(Bloomberg) — Profits and losses aren’t usually thought of as a consideration for central banks, but rapidly mounting red ink at the Federal Reserve and many peers risks becoming more than just an accounting oddity. The bond market is enduring its worst selloff in a generation, triggered by high inflation and the aggressive interest-rate hikes […]
Read More(Bloomberg) — Tesla Inc. was one of the biggest laggards in the S&P 500 Index on Monday, and options traders are betting the stock could drop further before the weekend. A put contract with a Friday expiration and a strike price of $200 was the most-traded contract for Tesla on Monday and among the 15-most […]
Read More(Bloomberg) — Natural gas prices in the Permian Basin of West Texas are plunging toward zero as booming production overwhelms pipeline networks, creating a regional glut of the fuel. Gas in an area of the vast Permian known as Waha was trading for as little as 20 cents to 70 cents per million British thermal […]
Read MoreMarket conditions are Mildly bullish in a Bear Market as of 2022-10-21. This means traders and investors should consider trading with a Neutral or Bullish bias by buying stocks and setting tight stops. The rank of the Bear Market is -19.93 which indicates the current market conditions are Extreme, Risk of a reversal is high. […]
Read More(Bloomberg) — Bitcoin’s movements in relation to other assets may indicate that investors see it becoming a haven again, after a stretch where it’s traded basically as a risk asset, according to Bank of America Corp. The largest cryptocurrency has a 40-day correlation with gold of about 0.50, up from around zero in mid-August. While […]
Read More(Bloomberg) — The hedge fund firm formerly known as Och-Ziff “deteriorated” under the “mismanagement” of its founder Daniel Och, forcing those who succeeded him to spend years stabilizing the Wall Street firm, the company said in court filings. Och’s handling of a 2016 African bribery scandal involving the firm now rebranded as Sculptor Capital Management […]
Read More(Bloomberg) –Judging by the ominous pronouncements from Wall Street luminaries, every trader under the sun should be prepping for fresh turmoil in the world’s biggest stock market. Yet hedging for doom and gloom is falling out of fashion fast, thanks to a historic equity rout that’s already erased $13 trillion in market value this year […]
Read More(Bloomberg) — For bond traders, the upward drift of Treasury yields hasn’t been that hard to predict. It’s the short-term swings that are vexing. The world’s largest bond market is being whipsawed by its longest stretch of sustained volatility since the onset of the financial crisis in 2007, marking a stark break with the stability […]
Read More(Bloomberg) — Another week of gloom on the inflation and central bank fronts turned into a positive one for the equity faithful. Shares surged the most in four months as evidence built that active fund managers are getting worried about missing a winter rally. It’s an old investment saw that cuts surprisingly well: the idea […]
Read MoreIf you don’t use the account properly, you might not save enough or could pay unnecessary fees and penalties. / Credit: Getty Images Having enough money in retirement often requires decades of careful planning, saving and investing. For many Americans, retirement planning runs through their employers via 401(k) plans. These vehicles enable employees to direct […]
Read MoreFILE – This is a home in Mount Lebanon, Pa., under contract, Oct. 17, 2022. Sales of previously occupied U.S. homes fell in September for the eighth month in a row, though the decline was the most modest yet since the housing market began to cool amid sharply higher mortgage rates. (AP Photo/Gene J. Puskar, […]
Read More(Bloomberg) — The largest US banks are warning of trouble ahead in auto loans as dropping prices for used cars risk leaving borrowers underwater. Wells Fargo & Co. said that higher loss rates for loans it originated late last year contributed to an increase in write-offs for the period. Ally Financial Inc., the country’s second-largest […]
Read More(Bloomberg) — Stocks of hospital operators are falling harder than the broader market on Friday after earnings reports from Tenet Healthcare Corp. and industry-giant HCA Healthcare Inc. underwhelmed investors. Tenet plunged by as much as 29%, the most intraday since November 2008, after its net operating revenue guidance for the year was trimmed, taking the […]
Read More(Bloomberg) — US Treasuries have entered the longest sustained slump in 38 years, as policy makers signal their determination to keep raising rates until they are sure inflation is under control. The yield on benchmark 10-year notes jumped 23 basis points this week to 4.25% on Friday, heading for a 12-week streak of increases that […]
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