Investors are less starry-eyed about tech and growth companies Can Uber Technologies Inc. and Lyft Inc. make meaningful profits in a competitive, labour-intensive industry? Those are among the questions investors need to ask about companies such as the riding-hailing players that benefited from initial investor exuberance. Photo by ANDREW KELLY /Reuters Emerging technology and growth… Continue reading 12 questions investors should ask about companies they’re looking at that have yet to turn a profit
The 8 Best Energy Stocks to Buy Now
published 9 December 2022 The best energy stocks had an impressive run in 2022. The energy sector is up roughly 50% for the year-to-date as of this writing – easily outperforming the broader equities market. What’s more, it is the only sector to post a double-digit percentage gain on the year. But what’s in store… Continue reading The 8 Best Energy Stocks to Buy Now
US stocks fall on wholesale inflation data while investors look ahead to big week for markets
Jason Ma Spencer Platt/Getty US stocks fell Friday on hotter-than-anticipated inflation at the wholesale level. The sell-off capped a losing week for indexes as investors look ahead to a pivotal period for markets. Consumer inflation data is due Tuesday, and the Fed announces its decision on rates Wednesday. Loading Something is loading. Thanks for signing… Continue reading US stocks fall on wholesale inflation data while investors look ahead to big week for markets
Recession fears have paralyzed Wall Street as 2023 stock market predictions turn unusually bearish
Wall Street has turned unusually bearish on the stock market as their 2023 predictions arrive.Ongoing fears of an imminent economic recession have paralyzed Wall Street strategists.For the first time in more than 20 years, Wall Street expects a flat year for stocks in 2023. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Recession fears have paralyzed Wall Street as 2023 stock market predictions turn unusually bearish
Billionaire real estate investor Sam Zell says don’t take too much comfort in declining mortgage costs, and the Fed will keep hiking rates close to 6%
The Fed will need to rate interest rates closer to 6% to meaningfully ease inflationary pressures, said legendary property investor Sam Zell. A “shocking event” was mortgage rates more than doubling this year, the billionaire told Fox Business. Zell also sees the US economy falling into a recession. Loading Something is loading. Thanks for signing… Continue reading Billionaire real estate investor Sam Zell says don’t take too much comfort in declining mortgage costs, and the Fed will keep hiking rates close to 6%
Stocks won’t be hit as badly by weakening corporate earnings in 2023 as many think, BlackRock strategist says
Stocks won’t be hit as badly by weak corporate earnings in 2023 as some think, according to BlackRock’s Kate Moore. Moore noted that while recession fears are high, firms are preparing for a recession, which could buffer the market from losses. “There’s a decent probability that the super bearish economic and earnings calls for 2023… Continue reading Stocks won’t be hit as badly by weakening corporate earnings in 2023 as many think, BlackRock strategist says
Chelsea reportedly loses $25 million crypto sponsorship deal as FTX’s collapse hammers other platforms
Crypto lender Amber will end its $25 million sponsorship of Chelsea soccer club, Bloomberg reported Friday. The move is part of a cost-cutting push at Amber, as FTX’s collapse sends crypto companies reeling. FTX’s bankruptcy could jeopardize its own deals with the Miami Heat and the Mercedes F1 team. Loading Something is loading. Thanks for… Continue reading Chelsea reportedly loses $25 million crypto sponsorship deal as FTX’s collapse hammers other platforms
Bank of Canada says data will determine where rates go from here
Kevin Carmichael: And if current trends hold, the central bank probably will pause in January Publishing date: Dec 08, 2022 • 15 hours ago • 3 minute read 11 Comments Bank of Canada governor Tiff Macklem. Photo by Adrian Wyld /The Canadian Press Those who inferred from the Bank of Canada’s relatively terse policy statement that… Continue reading Bank of Canada says data will determine where rates go from here
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