It was an ugly day for stocks as the major market indexes extended yesterday’s Fed-induced slump into a second straight day. Today’s selling was sparked by the latest batch of economic data, which exacerbated recession fears across Wall Street. Retail sales and manufacturing data released early Thursday showed that the Federal Reserve’s aggressive campaign of… Continue reading Stock Market Today: Dow Dives 764 Points as Recession Fears Ramp Up
Federal Reserve Hikes Interest Rates Again: What the Experts Are Saying
The Federal Reserve raised short-term interest rates by 50 basis points, or 0.5%, when it wrapped up its final policy meeting of the year on Wednesday. The federal funds rate now stands at a targeted range of between 4.25% and 4.5%, or the highest level in 15 years. The half-percentage-point hike in the overnight borrowing… Continue reading Federal Reserve Hikes Interest Rates Again: What the Experts Are Saying
Elon Musk has sold nearly $40 billion of Tesla stock in under 14 months. That figure dwarfs the automaker’s profits and rivals its underlying value.
Elon Musk has disposed of almost $40 billion of Tesla stock in under 14 months. That figure vastly exceeds Tesla’s $9 billion of net income in the nine months to September. Musk appears to have sold Tesla shares to cover tax bills, buy Twitter, and service debts. Loading Something is loading. Thanks for signing up!… Continue reading Elon Musk has sold nearly $40 billion of Tesla stock in under 14 months. That figure dwarfs the automaker’s profits and rivals its underlying value.
Putin’s vow to cut off Russian oil for G7 price-cap buyers is cracking, going by these 7 India-bound cargoes
Russia is shipping millions of barrels of oil to India on Western-insured tankers, the FT reported Friday. It’s the first sign Moscow may be breaking Putin’s vow to shun countries that accept a G7 price cap. The cap has already sent its oil exports nosediving, and looks set to hit Russia’s economy. Loading Something is… Continue reading Putin’s vow to cut off Russian oil for G7 price-cap buyers is cracking, going by these 7 India-bound cargoes
Donald Trump’s launch of $99 NFTs sparks 10% decline in Digital World SPAC linked to Truth Social
Digital World Acquisition fell 10% on Thursday after Donald Trump launched a line of $99 NFTs.Trump has teased a “major announcement” on Wednesday that led to a spike in Digital World’s stock price.Those gains were erased on Thursday as SPAC investors digested Trump’s NFT announcement. Loading Something is loading. Thanks for signing up! Access your… Continue reading Donald Trump’s launch of $99 NFTs sparks 10% decline in Digital World SPAC linked to Truth Social
Putin hits back at western sanctions on Russian oil by vowing to deepen trade ties with China and other allies
Russia will deepen trade ties with China and other allies, Putin said in a televised speech on Thursday. That comes shortly after the EU banned seaborne energy imports and slapped a $60 price cap on Russian crude. Putin has called the price cap “stupid,” and previously threatened to retaliate against any country who participate. Loading… Continue reading Putin hits back at western sanctions on Russian oil by vowing to deepen trade ties with China and other allies
Stocks are set to fall further in 2023, and investors haven’t priced in a growth slowdown with inflation set to hammer corporate profits, Morgan Stanley CIO says
“The growth slowdown is not yet priced,” Morgan Stanley CIO Mike Wilson told CNBC on Thursday about the potentially rough ride lower for the S&P 500 next year. Wilson has been warning of a potential drop in the S&P 500 to 3,000 in the first half of 2023. Inflation has peaked and falling prices will… Continue reading Stocks are set to fall further in 2023, and investors haven’t priced in a growth slowdown with inflation set to hammer corporate profits, Morgan Stanley CIO says
Should I Buy Stocks Now?
The stock market isn’t a casino. Casinos actually have predetermined odds with the house taking a cut in games like poker where it does not have a stake in the action. Slot machines have a legal minimum payout and sports betting works with the house both taking a cut and oddsmakers moving the betting line… Continue reading Should I Buy Stocks Now?
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