Text size Traders at the New York Stock Exchange. Spencer Platt/Getty Images Anyone who predicted that a pandemic would be followed by events that might spark World War III is probably in direct commu...
Tag: Infectious diseases
The stock market hit its COVID low 2 years ago today. Here’s how its performance since then stacks up.
It’s the second anniversary Wednesday of the lows set in the U.S. stock-market plunge triggered by the onset of the COVID-19 pandemic in early 2020. Stocks have stumbled thus far in 2022, but the S&am...
Dow ends 200 points lower after Fed’s Powell leaves door open to larger rate hikes
Federal Reserve Chairman Jerome Powell Samuel Corum/Getty Images Stocks fell Monday after Federal Reserve Chairman Jerome Powell left the door open to the prospect of bigger rate hikes to bring down i...
Mainland China Reports First Coronavirus Deaths in More Than a Year as Omicron Spreads
HONG KONG—China reported its first deaths from Covid-19 in the mainland in more than a year as the country battles a surge of Omicron infections across the country. Two patients died of Covid-19 in th...
China Made Pro-Market Promises. Here’s What Analysts Are Saying.
Text size Workers at a construction site in Hong Kong on March 18, 2022. Isaac Lawrence/AFP via Getty Images Headwinds had battered Chinese markets for months—Covid-19 outbreaks, U.S. delisting concer...
The S&P Experienced a Death Cross. Here’s the Bright Side.
Illustration by Elias Stein Text size The S&P 500 has performed poorly this year, down about 6.4%. This past Monday, it got scary in a Harry Potter sort of way: The benchmark experienced a death c...
Chris Cuomo Demands at Least $125 Million in Arbitration With CNN
Former CNN anchor Chris Cuomo is seeking at least $125 million from his old employer, claiming the network wrongfully terminated him and smeared his journalistic integrity in the process. Mr. Cuomo co...
Remember the stock market before the war in Ukraine? JP Morgan says negativity is overblown, offers 4 hedges
“Markets appear to have been trafficking in an odd mix of hope, fear and uncertainty.” That was Mizuho Bank, summing up the state of play for markets since Russia’s invasion of Ukraine nearly three we...
Oil suffers ‘spectacular’ collapse, falls into bear market territory just 5 days after settling at nearly 14-year highs
U.S. and global benchmark crude oil entered bear market territory on Tuesday, just five trading days after they settled at their highest prices since 2008. “The collapse has been spectacular,” Fawad R...
S&P 500 marks 1st death cross in 2 years as investors assess Russia-Ukraine ahead of Fed decision
Dow industrials barely gained on Monday, while the S&P 500 logged its first death cross in two years and the Nasdaq Composite slumped to its lowest since December 2020, as investors monitored Russ...
Portfolio manager with 50 years of experience shares 1970s bear-market lesson, and three stocks to buy now
A previous version of this column gave the incorrect date for the Fed policy decision. The story has been corrected. Investors looking at their screens this morning might feel a bit of relief, with oi...
Hang Seng slumps 3% over COVID lockdown worries, oil falls as Russian attacks in Ukraine intensify
BANGKOK (AP) — Stocks were mixed in Asia and oil prices fell Monday as uncertainty over the war in Ukraine and persistently high inflation kept investors guessing about what lies ahead. Tokyo and Sydn...
Whether or not a bottom is in, here’s what will ride to the stock market’s rescue over 12 months, one strategist forecasts
So, is this it? After the powerful 2.6% rebound for the S&P 500 SPX, -0.43% on Wednesday, is the bottom in? Arguing yes is Mark Newton, head of technical strategy at Fundstrat, who notes that whil...
Novavax’s Revenue Falls Short. Management Expects a Surge.
Text size A doctor handles a vial holding a potential coronavirus vaccine at a Novavax lab in 2020. Andrew Caballero-Reynolds/AFP via Getty Images The Covid-19 vaccine maker Novavax expects sales of b...
3 simple rules for cushioning yourself against inflation
This article is reprinted by permission from NerdWallet. Inflation — the rise in consumer prices — is a slow erosion of your money over time. Before 2021, the U.S. hadn’t seen annual core inflation m...
Covid-19 Vaccine Makers Face a New Rival as GlaxoSmithKline and Sanofi Prepare to Enter the Ring
As new Covid-19 cases fall, the postpandemic vaccine market grows more interesting. On Wednesday, GlaxoSmithKline and Sanofi, two of the world’s largest vaccine makers, said they would submit a Covid ...
What CEOs Are Saying: ‘We See Inflation Going Up Everywhere’
Here is what some of the world’s corporate leaders said in their quarterly earnings reports this week about inflation, pricing strategy and the pandemic. Coca-Cola Co. KO -1.78% Chief Executive James ...
European countries scrap Covid rules despite warnings it’s too soon
A pedestrian zone in Oslo on Feb. 2, 2022, after Norway scrapped most of its Covid restrictions. Terje Pedersen | NTB | AFP | Getty Images LONDON — Several European countries are scrapping Covid regul...
The next ‘pain trade’ could be on the horizon as investors crowd into bets pegged to Fed monetary policy
Investors may be set up for the next so-called “pain” trade, with market participants increasingly coalescing around expectations that Federal Reserve needs to act aggressively to combat persistent U....
Nearly two years into the pandemic, Uber and Lyft still looking for a consistent lane
Nearly two years into the COVID-19 pandemic, the ride-hailing industry is still seeking stability. Uber Technologies Inc. UBER, +7.27% and Lyft Inc. LYFT, +3.63% are scheduled to release fourth-quarte...
The ‘best job in America’ pays $145,000, has 14,000 job openings — and offers a generous work-life balance
A six-figure salary and the option to work from home? It sounds too good to be true. Job openings are rising, while workers continue to quit. The number of vacant jobs hit 10.9 million in December, up...
Older Americans, Flush With Housing and Stock Portfolio Wealth, Poised to Revive Spending This Year
Covid-19 kept many older Americans on the sidelines of the recovery in consumer spending as they held back from in-person services like dining and travel. But their spending is picking up as the Omicr...