Negative economic growth in the year’s first half may be a foreshock to a much deeper downturn that could last into 2024. Stephen Roach, who served as chairman of Morgan Stanley Asia, warns the ...
Tag: Wall Street
Bitcoin drops below $20,000 to lowest level since mid-July as investors dump risk assets
Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors’ crypto when a platform fails. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Bitcoi...
How to save $1 million for retirement on an annual salary of $70,000
Consistently saving a small percentage of your salary is a simple way to ensure you’re prepared for retirement. As a rule of thumb, most financial advisors suggest you save 10% to 15% of your ea...
Nordstrom, Urban Outfitters & more
A shopper wearing a protective face mask walks inside the Urban Outfitters retail store during Black Friday sales at Roosevelt Field shopping mall in Garden City, New York, November 26, 2021. Shannon ...
Zoom, Palo Alto Networks, Macy’s and more
Take a look at some of the biggest movers in the premarket: Zoom Video Communications (ZM) – Zoom tumbled 11.5% in the premarket after the videoconferencing company cut its full-year forecast. Zoom re...
Signify Health, Bed Bath & Beyond, AMC and more
Take a look at some of the biggest movers in the premarket: Signify Health (SGFY) – Signify Health surged 37.5% in premarket trading as a potential bidding war escalates for the home health services p...
Citi projects UK inflation to breach 18% in January as energy prices skyrocket
Citigroup said it had identified the cause of the flash crash and corrected the error “within minutes.” Jim Dyson | Getty Images News | Getty Images LONDON — U.K. inflation is on course to...
Central Bank Hawkishness Hasn’t Faded Yet Despite Lower Inflation
Fed Chairman Jerome Powell. More interest rate hikes to curb inflation. As it is now, anyone who got … [+] a 5% raise last year has last it all, and then some. (Photo by Scott Olson/Getty Images...
This $3.8 billion hedge fund is shaking up the industry with its pay-for-performance model
(Click here to subscribe to the Delivering Alpha newsletter.) When Peter Kraus founded Aperture Investors, he deviated from the traditional active management model. Rather than raking in fixed fees, K...
Hedge funds are sitting on a record level of bearish bets on the stock market
Traders work on the floor of the New York Stock Exchange (NYSE), August 17, 2022. Brendan McDermid | Reuters Hedge funds are getting increasingly skeptical about this big rally that broke out in the m...
Bed Bath & Beyond surges again on Wednesday, continuing August meme rally
Pedestrians walk past a Bed Bath & Beyond Inc. store in New York. Mark Kauzlarich | Bloomberg | Getty Images The wild trading in Bed Bath & Beyond showed no signs of slowing down on Wednesday,...
Consumers are expected to have spent slightly more in July, but Prime Day may have boosted sales
People shop in a supermarket as inflation affected consumer prices in New York City, June 10, 2022. Andrew Kelly | Reuters Consumers are expected to have spent just slightly more in July, but they may...
Bed Bath & Beyond soars 70% as meme traders bet on Ryan Cohen
A Bed Bath & Beyond store is seen on June 29, 2022 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Bed Bath & Beyond shares soared on Tuesday as retail traders active on socia...
Former Deutsche Bank co-CEO Anshu Jain dies at 59
Jain Anshu, President of Cantor Fitzgerald appears on CNBC’s Squawk on the Street at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd. 2020. Gerry Miller | CNBC Anshu Jain, an In...
Stocks making biggest after hours moves: Rivian, Poshmark and more
R.J. Scaringe, Rivian’s CEO, introduces the world to his company’s R1T all-electric pickup and all-electric R1S SUV at the Los Angeles Auto Show in Los Angeles, California, November 27, 20...
Crypto demand pushes Schwab to launch new ETF despite bitcoin crash
Investors have a new way to buy cryptocurrencies. Schwab Asset Management released its Schwab Crypto Thematic ETF (STCE) this month to answer investor demand. David Botset, who was directly involved i...
Disney, Bumble, Sonos & more
Disney store is seen in Times Square, New York City. Nick Pfosi | Reuters Check out the companies making headlines after the bell Wednesday: Walt Disney — Shares of the entertainment company jumped 5...
Everything The Markets Have Wrong About GameStop (and One Thing They Have Right)
NEW YORK, NEW YORK – SEPTEMBER 16: People pass a GameStop store in lower Manhattan on September 16, … [+] 2019 in New York City. GameStop has announced that they will be closing between 18...
Novavax, GoodRx, Allbirds and more
Take a look at some of the biggest movers in the premarket: Novavax (NVAX) – The drugmaker’s stock plummeted 32.3% in the premarket after posting an unexpected quarterly loss and cutting its ful...
Wage inflation, used car prices could jump higher: Jim Bianco
Washington’s efforts to curb inflation will fall short particularly this year, according to market forecaster Jim Bianco. And, he believes this week’s key inflation data will help prove it...
This play may help investors avoid dramatic lows
It’s a class of exchange-traded funds designed to prevent your portfolio from hitting dramatic lows — but it may require a level of sophistication. The idea: Incorporate short-term levered plays...
Berkshire Hathaway BRK earnings Q2 2022
An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S...
Here’s where the jobs are for July 2022 — in one chart
Zoom In IconArrows pointing outwards Bureau of Labor Statistics The U.S. economy added many more jobs than expected last month, and there was an appetite for workers particularly in the service sector...
What this ‘play the recovery’ strategy says about hot bond demand
A recent trend in the exchange-traded funds market suggests bond demand is far from cooling. Corporate, government and high-yield bond ETFs saw inflows last month after lower bond prices and higher yi...
DoorDash, Beyond Meat, AMC & more
A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020. Carlo Allegri | Reuters Check out the companies making headlines after the bell: DoorDash — S...
Here are both sides of the argument on why a recession is debatable
If you’re unsure if the U.S. economy is in a recession, you’re not alone. Gross domestic product has declined in back-to-back quarters this year, which is a common signal to market watcher...
Coinbase shares soar in boost from meme traders, BlackRock crypto deal
The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. Shannon Staple...