Stocks closed higher Wednesday as investors cheered another bad-news-is-good-news reading on the labor market. However, enthusiasm was contained after a separate economic report stirred up recession fears. Ahead of the opening bell, ADP said the U.S. added 177,000 private payrolls in August, well below the 200,000 increase expected by economists and the downwardly revised… Continue reading Stock Market Today: Stocks Close Higher After ADP Jobs Data
China’s property crisis deepens with 87% value wipeout in developers’ dollar bonds
China’s property sector has faced mounting stress in recent years, with developers struggling to service their enormous debt. Investor anxiety about the property crisis has fueled a rout in Chinese developers’ dollar bonds, which have lost 87% of their value, according to Debtwire. As many as 53 Chinese developers have collapsed in recent years. Loading… Continue reading China’s property crisis deepens with 87% value wipeout in developers’ dollar bonds
4 Big Tech giants have plowed over $1 trillion into stock buybacks in 10 years — more than Tesla or Meta’s entire market value
Four Big Tech firms splurged over $1 trillion on stock buybacks in 10 years, S&P Global data shows. Apple spent over $600 billion on its own shares, more than Alphabet, Microsoft, and Meta combined. The quartet’s outlay on buybacks exceeds the market values of Tesla, Meta, and Berkshire Hathaway. Loading Something is loading. Thanks for… Continue reading 4 Big Tech giants have plowed over $1 trillion into stock buybacks in 10 years — more than Tesla or Meta’s entire market value
The S&P 500 could rally another 11% by year-end, Morgan Stanley Investment Management’s Andrew Slimmon says
Despite a downbeat August, the S&P 500 index is still boasting impressive year-to-date gains. The benchmark stock-market gauge is up over 17% so far in 2023, and one expert sees it climbing even higher. Morgan Stanley’s Andrew Slimmon sees the S&P 500 nearing 5,000 by year-end – what would be an 11% rise. Loading Something… Continue reading The S&P 500 could rally another 11% by year-end, Morgan Stanley Investment Management’s Andrew Slimmon says
Second-quarter earnings recap: Here’s what Wall Street is saying about this quarter’s winners and losers, and where the market goes from here
Second-quarter earnings season is concluding, giving analysts new data to direct their investments. Morgan Stanley, RBC, and Bank of America recently broke down earnings themes they saw. Tech and consumer discretionary were the winners, while energy and health care enjoyed big pops. The second-quarter earnings season is quickly coming to an end, and it’s time… Continue reading Second-quarter earnings recap: Here’s what Wall Street is saying about this quarter’s winners and losers, and where the market goes from here
A pretzel-shop worker committed a $1 million fraud to buy Tesla, GameStop, and Nvidia shares – and ended up making $7,000 for his broker, SEC says
A fast-food worker obtained $200,000 of advance credit by making bogus deposits, the SEC says. The Auntie Anne’s employee piled the entire sum into Tesla, Nvidia, GameStop, AMC, and other stocks. His broker caught on and liquidated the holdings a day later, making a roughly $7,000 profit. Loading Something is loading. Thanks for signing up!… Continue reading A pretzel-shop worker committed a $1 million fraud to buy Tesla, GameStop, and Nvidia shares – and ended up making $7,000 for his broker, SEC says
Designing a new financial strategy while already entering retirement
Couple is on track to have just enough investment income to provide for their desired lifestyle Published Aug 30, 2023 • Last updated 1 hour ago • 5 minute read It’s important for people about to retire to be clear about their expenses. Photo by Gigi Suhanic/National Post photo illustration By Mary Teresa Bitti One of… Continue reading Designing a new financial strategy while already entering retirement
Stock Market Today: Stocks Rise for Third Straight Day; Bitcoin Pops on SEC News
Stocks closed higher Tuesday as investors cheered some bad-news-is-good-news jobs data. Sentiment also got a lift from an outsized rally in tech stocks that was fueled by declining Treasury yields and a round of bargain hunting. Shortly after the opening bell rang, the Bureau of Labor Statistics said job openings fell by 338,000 in… Continue reading Stock Market Today: Stocks Rise for Third Straight Day; Bitcoin Pops on SEC News
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