The Dow Tumbled to Its Worst Day Since 2020. How One Stock Made It Happen.

Bloomberg
‘Simply Outrageous:’ EY Hit With $100 Million Fine After Audit Employees Cheat on CPA Ethics Exam
(Bloomberg) -- Ernst & Young LLP admitted that dozens of its audit personnel cheated on the ethics portion of the Certified Public Accountant exam and that the firm misled US regulators probing the misconduct, according to the Securities and Exchange Commission.Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsBig Tech Sinks Stocks Bruised by Recession Jitters: Markets WrapMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseChina Cuts Travel Quar
14h ago
MoneyWise
‘This recession will be the most severe yet’: Peter Schiff called the 2008 financial crash and now says the next downturn will be worse. Here's what he likes for safety
Schiff publicly predicted the great financial crash of 2008. Will he be right again?
5h ago
Investor's Business Daily
Dow Jones Dives As Inflation Fears Rise; This Stock Pops As Warren Buffett Raises Stake; Nike Plunges
The Dow Jones fell as inflation fears rose. A Warren Buffett stock rose after Berkshire Hathaway raised its stake. Nike and Apple stock fell.
7h ago
TheStreet.com
Cathie Wood: I Erred On Inflation, But Recession is Here
Hotshot investor Cathie Wood, chief executive of Ark Investment Management, has said repeatedly in recent weeks that we're headed for disinflation soon. Consumer prices soared 8.6% in the 12 months through May, a 40-year high. "We were wrong on one thing and that was inflation being as sustained as it has been," Wood told CNBC.
9h ago
Motley Fool
Why Carvana Stock Is Falling Hard Today
Shares of the online car-buying company Carvana (NYSE: CVNA) were plunging this morning, likely after a Barron's article published over the weekend said that the company, in some cases, sold cars before it even had the title to them. Barron's said in its reporting that Carvana was selling cars too quickly during the pandemic, when demand for buying a car online soared, which led to problems in receiving the proper title for vehicles for some customers. Apparently, enough people have experienced this problem that a lawsuit is being brought against the car seller, saying that some customers went years without legally being able to drive vehicles purchased from Carvana.
1d ago
Investor's Business Daily
Dow Jones Futures: Market Rally Flashes Very Bearish Signal; 5 Stocks To Watch
Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures. The stock market rally suffered sharp losses Tuesday, with the Nasdaq and S&P 500 breaking below a key level. Economic reports revived recession and inflation fears.
1m ago
Investor's Business Daily
Pfizer, Moderna, Novavax: FDA Experts Vote 19-2 To Include Omicron Shot In Covid Boosters
A split FDA panel voted Tuesday to recommend including an omicron component in updated Covid boosters this fall.
4h ago
Insider Monkey
Hedge Funds Brace for Impact: Top 10 Stocks to Dump Now
In this article, we discuss the top 10 stocks to dump now according to hedge funds as they brace for impact. If you want to see more stocks in this list, click Hedge Funds Brace for Impact: Top 5 Stocks to Dump Now. Elite hedge funds in the United States are exceedingly cautious with their […]
12h ago
SmartAsset
Pay Fewer Taxes on Your Retirement Income With This Withdrawal Strategy
Looking to pay fewer taxes on your hard-earned retirement income and extend the life of your savings? Doing so may be easier and simpler than you expected. For retirees with assets spread across various buckets, from taxable investment accounts to … Continue reading → The post Pay Fewer Taxes on Your Retirement Income With This Withdrawal Strategy appeared first on SmartAsset Blog.
5h ago
Barrons.com
Qualcomm Spikes on Report It Will Remain iPhone 5G Modem Chip Supplier in 2023
Taiwan-based hardware analyst Ming-Chi Kuo says Qualcomm will hold on to 100% of the Apple modem supply for the 2023 iPhones. Qualcomm shares soared Tuesday on a report that Apple’s push to develop modem chips for the iPhone “may have failed,” and that Qualcomm will remain the exclusive supplier of 5G chips for phones to be launched in the 2023 second half. Writing on Twitter, the Taiwan-based hardware analyst Ming-Chi Kuo said that Qualcomm (ticker: QCOM) will hold on to 100% of the Apple (AAPL) modem supply for the 2023 iPhones vs the company’s own previous estimate of 20%.
5h ago
TipRanks
2 “Strong Buy” Dividend Stocks With at Least 7% Dividend Yield
We’re facing a maelstrom of conflicting currents in the markets today, with a series of headwinds running head-on into each other. Consumer sentiment is low – in fact, at the lowest levels ever recorded, with 79% of consumers expecting economic conditions to get worse in the coming year. Inflation is high, at levels not seen since 1981, and is expected to remain elevated through the end of 2023. Fuel prices are major driver with the national average for a gallon of gasoline exceeding $5. The hou
12h ago
TheStreet.com
Shopify Stock Split: What the Charts Say Ahead of 10-for-1 Split
Not a lot of positives surround Shopify at the moment. Unfortunately for many investors, that disappointment is not limited to just Shopify, but also includes most growth stocks at the moment. Many growth stocks are down 60% to 70% or more.
8h ago
TheStreet.com
Mr. Big Short: Fed May do a 180 on Interest Rates
The Federal Reserve has raised the fed funds rate target by 150 basis points since March, and many experts expect a lot more.
1d ago
MoneyWise
‘We have a whole lot more to go down’: Suze Orman thinks we’re headed for a recession and warns that things may get a ‘little bit ugly.’ Here's what she likes for safety
Suze is bearish — but not on everything.
1d ago
Fortune
The bottom of the bear market is still 10% away, Morgan Stanley Wealth Management says. And the odds of a recession have doubled, too
Lisa Shalett, Morgan Stanley Wealth Management’s chief investment officer, says the odds of a recession are now over 50%.
5h ago
MarketWatch
Why the S&P 500 may be in for a 1966-style bear market, according to DWS Group
David Bianco, chief investment officer Americas at DWS Group, has a price target for the S&P 500 of 3,700 to f 4,100 for the second half of the year.
3h ago
MarketWatch
Why Congress’ new retirement reforms aren’t all they’re cracked up to be
A new set of reforms to America’s retirement tax and savings plans passed a key hurdle in Congress last week. Variously known as the SECURE Act 2.0, the EARN Act and the RISE & SHINE Act, the measures will make changes to rules around IRAs, 401(k)s and other tax-privileged retirement plans. They barely address the biggest retirement crisis facing the U.S.
10h ago
Simply Wall St.
Devon Energy Corporation (NYSE:DVN) Analysts Just Slashed This Year's Revenue Estimates By 11%
One thing we could say about the analysts on Devon Energy Corporation ( NYSE:DVN ) - they aren't optimistic, having...
9h ago
Insider Monkey
Jim Cramer Recommends These 10 Stocks for Recession
In this article, we discuss the 10 stocks that Jim Cramer recommends for recession. If you want to read about some more stocks that Jim Cramer recommends for recession, go directly to Jim Cramer Recommends These 5 Stocks for Recession. Recession fears have steadily been gathering pace at the stock market over the past few […]
2d ago
Yahoo Finance Video
The Fed ‘is not finished with its interest rate hikes’ amid high inflation: Strategist
Opimas CEO Octavio Marenzi and Clearnomics Founder and CEO James Liu join Yahoo Finance Live to analyze inflation fears, the pressure of rising gas prices, and the Fed's interest rate hikes.
5h ago

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The Dow Tumbled to Its Worst Day Since 2020. How One Stock Made It Happen.

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