Month: June 2022

Asia-Pacific stocks slip; China’s May retail sales, industrial production out ahead
World

Asia-Pacific stocks slip; China’s May retail sales, industrial production out ahead

SINGAPORE — Shares in Asia-Pacific slipped in Wednesday morning trade following overnight losses on Wall Street as the S&P 500 fell deeper into bear market territory. Investors in the region will also be looking ahead to the release of Chinese economic data expected later today. The Nikkei 225 in Japan slipped fractionally in early trading […]

Read More
Luxury brands say China’s latest Covid wave has whacked consumer demand
Finance

Luxury brands say China’s latest Covid wave has whacked consumer demand

China’s retail sales plunged 11.1% in April from a year ago as Covid controls kept many people at home and malls closed. Pictured here is a luxury store in Shanghai on June 4, 2022, just a few days after the city officially began to reopen. Hugo Hu | Getty Images News | Getty Images BEIJING […]

Read More
Wall Street is on a one way trip to misery until Fed hikes stop, market forecaster Jim Bianco warns
Finance

Wall Street is on a one way trip to misery until Fed hikes stop, market forecaster Jim Bianco warns

Until inflation peaks and the Federal Reserve stops hiking rates, market forecaster Jim Bianco warns Wall Street is on a one way trip to misery. “The Fed only has one tool to bring in inflation and that is they have to slow demand,” the Bianco Research president told CNBC “Fast Money” on Tuesday. “We may […]

Read More
Buffett disciple Mohnish Pabrai says this country is ‘probably the cheapest market in the world’
World

Buffett disciple Mohnish Pabrai says this country is ‘probably the cheapest market in the world’

Turkey’s economy may be battered by soaring inflation and a currency crisis, but Buffett disciple and veteran investor Mohnish Pabrai says he’s interested in the market. Pabrai, who is managing partner of Pabrai Investment Funds, said Turkey is “probably the cheapest market in the world.” But opportunities are being overlooked because of economic turmoil in […]

Read More
Cramer’s lightning round: Stay away from Equinix for now
Business

Cramer’s lightning round: Stay away from Equinix for now

Bausch Health Companies Inc: “I can not believe that this has worked out as bad as it has. It’s one of the worst picks I’ve had. … [CEO Joe Papa’s] got to come back on the show. That’s the only way to clear the air.” Equinix Inc: “I thought that Equinix would be a good […]

Read More
Jim Cramer says to consider buying these 10 cheap, high growth stocks with dividend protection
Business

Jim Cramer says to consider buying these 10 cheap, high growth stocks with dividend protection

CNBC’s Jim Cramer on Tuesday offered investors a list of stocks he believes will help investors’ portfolios withstand the geopolitical and economic issues currently roiling the stock market. “When the market comes down so far, so fast, you can find genuinely good buying opportunities,” the “Mad Money” host said. “You’ve got to be selective because […]

Read More
Charts suggest this week could be a ‘key moment’ for the S&P 500, Jim Cramer says
Business

Charts suggest this week could be a ‘key moment’ for the S&P 500, Jim Cramer says

CNBC’s Jim Cramer on Tuesday said that there could be a “key moment” for investors to do some buying in the S&P 500 this week, leaning on analysis from DeCarley Trading market strategist Carley Garner. Garner believes there’s a “moderate chance” of a rebound later this week, but the more likely scenario is either seeing […]

Read More
Wall Street is on a one way trip to misery until Fed hikes stop, market forecaster Jim Bianco warns
Finance

Stock futures rise slightly as investors brace for a big Fed rate hike

Stock futures rose slightly in overnight trading Tuesday as investors anxiously awaited the Federal Reserve’s aggressive action to tame surging inflation. Futures on the Dow Jones Industrial Average gained 70 points. S&P 500 futures edged up 0.3% and Nasdaq 100 futures rose 0.4%. The S&P 500 suffered a five-day losing streak on Tuesday, dipping deeper […]

Read More
30-year mortgage rate surges to 6.28%, up from 5.5% just a week ago
Business

30-year mortgage rate surges to 6.28%, up from 5.5% just a week ago

Mortgage rates jumped sharply this week, as fears of a potentially more aggressive rate hike from the Federal Reserve upset financial markets. The average rate on the popular 30-year fixed mortgage rose 10 basis points to 6.28% Tuesday, according to Mortgage News Daily. That followed a 33 basis point jump Monday. The rate was 5.55% […]

Read More
Apple’s new streaming soccer deal shows how strong businesses can grow even in tough times
Business

Apple’s new streaming soccer deal shows how strong businesses can grow even in tough times

A strong balance sheet, like Apple’s, allows for continued growth-oriented investments despite a turn in macroeconomic conditions. Source

Read More