Text size September lived up to its reputation as the toughest time of year for stock investors. Michael Nagle/Bloomberg The outlook for the market is hazy at best and there are no meatballs involved. Questions about the strength of the economy, what the Federal Reserve plans to do and even the path of corporate earnings… Read More »
Text size September lived up to its reputation as the toughest time of year for stock investors. Michael Nagle/Bloomberg The outlook for the market is hazy at best and there are no meatballs involved. Questions about the strength of the economy, what the Federal Reserve plans to do and even the path of corporate earnings… Read More »
Not long ago, the Naked Cowboy was tasked with promoting an NFT. Remember those? Spencer Platt/Getty Images Text size Where have all these weirdos gone? Not even two years ago, in a cover story on the state of finance, I opened with a cowboy in his underwear serenading a Times Square duo in matching onesies… Read More »
Text size The Rabbit Fire in California this summer. David Swanson/Getty Images California regulators are making reforms to the state’s insurance system as companies flee amid growing climate risks for which they say they are not adequately compensated. First, some context. Property insurers are feeling growing financial pressure: California’s drier, hotter weather has caused more… Read More »
Text size Federal Reserve Chair Jerome Powell said the central bank would proceed cautiously in raising rates. Chen Mengtong/China News Service/VCG/Getty Images) We go back to the future for interest rates. The benchmark 10-year Treasury yield briefly topped the 4.5% level last week, which was widely seen as the highest level since 2007. That makes… Read More »
Utility stocks, a popular haven for dividend investors, have lost some steam this year as investors have focused on technology stocks and other faster-growing parts of the market. Utilities aren’t the only ones. The relative strength of a basket of defensive stocks, including consumer staples, utilities and healthcare, versus a basket of all other sectors… Read More »
Text size Tesla will report third-quarter delivery data on October 2 Liesa Johannssen/Bloomberg The third quarter is almost over and Tesla There are about two weeks left until the quarterly delivery report. That means it’s time for Wall Street analysts to sharpen their pencils and fix the numbers. The direction of their delivery estimates will… Read More »
Text size Among the top 20 most heavily shorted transportation stocks, Tesla represents nearly 60% of the capital committed by short sellers. Brent Lewin/Bloomberg The UAW is asking for it Ford engine and the other two automakers with roots in Detroit for big pay raises and a four-day work week. The demands threaten to upend… Read More »
Text size Arm began trading today on the Nasdaq under the symbol ARM. Chris Ratcliffe/Bloomberg Arm holds he came out of the gate swinging. Shares opened at $56.10 Thursday afternoon and continued to climb. The opening price is 10% higher than the U.K.-based company’s initial public offering price of $51 per share, which was at… Read More »
Text size Apple shares fell 1.7% on Tuesday following the company’s product launch event. (Photo by Eric Thayer/Getty Images) Apple ‘S The long-awaited launch of the iPhone 15 has left investors disappointed, and Wall Street doesn’t seem thrilled either. The world’s most valuable company unveiled its new iPhone models on Tuesday, and things went pretty… Read More »
