(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 […]
Read More(Bloomberg) — For the third time in as many quarters, disappointing results from Snap Inc. are roiling social media stocks and adding to signs that the economic slowdown is deepening. The maker of the Snapchat app reported its slowest quarterly sales growth ever on Thursday, saying a decline in advertising spending continues to drag on […]
Read More(Bloomberg) — Federal Reserve Bank of St. Louis President James Bullard said he expects the central bank to end its ‘’front-loading” of aggressive interest-rate hikes by early next year and shift to keeping policy sufficiently restrictive with small adjustments as inflation cools. “You do have to think about what the reasonable level is,” Bullard said […]
Read More(Bloomberg) — Tesla Inc. reported third-quarter sales that fell short of Wall Street estimates, citing the US dollar’s growing strength, along with production and delivery bottlenecks. Revenue rose to $21.5 billion, the company said in a shareholder letter Wednesday, compared with analysts’ projections of $22.1 billion. Profit excluding some items rose to $1.05 a share, […]
Read MoreMarket conditions are Mildly bullish in a Bear Market as of 2022-10-18. 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 -19.61 which indicates the current market conditions are Extreme, Risk of a reversal is high. […]
Read More(Bloomberg) — The Federal Reserve can’t pause its campaign of monetary policy tightening once its benchmark interest rate reaches 4.5% to 4.75% if “underlying” inflation is still accelerating, Minneapolis Fed President Neel Kashkari said. “Core services inflation — which is the stickiest of all — keeps climbing, and we keep getting surprised on the upside,” […]
Read More(Bloomberg) — Oil edged lower as the prospect of additional barrels from strategic reserves assuaged market concerns of a tight market heading into the winter season. West Texas Intermediate dropped as much as 2.4% to trade below $84 a barrel in another volatile session. The US is moving toward releasing further barrels from its strategic […]
Read MoreMarket conditions are Mildly bullish in a Bear Market as of 2022-10-17. 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 -19.58 which indicates the current market conditions are Extreme, Risk of a reversal is high. […]
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