Headlines May 20, 2022
Here are some of the top stories we're following for Friday, May 20, 2022.
The Dow Jones rallied after the latest Fed Minutes were released. Tesla stock fell even as a rival EV play soared. Apple stock popped.
Yahoo Finance Live's Jared Blikre looks at GameStop's stock ahead of its four-for-one stock split on July 22nd.
Bed Bath & Beyond's interim CEO is betting big — with her own money — that she can save the struggling retailer from going out of business.
The tech billionaire keeps plowing millions into this asset class.
Anyone positioning their portfolio for a recession could be making a big mistake.
Close to 12,000 fewer homes sold in April and May compared to the pre-pandemic average.
Now that we’re into the second half of 2022, with the Independence Day holiday behind us, we can take stock of the changes that the last six months have brought. And those changes have been dramatic. As this year got started, the S&P 500 was coming off of a 27% annual gain. Today, the index is down 20%, putting it into a bear market. The losses have been broad-based, and have left many otherwise sound equities languishing at low prices. It’s a circumstance that has a lot of unhappy investors won
The first half ended last week, and the S&P 500 is now firmly stuck in a bear. The rapid change from record high levels at the end of last year, to a 20%+ drop in these past six months has pummeled investors, who have had to cope with shrinking share values, increased volatility, and an unpredictable and risky equity environment. The most serious issue facing economists and traders right now is the possibility of recession in the near term. The US GDP contracted by 1.6% in Q1, and preliminary da
Stocks are set to veer south post holiday, following earlier optimism over reports President Joe Biden may lower tariffs on some Chinese goods to help ease the inflation sting. There isn’t much to explain the moodiness of stocks, which logged gains on Friday, but weekly losses on worries about a recession spurred on by rising U.S. interest rates. In the U.S., mortgage applications are down 28% from their peak, new home sales are off 17% and housing starts down 13%.
Sterling climbed to $1.19 after the news, up 0.5%, or half a cent, off its recent two-year lows as traders hoped the PMs departure would bring more political stability.
Hormel, Exxon Mobil, and Johnson & Johnson are among the longtime dividend growers that meet the criteria Barron's set to determine recession-resilient stocks.
Let's begin with the fact that no investor can get around right now, the current volatile market. In the words of the Goldman Sachs strategist David Kostin, “The first six months of 2022 have been a brutal time to be an investor in public markets.” The losses, which stand at 19% year-to-date on the S&P 500, have been broad-based; barring outliers, neither value nor growth strategies have offered any respite. Kostin dives into the current conditions, and comes up with some interesting views. He w
Berkshire Hathaway's quarterly 13F filing won't tell you about the Oracle of Omaha's $6.3 billion hidden portfolio.
Yahoo Finance's Pras Subramanian explains why Tesla is slowing production in July.
(Bloomberg) -- By 2:08 p.m. Shanghai time on March 8, it was clear that Xiang Guangda’s giant bet on a fall in nickel prices was going spectacularly wrong.Most Read from BloombergNatural Gas Soars 700%, Becoming Driving Force in the New Cold WarRoaring US Rental Market Shows Early Signs of Slowing DownUS, Allies Discuss Capping Russian Oil at $40-$60 a Barrel to Cut War FinancingGood Luck Making It to Your Vacation This SummerWall Street Says a Recession Is Coming. Consumers Say It's Already Her
The uber-wealthy investor is thrifty with everything from his breakfast to his house.
Rivian produced 4,401 vehicles in the second quarter and delivered 4,467 vehicles during the same period
Solid demand for the F-150 Lightning pickup truck points to Ford’s bright future in electric vehicles. Long-term investors can buy the stock cheap, or use an options strategy to play off coming earnings.
The economy is rocky, but high-net-worth individuals aren't worried.
VettaFi Financial Futurist David Nadig joins Yahoo Finance Live to discuss energy markets ahead of recession fears and fluctuating oil prices, energy ETFs, decarbonization, commodity ETFs, and ESG funds for Gen Z investors.