Tag Archives: worst

(Bloomberg) — The ugliest year ever for US corporate-bond investors is expected to get uglier — and they only have the Federal Reserve to blame. Most Read from Bloomberg With the central bank raising interest rates at the fastest pace in decades, nearly three quarters of those who responded to the MLIV Pulse survey said that tighter monetary policy is the biggest risk facing the corporate-debt market. Just 27% were more concerned that corporate bankruptcies will pile up over the next six… Source link

The economy is looking pretty dreadful, and that won’t make the Federal Reserve’s job any easier as it tries to engineer a soft economic landing, one top Wall Street economist warns. “I would say that the recent economic data have been central banks’ worst nightmare,” said Citi Global Chief Economist Nathan Sheets on Yahoo Finance Live (video above). “On the one hand, I would say there is very clear evidence of a slowing in global demand. And on the other hand, there is also clear evidence… Source link

The Houston Texans drafted Deshaun Watson in 2017. He missed most of his rookie season with an injury, but when he returned, the Texans won football games. They made the playoffs in 2018 and 2019, and even won a playoff game against the Buffalo Bills. With a young quarterback at the controls, it looked like the Texans were set up to be a consistently good team in the AFC for years to come. Things changed quickly. They basically gave away an elite wide receiver in DeAndre Hopkins. They won… Source link

The MLB All-Star break didn’t seem to fix the Boston Red Sox’s problems. Boston lost by 23 runs to the Toronto Blue Jays on Friday in one of the biggest blowouts in MLB history. That’s bad on its own, but the loss is even worse when grouped with the Red Sox’s two previous losses to the New York Yankees where Boston lost by a combined 24 runs six days before the Blue Jays game. The Red Sox’s -47 run differential over that three-game stretch is the worst by any MLB team since 1900, according to Source link

Frank Schwab and the folks over at Yahoo! are writing up offseason power rankings and in-depth previews of each NFL team. Today was the Pittsburgh Steelers’ day with the site ranking them 22nd overall in the league, a year removed from a 9-7-1 season that saw a quick playoff exit to the Kansas City Chiefs. Schwab’s preview of the team is largely just a recap of what the team has done and doesn’t break any new ground or offer any unique insight. But he was an overall fan of the… Source link

(Bloomberg) — A “recession shock” begins for markets following the worst first-half for the S&P 500 in more than 50 years, Bank of America Corp.’s Chief Investment Strategist Michael Hartnett says. Most Read from Bloomberg While expectations of aggressive rate hikes by the Federal Reserve are peaking, inflation expectations are not, and Bofa’s bull and bear indicator remains at “maximum bearish” for a third week in a row, Hartnett wrote in a note. Both stocks and bonds were rocked… 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 Thursday, June 30, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. The Nasdaq (^IXIC) and Russell 2000 (^RUT) are having their worst year ever. The Dow Jones Industrial Average (^DJI) is off to its worst start since 1962. And you’d have to travel back to 1970 for a… Source link

The Nexus Q was such a misguided product that Google decided to pull the plug before the device was ever released to consumers. Ten years to the day after its introduction at I/O 2012, the $299 media player positioned as a “social streaming device” remains a unique debacle in Google’s hardware story. Say what you will about Google Glass, but the company’s first foray into wearable tech at least got people talking. The Nexus Q, in contrast, was an example of what can happen when a… Source link

The week ahead will bring to an end the second quarter and the first half of what has been a challenging 2022 for investors. Several key economic reports, including core PCE inflation – the Federal Reserve’s preferred measure of consumer prices – are on tap, along with earnings from Nike (NKE), Jefferies (JEF), Micron Technology (MU), and Bed Bath & Beyond (BBBY). The S&P 500 rose by more than 3% on Friday and gained over 6% for the week, its second-best week this year and its first weekly… Source link

U.S. stocks rose Tuesday as traders returned from a long weekend, with equities recouping some losses following the S&P 500’s worst week since March 2020. The S&P 500 advanced by 2.45% in its best day in three weeks, ending at 3,764.84 and recovering some declines after plunging by 5.8% last week. The Nasdaq Composite gained 2.5% to end at 11,069.30, and the Dow added more than 643 points, or 2.2%, to end at 30,531.77 and post its best single-day gain since May 4. Bitcoin (BTC-USD) rose back… Source link