Markets

Putin has begun a “merciless cannibalization” of Russia’s economy, two Yale academics said. Researchers pointed to the chaos unfolding in Russia as Putin tries to cover the nation’s growing budget deficit. Russia’s show of economic strength is a “facade,” the researchers said. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Putin is cannibalizing Russia’s economy as war in Ukraine derails financial order, Yale researchers say

Big Tech stocks led US stock gains in the first half of 2023, fueled by an explosion of interest in AI. But the rally is now broadening out to other sectors – June was the best month this year for the S&P 500 index. A gauge of US stock-market breadth just hit the highest level… Continue reading The 2023 stock rally is no longer about just AI and Big Tech

Jeremy Grantham warned last year a “superbubble” spanning multiple assets would crash spectacularly. The elite investor recently detailed how the AI craze has altered his dire forecast. Grantham said AI was unlikely to interfere with the bubble bursting, but could limit the fallout. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Legendary investor Jeremy Grantham revealed how the AI craze has changed the odds of an epic market crash. Here are the 8 best quotes.

The strong rally in stocks this year has sparked big losses for short sellers, according to S3 Partners.The research firm said short selling has been on the rise amid the rally as hedge funds increase their leverage.These are the three stocks that sparked $30 billion in losses for short sellers, according to S3. Loading Something… Continue reading A monster rally in just 3 stocks has caused short sellers to lose $30 billion so far this year

Rivian stock extended its two-day gain to 19% on Friday after Wedbush increased its price target.Wedbush said Rivian is seeing a turnaround in its EV production and should reach its 50,000 delivery target this year.Wedbush expects the company to trade to $30 a share, which represents potential upside of 25%. Loading Something is loading. Thanks… Continue reading Rivian extends 2-day gain to 19% as Wedbush says the company’s turnaround in EV production is taking hold

Meta launched Threads on Wednesday, drawing 30 million users in hours. The Twitter rival could give Meta stock a boost depending on how the user base grows and how advertisers respond. If Threads can draw advertisers, Meta investors would have reason to cheer.  Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Threads is the talk of the town as Zuck takes on Musk – but 2 things need to happen for Meta stock to see a boost

Three things are about to go awry for markets and the economy, Bank of America said. The bank’s economists pointed to a credit crunch and other looming headwinds.  The US economy is set to tip into a mild recession by the first half of 2024, BofA said. Loading Something is loading. Thanks for signing up!… Continue reading There are 3 things that are about to go wrong for markets and the economy

First-half US corporate bankruptcies surged to the highest level since 2010, data from S&P Global Market Intelligence shows. Almost 3,000 firms folded up in the last six months, a 68% jump from a year earlier, according to Epiq Bankruptcy. American businesses have come under increased stress after the Federal Reserve raised interest rates aggressively. Loading… Continue reading SVB, BBBY, Lordstown lead list of US bankruptcies as companies fold up at the fastest pace since 2010