Tag Archives: Rise

The World Bank warned Tuesday that the global economy faces the risk of dreaded “stagflation,” with this combination of high inflation and low growth tipping some countries into recession. “The war in Ukraine, lockdowns in China, supply-chain disruptions, and the risk of stagflation are hammering growth. For many countries, recession will be hard to avoid,” said World Bank President David Malpass. In its updated Global Economic Prospects report, the World Bank slashed its forecast for… Source link

It’s been a great week for the portfolio. Ahead of the long holiday weekend, I know the buzz centers on Nvidia (NVDA) and how this great $465 billion company signaled a sea change when it reported a solid quarter, cut guidance — and shares rallied. That was directly contrary to the pattern before it. I am not so sure of the direction here when it comes to technology stocks. I believe that if your company caters to the enterprise, a la Club holding Marvell Technology (MRVL), the process is… Source link

U.S. stocks rose on Friday, setting the major indexes on track to end a weeks-long losing streak after a string of more upbeat corporate results at least temporarily offset fears of a steep economic slide. The S&P 500 gained. The blue-chip index headed for a 4% weekly advance as of Thursday’s close, which if maintained, would mark its largest since mid-March. The S&P 500 had fallen for the seven consecutive weeks prior in its longest losing streak since 2000. The Dow Jones Industrial Average… Source link

U.S. stock futures rose Monday morning, with equities coming off a seven-week losing streak on more solid footing as investors shook off some recent volatility and digested fresh trade-related remarks from the Biden administration. Contracts on the S&P 500 gained more than 1% in early trading. The index had closed out Friday’s session flat on the day but down 18.7% from its Jan. 5 record closing high to come within striking distance of a bear market, defined once an index closes at least 20%… Source link

U.S. stocks rose on Friday, though the major indexes still headed for steep weekly losses as concerns over the resilience of corporate profits in the face of inflation resurged this week. The S&P 500 advanced by about 0.8% just after the opening bell, following equities in Asia and Europe higher after China’s central bank unexpectedly cut a benchmark interest rate to offer some relief to borrowers in the country still grappling with a widespread COVID-19 outbreak. The Dow rose by more than 150… Source link

U.S. stock futures opened higher Tuesday afternoon after rallying during the regular trading day, as investors took in reassurances from Federal Reserve Chair Jerome Powell that the central bank was set on using its policies to bring down inflation still running at multi-decade highs. Contracts on the S&P 500 edged higher. The blue-chip index ended Tuesday’s regular trading day higher by 2% to settle at at 4,088.85. Technology and growth stocks that had been beaten down over the past month… Source link

U.S. stock futures gained Friday morning, though the major indexes are still headed for losses for the week after concerns over persistent inflation and the resilience of the U.S. economy stirred up further volatility in recent sessions. Contracts on the S&P 500 and Nasdaq rose more than 1%, and Dow futures added more than 200 points during the pre-market sessions. The sharp move higher came after Federal Reserve Chair Jerome Powell reaffirmed in an interview with Marketplace public radio on… Source link

U.S. job growth remained robust in April as the unemployment rate held near its pre-virus low, further underscoring the still-tight domestic labor market. The Labor Department released its monthly jobs report for April Friday morning at 8:30 a.m. ET. Here were the main metrics from the print, compared with consensus data compiled by Bloomberg: Non-farm payrolls: +428,000 vs. +380,000 expected and a revised +428,000 in March Unemployment rate: 3.6% vs. 3.5% expected, 3.6% in March Average hourly… Source link

Stocks headed for losses in the first session of May following one of the worst monthly performances for the S&P 500 since the depths of the pandemic in 2020. Contracts on the S&P 500 turned lower, erasing overnight gains. Dow and Nasdaq futures also dipped into the red ahead of the opening bell. U.S. crude oil prices fell to hover above $101 per barrel, and the benchmark 10-year Treasury yield held above 2.9%, or near its highest level since December 2018. Investors this week are bracing for… Source link

Unions are coming back and it’s pretty obvious, (to most of us), why. The numbers are pretty small, but because the organizing has been at companies like Starbucks (SBUX), Amazon (AMZN), Google (GOOG, GOOGL), Activision Blizzard (ATVI), Etsy (ETSY) and even Apple (AAPL), the optics and implications are huge. “Starbucks was a company that everybody thought could not be organized. Amazon was a place people thought you didn’t even try to organize; digital media workers didn’t organize,”… Source link