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
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%.
Sports reporter Josh Schafer outlines the circumstances of Nike's first-quarter earnings beat.
Dead cat bounce? This legend certainly thinks so.
Dividends can offer fat full-time income. But the math needs to work.
It was the first time the telescopes have observed the same celestial target simultaneously.
These Apple suppliers are at risk if the tech giant pulls back on iPhone production, warns Bank of America.
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.
(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 WrapMarjorie Taylor Greene’
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.
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."
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.
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.
(Bloomberg) -- JPMorgan Chase & Co. and Morgan Stanley analysts cut their price target for Alibaba Group Holding Ltd., turning more pessimistic on the Chinese e-commerce giant on sales concerns.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 Gre
Google Colaboratory (Colab for short), Google's service designed to allow anyone to write and execute arbitrary Python code through a web browser, is introducing a pay-as-a-you-go plan. In its first pricing change since Google launched premium Colab plans in 2020, Colab will now give users the option to purchase additional compute time in Colab with or without a paid subscription. Google says that the update won't affect the free-of-charge Colab tier, which remains in its current form.
In the past two years, biotech companies Moderna (NASDAQ: MRNA) and Novavax (NASDAQ: NVAX) rose to fame thanks to their successful attempts to develop vaccines for COVID-19 and help us end the outbreak. The pandemic isn't over yet, but Moderna and Novavax have given up substantial chunks of their value in the past year. Where does that leave Moderna and Novavax?
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.
The Dow Jones Industrial Average sold off Thursday after key economic data. Apple stock fell on a downgrade.
Porsche shares closed in the green, but barely in their first day of trading following a landmark IPO. Volkswagen shares tanked.
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.