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.
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%.
Dead cat bounce? This legend certainly thinks so.
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
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."
(Bloomberg) -- Grim milestones keep piling up for Chinese stocks listed in Hong Kong. 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 WrapMarjorie Taylor Greene’s Husband Files for Divorce After 27 YearsAs September draws to an end, the Hang Seng China Enterprises
Earlier this week, the Dow Jones joined the S&P 500 and the NASDAQ in bear market territory. It marks the first time this year that the Dow has dipped below a 20% loss from peak – but it also marks a turning point in investor sentiment. A mood of doom and gloom is setting in. A change in times and a change in mood requires a change in outlook, a shift in perspective, for investors to succeed. With all three main indexes so far down, it’s clear that the last year’s modes of trading aren’t going t
Nike earnings just beat expectations late Thursday. But shares tumbled late on higher inventories, lower margins.
Yahoo Finance Live anchor Seana Smith details a new report that Meta is planning to cut costs, freeze hiring, and restructure its teams.
Susquehana analyst Christopher Rolland lowered price targets for Nvidia, AMD, and Intel stock. “PC-market weakness may be extending beyond consumer and into enterprise,” he wrote.
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.
Not all special-purpose acquisition companies were failures. We found some winners—companies that met their projections and, despite beaten-down share prices, are running solid businesses.
Cassava Sciences, Inc. (SAVA) closed the most recent trading day at $43.07, moving -1.76% from the previous trading session.
The Dow Jones Industrial Average sold off Thursday after key economic data. Apple stock fell on a downgrade.
In this article, we discuss 10 best chemical stocks to buy now. If you want to read about some more chemical stocks to buy now, go directly to 5 Best Chemical Stocks To Buy Now. A strong demand for commodity and specialty chemicals has helped keep prices at record high levels in the chemicals sector […]
In this article, we discuss 10 best cheap dividend stocks to buy now. You can skip our detailed analysis of the best dividend stocks and their returns over the years, and go directly to read 5 Best Cheap Dividend Stocks to Buy Now. Inflation and continuous interest rate hikes have brought dividend investing to the […]
Roku (NASDAQ: ROKU) and Shopify (NYSE: SHOP) were huge pandemic favorites during 2020 and early 2021. Investors were optimistic about Roku's position within the connected TV market, and Shopify was putting up fantastic earnings results as it powered a growing number of e-commerce sites. With slowing growth, increasing competition, and the current bear market, both Roku and Shopify have been down over 80% in the past year.
Porsche shares closed in the green, but barely in their first day of trading following a landmark IPO. Volkswagen shares tanked.
(Bloomberg) -- European stocks rose with government bonds, signaling a potential recovery at the end of a tumultuous week in markets.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 WrapMarjorie Taylor Greene’s Husband Files for Divorce After 27 YearsEuropean shares