The signing Tuesday of the Inflation Reduction Act is set to kick off a parade of action from the Biden administration and other Democrats to sell the bill to the public. While some analysis shows it won’t meaningfully reduce inflation, the so-called IRA will devote hundreds of billions of dollars […]
Finance
The stock market isn’t bothered by a cratering housing market: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, August 16, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. […]
Bed Bath & Beyond stock snatches meme crown with blistering August rally
Amid the renewed retail investor interest in meme stocks, it’s Bed Bath & Beyond that has taken the crown from former heavyweights AMC and GameStop. Bed Bath & Beyond stock (BBBY) skyrocketed by nearly 70% in afternoon trading on Tuesday as Reddit traders speculated on a massive short squeeze. Shares […]
NVIDIA Announces Preliminary Financial Results for Second Quarter Fiscal 2023
NVIDIA Preliminary second quarter revenue of $6.70 billion versus outlook of $8.10 billion Shortfall versus outlook primarily driven by weaker Gaming revenue Management to discuss financial results and outlook on Aug. 24 earnings call SANTA CLARA, Calif., Aug. 08, 2022 (GLOBE NEWSWIRE) — NVIDIA (NASDAQ: NVDA) today announced selected preliminary […]
Bed Bath & Beyond, GameStop, AMC all surge as meme stock mania makes a comeback
Meme stocks are having a moment. Again. Shares of Bed, Bath & Beyond (BBBY), GameStop (GME), and AMC (AMC) all surged on no news to start the week, with renewed attention on these names from the traders on Reddit’s Wallstreetbets message board investors came to know in early 2021 the […]
Inflation Reduction Act, Biden’s approval, Wyoming primary: This week in politics
Lawmakers are racing toward the August recess, as President Biden prepares to sign a bill Tuesday that invests nearly $52 billion into the semiconductor chip manufacturing sector. Meanwhile, the House is expected to vote this week on a roughly $430 billion spending package aimed to improve health care, address climate change, […]
Cathie Wood insists we’re in recession and says the Fed will cut rates in ’23
A recession is commonly — but unofficially — defined as two consecutive quarters of decline in real GDP. But this unofficial marker is how ARK Invest CEO Cathie Wood judges the health of the economy. “We believe we are in a recession — two consecutive quarters of GDP declines is […]
Here’s what would happen to markets and the economy if China attacked Taiwan
Russia’s invasion of Ukraine this year has roiled global energy markets and caused food shortages in some parts of the world. The disruptions could intensify during the winter, with soaring energy costs causing a recession in Europe and weakening the economies of the United States and many other nations. A […]
Stocks cap session muted amid busy week of inflation data
U.S. stocks closed near flat on Monday after giving up earlier gains as investors approached the final stretch of earnings season and braced for a busy week of inflation data. The S&P 500 teetered into negative territory, capping the session down 0.1% after the benchmark index logged three straight weeks […]
10 reasons to be bullish on stocks right now, according to JP Morgan
Inflation remains frustratingly elevated. Recession talk still dominates Wall Street despite a surprisingly strong July jobs report. And second quarter earnings season has been anything but great. But all that’s not stopping top JP Morgan strategist Mislav Matejka from being bullish on stocks. “We believe that risk reward for equities […]
What to know this week
A series of inflation reports due out this week could propel or break the market’s summer momentum. Investors will get the latest gauge of how quickly prices are rising across the U.S. economy from three releases on tap in the coming days: PPI, CPI, and unit labor costs. The readings […]
‘Financial monsters’: China’s bad banks complicate property crisis
To contain the fallout from the Asian financial crisis two decades ago, Beijing set up a group of bad banks and packed them with the country’s most toxic debts. But with deepening distress in China’s property sector threatening to spark wider economic turmoil, those bad banks are now struggling to […]
The real reason the U.S. supply chain is still overloaded
As peak shipping season kicks off, America’s busiest ports are once again experiencing congestion and container vessels waiting off U.S. coastlines. Some experts are calling it “the Disneyland effect.” “If you go to Disneyland or Disney World and use the app and it tells you how long it takes to […]
The Inflation Reduction Act ‘could be the most impactful climate legislation of our lifetimes’: SunRun CEO
The Senate passed the Inflation Reduction Act on Sunday, and the legislation is being hailed by the CEO of a residential solar power provider as perhaps the most important climate bill in modern times. “We’re sitting on the precipice of what could be the most impactful climate legislation of our […]
Bond markets complicate Fed moves after blowout jobs report
Bond yields ripped higher after new employment data showed the U.S. economy adding a breakneck 528,000 jobs in the month of July. Emily Roland, co-chief investment strategist at John Hancock Investment Management, told Yahoo Finance the strong July jobs report shows that the economy is “not there yet” when it […]
Have the markets bottomed, and is it safe to buy? Experts weigh in
A recession? Don’t tell that to the stock market. The major averages ended positive for the week. That came after the best month for the S&P 500 (^GSPC) since November 2020. Granted, the Nasdaq Composite (^IXIC) is still 20% down year-to-date, and the S&P 500 is 13% in the red. […]
Forbrukslån – What are Personal Loans and why use loan calculators?
We are just ordinary individuals that’s why our needs are very common but we can’t easily get what we want to have because our financial resources are limited and this is the reason why we rely on creditors. We already have in mind the amount that we would like to […]
Traditional Banking vs Banking as a Service
Banking-as-a-Service (BaaS) is the most recent in a long line of technology-enabled initiatives aimed at saving traditional banking, particularly smaller banks and credit unions. Given the pressures on small and midsize financial institutions’ margins, connecting to new consumer settings will become increasingly important in the future. While traditional financial services […]
How to Get into Currencies for the First Time
Have you thought about trading currencies? Do you know what currency trading involves? If you have ever considered getting into currencies but don’t know how to go about it, then keep reading this article. Currency trading has become one of the well sought after and lucrative forms of trading in […]
Ways to earn money in stock trade
There exist more than one way to earn a lot of money in stock trading, although you have to be willing to pursue a long-term trade all the times, both the good, bad and ugly times. The way to earn a lot of money in stock trading is that you […]