Electric vehicle maker NIO has been stuck in a range of roughly 10,000 monthly deliveries for almost a year. Courtesy Nio Text size Chinese electric vehicle maker NIO offers a cautionary tale for You’re here investors. What happened to its shares could happen to You’re here ‘s if volume growth at You’re here follows a … Read more
Historically bad. That’s how the mammoth $53 trillion US fixed-income market has performed this year as the Federal Reserve works to curtail high inflation threatening to wreck the economy. To turbo charge the effort, the Fed on Wednesday fired off its biggest benchmark interest rate increase in nearly thirty years. But what does that mean … Read more
Cryptocurrency-focused hedge fund Three Arrows Capital Ltd. has hired legal and financial advisers to help work out a solution for its investors and lenders, after suffering heavy losses from a broad market selloff in digital assets, the firm’s founders said on Friday. “We have always been believers in crypto and we still are,” Kyle Davies, … Read more
With US stock markets falling into bear territory, investors should stay invested and not try to time the market. Johannes Eisele/AFP via Getty Images Text size Will the bear market inflict a bigger bite on retirees than younger investors? Not necessarily, experts say, as the duration of the average bear market is measured in months … Read more
Tesla Inc. is set up well in both the short term and the long run, according to an RBC Capital Markets analyst, who just turned bullish on the stock amid its “favorable” positioning. RBC’s Joseph Spak upgraded electric vehicle maker’s stock TSLA, -6.56% to outperform from sector perform late Sunday, writing of the company’s “more … Read more
Stocks have fallen this year in the face of rising interest rates. With inflation showing little sign of cooling, many investors fear corporate earnings could be the market’s next support to fall. The S&P 500 has dropped 18% in 2022, its worst start to a year since 1962, as the Federal Reserve embarks on a … Read more
The week ahead may all come down to what Federal Reserve Chair Jerome Powell has to say at 2:30 pm ET Wednesday. Powell briefs the press following the central bank’s two-day meeting. The Fed is widely expected to raise its fed funds target rate range by a half percentage point, but hot May inflation data … Read more
Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on May 04, 2022 in Washington, DC. Powell announced the Federal Reserve is raising interest rates by a half-percentage point to combat record high inflation. Win Mcnamee | Getty Images The week ahead may all come down to … Read more
Economists expect inflation in May continued to burn white hot, with energy, food, rent and health-care costs all rising. According to Dow Jones, economists expect the consumer price index rose 0.7%, up from 0.3% in April. On a year-over-year basis, that would work out to an 8.3% rate, the same pace as April. The ICC … Read more
Target is unlikely to be the only company with a bullseye on it during the upcoming earnings season. The retailer Tuesday warned for the second time in less than a month that its profits would take a hit from an inventory glut. The new guidance comes just days after Microsoft , in another high profile … Read more