Elon Musk joins the growing chorus fearing a US recession. But there are stocks for that.

Look out above, the dip buyers are back in town. Stocks are soaring – for now – as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testing in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its fall … Read more

Elon Musk joins the growing chorus fearing a US recession. But there are stocks for that.

Look out above, the dip buyers are back in town. Stock futures are soaring – for now – as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testing in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its … Read more

From Great Resignation to Forced Resignation: Tech companies are shifting to layoffs after a huge ramp up in hiring

The Great Resignation is pivoting to a Forced Resignation. Thousands of layoffs in the tech sector, compounded by hiring freezes and a slowdown in hiring, highlight the abrupt shift in fortunes over the past several months as a result of rampant inflation, fear of stagflation and recession, supply-chain interruptions, the war in Ukraine, an ailing … Read more

Weekend reads: If you agree that inflation has peaked, buy stocks in this sector

If everyone agreed about the direction of the economy, investing would be easy. But there are mixed signals about whether the rate of inflation has peaked, at least in the US If you are among those who believe that inflation has peaked, Michael Brush recommends doing some bargain shopping for stocks in this sector. More … Read more

‘So bad, it’s good.’ This beleaguered stock market has one big asset on its side, say strategists.

A rough month for stocks is drawing to a close, and many investors likely won’t be sad to see the back of it. And the last day of April trade is looking weak as Apple and Amazon failed to raise the bar on a mixed season for tech earnings. Our call of the day comes … Read more

A chilling Russian cyber aim in Ukraine: Digital dossiers

BOSTON (AP) – Russia’s relentless digital assaults on Ukraine may have caused less damage than many anticipated. But most of its hacking is focused on a different goal that gets less attention but has chilling potential consequences: data collection. Ukrainian agencies breached on the eve of the Feb. 24 invasion include the Ministry of Internal … Read more

Dow tumbles 275 points, Nasdaq down 1.9% as Fed’s Powell signals half-point interest rate hike likely in May

US stocks fell, losing their grip on earlier gains Thursday, as bond yields rose and energy, growth and communications stocks came under pressure, despite Tesla Inc.’s banner earnings report. Federal Reserve Chairman Jerome Powell on Thursday added his support for “front-end loading” rate increases, including a potential 50 basis point hike in May. What’s happening … Read more

As Putin eyes a date to declare victory, here’s a Ukraine scenario that could slam stocks by another 10%

Stocks are set to get a major bump on Thursday, thanks to blowout results from Tesla, which go some way in easing the sting over Netflix disappointment. With earnings sharply in focus for now, market attention on the biggest war in Europe since World War II has faded some. While financial markets have moved past … Read more

Dow ends 250 points higher, while Netflix plunge slams Nasdaq

US stock indexes posted a mixed finish Wednesday, with the Dow Jones Industrial Average lifted after solid earnings, while a plunge for shares of streaming giant Netflix Inc. drags down the Nasdaq as the S&P 500 ends with a small loss. How did stocks trade? The Dow Jones Industrial Average DJIA closed with a gain … Read more