Stocks bouncing back ahead of Obamacare repeal vote

Business Insider
Legendary investor Jeremy Grantham calls Elon Musk a 'wonderful propagandist' and warns home prices will fall 30%. Here are the best 10 quotes from a new interview.
Grantham opined about his experience driving a Tesla, the biggest bubble in world history, and why real estate is in a global bubble.
1d ago
Business Insider
Nvidia stock is a bubble waiting to burst – and the AI rush may be a modern version of 17th-century tulip mania, note says
Nvidia shares could soon plunge just like 17th-century tulips and 1990s dot-com companies did, according to Rebellion Research.
16h ago
Benzinga
No More 'Cash Is Trash': Billionaire Ray Dalio Says Cash Is Good But Only Temporarily — Here's How He's Positioning His Portfolio
In 2020, billionaire investor Ray Dalio famously claimed that "cash is trash." He later elaborated that cash is not safe because "it will be taxed by inflation." But as time passed, Dalio's view on cash has made a U-turn. "Temporarily, right now, cash I think is good ... and the interest rates are fine. I don't think it will be sustained that way," he said at the Milken Institute Asia Summit in Singapore last week. In the U.S., the Federal Reserve has implemented significant interest rate hikes
2d ago
Barrons.com
Berkshire Sells 4.8 Million Shares of HP; More Sales Could be Coming
Berkshire Hathaway (BRK/A, BRK/B) now owns 110.6 million shares of the maker of personal computers and printers, a stake worth $3 billion. Berkshire accumulated the stake in HP in early 2022 and the sales last week were the first since the company finished buying the stock in April 2022. The recent sales could be a sign that Berkshire CEO Warren Buffett, who oversees the company’s roughly $350 billion equity portfolio, plans to continue reducing the HP stake.
1d ago
TipRanks
Deutsche Bank Predicts up to 120% Upside for These 2 ‘Strong Buy’ Stocks — Here’s Why They Could Jump
What to make of the markets today? It seems that no matter where we look, the currents are pulling in two directions simultaneously. Recessionary forces, both inflation and higher interest rates, are running headlong into a remarkably resilient economy – but according to earnings results, we actually saw a mild recession early last year, and are in a recovery period. The conventional wisdom is no longer calling for a steep ‘double dip’ recession, but is predicting that growth will slow down shar
2d ago
The Wall Street Journal
Watching the Real-Estate Bust From the Streets of San Francisco
As it rolls toward downtown San Francisco, the California Street cable car passes the gothic Grace Cathedral and an 8-foot tall statue of Tony Bennett. Among them is 650 California Street, a 34-story office building that has defaulted on its mortgage. Further on is 101 California, whose second-biggest tenant left last year and whose biggest is slashing staff and office space.
8h ago
The Wall Street Journal
The IRS Is Going to Know if You Sold Taylor Swift ‘Eras’ Tickets
In a big shift, anyone who took in more than $600 a year from reselling tickets could be in for a tax surprise.
2d ago
Fox Business
UPS using AI to prevent 'porch pirates' from stealing packages
UPS is leveraging artificial intelligence to prevent "porch pirates" from stealing consumers' packages after they are delivered and recommend the best options for successful deliveries.
2d ago
Investor's Business Daily
Dow Jones Futures: What To Do With Market In Correction; Is Tesla The Next Leader To Crack?
Friday's bounce fizzled, capping a grim week, with the S&P 500 hitting three-month lows. Tesla is close to breaking, but there are some stocks trying to hold up.
7h ago
Benzinga
'The Cracks Are Starting To Show': Kevin O'Leary Warns That Energy, Food Inflation Isn't Going Away Due To The Trillion Dollars In Printed Money — But He Knows How To Take Advantage
The U.S. stock market has seen robust growth in 2023, with the S&P 500 Index surging by 16%. But according to "Shark Tank" star Kevin O'Leary, it's not all sunshine and rainbows. "The S&P 500 employs 40% of America," he told Fox Business's Larry Kudlow in a recent interview. "Where the cracks are starting to show is in mainstream America where the car loans have gone from 5½% to 9½% and continue to go up." The U.S. Federal Reserve has implemented aggressive interest rate hikes to combat rampant
2d ago
Barrons.com
Rates Aren’t Coming Down Soon. But Stocks and Bonds Are Priced to Buy.
The years of ultralow interest rates nurtured a variety of wacky investment ideas. That’s over now. Here’s our guide to some ordinary investments at agreeable prices.
2d ago
Barrons.com
Disney Stock Could Climb 50%, J.P. Morgan Says
Walt Disney hosted a parks-focused analyst meeting at Walt Disney World, where speakers included CEO Bob Iger, Disney Parks, Experiences and Products Chairman Josh D’Amaro, and ESPN Chairman Jimmy Pitaro, as well as a number of other executives. On the stock, we have found investors mostly on the sidelines this year as the company works to define its strategic future, but like shares at this level and expect in the next six to 12 months that major questions around Hulu, an ESPN investment, and a linear sale (or not) will be answered, which should give investors more confidence in long-term value creation at the company.
1d ago
Fortune
Gen Z is souring on college degrees as a path to success, sociology professor says. They have a good reason: Skills-based hiring is the way of the future
Practice over pedigree is the new normal. College students have gotten the hint.
20h ago
The Wall Street Journal
Evergrande Scraps $35 Billion Restructuring Plan as China’s Housing Crisis Intensifies
If China Evergrande can’t strike a new deal with creditors, the property giant will risk a liquidation.
2d ago
Business Insider
Investors pulled $19 billion from stocks in the last week, the highest outflow all year amid surging bond yields and Fed jitters
Signs of a recession and a market bubble popping are lining up for the first half of 2024, Bank of America said in a note.
1d ago
SmartAsset
Can I Protect My Parents' Assets From Nursing Homes?
Long-term care for seniors is one of the biggest gaps in America's safety net. For many of us, as we get older we will require longer and better care. In some cases, this can mean a health aide or other … Continue reading → The post How to Protect Your Parents' Assets From Nursing Homes appeared first on SmartAsset Blog.
2d ago
Bloomberg
Bond Market Faces Quandary After Fed Signals It’s Almost Done
(Bloomberg) -- Bond investors face the crucial decision of just how much risk to take in Treasuries with 10-year yields at the highest in more than a decade and the Federal Reserve signaling it’s almost done raising rates.Most Read from BloombergWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundUS to Keep a Distance From India-Canada Dispute, Signum’s Myers SaysChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseBond Market Faces Quandary After Fed Signals It’s Almost DoneRa
13h ago
Business Insider
Home prices could jump 5% in the next 12 months as high mortgage rates freeze the housing market, Zillow economists say
Home prices will jump by 4.9% by August of next year, Zillow economists said in their outlook.
1d ago
CBS MoneyWatch
Here's how a government shutdown would impact Social Security
Time is running out for U.S. lawmakers to avoid a government shutdown. Here's how that could affect Social Security recipients.
2d ago
Investor's Business Daily
These Are The 5 Best China Stocks To Buy And Watch Now
U.S.-listed Chinese stocks have struggled amid weaker China economic data. Here are the five best China stocks right now.
1d ago

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Stocks attempt to bounce back ahead of Obamacare repeal vote

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