Topline Cruise stocks tanked on Wednesday after yet another major Wall Street firm warned that weak demand and higher costs could sink industry profits and lead to another demand shock, with Morgan Stanley cautioning that Carnival shares could lose all of their value if the economy falls into a recession. Carnival’s stock is down nearly…
Topline Stocks have struggled for direction since falling into a bear market earlier this month amid looming recession fears, but history shows that the market’s rapid pace of decline this year could actually be a positive sign—with stocks set to rebound if the broader economy avoids a downturn. The current bear market is “light relative…
Topline Stocks fell for a second day in a row on Tuesday as markets failed to build on last week’s strong rebound from 2022 lows, with investors once again selling off shares amid looming recession fears and new economic data showing that consumer confidence plunged to a 16-month low. Despite a strong rally last week,…
NEW YORK, NY – FEBRUARY 25: Traders work through the closing minutes of trading Tuesday on the New … [+] York Stock Exchange floor on February 25, 2020 in New York City. Fueled by deepening concerns of the Coronavirus becoming a global pandemic, the stock market plunged Tuesday, with the Dow Jones Industrial Average losing…
Topline The Federal Reserve’s “heightened sensitivity” to rising inflation expectations could be triggered by a barrage of political ad campaigns that are expected to highlight surging consumer prices ahead of the midterm elections in November, analysts at Goldman Sachs warned on Friday, adding that the central bank may feel “compelled” to keep hiking rates aggressively.…
Topline The stock market rebounded strongly on Friday, posting its first positive week this month as recession fears subsided somewhat thanks to positive economic data suggesting that inflation may have peaked, while some experts expressed optimism about the health of the economy. “It seems Wall Street is starting to believe that even if the economy…
Joyous New York Stock Exchange trader (Photo by Johannes EISELE / AFP) AFP via Getty Images Indicators of a coming bull market launch are everywhere – both traditional signals and unique developments. They are a remarkable combination, and July is an excellent month for the next stock bull market to launch. Traditional contrarian signals Negative…
Topline With oil prices down this month, billionaire investor Warren Buffett is once again buying the dip by adding to one of his favorite energy stocks, as his investing conglomerate Berkshire Hathaway purchased roughly $500 million worth of Occidental Petroleum shares this week. The famed investor now owns nearly one fifth of the energy giant.…
Topline Federal Reserve Chairman Jerome Powell pledged in testimony before Congress on Wednesday that the central bank is “moving expeditiously” to raise interest rates and remains “strongly committed” to doing so until there is “compelling evidence” that inflation is normalizing. “We are strongly committed to bringing inflation back down,” Powell told Congress. Jacquelyn Martin/ASSOCIATED PRESS…
Topline Stocks rose slightly on Wednesday despite a growing number of major Wall Street firms warning that the likelihood of a recession has risen sharply, with markets getting a boost after Federal Reserve Chair Jerome Powell pledged that the central bank is “strongly committed” to raising rates until inflation moderates. Growing recession fears have continued…