The Dow Jones Industrial Average took a big hit in the stock market today, at one point falling more than 500 points (more than 1.5%) and hitting a session low of 32,916. Other averages fared worse as the cost of borrowing money jumped again in U.S. financial markets. As the yield on the key Treasury 10-year bond surged 11 basis points to 4.80%, a 16-year high, the Nasdaq composite slumped as much as 2.2%.
Novavax gets green light from FDA, awaits CDC recommendation for booster COVID doses.
The Nasdaq led losses as rising Treasury yields piled on pressure and investors got a reminder not to expect a Fed rate cut anytime soon.
Here are the details on Costco’s deal – and what a key investor says to buy instead.
The Dow Jones Industrial Average was lower by 1%, or 370 points. The S&P 500 fell 1.3% at 1:30 p.m. ET in the stock market today. The Nasdaq fell 1.8% after rebounding from August's lows in a four-day rebound.
As Treasury yields continue climbing, the stock market seems to be taking a break. But according to CNBC's Jim Cramer, this pullback in stocks could represent an opportunity for investors. In a recent "Mad Money" segment, Cramer explained why rising Treasury yields have been causing problems for stocks. "Why own stocks when you can make north of 4.5% risk-free from the 10-year? Ten-year Treasuries are like a great dividend stock that's guaranteed not to lose money over the next decade," he said.
BYD already beats Tesla when it comes to total sales. Now it's closing the gap on purely battery-powered cars as well.
Tesla quietly relaunches a rear-wheel-drive version of its popular Model Y car in the U.S. The car starts at $43,990. It's great for car buyers. Whether or not it's great for investors is tougher to say.
The United Auto Workers (UAW) union strike against Detroit's Big Three has now expanded to more than 25,000 members. According to former President Donald Trump, the future looks bleak for America's automotive industry. "The autoworkers will not have any jobs, Kristen, because all of these cars are going to be made in China. The electric cars, automatically, are going to be made in China," Trump told NBC's Kristen Welker during a recent "Meet the Press" interview. "The auto workers are being sold
The FTX founder is protesting CNA’s insurance policy as his legal woes cost him serious money.
Former First Lady Melania Trump has been making headlines, not just for her role beside the 45th U.S. president but also for her assertive steps in ensuring financial stability for herself and their son Barron. Amid the swirling controversies surrounding Donald Trump's legal predicaments, Melania Trump has shown resilience while maintaining her silence. While the establishment of a postnup has sparked divorce speculations, various reports debunk such claims. Trending: Until 2016 it was illegal f
The bulls took hold of the stock market narrative at the start of the year, and charged ahead all the way into mid-summer, but since then the bears have been rather noisy. On the back of rising oil prices, fears of interest rates staying high for longer than hoped for, and the possible prospect of a recession still looming, the markets have been shaky and have been handing back prior gains. However, against a backdrop of a ‘Goldilocks economy,’ i.e., “not too hot, not too cold… just right,” bill
Continued strategic executions on the United States and the international fronts are likely to drive Walgreens (WBA) Q4 revenues.
David Lebovitz's warning of "a financial accident" comes with 10-year Treasury yields at 16-year highs.
In the latest trading session, Palantir Technologies Inc. (PLTR) closed at $15.88, marking a -0.75% move from the previous day.
Tesla introduced a cheaper new version of its popular Model Y SUV just in time to address what some are calling slowing EV sales around the globe.
The Chapter 11 filing of the ILWU dockworkers union dates back to a dispute over two electrician jobs in Oregon a decade ago. The post How a fight over 2 jobs bankrupted union of 40,000 dockworkers appeared first on FreightWaves.
An individual can protect their assets from Medicaid, including their home, by placing them into a trust. Essentially, the assets become owned by the trust and not by the individual. This mechanism can decrease the individual’s asset count for Medicaid eligibility, presenting a way to potentially conserve wealth and secure necessary medical care. However, like all […] The post Does Putting Your Home in a Trust Protect It From Medicaid? appeared first on SmartReads by SmartAsset.
"High mortgage rates, high car rates, high credit card rates — they're starting to have an impact on the economy," Bill Ackman told CNBC.
Devon Energy (DVN) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.