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The Dow snapped an eight-week losing streak—the index's longest since 1932—with the S&P and Nasdaq breaking seven-week losing streaks, their worst since 2001.
The tech billionaire keeps plowing millions into this asset class.
Anyone positioning their portfolio for a recession could be making a big mistake.
He also predicts a ‘more significant pullback’ if this one thing happens.
KELLEY BLUE BOOK New car owners are experiencing more problems in the first 90 days of ownership than ever before. Buick took the top spot in the 2022 J.D. Power Initial Quality Study, but the headline isn’t the winner this year.
Now that we’re into the second half of 2022, with the Independence Day holiday behind us, we can take stock of the changes that the last six months have brought. And those changes have been dramatic. As this year got started, the S&P 500 was coming off of a 27% annual gain. Today, the index is down 20%, putting it into a bear market. The losses have been broad-based, and have left many otherwise sound equities languishing at low prices. It’s a circumstance that has a lot of unhappy investors won
Yahoo Finance Live anchors discuss Mark Zuckerberg's economic warning to Meta employees, the average monthly care payment crossing the $700 mark, and AMC announcing $5 Tuesdays through the end of October.
Stocks are set to veer south post holiday, following earlier optimism over reports President Joe Biden may lower tariffs on some Chinese goods to help ease the inflation sting. There isn’t much to explain the moodiness of stocks, which logged gains on Friday, but weekly losses on worries about a recession spurred on by rising U.S. interest rates. In the U.S., mortgage applications are down 28% from their peak, new home sales are off 17% and housing starts down 13%.
The uber-wealthy investor is thrifty with everything from his breakfast to his house.
Shares of 3D content-creation platform Unity Software (NYSE: U) soared 12.9% higher today as of market close. It was a fantastic day of market outperformance, given that the S&P 500 Index was up just under 0.2% and the Nasdaq Composite was up 1.8%. The most apparent was a falling 10-year U.S. Treasury yield, which ended the day at a 2.8% annual yield compared to about 3.5% in mid-June.
(Bloomberg) -- Bridgewater Associates posted a 32% return for its flagship hedge fund through the first half of 2022 as it benefited from increased market volatility, according to a person familiar with the performance.Most Read from BloombergNatural Gas Soars 700%, Becoming Driving Force in the New Cold WarCiti Says Oil May Collapse to $65 by the Year-End on RecessionUkraine Latest: Kyiv’s Immediate Funding Needs Hit $65 BillionBezos Slams Biden Over Call for Lowering of Gas PricesPerson of Int
IKHAIL KLIMENTYEV/Sputnik/AFP via Getty ImagesRussian President Vladimir Putin’s key ally Belarusian leader Alexander Lukashenko has started hinting at what may be next in Russia’s war, and it doesn’t sound pretty.Lukashenko claimed this weekend that he thinks it’s time for Europe to face a “moral cleansing.”“The time has come for the forgetful Europe to give itself a moral cleansing,” Lukashenko said, without going into further detail about what that would entail, according to BelTA.Lukashenko
Over $300,000 was raised for a Burger King employee who never missed work in 27 years and got a backpack, a movie ticket, and a Starbucks cup as a gift.
The economy is rocky, but high-net-worth individuals aren't worried.
(Bloomberg) -- The US is pushing the Netherlands to ban ASML Holding NV from selling to China mainstream technology essential in making a large chunk of the world’s chips, expanding its campaign to curb the country’s rise, according to people familiar with the matter. Most Read from BloombergNatural Gas Soars 700%, Becoming Driving Force in the New Cold WarCiti Says Oil May Collapse to $65 by the Year-End on RecessionUkraine Latest: Kyiv’s Immediate Funding Needs Hit $65 BillionBezos Slams Biden
Despite West Texas intermediate crude oil futures dipping below $100 per barrel on Tuesday, serious gas price relief may be unlikely happen until motorists make adjustments by driving less.
HOUSTON (Reuters) -More than 5 million barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month, according to data and sources, even as U.S. gasoline and diesel prices hit record highs. The export of crude and fuel is blunting the impact of the moves by U.S. President Joe Biden to lower record pump prices. Biden on Saturday renewed a call for gasoline suppliers to cut their prices, drawing criticism from Amazon founder Jeff Bezos.
Shares of Nvidia could be in the midst of a key reversal day -- a new low for the move down followed by a higher close. Nevertheless, aggressive traders could go long NVDA at current levels risking below $140.
Zuckerberg has chosen his moment well: the crypto sector is currently going through an unprecedented crisis of confidence marked by a fall in the price of digital currencies. Bitcoin, the king of cryptocurrencies, has lost 71.3% of its value since its all-time high on November 10, according to data from CoinGecko. Ether, the second cryptocurrency by market value, is down 78% from its November all-time high as well.
U.S. crude prices fell below the $100 mark for the first time since early May Tuesday, setting up a near-term tumble for domestic gas prices - but further cementing the case for a near-term recession.
Mortgage rates are rising, as are home prices. Here's what buyers and sellers should know now, according to Nadia Evangelou.
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