The Russia-Ukraine conflict could last into 2024, according to the CIO of Spouting Rock Asset Management. Rhys Williams, who’s also a former Moscow-based journalist, explained how the market is viewing the war one year on “This is an existential war for Putin. It may not be in Russia’s interests to continue, but Putin is all… Continue reading A veteran investment chief and former Moscow reporter says markets are pricing in at least another year of Russia’s war in Ukraine
US stocks close lower to wrap up losing week as hot inflation data jolts markets
US stocks fell sharply following hotter-than-expected Core PCE data on Friday. The two-year Treasury yield neared its highest level since 2007. The S&P 500 notched its worst-performing week in 2023 as investors retreat from risk assets. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on… Continue reading US stocks close lower to wrap up losing week as hot inflation data jolts markets
Investors should pile into short-term bonds as markets wake up to the reality that the Fed is going to stay aggressive, BlackRock says
Investors may want to look to short-term bonds as stocks sell off amid fears of a hawkish Fed, per BlackRock. US 2-year treasury yields jumped near 15-year highs this week as equities retreated. Traders are assessing hotter-than-expected Core PCE data released on Friday. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Investors should pile into short-term bonds as markets wake up to the reality that the Fed is going to stay aggressive, BlackRock says
Regal Cinemas owner says shareholders could be wiped out after a lack of successful takeover offers
Cineworld, the owner of Regal Cinemas, said Friday its shareholders may be wiped out. The warning comes as the company hasn’t landed an all-cash bid to take over the entire business. Shares of Cineworld sank on Friday in UK and US trading. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Regal Cinemas owner says shareholders could be wiped out after a lack of successful takeover offers
US stocks finish higher after volatile session as S&P 500 breaks out of slump
US stocks closed higher on Thursday after a choppy trading session. Major indexes swung between gains and losses throughout the trading day. The S&P 500 broke a four-day losing streak to end the day with a moderate gain. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while… Continue reading US stocks finish higher after volatile session as S&P 500 breaks out of slump
Wayfair crashes 31% as the online furniture retailer says it lost more than 5 million customers last year and posts wider quarterly loss
Wayfair stock plunged as much as 31% Thursday after the online furniture retailer said it lost 5 milion customers in 2022. Its 22.1 million active customers is closer to the count it had at the start of the COVID pandemic. Wayfair reported a wider loss for its most recent quarter. Loading Something is loading. Thanks… Continue reading Wayfair crashes 31% as the online furniture retailer says it lost more than 5 million customers last year and posts wider quarterly loss
Tesla is still the benchmark in EVs, and some rivals will fail or be bought, says former Ford CEO
Tesla is still the EV market benchmark, according to former Ford CEO Mark Fields. He told CNBC on Thursday that some of the smaller players in the field risk failing or being bought by rivals. It’s only going to get tougher, especially at the high end price range where competition is stiff, Fields said. Loading… Continue reading Tesla is still the benchmark in EVs, and some rivals will fail or be bought, says former Ford CEO
Billionaire investor Cliff Asness says stocks are ‘woefully’ unprepared for a macro shock in the event inflation doesn’t come down as expected
Stocks could face a macro shock if inflation doesn’t come down the way markets are expecting, according to Cliff Asness. The billionaire investor said stocks were still expensive, and had more downside to come. “We’re probably still in a bubble in cheap versus expensive,” he said in an interview with Bloomberg TV. Loading Something is… Continue reading Billionaire investor Cliff Asness says stocks are ‘woefully’ unprepared for a macro shock in the event inflation doesn’t come down as expected
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