bonds Soon appeared first on SmartAsset Blog.
The sell-off is showing no signs of letting up, as the NASDAQ tumbled another 2.84% today, the S&P 500 has fallen 2.11%, and the Dow has shed just over 1.5%. It’s a rout, with the indexes testing new lows and moving deeper into the bear territory. The fall comes as investors are shifting sentiment on the Federal Reserve’s anti-inflationary moves. They are not exactly disapproving – but they are reconciling to the idea that we’re in for a hard landing, and that the Fed’s projected 4.6% peak inter
Berkshire Hathaway CEO Warren Buffett is well known for his frugality. The extent of his frugal quirks are well-documented. You may already know that he never spends more than $3.17 on breakfast or that he lives in the same house he bought in 1958 for about $31,000. You may even know from his documentary “Becoming Buffett” that his No. 1 is: Never lose money. What you may have missed though, was the Oracle of Omaha’s fancy for farmland. It must be heavy on his mind lately, as he alluded to it as
SpaceX and NASA have signed a new agreement to study the feasibility of sending a commercial crew in a SpaceX Dragon to boost the orbit of the Hubble Space Telescope. NASA officials cautioned that today’s news is not a mission announcement. For now, it’s just a feasibility study to consider whether such a mission is sensible, given technical and other constraints.
An annuity can be an appealing option to build your retirement nest egg. Adding guaranteed retirement income to your retirement can give you financial stability. But the exact amount that you'll get from an annuity each month will vary. Let's … Continue reading → The post How Much Does a $200,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.
Palantir Technologies renews its contracts with U.S. government and Armed Forces.
(Bloomberg) -- Micron Technology Inc., the largest US maker of memory chips, is slashing production to cope with a steep plunge in demand, the latest sign of how the semiconductor industry’s boom times have quickly turned into a crisis. Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMeta to Cut Headcount for First Time, Slash Budgets Across TeamsTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoStocks Plummet to 22-Month Low as Fed Ha
While most people should sit tight, there are some scenarios where reducing your stock allocation makes sense.