Gamestop stock jumped as much as 7% Thursday after it announced Ryan Cohen as its new CEO. The billionaire investor will not receive any compensation for the role as president, chief executive, and chairman. Earlier this year, Gamestop fired CEO Matthew Furlong, a former Amazon executive. Loading Something is loading. Thanks for signing up! Access… Continue reading GameStop jumps as it taps billionaire activist investor Ryan Cohen as CEO for zero salary
Bond vigilantes may be waking up as the US deficit balloons – and that’s a threat to stocks and the economy, market vet says
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
What Does a Government Shutdown Mean for Stocks?
Federal government shutdowns aren’t necessarily all that bearish for stocks, at least historically speaking. Although the market hates the threat of a federal government shutdown – an outcome that looks increasingly likely beginning October 1 – the S&P 500’s performance during actual shutdowns has been pretty good. If our current go-round with a shutdown seems… Continue reading What Does a Government Shutdown Mean for Stocks?
Focusing Too Much on a Bull Market Could Lead You Astray
Talk of a bull market may be exciting, but you may want to temper that a bit. Here’s why: Even if the market’s overall value soars, that doesn’t necessarily mean your investments will make money. Take as one example the early part of 2023, when the S&P 500 index rose 20% over the previous year.… Continue reading Focusing Too Much on a Bull Market Could Lead You Astray
Stock Market Today: Stocks Sink as Consumer Confidence Drops, Shutdown Looms
The September selloff resumed Tuesday with stocks closing lower across the board. In addition to rising Treasury yields, sentiment took a hit after the latest batch of economic data came in worse than expected and as a looming government shutdown sparks concern over another potential U.S credit downgrade. Earlier today, The Conference Board said… Continue reading Stock Market Today: Stocks Sink as Consumer Confidence Drops, Shutdown Looms
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