The stock market isn’t going to recover from its recent rout soon as three headwinds remain, according to JPMorgan.The bank highlighted that valuations are still too high, and interest rates are too restrictive.Investors have entered “extreme fear” mode as interest rates surge to a new cycle-high. Loading Something is loading. Thanks for signing up! Access… Continue reading Stock market carnage isn’t over yet as soaring bond yields send investors into ‘extreme fear’ mode
An early investor in Warren Buffett’s Berkshire Hathaway is now worth $3 billion – and joined the Forbes 400 this year
An early Berkshire Hathaway investor joined the Forbes 400 list of wealthiest Americans this year. Stewart Horejsi, who first bought into Warren Buffett’s company in 1980, has a $3 billion net worth. Horejsi paid less than $300 for his first Berkshire shares, which are now worth $522,000 each. Loading Something is loading. Thanks for signing… Continue reading An early investor in Warren Buffett’s Berkshire Hathaway is now worth $3 billion – and joined the Forbes 400 this year
Stock Market Today: Soaring Treasury Yields Keep a Lid on Stocks
Stocks kicked off the new month and quarter on a relatively quiet note, even as Congress over the weekend passed a stopgap spending measure to avoid a shutdown and fund the government through mid-November. While all three benchmarks spent some time in positive territory today, rising Treasury yields and a round of hawkish commentary from… Continue reading Stock Market Today: Soaring Treasury Yields Keep a Lid on Stocks
The Dow is about to give up all of its gains for 2023
The Dow Jones Industrial Average is down more than 400 points Tuesday. It’s on pace to close the trading session slightly in the red for 2023. Bond yields spiked after fresh labor data, which pointed to a still-resilient job market. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading The Dow is about to give up all of its gains for 2023
The stock market today has ‘echoes’ of the 1987 crash, and even a hint of a recession would be a massive blow to equities, Societe Generale says
Stocks are following the same path they did ahead of the 1987 stock crash, Societe Generale said. Investors are bullish in the face of rising bond yields, in an “echo” of late 80s sell-off. Any sign of recession now could spark big losses for investors, the bank’s Albert Edwards said. Loading Something is loading. Thanks… Continue reading The stock market today has ‘echoes’ of the 1987 crash, and even a hint of a recession would be a massive blow to equities, Societe Generale says
A crescendo of panic selling is the one missing ingredient to a year-end stock market rally
The stock market is missing one key ingredient to mount a year-end rally, according to Bank of America.The bank said that a crescendo of panic selling, or capitulation, is necessary for stocks to bottom in October.Favorable fourth-quarter seasonal patterns would support a year-end rally if the capitulation event materializes. Loading Something is loading. Thanks for… Continue reading A crescendo of panic selling is the one missing ingredient to a year-end stock market rally
Retail investors can soon own a piece of ‘Shrek’ music royalties and earn payouts as streaming revenue erupts
Everyday investors can soon buy shares in the music rights to the “Shrek” franchise. Trading platform Public will offer 88,970 shares in the music rights for $10 each. Investors can also receive quarterly payouts from the royalties. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re… Continue reading Retail investors can soon own a piece of ‘Shrek’ music royalties and earn payouts as streaming revenue erupts
Russian ruble sinks to level that previously triggered emergency measures from Moscow
The Russian ruble fell past the 100-per-dollar threshold early Tuesday. When it last broke this barrier in mid-August, Russia’s central bank hiked rates sharply. The ruble’s late slide comes as Russia’s balance of payments has deteriorated. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on… Continue reading Russian ruble sinks to level that previously triggered emergency measures from Moscow
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