LONDON—U.K. Prime Minister Liz Truss said that her government could have done a better job preparing financial markets for a surprise tax-cut plan funded by increased debt, but otherwise defended the ...
Tag: SYND
Adobe Stock Crumbled. Chief Financial Officer Dan Durn Bought the Dip.
Adobe stock tumbled after the software giant announced an acquisition. Soon thereafter, Chief Financial Officer Dan Durn bought nearly $1 million of shares. Adobe (ticker: ADBE) announced on Sept. 15 ...
Bond Market Turmoil Could Last a While. How to Ride It Out.
It is an exciting time for fixed income—and a terrifying one, too. Central banks are in the midst of the most dramatic tightening of monetary policy in a generation, which has helped push yields on so...
An Alzheimer’s Drug’s Big Surprise: What It Means
Until this past week, there seemed to be no answers to the Alzheimer’s puzzle. The leading theory of the disease, that it was caused by a buildup of beta amyloid plaque in the brain, had been disprove...
Flood Insurance Fell in Florida Before Hurricane Ian Struck
SANFORD, Fla.—Florida homeowners had reduced their flood insurance coverage in the years before Hurricane Ian dumped up to 15 inches of rain on the state, inundating coastal and inland areas. Only a s...
Nikola Tries to Ignite Market for Its Hydrogen Fuel-Cell Trucks
As Nikola founder stands trial on securities-fraud charges, a revamped management team is pushing to make the company the first to market hydrogen-powered commercial trucks in the U.S.—and to overcome...
Carnival Debt Yields in the Teens After Big Earnings Miss
Cruise line bonds have taken a fresh hit after Carnival’s weaker-than-expected financial update for its latest quarter, and yields on many debt issues now are in teens. Carnival (ticker: CCL) shares ...
Brazil’s Election Is Almost Here. Get Ready to Buy Petrobras Stock.
Chocolate and peanut butter go together; falling oil prices and Brazilian political uncertainty most certainly do not. Yet Petrobras stock may still be worth buying. Yes, that sounds like a terrible i...
How Low Will the Stock Market Go? S&P 3300 Might Just Be the Start.
The stock market desperately wants to put in a low. The Federal Reserve won’t let it. You wouldn’t know that from looking at the market this past week. On the one hand, U.S. economic data remains stro...
It’s Time to Buy Tech Again. Here Are 20 Stocks to Start With.
One cruel truth the stock market confirmed this past week is that trying to pick the bottom for technology stocks is a fool’s errand. The Nasdaq Composite’s terrible September—it was down 10.5% on the...
Billionaire Berkshire Board Member David Gottesman Dies at 96
Text size David Sanford “Sandy” Gottesman arrives for a Berkshire Hathaway shareholders meeting in Omaha, Neb. Daniel Acker/Bloomberg David “Sandy” Gottesman, a Berkshire Hathaway board me...
Altria to Invest in Rival Vaping Products. Ends Noncompete Agreement With Juul.
Altria on Friday said it’s looking to end its noncompete agreement with Juul, the e-cigarette maker in which it owns a stake. This will give the maker of Marlboro cigarettes a chance to start up its o...
Arrival Stock Soars. It’s Got Plans for Microfactories to Build EV Vans.
Shares in Arrival were rising in early trading after the company said it had produced a vehicle in one of its microfactories for the first time. The milestone is a welcome boost for the embattled elec...
Exxon CEO Warns Biden Administration Against Limiting Fuel Exports
Exxon Mobil is pushing back against reductions of U.S. fuel exports urged by the Biden administration in August, arguing that restricting shipments would further squeeze global supplies and lift pump ...
When Retirees Should Sell Stocks in a Bear Market—and How to Do It
Text size Wall Street isn’t the only one stressed about the bear market. NYSE Watching the markets gyrate in recent weeks, retirees may be tempted to cut and run. It’s no fun at any age to watc...
PC Demand Is Tanking. What It Means for Nvidia, AMD and Intel Stock.
Susquehanna is getting more pessimistic about the outlook for PC sales. On Thursday, semiconductor analyst Christopher Rolland reduced his price targets for Nvidia (ticker: NVDA ) stock to $180 from $...
How to Build a Bond Ladder for Income
While stock prices typically rise and fall from year to year, bond prices have historically been quite stable. Yet 2022 is shaping up to be a year of infamy for fixed income. Since bond prices move in...
Rivian Gets Another Buy Rating. Why Analysts Are Overlooking Ford.
Text size Rivian and Ford have a lot of strategic similarities. Courtesy Rivian Electric truck maker Rivian Automotive picked up a new Buy rating, but the optimism for leading EV start-up stocks just ...