[ad_1] Shares of Tesla Inc. suffered their longest losing streak since the start of the COVID pandemic, after Wedbush analyst Dan Ives slashed his price target by 30%, citing “demand…
[ad_1] Gold prices settled higher Friday ahead of a long holiday weekend, as the latest U.S. inflation data showed signs of cooling, but not enough to quell expectations the Federal…
[ad_1] The numbers: U.S. new home sales rose 5.8% to a seasonally-adjusted rate of 640,000 in November, from a revised 605,000 in the prior month, the Commerce Department reported Friday.…
[ad_1] The numbers: A key gauge of U.S. prices rose just 0.1% in November, marking the fifth month in a row in which inflation eased after peaking at a…
[ad_1] “‘I’m leaning short on the equity markets right now because I think the upside/downside just doesn’t make sense to me when I have so many…central banks telling me what…
[ad_1] The numbers: The U.S. leading index fell a sharp 1% in November, extending a downturn that began last spring and points to a weakening economy. Economists polled by The Wall…
[ad_1] Gold prices settled flat on Wednesday as a rally in precious metals appeared to pause after recording solid gains in the previous session. Price action Gold prices for February…
[ad_1] The numbers: A survey of consumer confidence jumped to an eight-month high of 108.3 in December, reflecting fewer worries about inflation and more optimism about jobs and the economy.…
[ad_1] U.S. stock futures advanced on Wednesday, with Wall Street poised to build on its climb out of a four-straight losing hole as the long Christmas weekend nears. Well-received results…
[ad_1] BlackRock, the world’s largest asset manager, has been making a case that U.S. stocks look “cheap” heading into 2023, even if equities might still need to find a bottom…
[ad_1] A set of new retirement measures commonly known as the Secure Act 2.0 was included in the omnibus appropriations measure before Congress, setting the stage for people to save…
[ad_1] TOKYO — The Bank of Japan made a surprise decision to let a benchmark interest rate rise to 0.5% from 0.25%, pushing the yen higher and ending a long…
[ad_1] The risk of a recession is nothing to brush off. That’s according to Mark Zandi, the chief economist at Moody’s Analytics, who said in a Twitter thread Sunday that…
[ad_1] Longer-term bond yields rose on Monday, but remain near 3-month lows as investors continue to fret about a global economic slowdown. What’s happening The yield on the 2-year Treasury…
[ad_1] The numbers: Mortgage rates continue to inch downwards, providing some relief to prospective homeowners. The 30-year fixed-rate mortgage averaged 6.31% as of Dec. 15, according to data released by…
[ad_1] A majority of voters think the economy will be in worse shape in 2023 than it is now and roughly two-thirds say the nation’s economic trajectory is headed in…
[ad_1] Employers and self-employed individuals have two weeks to pay up on Social Security tax payments if they deferred them earlier in the pandemic, according to an Internal Revenue Service…
[ad_1] U.S. stock futures pointed to sharp losses at the start of trading for Wall Street on Friday, amid investor expectations that central banks will continue to raise interest rates…
[ad_1] The eurozone economy swung to a trade deficit in October compared with a year earlier, driven by higher prices of the energy it imports, data from the European Union’s…
[ad_1] U.K. retail sales decreased in November, adding to evidence of weak consumer spending midway through the fourth quarter as high inflation and rising interest rates hit households’ incomes. Retail…
[ad_1] Investors flocked to the safety of U.S. government debt on Thursday, sending yields down across the board, after weak U.S. data reinforced the prospects of a 2023 recession. What’s…
[ad_1] The European Central Bank delivered a half-point rate increase Thursday, slowing the speed of its monetary tightening after a pair of larger rate moves. But policy makers emphasized that…
[ad_1] Oil futures settled higher on Wednesday, buoyed after the International Energy Agency raised its forecast for demand growth in the year ahead, as traders digested news of a significant…
[ad_1] Investors have been anxiously awaiting the Federal Reserve’s policy decision due Wednesday afternoon as softer inflation data fuels expectations of a more moderate approach from the central bank on…
[ad_1] Food inflation slowed in November. Food prices rose 10.6% last month compared with a year ago, down from 10.9% in October, according to government data released Tuesday. Grocery prices,…
Tesla stock suffers longest losing streak since March 2020 after Wedbush slashes price target by 30%
[ad_1] Shares of Tesla Inc. suffered their longest losing streak since the start of the COVID pandemic, after Wedbush analyst Dan Ives slashed his price target by 30%, citing “demand…
Gold ends the week above $1,800 level as U.S. inflation data shows signs of cooling
[ad_1] Gold prices settled higher Friday ahead of a long holiday weekend, as the latest U.S. inflation data showed signs of cooling, but not enough to quell expectations the Federal…
U.S. new home sales rose in November by 5.8%
[ad_1] The numbers: U.S. new home sales rose 5.8% to a seasonally-adjusted rate of 640,000 in November, from a revised 605,000 in the prior month, the Commerce Department reported Friday.…
High U.S. inflation is on the wane, PCE price gauge shows
[ad_1] The numbers: A key gauge of U.S. prices rose just 0.1% in November, marking the fifth month in a row in which inflation eased after peaking at a…
