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.
It was the first time the telescopes have observed the same celestial target simultaneously.
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.
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.
The electric vehicle manufacturer is holding its Artificial Intelligence Day, or AI Day, on September 30.
Cruise company Carnival Cruise Lines will report its third-quarter earnings on Friday morning.
Dividends can offer fat full-time income. But the math needs to work.
Some analysts have upgraded Apple stock while others have downgraded it amid concerns over demand for its new iPhone 14.
Alex Wiltschko has what he thinks is a big idea. It's a natural step for Wiltschko, who has a PhD in neurobiology from Harvard, where he studied how the brain processes odor. It owes to a lifelong "obsession with scent and olfaction" that he came to study alongside Sandeep "Bob" Datta, a Harvard professor who has himself long focused with what happens after one's sensory neurons pick up a scent.
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.
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."
On the bright side of what has increasingly been a terrible year for stocks is that over time, history is filled with self-corrections and comebacks.
Is this enough to stop conflicts of interest? To a certain extent.
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.
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
The Dow Jones Industrial Average sold off Thursday after key economic data. Apple stock fell on a downgrade.
Firms behind innovative fibres says they can make fashion a more sustainable business.
Palantir Technologies renews its contracts with U.S. government and Armed Forces.