Tag Archives: Wall

For months, federal regulators have increased pressure on Beijing and Chinese companies that trade on U.S. stock exchanges to comply with American listing rules. But on Friday, five of China’s biggest U.S.-listed, state-owned giants, valued at a collective $318 billion, announced they would exit Wall Street instead, marking an acceleration in the U.S.-China financial decoupling. State insurer China Life Insurance, energy behemoths PetroChina and China Petroleum & Chemical Corporation,… Source link

The July jobs report was so out-of-the-blue hot on Friday — coming in at more than double expectations — that it may spur the Federal Reserve to be way more aggressive on interest rate hikes than market goers thought just one day earlier. If so, would that set the table for a potential swift downdraft in stocks? “I think it does at the S&P level for the index,” Wall Street’s biggest bear strategist Mike Wilson of Morgan Stanley told Yahoo Finance (video above) when asked if on if the jobs… Source link

Tech stocks have gotten some of their mojo back — at least for now. Some of the beaten down tech-related names have rebounded since the market’s most recent bottom on June 16. In our series “What to do in a bear market,“ Yahoo Finance examines Wall Street analysts’ recommendations on tech related holdings — against a backdrop of a slowing economy and the Federal Reserve’s moves to bring down inflation. On Wednesday, the central bank announced a 75 basis point rate hike. Fed Chairman Jerome… Source link

The year has been grueling to those holding almost every type of stock. The S&P 500 (^GSPC) is down 16% year-to-date. The Nasdaq (^IXIC) is down 24% during that same period. Even the energy sector (XLE) — the only one positive year-to-date — has seen some of its gains evaporate recently. In a new Yahoo Finance series, we’re looking at some of the strategies experts recommend for how to navigate a bear market. To kick things off, we asked them what they think investors should do in an… Source link

Britta Pedersen/Getty Images; Twitter; Rachel Mendelson/Insider Elon Musk’s decision to kill the $44 billion Twitter deal means banks could lose a “nine-figure” payday. Musk’s and Twitter’s financial advisors could pocket up to $192 million if the deal closes. The billionaire faces an uphill battle to call off the deal as he has to prove there’s been a material adverse effect on the transaction. Elon Musk’s ‘will-he-won’t-he’ dance to buy Twitter took a turn on Friday after the billionaire said… 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 Friday, July 8, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. One of the biggest bulls on Wall Street has finally pared back their optimism for the rest of this year. In a note to clients published Thursday, Oppenheimer Asset Management Chief Investment… Source link

(Bloomberg) — Not many industry experts would shrug off a 35% drop for the S&P 500, but six-decade Wall Street veteran George Ball says a fall of that magnitude would be a normal adjustment. Most Read from Bloomberg Ball, chairman of Houston-based investment firm Sanders Morris Harris, predicts the S&P 500 will bottom at 3,100 from its all-time high of 4,796 in January. While he said the plummet will be uncomfortable, he doesn’t consider the outlook to be too grim, in part because of the… Source link

The Houston Rockets paid a healthy John Wall $44.3 million to sit on their bench last season. (Carmen Mandato/Getty Images) John Wall’s strange tenure with the Houston Rockets is coming to an end. The Rockets have agreed to a buyout of the final year of Wall’s massive contract, sources told Yahoo Sports, paving the way for the five-time All-Star to resurrect his career with a competitive team. Wall’s agent Rich Paul, CEO of Klutch Sports, is meeting with Rockets general manager Rafael Stone… Source link

BlackRock (BLK), the world’s largest asset manager, is set to expand its health care plan to cover travel expenses for U.S. employees seeking abortion services, per an internal memo obtained exclusively by Yahoo Finance. The company joins a growing docket of firms on Wall Street making similar commitments following Friday’s Supreme Court decision to overturn Roe v. Wade. “Through company-sponsored health insurance, we have long provided reproductive health care services, including coverage… Source link

While many economists agree a recession is likely coming in 2023, Wall Street veteran and Bitcoin bull Mike Novogratz has just given one of the most dire outlooks yet. “The economy is going to collapse,” Novogratz told MarketWatch on Wednesday, adding, “We are going to go into a really fast recession, and you can see that in lots of ways.” Novogratz, chief executive of crypto merchant bank Galaxy Digital, gave the interview just before the Federal Reserve raised rates by 0.75… Source link