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Tag: Economic news

Business

Dow drops more than 600 points, posts worst day of the year after weak economic data, Fed hawkish comments erase inflation cheer

Daineby DaineJanuary 18, 20230

US stock indexes closed sharply lower on Wednesday, with the Dow Jones Industrial Average and the S&P 500 index posting their worst day in more …

Technology

Dow drops 350 points after data suggests economic growth is slowing

Daineby DaineJanuary 18, 20230

US stock indexes were trading lower on Wednesday after data showed retail sales fell in December, although wholesale inflation also eased, allowing bond yields to …

Technology

7 Stocks for a “Hard Landing” Recession, According to Goldman

Daineby DaineJanuary 18, 20230

Text size Goldman Sachs strategists see Kroger, Pfizer, Costco and four other defensive stocks likely to outperform the broader market in a deep recession. Time …

Technology

What JPMorgan and other banking giants are saying about a possible recession

Daineby DaineJanuary 17, 20230

America’s banking giants are examining their economic crystal balls, and not everyone likes what they see. JP Morgan , Bank of America , and other …

Technology

Netflix, Goldman Sachs, United Airlines, Morgan Stanley and more to watch this week

Daineby DaineJanuary 16, 20230

Text size The stock and bond markets will be closed on Monday for Martin Luther King Jr. Day. It will be a busy week of …

Technology

The stock market is in tears. Don’t ignore the debt ceiling.

Daineby DaineJanuary 16, 20230

Text size Treasury Secretary Janet Yellen warned Congress that the US would reach its debt ceiling next Thursday. Brendan Smialowski/AFP/Getty Images It’s always fun until …

Technology

Netflix, Goldman Sachs, United Airlines, Morgan Stanley and more stocks for investors to watch this week

Daineby DaineJanuary 16, 20230

Text size The stock and bond markets will be closed on Monday for Martin Luther King Jr. Day. It will be a busy week of …

Business

Inflation isn’t the stock market’s biggest problem right now. Deflation is.

Daineby DaineJanuary 15, 20230

Text size Tesla cut prices on some of its vehicles by up to 20% last week as inventory piled up and order rates fell. Brandon …

Business

Caterpillar shares rise to fourth straight high after BofA analyst becomes Wall Street’s top bull

Daineby DaineJanuary 15, 20230

Shares of Caterpillar Inc. rose on Friday to a record fourth consecutive close, after BofA Securities analyst Michael Feniger turned bullish on his belief that …

Technology

Caterpillar shares rise to fourth straight high after BofA analyst becomes Wall Street’s top bull

Daineby DaineJanuary 15, 20230

Shares of Caterpillar Inc. rose on Friday to a record fourth consecutive close, after BofA Securities analyst Michael Feniger turned bullish on his belief that …

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