When Rook Soto lost his law enforcement job in 2010 for health reasons, he had big medical bills and had to take temporary jobs to survive. For a month, he was homeless and lived out of a van. Soto ha...
Tag: Economy & Policy
Retail Stocks Got an Earnings Boost. Why There’s No Comfort in That.
Text size Many retailers are still struggling with the high inventories, with profits dragged down by pricier supply-chain and transport costs. Spencer Platt/Getty Images Investors breathed a sigh of ...
The Boss May Not Like It. But Millions of Workers Aren’t Coming Back to the Office.
Erin Li, a 29-year-old working for an advertising firm in Los Angeles, is looking for a new job that allows full-time remote work. Li is worried that her current employer will require her to work fro...
GameStop, Apple, Kroger, NIO, and Other Stocks for Investors to Watch This Week
Text size U.S. stock and bond markets will be closed on Monday for Labor Day. It’s a quiet week on the earnings calendar once investors return from the long weekend, but a few major economic-data rele...
Rising Pressure on Profits Darkens Outlook for Tech Shares
Micron Technology is among the companies that have warned about softening PC demand. Courtesy Micron Text size In early summer, I wrote a Tech Trader column previewing the June quarter earnings season...
Lucid Stock Takes a Tumble. Why? Look at the Shareholder Mix.
Illustration by Elias Stein Text size A sudden drop in Lucid Group ’s stock price highlights a key investing insight: Shareholder mix matters. The electric-vehicle maker’s shares (ticker: LCID) fell 6...
Bonds Are in a Bear Market. How to Play What Happens Next.
Text size A shift in Federal Reserve monetary policy has helped ratchet up bond yields, hitting prices. Anna Moneymaker/Getty Images Red-hot inflation and rising interest rates have hammered the globa...
Nvidia and AMD Stock Tumble as U.S. Limits Exports to China
Text size Nvidia’s A100 chips are used in data centers for high-performance applications such as artificial intelligence. Courtesy NVIDIA Nvidia can’t catch a break. Late Wednesday, the chip mak...
Nvidia Stock Drops as U.S. Limits Exports to China. ‘Military End Use’ Is Key.
Text size Nvidia’s A100 chips ae used in data centers for high-performance applications such as artificial intelligence. Courtesy NVIDIA Nvidia can’t catch a break. Late Wednesday, the chip make...
Stock Market Today: Dow Futures Jump as Jackson Hole Selloff Eases
Text size Wall Street saw its worst day in months last Friday. Angels Weiss/AFP via Getty Images Stocks were set to snap a two-day losing streak ignited by hawkish comments from Federal Reserve Chairm...
Bitcoin Has Stumbled. That’s Not a Good Sign for Stocks.
Text size Bitcoin’s drop isn’t much of a surprise. Interest rates have risen in the past few weeks as markets worry that the Federal Reserve would keep lifting rates to combat high inflation. Risk ass...
California Sets the Pace on Zero Emissions. Car Makers, Old and New, Are Cheering.
Text size California is set to prohibit the sale of new gasoline-powered cars in the state by 2035. Justin Sullivan/Getty Images California announced this week that it will ban sales of new gasoline-p...
The Federal Reserve Can’t Back Down on Inflation in the Face of Recession
Text size The prospect of recession is raising alarm among households, firms, and investors alike. Spencer Platt/Getty Images About the author: Carl Tannenbaum is the executive vice president and chie...
Fed Chief Talks Tough on Inflation. There’s More Pain Ahead for the Stock Market.
From left: Fed officials Jerome Powell, Lael Brainard, and John Williams ponder the great outdoors during a break at the economic symposium at Jackson Hole. David Paul Morris/Bloomberg Text size Grand...
Stocks in September Have Often Struggled. The Good News: The Selloff May Have Already Begun.
Illustration by Elias Stein Text size The stock market’s worst month—September—will soon be upon us. The S&P 500 index has averaged a 1% loss in September dating back to 1928, says Dow Jones Marke...
Stock Market Today: Dow Futures Slip as Jackson Hole Speech From Fed’s Powell Looms
Text size Fed Chairman Jerome Powell’s speech scheduled for Friday has hung over markets all week. Drew Angerer/Getty Images Stocks were heading for losses Friday as a major catalyst loomed, wit...
How the Stock Market Performs After Jackson Hole, According to History
Text size The stock market’s traditional September swoon has been less pronounced in recent years. Photo by ANGELA WEISS/AFP via Getty Images The stock market usually performs well just after th...
How Jackson Hole Could Revive the Stock Market Rally
Text size The market will be listening carefully to Fed Chairman Jerome Powell’s speech in Jackson Hole, Wy. Graeme Jennings-Pool/Getty Images The stock market has gotten itself into a better pl...
Alibaba, JD.com Rising on Report of Resolution to SEC Delisting Issue
Text size Alibaba stock rose more than 8% following the report. AFP/Getty Images Stock in Alibaba Group and Tencent Holdings took off on Thursday after The Wall Street Journal reported that security r...
How to Claim Your Student Loan Forgiveness
The Biden administration is canceling a portion of federal student loan debt. Stefani Reynolds/AFP/Getty Images Text size The Biden administration is canceling a portion of federal student loan debt a...
What Forgiving Student Loan Debt Could Mean for the Economy
Nearly 44 million people collectively owe $1.7 trillion in federal student loans. Forgiving some or all of it would cost taxpayers hundreds of billions of dollars. Stefani Reynolds/AFP/Getty Images Te...
U.S. Could Cancel Some Student Debt. Expect News Soon.
Text size A decision on forgiving federal student loan debt is expected by the end of August. Stefani Reynolds/AFP/Getty Images The Biden administration is expected to make an announcement on federal ...
Get Ready for a Tough September in markets.
Text size The S&P 500 has averaged a 1% loss in September—dating back to 1928—its worst month of the year. NYSE The stock market’s worst month—September—is approaching. This one could be particula...
Buy Tesla Stock Because It’s ‘Christmas in August’
Text size A Tesla, Inc. electric vehicle departs after charging at supercharger location in Hawthorne, California Patrick T. Fallon/AFP via Getty Images A Tesla bull is a little more bullish after the...
Nvidia, Salesforce, Zoom, Macy’s, and Other Stocks to Watch This Week
Text size Numerous technology and retail companies will report their latest quarterly results this week. Federal Reserve watchers will be tuning into the central bank’s annual confab in Jackson Hole, ...
Why a Bearish Money Manager Likes Gambling Stocks and Is Ready to Dump Apple
Dan Niles thinks the stock market is headed lower. Maybe a lot lower. A Stanford University–trained electrical engineer who once worked at the old minicomputer giant Digital Equipment, Niles has focus...