Yahoo Finance Plus June 16 (Reuters) - A recession is "not inevitable", President Joe Biden told the Associated Press in an interview, a reporter posted on Twitter on Thursday.
On Wednesday, the Federal Reserve rolled out its biggest rate hike since 1994 and flagged a slowing economy. (Reporting by Costas Pitas in Los Angeles)
Meta CEO Mark Zuckerberg announced to employees that the social media giant would be scaling back hiring and turning up the heat on its employees.
The Oracle of Omaha knows how to beat inflation. So ride his coattails.
The mood has changed at the headquarters of Meta Platforms , parent of Facebook, Instagram and WhatsApp, in Menlo Park, California. For months now, many economists have been anticipating a sharp downturn in the economy due to aggressive monetary policy by the Federal Reserve and central banks around the world to combat record price increases everywhere. The Russian war in Ukraine has further exacerbated the supply chain problems caused by the Covid-19 pandemic.
The CEO of social media giant Meta is pessimistic about the economy and is looking for ways to keep his company profitable.
Shares of Nvidia (NASDAQ: NVDA) plunged this week after the company's stock received a price target cut, some analysts had a few negative comments about the chip market, and investors worried that comments made from another chip company about slowing demand might mean bad news for Nvidia as well. Investors panicked a bit on all this news and sent the semiconductor stock falling 15.3% over the past week. Nvidia started off the week with Morgan Stanley warning that there could be a potential slowdown in demand for graphics processors as Ethereum, a leading blockchain and cryptocurrency, switches to a proof-of-stake model and away from its current proof-of-work setup.
The super investor still sees opportunities ahead.
Oppenheimer continues to expect strong fundamentals in the U.S. banking sector, even as fears of a recession heighten.
Last late-week rally in the markets quickly faded and this week is ending with declines in the major stock indexes. It’s the classic patter on the dead cat bounce, a brief recovery that is followed by more losses, and it has investors worried that there is no bottom in sight. Writing from the global markets strategy team, where he takes a broader look at the worldwide market situation, JPMorgan’s Marko Kolanovic lays out the headwinds running against US investors: “First and foremost, an unprece
Elon Musk was laughing. Tesla, the entrepreneur’s electric car maker, had just delivered its first ever back-to-back quarterly profits and the ebullient chief executive was delighting in telling Wall Street just how he’d pulled it off.
(Bloomberg) -- Elon Musk’s fortune plunged almost $62 billion. Jeff Bezos saw his wealth tumble by about $63 billion. Mark Zuckerberg’s net worth was slashed by more than half.Most Read from BloombergCrypto Meltdown Claims Rolex and Patek Philippe as VictimsJPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian CutUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysNetflix Crashes After ‘Stranger Things 4’ Finale ReleaseHow Europe Became the Epicenter for This Summer’s Travel Cha
Chris Hemsworth brought his family along for the "Thor: Love and Thunder" premiere in Sydney, Australia on June 27. The star and his wife, Elsa Pataky, walked the red carpet with their twins, Sasha and Tristan. Hemsworth stars in "Thor: Love and Thunder" alongside Natalie Portman, Christian Bale, Taika Waititi, Tessa Thompson, and his brother Luke Hemsworth.
(Bloomberg) -- Global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to inflict retaliatory crude-output cuts, JPMorgan Chase & Co. analysts warned.Most Read from BloombergCrypto Meltdown Claims Rolex and Patek Philippe as VictimsJPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian CutUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysNetflix Crashes After ‘Stranger Things 4’ Finale ReleaseHow Europe Became the Epicenter for T
With tech stocks like Nvidia out of favor, chemicals and oil stock dominate this list of growth stocks eyeing 109%-370% gains.
Michael Burry called the stock market the “greatest speculative bubble of all time in all things” last year. Now, he’s arguing corporate earnings will take a hit, driving prices even lower.
A bear market leaves the S&P 500 with its worst first six months since 1970. Here's what's happened after stocks suffered steep first-half stumbles in the past.
Imagine getting cut from a movie and still getting sued for it?! That baffling scenario is what’s happening to Lena Headey, whose role in Thor: Love And Thunder is one of the many bits on the cutting room floor.
The pop star also discusses SCOTUS's Roe v. Wade ruling, which went down the same day she headlined Pride Live's Stonewall Day.
Investors are running out of superlatives to describe how ugly the S&P 500 crash is. But 11 major stocks are now trading for less than $4.
Bitcoin resumed its slide this week and the crypto winter is getting colder. More crypto funds and lenders are on the edge, while the stock market woes have weighed on Bitcoin and other cryptocurrencies, which have traded like speculative growth stocks. Bitcoin failed to hang onto $21,000 at the start of the week and briefly tumbled as low as $18,650 late Thursday.
Shares of Nio (NYSE: NIO), a Chinese electric vehicle company, rose in early trading this morning after it reported strong vehicle deliveries both in June and the most recent quarter. The EV stock was down by 3.4% as of 2:12 p.m. ET. The good news for Nio shareholders today was the fact that the company delivered 12,961 vehicles in June, an impressive 60% increase from the year-ago quarter.
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