Why billionaire investor David Tepper is ‘leaning short’ on the stock market right now
[ad_1] “‘I’m leaning short on the equity markets right now because I think the upside/downside just doesn’t make sense to me when I have so many…central banks telling me what…
Leading indicators point to slowing U.S. economy and recession in 2023
[ad_1] The numbers: The U.S. leading index fell a sharp 1% in November, extending a downturn that began last spring and points to a weakening economy. Economists polled by The Wall…
Gold settles flat after powerful advance as consumer confidence rises to highest since April
[ad_1] Gold prices settled flat on Wednesday as a rally in precious metals appeared to pause after recording solid gains in the previous session. Price action Gold prices for February…
Consumer confidence hits 8-month high as worries about inflation and recession fade
[ad_1] The numbers: A survey of consumer confidence jumped to an eight-month high of 108.3 in December, reflecting fewer worries about inflation and more optimism about jobs and the economy.…
Dow futures climb over 200 points after Wall Street snaps a losing run
[ad_1] U.S. stock futures advanced on Wednesday, with Wall Street poised to build on its climb out of a four-straight losing hole as the long Christmas weekend nears. Well-received results…
Are stocks cheap enough to buy? BlackRock says they are after a brutal 2022
[ad_1] BlackRock, the world’s largest asset manager, has been making a case that U.S. stocks look “cheap” heading into 2023, even if equities might still need to find a bottom…
Secure 2.0 retirement measures included in omnibus spending package
[ad_1] A set of new retirement measures commonly known as the Secure Act 2.0 was included in the omnibus appropriations measure before Congress, setting the stage for people to save…
Yen surges as Bank of Japan surprises by letting benchmark rate rise
[ad_1] TOKYO — The Bank of Japan made a surprise decision to let a benchmark interest rate rise to 0.5% from 0.25%, pushing the yen higher and ending a long…
A downturn would hit low-income people the hardest, says Moody’s Zandi
[ad_1] The risk of a recession is nothing to brush off. That’s according to Mark Zandi, the chief economist at Moody’s Analytics, who said in a Twitter thread Sunday that…
Benchmark Treasury yields firm but near recent lows on slowdown fears.
[ad_1] Longer-term bond yields rose on Monday, but remain near 3-month lows as investors continue to fret about a global economic slowdown. What’s happening The yield on the 2-year Treasury…
‘Good news for the housing market’: Mortgage rates edge downwards, providing relief to potential buyers
[ad_1] The numbers: Mortgage rates continue to inch downwards, providing some relief to prospective homeowners. The 30-year fixed-rate mortgage averaged 6.31% as of Dec. 15, according to data released by…
‘Inflation is a major strain.’ Americans see weaker economy in ’23: WSJ poll
[ad_1] A majority of voters think the economy will be in worse shape in 2023 than it is now and roughly two-thirds say the nation’s economic trajectory is headed in…
Attention businesses and gig workers: deadline on pandemic tax break is soon
[ad_1] Employers and self-employed individuals have two weeks to pay up on Social Security tax payments if they deferred them earlier in the pandemic, according to an Internal Revenue Service…
Dow futures drop 300 points on investor angst over expected aggressive central bank action into 2023
[ad_1] U.S. stock futures pointed to sharp losses at the start of trading for Wall Street on Friday, amid investor expectations that central banks will continue to raise interest rates…
Eurozone swung to trade deficit in October on higher energy imports bill
[ad_1] The eurozone economy swung to a trade deficit in October compared with a year earlier, driven by higher prices of the energy it imports, data from the European Union’s…
U.K. retail sales fell in November, missing expectations for an increase
[ad_1] U.K. retail sales decreased in November, adding to evidence of weak consumer spending midway through the fourth quarter as high inflation and rising interest rates hit households’ incomes. Retail…
Flight-to-safety trade sends 10- and 30-year Treasury yields to one-week lows
[ad_1] Investors flocked to the safety of U.S. government debt on Thursday, sending yields down across the board, after weak U.S. data reinforced the prospects of a 2023 recession. What’s…
ECB slows rate hikes, but signals it’s far from done
[ad_1] The European Central Bank delivered a half-point rate increase Thursday, slowing the speed of its monetary tightening after a pair of larger rate moves. But policy makers emphasized that…
Stronger demand outlook lifts oil, as traders digest a hefty U.S. supply climb and Fed policy decision
[ad_1] Oil futures settled higher on Wednesday, buoyed after the International Energy Agency raised its forecast for demand growth in the year ahead, as traders digested news of a significant…
How Fed’s interest-rate decision and dot plot would affect stock market
[ad_1] Investors have been anxiously awaiting the Federal Reserve’s policy decision due Wednesday afternoon as softer inflation data fuels expectations of a more moderate approach from the central bank on…
The rise in food prices in November slowed from the 40-year-high in August
[ad_1] Food inflation slowed in November. Food prices rose 10.6% last month compared with a year ago, down from 10.9% in October, according to government data released Tuesday. Grocery prices,…