Tesla had a bad year 2022. On the stock market, it was a real nightmare. Tesla stock lost more than 65% of its value to end the year at $123.18. It had started 2022 at $352.26. This fall translates ...
Tag: Federal Reserve
ChatGPT Likes Our Robot Story
To the Editor:I was going to write you a letter about your cover story (“Robots Are Replacing Workers Lost in the Pandemic. They’re Here to Stay.”, Dec. 23) when I thought I would just let ChatGPT wri...
Loan Data Shows Exceptional Economic Health, Though HELOCs May Be Cracking
GIBBSTOWN, NJ – JANUARY 23: A truck driven by Rob Sparks of Metropolitan Asset Recovery Solutions … [+] tows a vehicle during reposession January 23, 2003 in Gibbstown, New Jersey. Statist...
Why Bonds Should Do Well In 2023
Bonds loom large. getty Bonds have had a nasty 2022, their lousiest year since the launch of what’s now known as the Bloomberg Aggregate bond index, almost a half century ago. Will bonds continue to s...
The Dramatic Fall of Carvana, “The Amazon of Used Cars”
It is a buoyant red in the portfolio of the shareholders of Carvana, the online used car platform. In one year, their shares have lost most of their value, no doubt giving them the impression that the...
When Will Inflation Stop? Will Rising Prices And Rate Hikes Continue In 2023?
| Getty Images Key Takeaways Inflation has been much higher than the 2% target since early 2021. Though inflation is on a downward trend, it remains to be seen whether that trend will continue. The Fe...
Will Federal Reserve Rate Hikes Pull Down Inflation? Probably Not, New Research Shows
US Federal Reserve Chairman Jerome Powell speaks during a press conference after a Federal Open … [+] Market Committee meeting in Washington, DC on July 31, 2019. – The US Federal Reserve ...
Tech Stocks Will Probably Lag In The Next Bull Market
A bystander looks into the window of the Nasdaq MarketSite near the close of trading April 12, 2000 … [+] in New York City. The Nasdaq lost 286.69 points to finish at 3769.64, the second largest...
The Boundless Fatuity Informing the Simple-Minded Word ‘Recession’
In his brilliant 2014 book Creativity, Inc., Pixar founder Ed Catmull observed that “people need to be wrong as fast as they can.” In ten words Catmull exposed the mind-numbing stupidity of “recession...
Elon Musk Warns About a Bad Decision
The deterioration of the economic climate has been one of the main concerns for investors for several months now. This is reflected in particular in the fall of nearly 33% of the Nasdaq 100 stock mar...
Yes, You Can Benefit From Rising Rates—Here’s How
Getty Images The Federal Reserve finished the year with yet another interest rate hike. If inflation slows as expected, analysts still expect further increases of at least 75 basis points. You know ho...
Inflation Is Slowing Down, PCE Data, the Fed’s Preferred Measure, Shows
Inflation is slowing, but consumers aren’t spending as much as hoped this holiday season, data showed Friday. The core personal-consumption expenditures price index, or PCE deflator, was up 0.2% in No...
Billionaire David Tepper Is Betting Against the Stock Market Because of the Fed
Text size David Tepper, co-founder of the hedge fund Appaloosa Management. Andrew Harrer/Bloomberg Appaloosa Management’s David Tepper says he is worried further tightening of monetary policies from g...
Dow Plunges Over 700 Points As ‘New Risks’ Fuel Recession Fears
Topline The stock market tumbled on Thursday after strong economic data fueled concerns the Federal Reserve may push interest rates higher than previously expected in order to help cool inflation—reve...
Bill Miller Is Still Bullish on Bitcoin—and a Lot More
Professional athletes like to retire after a good run. Legendary value investor Bill Miller is taking a different route. Miller, 72, is sticking with the plan he announced in January to hang up his in...
Home Sales Plunge To Great Recession Levels As ‘Frozen’ Housing Market Adjusts To Elevated Mortgage Rates
Topline Existing home sales fell in November for a record 10th-consecutive month, according to data released Wednesday by the National Association of Realtors, as the housing market continues to be on...
Wells Fargo Ordered To Pay Customers $3.7 Billion For Causing ‘Financial Harm’
Topline Wells Fargo will have to pay $3.7 billion in fines and refunds to customers for several consumer financial law violations, according to U.S. regulators Tuesday, the largest penalty against the...
Is Retail In Recession – Or Are We Coming Out Of It?
Road sign with the words “Recession next exit” featured. getty The New York TimesNYT published on Friday that retail sales fell in November despite Black Friday deals. That means that we a...
Why The Federal Reserve Can’t Solve Food Price Inflation
Federal Reserve Board Chairman Jerome Powell. (Photo by Samuel Corum/Getty Images) Getty Images The Federal Reserve has raised interest rates another 50 basis points, in an attempt to tamp down inflat...
Interest Hikes, Inflation, and Stagflation: Watch the Fed in 2023
Inflation has raged over the past year and a half, jumping 7.7% in the 12 months through October. The Federal Reserve responded by raising interest rates. The central bank started in March, though man...
Stocks Could Return About 10% in 2023—But First, They’re Going to Fall
For U.S. investors, 2023 could seem like two years wrapped in one, with the stock market first falling in anticipation of a recession, only to rebound as the outlook improves toward 2024. The one cons...
The Fed Is Making a Mistake—and the Stock Market Will Pay the Price
We all make mistakes—but the Federal Reserve may be making a bigger one than most. That could mean another difficult year for the stock market in 2023. Those concerns were front and center this past w...
How To Take Advantage Of Today’s Generous Corporate Bond Yields
The desert of no yield Tim Graham/Getty Images The Federal Reserve imparted new meaning to quantitative easing and low interest rates both during and after the pandemic. Since then, we investors have ...
Is a Recession Likely When Everyone Has a Job?
Is a Recession Likely When Everyone Has a Job? getty While economists jawbone about the odds of a recession, a competing narrative suggests this time might be different. Those of us in the business of...
Dow Plunges Almost 800 Points After Retail Sales Post Biggest Drop In Nearly A Year
Topline The stock market fell for a second straight session on Thursday after data showed retail sales are deteriorating more quickly than experts projected—fueling concerns the nation could be headed...
Dow Plunges 900 Points After Retail Sales Post Biggest Drop In Nearly A Year
Topline The stock market fell for a second straight session on Thursday after data showed retail sales are deteriorating more quickly than experts projected—fueling concerns the nation could be headed...
Dow Plunges 700 Points After Retail Sales Post Biggest Drop In Nearly A Year
Topline The stock market fell for a second straight session on Thursday after data showed retail sales are deteriorating more quickly than experts projected—fueling concerns the nation could be headed...
The Bulls’ Worst Recession Fear: There Won’t Be One
“There ain’t gonna be no recession,” Pierre Rinfret, an economist who once advised the Nixon administration, confidently declared in December 1969. Better at attracting publicity than forecasting, he ...