Good news was bad news for stocks on Thursday. An upward revision to third-quarter gross domestic product (GDP) revealed a surprisingly resilient U.S. economy. The market recoiled from this pleasant surprise, however, believing it could give the Federal Reserve more room to raise interest rates. Some dour corporate reports also weighed on shares. Starting with… Continue reading Stock Market Today: Stocks Fall on Higher GDP, Ugly Outlooks
Stock Market Today: Nike Earnings Light Fire Under Stocks
Stocks jumped out of the gate and never looked back as investors cheered an encouraging reading on consumer confidence. Solid earnings from logistics giant FedEx (FDX (opens in new tab)) and athletic footwear and apparel retailer Nike (NKE (opens in new tab)) only added to the day’s positive momentum, with both stocks surging in reaction… Continue reading Stock Market Today: Nike Earnings Light Fire Under Stocks
FTX US’s auditor stands by its accounting work for the collapsed crypto exchange, report says
Armanino, the auditor for FTX’s US branch, defended its accounting work for the exchange. “We were never engaged to audit internal controls,” the company’s chief operating officer told the FT. Armanino has stopped its auditing and proof of reserve work. It is facing a lawsuit from FTX customers. Loading Something is loading. Thanks for signing… Continue reading FTX US’s auditor stands by its accounting work for the collapsed crypto exchange, report says
Elon Musk is ‘asleep at the wheel’ at a pivotal moment for Tesla and has lost credibility, Wedbush’s Dan Ives says
Elon Musk’s preoccupation drew more criticism from Wedbush analyst Dan Ives on Friday. Ives wrote in a Friday note that Musk is now viewed as “asleep at the wheel.” He added that “Musk has lost credibility with the broader investment community.” Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Elon Musk is ‘asleep at the wheel’ at a pivotal moment for Tesla and has lost credibility, Wedbush’s Dan Ives says
Warren Buffett is likely to load up on cheap stocks as other investors panic in 2023, Elon Musk says
Warren Buffett is likely go on a stock-buying spree in 2023, Tesla CEO Elon Musk says. The investor might pounce on high-quality companies while markets are in panic mode, Musk says. Musk has flagged higher interest rates and a looming recession as headwinds for stocks. Loading Something is loading. Thanks for signing up! Access your… Continue reading Warren Buffett is likely to load up on cheap stocks as other investors panic in 2023, Elon Musk says
Russian oil exports from Baltic ports could tumble 20% as traders struggle to redirect banned supplies from Europe to China and India, report says
Russia’s Baltic Sea crude exports could fall further amid new European sanctions and the price cap. Shipments from Baltic Sea ports could see as much as a 20% drop in December, Reuters reported. Traders said Russia has failed to fully redirect flows of its flagship Urals crude from Europe to China and India. Loading Something… Continue reading Russian oil exports from Baltic ports could tumble 20% as traders struggle to redirect banned supplies from Europe to China and India, report says
US stocks edge lower as investors weigh batch of mixed economic data
US stocks moved lower Friday as investors juggled a raft of economic reports. The Fed’s preferred inflation gauge came in higher than anticipated, rising at a 4.7% year-over-year rate in November. The S&P 500 and the Nasdaq Composite are headed for a third straight week of losses. Loading Something is loading. Thanks for signing up!… Continue reading US stocks edge lower as investors weigh batch of mixed economic data
More condo investors are hitting the sell button
This advertisement has not loaded yet, but your article continues below. Watch: Steve Saretsky, a Vancouver realtor, talks about the outlook for the real estate market in 2023 A pedestrian walks past condo buildings in Toronto. Photo by Carlos Osorio/Reuters Article content Steve Saretsky, a Vancouver realtor, talks to the Financial Post’s Larysa Harapyn about… Continue reading More condo investors are hitting the sell button
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