Fed rate cuts always lead to stock-market gains — but this one thing must happen too, veteran Wall Street strategist says
It’s way too early to proclaim a Goldilocks environment, even if major asset classes are at least pointing to a better chance of it. The S&P 500 SPX has gained 5% this year, and the tech-heavy Nasdaq Composite COMP is up 8%, even with a seemingly daily stream of job-cut announcements. Stay tuned Thursday to […]
Tesla, Chevron, ServiceNow, Levi Strauss, IBM and more
A customer refuels at a Chevron gas station with prices above $4 a gallon in Seattle, Washington, U.S., on Monday, March 7, 2022.David Ryder | Bloomberg | Getty ImagesCheck out the companies making headlines after the bell.Tesla — Shares rose 0.4% in volatile trading after the electric-vehicle maker reported earnings and revenue for the fourth […]
Sunrun, U.S. Bancorp, Alphabet, AT&T and more
Shoppers shop at AT&T in the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania.Mark Makela | Getty ImagesCheck out the companies making the biggest moves midday:News Corp, Fox — News Corp rallied 5.4%, while Fox news gained more than 2%, after Rupert Murdoch called off plans to merge the two […]
Inflation is cooling, but high prices will stick around
A shopper checks out the egg section at the Publix at Winter Park Village, Tuesday, Jan. 17, 2023.Joe Burbank | Orlando Sentinel | Tribune News Service | Getty ImagesInflation may be cooling. But, for most Americans, the price of a cup of coffee or a bag of groceries hasn’t budged.In the months ahead, the big […]
GE has seen only 1 thing that warns of falling demand in 2023
That’s General Electric Co. Chief Executive Larry Culp, who said Tuesday he was only seeing one demand indicator that suggests the U.S. economy was slowing. But that indicator was enough for the company to provide a 2023 earnings estimate below Wall Street expectations. The aerospace, power and renewable energy company reported before Tuesday’s opening bell […]
Where is Monterey Park and what does the shooting mean to Asian-Americans?
The mass shooting in Monterey Park, Calif., stunned the Asian-American community. Not only because the shooting happened on Lunar New Year’s Eve, but also because it happened in Monterey Park, a predominantly Asian city that holds a special place in the Asian-American landscape. On Saturday night, a gunman opened fire at a party inside the… […]
Gold and silver boom predicted as US hits debt ceiling, dollar devalues
article FILE-Gold bullion bars are pictured after being inspected and polished at refinery in 2020. (Photo by DAVID GRAY/AFP via Getty Images) Ongoing inflationary pressures and increasing risk the federal government could default on its loans will likely see Wall Street traders rush to precious metals in 2023. The U.S. hit its $31.4 trillion […]
My mother excluded me from her will — before she died, my sibling cashed out her annuity policy, on which I was a beneficiary. Should I sue my family?
Dear Quentin, My mother recently passed away and I was written out of the will, except for a small amount. She and I had several disagreements over the past two years. This change of will occurred 15 months prior to her death, with her executors present. The remainder of her estate is being divided between […]
Crypto firms acted like banks, then collapsed like dominoes
NEW YORK (AP) — Over the past few years, a number of companies have attempted to act as the cryptocurrency equivalent of a bank, promising lucrative returns to customers who deposited their bitcoin or other digital assets. In a span of less than 12 months, nearly all of the biggest of those companies have failed […]
Bed Bath & Beyond, Verizon, Lululemon and more
A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California.Justin Sullivan | Getty ImagesCheck out the companies making headlines before the bell.Verizon — Verizon shares slipped 1.51% after the company posted mixed results for the 2022 fourth quarter. While earnings met analyst predictions, forward earnings fell short of a Refinitiv consensus […]