Text size Stock in iHeart has lost about two-thirds of its value so far this year. Jason Kempin/Getty Images for Clear Channel The prospect of an imminent economic recession has triggered a rush to th...
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GE Stock Gets a Big Cut but Investors Shrug It Off
Text size GE wind turbines. Sebastien Salom-Gomis/AFP via Getty Images The stock market is said to be forward looking. That seems to be the case headed into second-quarter-earnings season. Stocks are ...
Car Repos Are Exploding. That’s a Bad Omen.
The jobs report and minutes from the Federal Reserve’s June meeting were the economic highlights of the week, but they are, respectively, a lagging indicator and old news. This column instead digs int...
Bank of Mexico Minutes Show Board Open to More 0.75-Point Rate Increases
MEXICO CITY—Bank of Mexico governors all agreed to raise the reference interest rate by three-quarters of a percentage point last month to rein in inflation, and most are willing to consider further i...
Fed’s James Bullard Says 0.75-Point July Rate Rise Is Likely
Federal Reserve Bank of St. Louis President James Bullard said he is ready to follow the U.S. central bank’s supersize June rate rise with the same thing at the end of this month. “Our goal has been t...
Large Retailers Are Getting Hit Hardest by Overstocking
Big retailers are struggling to cope with large stockpiles of furniture, apparel and workout equipment, yet broad measures show inventories at American companies remain exceedingly lean by historical ...
Energy Stocks Are Cheap. Just Ask Warren Buffett.
Energy stocks are on sale, after a sharp selloff since oil and natural-gas prices peaked in early June. Oil is down 18% from its high, to $102 a barrel, while gas has fallen by a third, to about $6 pe...
How Low Can the Euro Go?
The euro is hurtling toward parity with the U.S. dollar for the first time since its early years of existence. Investors are betting it could get a lot worse for the common currency. The descent adds ...
The Stock Market Had a Great Week. Can the Good Times Last?
Text size *** ONE-TIME USE *** People attend the Mega Job Fair held at the FLA Live Arena on June 23, 2022 in Sunrise, Florida. The job fair had 8,000 jobs available from 100 different employers and e...
Kohl’s Stock Lands in the Damaged Bin
Text size A Kohl’s department store in Lexington, Ky. Luke Sharrett/Bloomberg Wall Street has lost faith in Kohl’s , given problems facing nearly all retailers and a potential deal that was scru...
Vanguard to Pay Massachusetts Investors Millions Over Target-Date Fund Tax Hit
Vanguard will pay $6.25 million as part of settlement with Massachusetts’ state securities regulator over allegations that changes it made to certain target-date funds stuck investors with unexpectedl...
Want to Hide Out in Tech? Buy IBM Stock, Morgan Stanley Says.
Text size IBM stock has outperformed the broader market this year. Andreas Arnold/Bloomberg One of the best-performing tech stocks in 2022 has been IBM , as the company continues to show progress on a...
Buffett Bought More of Occidental. Here’s What Happened With HP, Citi, Coke.
Text size Warren Buffett has losses as well as wins on his record of stock picking. AFP via Getty Images Billionaire investor Warren Buffett disclosed that he has increased his stake in Occidental Pet...
When Will the Recession Start? Sooner Than Investors Think.
About the author: Larry Hatheway is a co-founder of Jackson Hole Economics and the former chief economist of UBS . Economists and pundits who expect recession but not until 2023 may soon be surprised ...
Berkshire Holds Over 18% of Occidental After Fresh Buys
Text size Berkshire CEO Warren Buffett likes Occidental and has been adding to the company’s stake since the holding was disclosed in early March. Paul Morigi/Getty Images for Fortune/Time Inc Berkshi...
Tesla Stock Today: Elon Musk’s Twins, EV Charging and What Else to Know
Text size It was revealed that Tesla CEO Elon Musk had twins last year with one of his top executives. Getty Images Shares of electric vehicle maker Tesla rose 1% in premarket trading Thursday. Here’s...
Netflix Q2 Subscriber Losses Could Be Worse Than Forecast, Analyst Warns
Text size The Netflix logo on top of its office building in Hollywood. Chris Delmas/AFP via Getty Images It’s now been almost three months since Netflix shocked investors with a very ugly first-quarte...
Elon Musk Bails on Twitter: What It Means for the Stock
Text size Tesla CEO Elon Musk filed to end his $44 billion merger agreement with Twitter on July 8. POOL/AFP via Getty Images Tesla CEO Elon Musk’s move to terminate his $44 billion deal to purchase T...