‘Nowhere to hide?’ Why stagflation fears put stocks on verge of a bear market

‘Nowhere to hide?’  Why stagflation fears put stocks on verge of a bear market

It will take more than Friday’s big bounce to put to rest the fear of a bear market in stocks as uncertainty about the Federal Reserve’s ability to get a grip on inflation without sinking the economy stokes fears of stagflation — a pernicious combination of slow economic growth and persistent inflation. Stagflation is “an … Read more

What Bitcoin Could Be Worth to Fidelity. You’ll Be Surprised.

What Bitcoin Could Be Worth to Fidelity.  You’ll Be Surprised.

Text size Fidelity’s push into Bitcoin is raising controversy but could be lucrative for the company. Dreamstime.com Fidelity Investments shocked the retirement industry last month with a move to make Bitcoin available in 401(k) plans. Add up the revenue that might bring in, and it starts to be less of a surprise. Fidelity is the … Read more

What Bitcoin Could Be Worth to Fidelity. You’ll Be Surprised.

What Bitcoin Could Be Worth to Fidelity.  You’ll Be Surprised.

Text size Fidelity’s push into Bitcoin is raising controversy but could be lucrative for the company. Dreamstime.com Fidelity Investments shocked the retirement industry last month with a move to make Bitcoin available in 401(k) plans. Add up the revenue that might bring in, and it starts to be less of a surprise. Fidelity is the … Read more

US Stocks Finish Higher Ahead of Fed Meeting

US Stocks Finish Higher Ahead of Fed Meeting

US stock indexes finished modestly higher on Tuesday as investors geared up for the Federal Reserve’s policy decision this week and evaluated a batch of earnings. Stocks moved between small gains and losses during the session, finally rising for a second straight day after a brutal selloff capped off April. The S&P 500 pink 20.10, … Read more

Citigroup Sales Hit European Stock Markets With ‘Flash Crash’

Citigroup Sales Hit European Stock Markets With ‘Flash Crash’

Several European stock markets suffered a “flash crash” on Monday morning following sell orders by Citigroup Inc., VS 1.04% according to people familiar with the matter. Trading was halted momentarily in several markets after major stock indexes plunged for a few minutes just before 10 am Central European time. Stocks in the Nordic region were … Read more

A rough 4 months for stocks: S&P 500 books the worst start to a year since 1939. Here’s what pros say you should do now.

A rough 4 months for stocks: S&P 500 books the worst start to a year since 1939. Here’s what pros say you should do now.

To say that it has been a perilous stretch for bullish stock investors on Wall Street lately is a bit of an understatement. Marked by stomach-churning volatility and bruising losses in once-popular technology trades, the S&P500 booked its worst start to a year, through the first four months of 2022, in over 80 years, with … Read more

Exxon Stock Falls on Earnings Miss. Quarter Includes Russia Charges of $3.4B.

Exxon Stock Falls on Earnings Miss.  Quarter Includes Russia Charges of .4B.

Text size Exxon Dreamstime Exxon Mobil posted first-quarter adjusted earnings that missed forecasts and the stock fell in premarket trading Friday. Exxon (ticker: XOM) reported adjusted earnings of $2.07 a share, below forecasts for $2.23 a share. The quarter included charges of $3.4 billion, or 79 cents a share, from the company’s exit of Russia. … Read more

S&P 500 aims for best day since 2020 as tech stocks rally after Facebook parent’s results

S&P 500 aims for best day since 2020 as tech stocks rally after Facebook parent’s results

US stocks roared higher Thursday afternoon as investors piled into technology stocks following results from Facebook parent Meta Platforms that weren’t as bad as feared. Investors also brushed off data that showed the US economy contracted unexpectedly in the first quarter. What’s happening The Dow Jones Industrial Average DJIA was up 645 points, or 2%, … Read more

Archegos Founder Bill Hwang and CFO Charged With Securities Fraud

Archegos Founder Bill Hwang and CFO Charged With Securities Fraud

Archegos Capital Management founder Bill Hwang and chief financial officer Patrick Halligan have been indicted on charges of securities fraud, wire fraud and racketeering, federal prosecutors in Manhattan said Wednesday. Prosecutors alleged the men took part in interrelated schemes to unlawfully manipulate the prices of stocks and to defraud leading global investment banks and brokerages. … Read more

Dow drops 700 points, Nasdaq slumps ahead of megacap tech earnings

Dow drops 700 points, Nasdaq slumps ahead of megacap tech earnings

US stocks were trading sharply lower Tuesday afternoon, failing to build on the previous session’s bounce, as investors sift through a raft of company results and await earnings reports due after the bell from tech giants including Microsoft Corp. and Google parent Alphabet Inc. How are stock indexes performing? The Dow Jones Industrial Average DJIA … Read more