Tag Archives: fall

“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

U.S. stocks sank lower Tuesday as traders return to Wall Street for a holiday-shortened week after Labor Day. The benchmark S&P 500 fell 0.3%, while the Dow Jones Industrial Average declined by the same margin, or about 100 points. The tech-heavy Nasdaq Composite was off by 0.5%. The moves come after three straight weeks of losses for the major averages. “The market will enter the first full week of September looking to snap a three-week losing streak as investors continued to digest the… Source link

Udonis Haslem will return for his 20th season with the Miami Heat this fall. (Michael Reaves/Getty Images) Udonis Haslem isn’t done just yet. Haslem is expected to sign a one-year deal to return to the Miami Heat for a 20th season in the near future, he announced at the final day of his basketball and cheer kids camp in South Florida. Haslem will sign a one-year, $2.8 million veteran minimum deal in the near future, per the Miami Herald. “I have decided to follow through what me and my… Source link

U.S. stocks extended losses Tuesday as investors assessed earnings and prepared for a series of key inflation reports due out later this week. The S&P 500 ticked fell 0.5%, while the Dow Jones Industrial Average ticked down about 0.1%. The tech-heavy Nasdaq tumbled 1.5% as a warnings from Micron Technology (MU) weighed on chip and technology stocks. Shares of Micron fell 5% after the memory chipmaker said its fourth-quarter revenue may come in on par with or below the bottom end of a forecast… Source link

Nearly a year ago to the day at the Tokyo Olympics, Tobi Amusan finished the women’s 100 meter hurdles medal race in arguably the worst place you can finish at a major track and field event: fourth. On Sunday during the last session of the 2022 World Athletics Championships, Amusan, a Nigerian who was an NCAA champion at Texas-El Paso, had the evening of her life. Running in the first of three semifinal heats, Amusan stunned the crowd and track fans by posting 12.12 seconds, breaking the world… Source link

Homeownership just got 5% cheaper as mortgage rates fall off a cliff U.S. mortgage rates fell sharply and for the second straight week as monetary policies meant to slow the economy take hold of the housing market. The rate on the popular 30-year fixed mortgage hasn’t fallen this much since December 2008, a new report shows. Though rates have been rising for most of this year, the recent dips provide a sliver of hope for buyers. Purchasing a home is now about 5% more affordable than it was a… Source link

There are some weird quirks baked into MLB’s lengthy rulebook, and the Washington Nationals ran into a particularly unsavory morsel on Wednesday. In the fifth inning, the Nationals were in trouble. The Pittsburgh Pirates had runners on second and third with one out and the score tied 3-3. Ke’Bryan Hayes, one of three Pirates in the lineup with a batting average above .250, was facing Steve Cishek. Then the Nationals got lucky. Hayes hit a low line drive that was caught by Nationals first… Source link

(NEXSTAR) – After more than a decade, Google is preparing to shut down its messaging platform, Google Hangouts, and to transition users to its newest service, Google Chat. Hangouts – which was originally part of Google+, according to The Verge – allows users to message others or video call them. It can be accessed via a standalone app and an online feature. Google announced changes for Hangouts users in late 2020, which included directing them to use either Fi, Google’s… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, June 28, 2022 Today’s newsletter is by Emily McCormick, a reporter for Yahoo Finance. Follow her on Twitter. The Federal Reserve is working hard to bring down inflation, raising interest rates at the fastest pace in nearly 30 years. Recently, some analysts have begun to explore the idea that inflation may moderate in the coming months. But… Source link

(Bloomberg) — The S&P 500 Index may have another 24% to fall by year-end, if the past 150 years of financial-market history are any guide. Most Read from Bloomberg That’s according to Societe Generale, which calculates the benchmark gauge may need to tumble as much as 40% from its January peak in the next six months to hit bottom. That comes out to 2,900. The upper end of the range the firm gave is for the index to slump by roughly 34% from its top, to 3,150. Societe Generale arrived at this… Source link