BP stock was heading higher Wednesday morning after the Wall Street Journal reported that the European oil giant was planning to narrow its investments in renewable energy. The former British Petroleu...
Tag: Dow Jones Industrial Average
Lithium Americas Soars After GM Invests $650 Million. EV War Is Escalating.
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Morgan Stanley’s Mike Wilson warns the stock market’s January rally could end this week
A surprisingly good start for the U.S. stock market in 2023 is likely to fade this week as the Federal Reserve is set to announce its eighth consecutive rate hike at the conclusion of its policy meeti...
Jim Cramer’s Investing Club meeting Monday: Dow stocks, Fed, Ford
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Stick to Dow stocks Watch w...
Asian shares mostly rise, but Hang Seng drops over 2% as Alibaba tumbles on reports of headquarter shift
BANGKOK (AP) — Shares were trading mixed in Asia on Monday after Wall Street benchmarks closed higher on Friday, capping a third week of gains out of the last four. Tokyo and Shanghai rose while Hong ...
This week’s Fed vs. markets showdown could decide fate of early 2023 stock rally
Let’s get ready to rumble. The Federal Reserve and investors appear to be locked in what one veteran market watcher has described as an epic game of “chicken.” What Fed Chair Jerome Powell says Wednes...
S&P 500 nears first ‘golden cross’ in 2½ years, but this doesn’t guarantee more gains ahead
The S&P 500 is on the verge of achieving its first “golden cross” in 2½ years, but that doesn’t mean stocks are destined for more gains over the coming year. The golden-cross indicator is used by ...
An Unstoppable Stock Market Is About to Meet the Immovable Fed
The stock market has acted as if the Federal Reserve doesn’t exist as it jumps out to a quick start to the year. Expect Fed Chairman Jerome Powell to remind it when the central bank hikes interest rat...
Plug Power Stock Took a Dive. Here’s What Wall Street Thinks.
Shares of hydrogen and fuel cell technology company Plug Power took a hit after the company gave a disappointing update about how 2022 finished off. But Wall Street is still bullish about 2023. Wednes...
Dow Inc. Warns of Weakness, to Lay Off 2,000 Workers as Earnings Fall
Chemicals giant Dow Inc. sees the global economy slowing down and is preparing for weakness by cutting costs and focusing on cash generation. That’s the right playbook for a weak operating environment...
Who Makes Abrams M1 Tanks? What to Know About General Dynamics.
As the Ukraine-Russia war continues, the U.S. has decided to send 31 advanced Abrams tanks to Ukraine. That military staple comes from American aerospace and defense giant General Dynamics which repor...
Boeing Reports Earnings Wednesday. What to Expect.
Text size Boeing investors are looking for improvement in sales, earnings and free cash flow in 2023. Logan Cyrus/Getty Images Boeing investors have endured a lot of bad news over the past few years. ...
7 EVs That Cost Less Than the Average New Car After Tax Credits
Electric vehicle buyers in the U.S. can now get a purchase tax credit from the government, and it has pushed the price of several high-volume EVs below the average price paid for a new car in America....
7 EVs That Qualify for a Tax Credit—and Cost Less Than the Average New Car
Electric vehicle buyers in the U.S. can now get a purchase tax credit from the government, and it has pushed the price of several high-volume EVs below the average price paid for a new car in America....
Cramer’s lightning round: I like ABM Industries
Dow Inc: “I want you to hold on. … Keep it at a 5% yield, buy some more if it goes 5.5%.” ABM Industries Inc: “Talk about a boring facilities management company that I like so ...
The 1980s was the blueprint for the upcoming disinflation cycle and these are the stocks for it, strategists say
Stocks logged a third-straight losing session on Thursday as investors continue to deal with a mixed bag of economic data. That followed Wednesday’s session and extremely weak industrial production th...
Bonds say inflation has peaked, but here’s what Cathie Wood says the stock market needs to hear to stage a bona fide rally
Bullish stock investors have gotten punched in the month so far this week, after a relatively cheery kickoff to 2023 following an ugly 2022. Cathie Wood, however, has some thoughts about what might tr...
U.S. stocks flash rare bull-market signal for first time in nearly 3 years, but some have their doubts
A technical signal that has portended previous turning points for the U.S. stock market has arrived for the first time in nearly three years, according to data supplied by its creator. But some on Wal...
Dow drops over 600 points, posts worst day of year after weak economic data, hawkish Fed remarks erase inflation cheer
U.S. stock indexes finished sharply lower on Wednesday, with both the Dow Jones Industrial Average and the S&P 500 index booking their worst day in over a month, after data on falling retail sales...
What JPMorgan and Other Banking Giants Are Saying About a Possible Recession
America’s banking giants are looking into their economic crystal balls, and not all of them like what they see. JPMorgan , Bank of America , and other top U.S. banks recently offered economic outlooks...
Tesla’s Profits Are at Risk From Price Cuts. It Could Get Bad.
Tesla is cutting its prices, so Wall Street is lowering its forecasts for earnings, fearing profit margins will be decimated. That makes 2023 a scary time for investors in the electric-vehicle company...
JPMorgan, Wells Fargo, Bank of America and Citi beat earnings expectations, but worries about headwinds remain
JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. managed to beat Wall Street’s reduced expectations for their fourth-quarter profits as higher interest rates b...
Inflation Isn’t the Stock Market’s Biggest Problem Now. Deflation Is.
Generationally high inflation was the story of 2022. That’s not going to be the story of 2023. The boogeyman of disinflation—and even some deflation—is about to become the biggest risk to stocks, and ...
Virgin Galactic Shakes Up Management. The Stock Soars.
Space tourism startup Virgin Galactic has made changes at the top as it prepares to launch commercial space flight service later this year. The stock is taking off, but the management move probably is...
Apple, Amazon, Facebook and Google face earnings test amid Big Tech layoffs
In the biggest week of the holiday-earnings season, Big Tech results will receive the spotlight amid thousands of layoffs that could only be the beginning. After tech stocks were decimated in 2022, in...