Bond market vigilantes could come into force as fears over the deficit rise, Ed Yardeni said. That refers to investors who seek to rein in government spending by sending Treasury yields soaring. Yields on the 10-year Treasury this week notched their highest level since 2007. Loading Something is loading. Thanks for signing up! Access your… Continue reading Bond vigilantes may be waking up as the US deficit balloons – and that’s a threat to stocks and the economy, market vet says
Peloton stock jumps 12% after announcing Lululemon partnership on apparel and fitness content
Peloton stock rose as much as 12% Thursday after announcing a partnership with Lululemon. Lululemon will discontinue its Studio Mirror and steer customers to Peloton’s classes. Meanwhile, Peloton will sell co-branded Lululemon clothes. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Peloton… Continue reading Peloton stock jumps 12% after announcing Lululemon partnership on apparel and fitness content
Forget the sell-off – Tech stocks have a ‘springboard for growth’ into 2024 that Wall Street has underestimated
Tech stocks have a “springboard for growth” into 2024 that’s underestimated, Wedbush’s Dan Ives wrote. The analyst cited artificial intelligence, the cloud, cyber security, and a rebound of digital ad spending. Strong third-quarter tech earnings will be a “sneak preview” for the sector, he added. Loading Something is loading. Thanks for signing up! Access your… Continue reading Forget the sell-off – Tech stocks have a ‘springboard for growth’ into 2024 that Wall Street has underestimated
US stocks dip as September losses pile up amid rising bond yields
Phil Rosen Spencer Platt/Getty Images US stocks dipped Thursday, continuing a brutal sell-off during the month of September. The latest drop came as US bond yields rose further, hitting fresh 16-year highs. Weekly jobless claims ticked up to 204,000, but were below the estimated 214,000. Loading Something is loading. Thanks for signing up! Access your… Continue reading US stocks dip as September losses pile up amid rising bond yields
Evergrande’s billionaire founder is under police control, report says, as Beijing’s crackdown on the property giant intensifies
China has put Evergrande’s billionaire founder under police control, Bloomberg reported. Other former execs have also been swept up in Beijing’s ongoing probe, according to reports. The embattled real-estate giant’s shares have plunged after saying it would be unable to issue new debt. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Evergrande’s billionaire founder is under police control, report says, as Beijing’s crackdown on the property giant intensifies
The stock market sell-off is orderly, suggesting there’s no looming financial crisis. Here’s exactly when to buy the dip in stocks.
The current stock market decline is orderly and doesn’t suggest a financial crisis is looming, DataTrek said.The research firm cited a “confluence of factors” driving the sell-off, and that’s good news.Here’s when investors should buy the dip in stocks, according to DataTrek. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading The stock market sell-off is orderly, suggesting there’s no looming financial crisis. Here’s exactly when to buy the dip in stocks.
The housing market has hit ‘rock bottom’ and the sales slump will last a long time, Redfin CEO says
The housing market can’t get much worse from here, according to Redfin CEO Glenn Kelman. High mortgage rates and high prices have crushed affordability for buyers. The market is in a freeze and the sales slowdown that will last for a “long time,” Kelman warned. Loading Something is loading. Thanks for signing up! Access your… Continue reading The housing market has hit ‘rock bottom’ and the sales slump will last a long time, Redfin CEO says
Russia’s use of the Chinese yuan surges as the Kremlin looks to bypass sanctions
The yuan’s share of Russian import invoicing has jumped to 20% since the Ukraine war, a study found. The yuan was more pronounced in the import of sanctioned goods, the European Bank for Reconstruction and Development wrote. Yuan invoicing was especially pronounced in the import of industrial-capacity goods that have been sanctioned. Loading Something is… Continue reading Russia’s use of the Chinese yuan surges as the Kremlin looks to bypass sanctions
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