Carla Mozée Thomson Reuters US stocks ended Friday’s session higher, closing out the final full trading week of 2022. The day’s data deluge included the Fed’s preferred inflation gauge, which was slightly higher than expected. The S&P 500 and the Nasdaq Composite marked their third straight weekly declines. Loading Something is loading. Thanks for signing… Continue reading US stocks rise in choppy session after new economic data but S&P 500 logs 3rd-straight weekly loss
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
US stocks won’t fall sharply in 2023 like Wall Street giants expect — because the weak dollar will juice earnings, a top strategist says
Wall Street giants like Morgan Stanley expect US stocks to crash over 20% next year. But Carson Group’s Ryan Detrick thinks equities could rally thanks to declines in the dollar. That could be a tailwind for US companies as it supports overseas earnings, the strategist said. Loading Something is loading. Thanks for signing up! Access… Continue reading US stocks won’t fall sharply in 2023 like Wall Street giants expect — because the weak dollar will juice earnings, a top strategist says
US stocks fall after big Wednesday gains as investors digest new economic data and hope for Santa Claus rally
Brian Evans US stocks have rallied sharply since June. ANGELA WEISS/Getty Images US stocks opened lower Thursday after rallying for three consecutive sessions. Weekly jobless claims rose less than expected, signaling the labor market may still be tight. That could add pressure on the Federal Reserve to keep lifting benchmark rates. Loading Something is loading.… Continue reading US stocks fall after big Wednesday gains as investors digest new economic data and hope for Santa Claus rally
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