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

More and More People Are Falling Behind On Their Car Loans

Photo: Steve DaSilva People are falling behind on their car loans, Toyota is idling production lines, and Audi is suing NIO over copyright infringement. All that and more in The Morning Shift for June 16, 2022. 1st Gear: Surely This Bodes Well For The Economy At Large Ford’s CFO, John Lawler, said on Wednesday costs … Read more

Tesla Reported More Self-Driving Crashes Than Any Other Vehicle

Photo: Patrick Pleul (Getty Images) Federal regulators released data today painting the clearest picture yet of the state of driver-assisted technology in the US That picture includes at least half a dozen deaths. Rainn Wilson’s First Fandoms: Star Trek And D&D Between July 1, 2021 and May 15 this year, the National Highway Traffic Safety … Read more

The 2023 McLaren Artura Proves Hybrids Don’t Have to Be Scary

Photo: McLaren They’re coming fast now, one after another: Electric and hybrid performance cars, so inevitable and implacable that weary traditionalists barely bother to shake a fist or gnash their teeth. The McLaren Artura is the latest, a 671-hp, 205-mph plug-in hybrid supercar that underscores every industry recalibration and strategic recalculation: If an automaker doesn’t … Read more

What is a mild hybrid? The hybrid technology you might not even know you have

CNN Business – With gas prices passing $ 5 a gallon in many places, drivers may wish that they had a hybrid vehicle. In fact, many owners of newer vehicles could already be driving a hybrid and not even know it. Hybrid technology is finding its way into all sorts of vehicles that aren’t advertised … Read more

Strategist who nailed the recent S&P 500 top says three things are needed for a market bottom

Wariness is in order after the S&P 500’s bear-market finish and a potential 75 basis-point Fed hike just one day away. Gains for stock futures and a potential bounce are fading fast. Morgan Stanley’s Mike Wilson, who can count some wins after pounding the table this year over a gloomy stock setup, told clients on … Read more

The S&P 500 is clinging to a key support level after Friday’s meltdown, here’s what happens if that fails

Last week’s shock US inflation number continues to tear through markets, with dip buyers seemingly in hiding. Hardest hit Nasdaq-100 futures are down 3%. Investors are now focused squarely on Wednesday’s Fed outcome, with expectations the central bank may need to do something bold, driving even more anxiety out there. The aftermath of Wall Street’s … 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

Dow ends down nearly 350 points as stocks suffer weekly losses after strong May jobs report

US stocks fell sharply Friday, leaving major indexes with weekly losses, after better-than-expected May payrolls data reinforced expectations for a series of interest-rate rises by the Federal Reserve in the coming months. The technology sector led the way south as Treasury yields rose and a report that Tesla Inc. may be considering job cuts amid … Read more