|Day's Range||2,834.97 - 2,927.01|
|52 Week Range||2,346.58 - 3,027.98|
Now more than a year into the U.S.-China trade war, American consumers have so far been largely shielded from the negative impact of tariffs. But one major Wall Street investment bank says that’s all about to change and it has the data to prove it. “I think you're starting to see the pain,” Bank of America Securities Senior U.S. Economist Joseph Song told Yahoo Finance’s The Final Round. “We have a proprietary consumer confidence index, and it actually dipped on the trade headlines in the latest reading.”
U.S. stocks fell after President Donald Trump wrote in a series of Twitter posts that he would be ordering U.S. companies to “immediately start looking for an alternative” to their business operations in China.
President Trump slams Fed chair Jerome Powell through a series of tweets over his comments today at Jackson Hole. Economics Professor at NYU Stern Nicholas Economides joins Yahoo Finance's Akiko Fujita to discuss.
Trade tensions have compounded with country-specific weaknesses to further mire the global growth outlook, said the International Monetary Fund’s chief economist.
FIRE refers to the “financial independence, retire early” movement bubbling up in the younger generation these days as a pathway out of the grind — slash expenses, save a bundle and enjoy the freedom that approach ultimately allows. Using the name FluffayPenguin, one anonymous thirtysomething took to Reddit to illustrate his FIRE blueprint, which allowed him to graduate college in 2008 and build a small chunk of change all the way up to $930,000 in savings.
Bank of America Corp.’s CEO Brian Moynihan says he doesn’t see a recession in the offing because the U.S. consumer remains healthy.
Turns out hiring wasn’t quite as strong in 2018 and early 2019 as the government initially reported — by about a half-million jobs. The U.S. economy had about 501,000 fewer jobs as of March 2019
Investors and business leaders, it’s often said, hate uncertainty and don’t react very well to it. Well, get used to uncertain times. The Chine trade fight isn’t over anytime soon and neither is the threat it poses to the U.S. economy.
The further upping of trade barriers, along with President’s forceful response, threatens to further erode already sagging business confidence and trigger more weakness in U.S. business investment.
Aug. 21: Cresset does not see recession in our immediate future. Investors should bear in mind that a recession will come, at some point, as part of the natural longer-term economic cycle. The value of U.S. stocks relative to gross domestic product is at levels not seen since 1999 and suggests that the market has become untethered from the economy.
Sales have been falling and the company is loaded with debt. Investors now are waiting to see how the company will cut costs and stop the sales losses at its consumer unit.
Second-quarter global dividends hit a new record, but the rate of growth slowed to 1.1%. Dividends were hurt by a strong U.S. dollar, as many currencies fell against the greenback.
President Trump raised China tariffs late Friday, as the China trade war spirals. The Dow Jones dipped after plunging in Friday's session. So did Apple, AMD, Tesla and Nike.
Dividend stocks tend to be more recession-resistant, but some non-dividend-paying growth stocks also performed well during the Great Recession.
Financial advisors are beginning to prepare for some bad, but not unthinkable, “doomsday” scenarios, such as stagnant global growth as a result of record-high debt and record-low rates, or a deepened conflict between the U.S. and China.
Rob Arnott on why returns will be much lower than people expect, how cryptocurrencies look like a bubble, why investing overseas is important, and how people should position their portfolios to ride out the next decade.
Qualcomm Inc. on Friday said Dave Wise has retired, effective today, after 23 years at the company. Qualcomm's board of directors unanimously approved Akash Palkhiwala, senior vice president of finance, as interim CFO while the company seeks a permanent replacement. The CFO change is Qualcomm's second this year. Wise served in the interim role since April, when George Davis departed after six years to join Intel Corp. in the same capacity. Wise will consult for Qualcomm. Shares of the company are up slightly in after-hours trading, and 29% for the year. The S&P 500 index is up 14% this year.