After a difficult 2022 for investors, there may be rays of light peeking through at the start of the new year. Take heart from JPMorgan Chase CEO Jamie Dimon. He clarified Tuesday that maybe he should...
Tag: The Barron's Daily
Powell’s in Sweden. Rates Will Likely Go Higher Still Despite Companies’ Pain.
Investors looking at Federal Reserve Chairman Jerome Powell’s speech at a conference at Sweden’s Riksbank Tuesday will be tempted to carefully parse his words for any hint as to when the interest-rate...
Tesla’s Already Bringing Its Gloom Into 2023. Elon Musk Needs to Act Now.
Tesla terrible start to 2023 only seems to be getting worse. The stock is already down more than 10% this year after just three full trading days and Friday looks to be another tough one. The EV maker...
Google Moves to Cut Costs. The Tech Gravy Train Has Hit the Brakes.
After years of rapid growth amid bumper profits, the tech sector is now firmly in cost-cutting mode. Alphabet Google was the latest company to highlight this Thursday, confirming plans to merge the te...
Apple Issues iPhone Supply Warning. But the Real Issue Is Demand.
Big Tech just can’t catch a break. After a dismal earnings season, in which Apple was one of the only bright sparks, the tech giant offered up its own bad news Sunday. Apple said Covid restrictions in...
Apple Is the Winner of a Gruesome Earnings Season. Maybe Buffett Was Right.
The tech earnings season has been full of ups and downs. Sure, it’s seen more downs than ups, but the ups have been notable. Amazon was the latest stock to tank after reporting third-quarter results. ...
The Fed Looks Set to Overshoot on Interest Rates. What to Learn From Earnings.
Last week saw markets raise their hopes of a Federal Reserve pivot to looser policy, only to have the dream dashed by a strong jobs report and string of policy makers saying interest rates must move h...
The Dollar Is Crushing Rival Currencies. Here’s Where Things Are Headed.
The dollar’s remarkable rally shows no signs of slowing. In fact, the Federal Reserve’s hawkish message has given it fresh impetus. The strong dollar is a concern for U.S. multinational corporations, ...
Surviving the Fed Is as Easy as One, Two, Three
It seems as if everyone is afraid of the Federal Reserve meeting this week. U.S. stock futures were down Monday and the S&P 500 has dropped almost 6% since the disappointing inflation report from ...
New Buyback Tax Will Force Companies to Think Twice on How to Use Cash
In the scrap over how to fund President Joe Biden’s spending plans, the Democrats’ focus has shifted from taxing private funds to public at the last minute. Sen. Kyrsten Sinema (D., Ariz.) backs dropp...
China’s Retaliation to Pelosi’s Trip Keeps Chips Off the Menu for Now
China’s fresh blockade of food imports from Taiwan wasn’t enough to further destabilize markets nervous about House Speaker Nancy Pelosi’s historic visit to the island. Beijing’s four days of military...
Pelosi’s Trip to Taiwan Is a Risk to More Than Just the Chip Industry
Asian stocks worked out early there is no good outcome from Nancy Pelosi’s current tour of the region. By landing in Taiwan Tuesday or Wednesday, the speaker of the House risks Chinese military retali...
Biden Dropping China Tariffs Could Be Good News for Tech Stocks
If President Joe Biden rolls back tariffs on Chinese exports, it could have bigger implications than the impact on inflation. The U.S. is considering dropping the levies started by Donald Trump in 201...
Crypto Winter Is Coming After SEC Rejects Key Bitcoin ETF
As if crypto bros didn’t have enough to worry about. The Securities and Exchange Commission has rejected Grayscale Investments’ application to convert its $13 billion spot Bitcoin trust into an exchan...
The Russian Default Is Less Worrisome Than It Appears. Keep Watching Oil.
A general view of the Kremlin, Red Square and St. Basil’s Cathedral in central Moscow. AFP via Getty Images Text size Russia’s first default on its foreign debt in more than 100 years is the lat...
Yellen and Biden Wonder Why People Are Down on the Economy. Here’s the Reason.
Treasury Secretary Janet Yellen said yesterday that “it’s amazing how pessimistic” Americans are about the economy, “given that we have the strongest labor market we’ve had in the entire postwar perio...
Yellen Says Inflation Is Here to Stay While Target Is Cutting Prices. They’re Not at Odds.
At the same time, Target said on Tuesday it will have to cut prices to shift inventory, further hurting profitability this year. That seems like a contradiction. But it makes sense if we accept that f...
Apple Needs to Show Some Spark as Shoppers Favor Services Over Stuff
Customers at the Apple Store in Grand Central Terminal in New York City earlier this year. Getty Images Text size As Apple prepares to upgrade its products, there are two distinct trends hitting the e...
Relief at the Pump Could Come Soon. Thank Saudi Arabia.
Justin Sullivan/Getty Images Text size Oil prices fell Thursday after the Financial Times reported that Saudi Arabia was ready to increase output as more sanctions on Russia threaten global oil supply...
If There’s a Recession Coming, Not Even the Fed Could Stop It Now
The word recession is on the tip of everyone’s tongue. Influential investor and philanthropist George Soros is talking about it in Davos. The Federal Reserve, on the day minutes are published, is cons...
Wall Street Is So Terrified, Stocks Might Be Ready to Rise
Federal Reserve Chair Jerome Powell Tom Williams-Pool/Getty Images Text size To paraphrase Monty Python, the stock market isn’t dead quite yet. Sure, it feels like the S&P 500 has nowhere to go bu...
Elon Musk Is Already Dropping Hints on His Plans for Twitter. So Much for ‘Passive.’
The world’s richest person may have taken a ‘passive’ stake in Twitter , but he is clearly intent on playing an active role in pushing for change on the platform itself. There is a chance the stake wi...
As Oil Briefly Dips Below $100, Russia and Europe Play a Game of Chicken
U.S. oil prices briefly dipped below $100 barrel Friday, as President Joe Biden’s plan to release one million barrels a day of reserves began to have the desired effect. But it’s premature to start th...
Warren Buffett Puts Some of His $144 Billion to Work With Alleghany Deal
Warren Buffett Paul Morigi/Getty Images for Fortune/Time Inc Text size It was only three weeks ago that Berkshire Hathaway Chairman and CEO Warren Buffett wrote of the unpleasantness associated with h...
China’s Intervention Sends Stocks Soaring. Powell’s Unlikely to Make That Big a Splash.
The Chinese government just had the sort of impact on markets that the Federal Reserve can only dream about. In fairness to the Fed, it hasn’t spent the best part of a year undermining the stock marke...
After an Incredible Rally, Beware a Dead Cat Bounce
An oil tanker stands at an oil terminal Thursday at Wilhelmshaven, Germany. Getty Images Text size It has been a tough year for stocks. A rally on Wednesday seemed to promise some reversal of the tren...
Russia-Ukraine Tensions Mount and Fed Tightening Weighs. There’s Only 1 Certainty for Markets.
U.S. stocks are being bumped around from crisis to crisis as if in a pinball machine. The uncertainty around the Federal Reserve’s policy and the future path of interest rates keeps surfacing on a reg...
Amazon May Have Saved the Stock Market. But It’s Looking Even Worse for Meta.
After Meta Platforms’ disastrous earnings outlook, the mood was pretty sour. And with investors weighing up the Federal Reserve’s future path for interest rates and the potential impact on valuations,...
China’s XI Doesn’t Want the Fed to Raise Rates Either
China’s President Xi Jinping urged the world’s major economies not to rapidly raise interest rates at the virtual Davos summit, warning such action could threaten the global recovery. The yield on the...