Among the many challenges confronting investors in 2022 is the dizzying rise of the U.S. dollar. From the start of the year through September 9, the Dollar Index (DXY (opens in new tab)) surged 14%, reaching its highest level in 20 years. The three largest components in the index’s basket of currencies—the euro, Japanese yen… Continue reading 7 Stocks, 4 Funds to Profit from a Strong Dollar
This Week in Cannabis Investing: Uber and Leafly Offer Weed Delivery
Weed delivery launched on a major third-party delivery platform for the first time, as Uber Technologies (UBER (opens in new tab)) announced a strategic partnership in Toronto with online cannabis marketplace Leafly (LFLY (opens in new tab)). Using the UberEats app, customers can select the “Cannabis” category and order delivery from three retailers: Hidden Leaf… Continue reading This Week in Cannabis Investing: Uber and Leafly Offer Weed Delivery
Kiplinger’s Weekly Earnings Calendar (Oct. 24-28)
Below is a weekly earnings calendar of the most important upcoming quarterly reports scheduled to be released by publicly traded companies. However, we have also provided expanded earnings previews for select companies. Please check back often. This earnings calendar is updated weekly. Monday (10/24)Tuesday (10/25)Wednesday (10/26)Thursday (10/27)Friday (10/28) (Editor’s Note: Earnings dates in tables are tentative.… Continue reading Kiplinger’s Weekly Earnings Calendar (Oct. 24-28)
Economic U-turns will plunge the UK into an even deeper recession than previously predicted, Goldman Sachs says
Goldman Sachs downgraded its UK growth forecast, and now expects the country’s economy to shrink 1% next year. UK prime minister Liz Truss resigned Thursday after her tax cut plans rattled markets. Tighter financial conditions and tax rises will plunge the UK into a recession, strategists said. Loading Something is loading. Thanks for signing up!… Continue reading Economic U-turns will plunge the UK into an even deeper recession than previously predicted, Goldman Sachs says
Stock Market Today: Stocks End Choppy Session With a Loss
The stock market kept investors on edge Thursday as markets bounced between positive and negative territory throughout the day. Stocks initially opened lower as investors heard news that Liz Truss resigned as the United Kingdom’s prime minister after a short and tumultuous tenure. However, the markets quickly turned higher amid well-received earnings reports from telecom… Continue reading Stock Market Today: Stocks End Choppy Session With a Loss
Truss-tastrophe! Markets Rise on PM Step-Down
U.S. stocks applauded the surprise resignation of Liz Truss as traders bet the exit of the shortest-serving prime minister in British history would restore a measure of calm to the U.K. currency and bond markets. Truss said on Thursday she would resign as British prime minister, brought down just six weeks into the job by… Continue reading Truss-tastrophe! Markets Rise on PM Step-Down
Investors are slashing down the odds of a 75-basis-point rate hike in December and beyond as the Fed hints at smaller increases
Investors on Friday pulled down expectations the Federal Reserve will issue another rate hike of 75 basis points in December and beyond. The probability of another jumbo-sized rate hike at the end of the year fell to 45% from 75% on Thursday. The moves were sparked after a report from the Wall Street Journal and… Continue reading Investors are slashing down the odds of a 75-basis-point rate hike in December and beyond as the Fed hints at smaller increases
Dow surges 748 points as US stocks rally on hopes of less aggressive Fed rate hikes
Jennifer Sor Drew Angerer/Getty Images US stocks rallied on Friday, boosted by hopes of less aggressive Fed rate hikes. All three indexes ended the day higher, with the Dow climbing over 700 points. The 10-year Treasury edged lower as investors began to slash expectations of a 75 point rate hike in December. Loading Something is… Continue reading Dow surges 748 points as US stocks rally on hopes of less aggressive Fed rate hikes
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