Tag Archives: drop

(Bloomberg) — JPMorgan Chase & Co.’s boss Jamie Dimon says the US stock market could suffer another “easy 20%” drop, which would push the benchmark index below 3,000 — a level it hasn’t seen since the depths of the coronavirus pandemic. Most Read from Bloomberg So what would another slide of that magnitude actually look like and which stocks would get hit hardest? For one thing, it would be painful for investors, with technology and so-called growth shares likely taking the brunt of… Source link

Phil Mickelson was one of 11 golfers who sued the PGA Tour for antitrust violations back in August. Before the most recent LIV Golf event at Rich Harvest Farms outside of Chicago, however, the 45-time PGA Tour winner hinted that he might be leaving the suit. “Now that LIV (Golf) is involved, it’s not necessary for me to be involved,’’ Mickelson said on September 16. “The only reason for me to stay in is (monetary) damages, which I don’t really want or need anything. I do think… Source link

By Noel Randewich (Reuters) – S&P 500 futures fell on Thursday, suggesting traders expect Wall Street to open down in its next session, after FedEx withdrew its financial forecast and added to worries about a slowing global economy. After trading resumed following a daily maintenance period, S&P 500 e-mini futures fell 0.6%. Nasdaq futures dropped 0.7%. FedEx tumbled 16% late in the day after the company said its fiscal first-quarter results were hit by global volume softness and it withdrew… Source link

Each week I’ll list the best widely available free agents for fantasy football — I define “widely available” as being owned in around half of all ESPN or Yahoo leagues — and some guys who are probably better off in the free agent pool than collecting dust on your roster. Follow me on Twitter @UTEddieBrown if you have questions throughout the week. Here’s my best bets off the waiver wire for Week 2: ADD QB Carson Wentz, Commanders (ESPN: 17%; Yahoo: 14%): Patrick Mahomes and Josh… Source link

“Fire and ice” isn’t just a show about dragons and zombies on HBO. It’s been Michael J. Wilson’s vision of the stock market throughout 2022. Wilson, the chief investment officer at Morgan Stanley, has argued that stocks are fighting a toxic combination of economic headwinds—which he calls “fire” and “ice”—that are set to keep equity prices subdued until late 2023. The stock market’s summer rally was cut short last month as investors digested a reaffirmation of the… Source link

As demand for oil weakens, gas prices are declining, with the national average falling below $4 per gallon earlier this month for the first time since March. But the pullback may be short-lived, one expert cautioned, and prices could rise again before the end of the year. “We’re in a long-term structural bull market in oil,” Schork Group principal Stephen Schork told Yahoo Finance Live (video above). “By the end of the year, I would suspect that these prices will be back in that $100… Source link

Payments company Block (SQ) announced second quarter results Thursday that showed bitcoin revenue from its Cash App product fell 34% to $1.79 billion, with the company taking a $36 million charge on its bitcoin investments. Gross profit in the quarter totaled $1.47 billion against Wall Street expectations for $1.46 billion, while adjusted earnings per share of $0.18 topped estimates for $0.16. Excluding bitcoin, total net revenue in the second quarter was $2.62 billion, up 34% year over… Source link

As inflation reaches new record-highs, more Americans are ditching their daily cup of joe — at least at big coffee chains like Dunkin’ and Starbucks (SBUX). According to new data from foot traffic analytics platform Placer.ai, coffee visits dropped below quick service restaurants for the first time all year during the month of June due to “a combination of inflation, high gas prices, and the rise in COVID cases,” the report noted. Over the past two years — as the pandemic hammered fast… Source link

Text size An analyst at Monness, Crespi, Hardt & Co. slashed his price target for the stock to $2,900 from $3,500. Noah Berger/AFP via Getty Images … Source link

(Bloomberg) — US house prices are likely to fall as mortgage rates exceeding 6% crimp affordability for the average buyer, according to Capital Economics. Most Read from Bloomberg Property prices could contract an annual 5% by the middle of next year, Matthew Pointon, senior property economist, said in a research note Monday. He’d previously projected no change in values by that time. An average household looking to buy a home for the median price will now have to put more than a quarter of… Source link