U.S. stocks rose for a second straight session Thursday after swinging between gains and losses for much of the trading day. [Click here to read what’s moving markets on Friday, Sept. 9] The S&P 500 climbed 0.7%, and Dow Jones Industrial Average and technology-heavy Nasdaq Composite each advanced 0.6%. All […]
Finance
Why the Fed wants to see a strong dollar and falling stock prices
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, September 8, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. […]
Where American shoppers are still fighting inflation hardest: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, August 30, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. […]
Goldman on the hampered housing market: ‘Further to Fall’
Rising interest rates are thwarting the U.S. housing market’s momentum, hammering many stocks tied to the fortunes in the sector. Shares of Toll Brothers and KB Home are down 15% and 22% in the last six months alone — with the former pressured by a weak second quarter and outlook […]
‘I don’t think that’s the debate today’
Richmond Fed President Tom Barkin said Tuesday recent data is “consistent” with an economy that is not in a recession. “A month or two ago, the debate was whether we were in a recession or not, I don’t think that’s the debate today,” Barkin told Yahoo Finance Live in an […]
Nvidia, Intel, and AMD are at risk if this big Citi prediction is right
There are at least two things market participants are bearish on as summer draws to a close: Bed Bath & Beyond stock (despite this week’s bounce) and the entire semiconductor space. The closely watched Philadelphia Semiconductor Index (SOX) is down nearly 30% year to date, under-performing the S&P 500’s 15% […]
How more FFEL borrowers may qualify for student loan forgiveness
Student-loan debt activists rally outside the White House a day after President Biden announced a plan that would cancel $10,000 in student loan debt for those making less than $125,000 a year in Washington, D.C., on Aug. 25, 2022. The Washington Post | The Washington Post | Getty Images When […]
HP earnings miss estimates as slowing economy takes its toll
The post COVID-19 PC hangover has found its way to the doorsteps of computing giant HP Inc. after making stops at rival Dell and chipmakers like Intel. HP saw fiscal third-quarter sales fall 4.1% from a year ago, pushed lower by a 32% decline in the number of notebook computer […]
Stock sell-off extends into third day amid renewed rate fears
U.S. stocks fell on Tuesday to mark a third-straight losing session, deepening a rout kicked off Friday following Fed Chair Jay Powell’s speech in Jackson Hole. When the bell rang on Wall Street, the S&P 500 was off 1.1%, the Dow down 1%, and the tech-heavy Nasdaq fell 1.1%. Tuesday’s […]
Making the case for a bear market rally, not a new bull run
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, August 18, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. […]
Ryan Cohen sells entire stake in Bed Bath & Beyond
GameStop chairman Ryan Cohen has sold his entire position in Bed Bath & Beyond (BBBY), a filing with the SEC on Thursday revealed. Cohen had owned stock and options representing over 9.4 million shares of the retailer, or 11.8% of the company. In addition to news Cohen sold his stake […]
ESG investing brings political fights to the investing world
Our society is not just divided along political lines — media, culture, and even coffee shops have become delineated between red and blue. So perhaps it is inevitable that these fissures would come to the world of investing. I’m speaking about the growth of so-called ESG investing — which stands […]
Survey finds 50% of companies want to cut headcount
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, August 19, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. […]
Stocks slide as tech tumbles, Bed Bath & Beyond crashes
U.S. stocks snapped a four-week winning streak on Friday, as all three indexes closed lower on the session and on the week as the summer rally lost momentum. When the closing bell rang on Friday, the tech-heavy Nasdaq was down 2%, while the benchmark S&P 500 was off 1.3%, and […]
China’s export market a ‘real vulnerability’ for Taiwan: Expert
U.S.-China relations are stuck in choppy waters following the U.S. and Taiwan’s formal declaration of trade negotiations. The first round of talks begins this fall. The move comes after U.S. House Speaker Nancy Pelosi and a U.S. congressional delegation visited the island, which China opposed and responded with escalated military […]
Splitting off EV unit needed to happen to transition faster
At this year’s Monterey Car Week, Lincoln (F) is celebrating a big milestone – in style. The brand, now in its 100th year, will be a featured marque at Sunday’s Pebble Beach Concours d’Elegance and will show off its Model L100 electric concept vehicle. The electric vehicle (EV) concept is […]
Baby-boomer financial experts speak from experience on ways to ride out a recession
‘Bear down’ and ‘be as frugal as you can’: Baby-boomer financial experts speak from experience on ways to ride out a recession It was a time of big hair, shoulder pads and the Cold War. But something often less thought of when feeling nostalgic about the ‘80s, was the interest […]
This stock market indicator is flashing a bullish sign: Chart
With stocks in rally mode from the June lows, top execs are dipping their toes back into markets in what may be a bullish indicator for investors. New data from Sundial Capital Research shows that insider buying by corporate executives — often viewed as a positive indicator for equities markets […]
What’s behind the Invitae stock roller coaster? Morgan Stanley weighs in
Shares of San Francisco-based genetic testing and data company Invitae Corporation (NVTA) exploded higher after reporting earnings Tuesday night. After 6.5 trading hours on Wednesday, Invitae stock had nearly tripled in value before traders began cashing in some gains. In fact, on Thursday the stock has returned over half of […]
Second quarter earnings have been solid. Energy gets all the credit.
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, August 12, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. […]