Stocks’ summer rally may mean the worst of the bear market is over, but even so, strategists who watch charts say another big downdraft is possible in September. Some strategists, in fact, say from a technical standpoint the market could have already launched into a new bull cycle. Others disagree, saying they need more confirmation …
China’s real estate industry accounts for more than a quarter of national GDP, according to Moody’s. Pictured here is a residential complex under construction on Dec. 15, 2021, in Guizhou province. Costfoto | Future Publishing | Getty Images BEIJING — China’s real estate troubles could spill into other major sectors if the problems persist — …
Here’s where China’s real estate troubles could spill over Read More »
A Burger King restaurant seen in Milton, Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Check out the companies making the biggest moves in midday trading on Thursday: Coinbase — Shares of the cryptocurrency exchange jumped about 15% after the company announced a partnership with BlackRock, the world’s largest asset manager, that …
A worker in a protective suit cleans the floor at a subway station, after the lockdown placed to curb the coronavirus disease (COVID-19) outbreak was lifted in Shanghai, China June 2, 2022. Aly Song | Reuters BEIJING — China’s top leaders signaled Thursday that no big stimulus for economic growth was on the way, and …
China signals no big stimulus is coming, while Covid controls remain Read More »
Shipping containers are seen at a terminal inside the Port of Oakland as independent truck driver continue protesting against California’s new law known as AB5, in Oakland, California, July 21, 2022. Carlos Barria | Reuters Economists are forecasting the economy barely grew in the second quarter, and some expect that it actually contracted. The estimates …
The economy is expected to have barely grown last quarter and it may have contracted Read More »
Federal Reserve Chair Jerome Powell reacts as he testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on the “Semiannual Monetary Policy Report to the Congress”, on Capitol Hill in Washington, D.C., U.S., June 22, 2022. Elizabeth Frantz | Reuters The Federal Reserve is widely expected to raise interest rates by another three-quarters …
The Fed could surprise markets by sounding even more aggressive as economy teeters Read More »
A trader works on the floor of the New York Stock Exchange (NYSE), June 27, 2022. Brendan McDermid | Reuters There’s a head-spinning amount of news for markets to navigate in the week ahead, the biggest of which will be the Federal Reserve’s midweek meeting. The two largest U.S. companies — Microsoft and Apple — …
Check out the companies making headlines before the bell: American Express (AXP) – American Express rallied 4.5% in the premarket after beating top and bottom line estimates for the second quarter. Card members registered record spending, driven by a rebound in travel and entertainment. Verizon (VZ) – Verizon fell 4.4% in the premarket after adjusted …
Stocks making the biggest moves premarket: American Express, Verizon, Twitter and more Read More »
Gasoline prices may have peaked for the summer and are now heading toward $4 per gallon, but all bets are off if there’s a hurricane or other disruption that sends oil prices much higher or crimps fuel supplies. The national average for unleaded gasoline was $4.467 per gallon Wednesday; prices have steadily declined from a …
Gasoline prices may have peaked for the summer and could be headed below $4 Read More »
Traders on the floor of the NYSE, July 12, 2022. Source: NYSE Investors are likely to switch their focus to earnings season, after the market’s wild ride on rising and falling expectations for Federal Reserve rate hikes. Stocks were volatile in the past week. The three major indexes posted sharp gains Friday, after worries the …
