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
Billionaire investors Dan Loeb and Cliff Asness tear into Cathie Wood after the Ark chief defends her valuation methods
Ark Invest’s Cathie Wood touted disruptive businesses and defended her valuation methods. Billionaire investors Dan Loeb and Cliff Asness ridiculed her comments on Twitter. Ark’s holdings have plunged as Inflation, interest-rate hikes, and recession fears spook markets. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re… Continue reading Billionaire investors Dan Loeb and Cliff Asness tear into Cathie Wood after the Ark chief defends her valuation methods
The ‘inflation gorilla’ is out of its cage and it isn’t coming back down to the Fed’s 2% target anytime soon, portfolio manager says
The Fed has let the “inflation gorilla” out of the cage, JPMorgan Asset Management portfolio manager William Eigen said. Eigen warned that prices won’t come down to the Fed’s 2% target anytime soon, and the Fed will likely keep rates high. Rate cuts are unlikely after central bankers mistakenly called inflation “transitory”, he said. Loading… Continue reading The ‘inflation gorilla’ is out of its cage and it isn’t coming back down to the Fed’s 2% target anytime soon, portfolio manager says
CarMax plunges 16% as ‘vehicle affordability challenges’ drive 3rd-quarter earnings and revenue miss
CarMax shares sharply fell Thursday as the used-car retailer missed third-quarter expectations. Customers are facing “vehicle affordability challenges” with high inflation and interest rates. Per-share earnings of $0.24 were short of consensus views for $0.70 a share. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re… Continue reading CarMax plunges 16% as ‘vehicle affordability challenges’ drive 3rd-quarter earnings and revenue miss
7 Best Small-Cap Stocks to Buy for 2023 and Beyond
Small-cap stocks (opens in new tab) tend to suffer more than their larger cap peers when equities are broadly struggling, and 2022 was no exception. But if there’s a sliver of a silver lining to be found, it’s that analysts say the best small-cap stocks to buy are priced for exceptional returns in 2023. First,… Continue reading 7 Best Small-Cap Stocks to Buy for 2023 and Beyond
Stock Market Today: Stocks Land a Win on Turnaround Tuesday
Stocks looked poised to extend their daily losing streak Tuesday, trading lower near the open after a surprise move by the Bank of Japan (BoJ). However, they moved higher by mid-morning as bargain hunters swooped in. Following four days in which the major market indexes notched losses ranging from 4% to more than 6%, they… Continue reading Stock Market Today: Stocks Land a Win on Turnaround Tuesday
Is the Stock Market Open on Christmas 2022?
Is the stock market open on Christmas Eve and Christmas? Normally, the answer to that question is no-ish. That’s because Christmas Eve is typically an early closure day for Wall Street, while both the stock and bond markets are closed for the entirety of Christmas Day. However, Christmas Eve falls on a Saturday in 2022,… Continue reading Is the Stock Market Open on Christmas 2022?
Billionaire investor Bill Gross warns of chaos ahead for US housing and bond markets if the Fed keeps pushing up interest rates
The Federal Reserve’s rate-hiking campaign could plunge markets into crisis next year, according to Bill Gross. “We’ve got potential chaos in financial markets,” the billionaire investor said Tuesday. The housing and bond markets look particularly vulnerable, Gross added. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while… Continue reading Billionaire investor Bill Gross warns of chaos ahead for US housing and bond markets if the Fed keeps pushing up interest rates
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