Breaking News: Investing
Goldman Sachs is shrinking its SPAC business amid regulatory crackdown and market turmoil
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, May 9, 2022. Brendan McDermid | Reuters Goldman Sachs is scaling back its business in the once red-hot SPACs as blank-check deals got caught in a double whammy of regulatory crackdown and tough market environment. “We are reducing our involvement […]
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Contrarian bounce? One of the few bullish signs in this stock market is that everyone is so bearish
“It’s usually when no one can find anything positive on the horizon that bottoms are made,” Bespoke Investment Group said. Source
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Diesel fuel is in short supply as prices surge — Here’s what that means for inflation
The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022. Frederic J. Brown | AFP | Getty Images Diesel prices are surging, contributing to inflationary headwinds due to the fuel’s vital role in the American and global economy. Tankers, trains, trucks and […]
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These low-volatility funds offer stability when the Dow swings by 1,000 points
One fund also focuses on companies that pay steady dividends. Source
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Looking for opportunity in the tech wreck, Bernstein likes these cheap quality stocks
More investors are looking for solid names as rising bond yields prompt a pivot away from growth-oriented stocks. Source
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Bank of America has a favorite group of stocks to ride out the market turmoil
One sector offers investors “growth, defense and yield” at a reasonable price, analysts said. Source
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Despite the Fed’s big rate boost, most banks will still pay paltry interest rates
Jerome Powell, Federal Reserver Governor. Katie Kramer | CNBC The Federal Reserve just raised its benchmark interest rate by half a percentage point, its largest such move in more than two decades, as it seeks to tame inflation. The central bank’s actions mean that, in an era of sharply rising prices for everything from food […]
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Elon Musk and Cathie Wood knock passive index investing, saying it’s gone too far
Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida. Marco Bello | Getty Images Elon Musk and Cathie Wood took aim at index funds in a Twitter thread, arguing that passive investments […]
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Bank of America double upgrades Hexcel, says company has upside as commercial travel recovers
Analysts were ‘positively surprised’ to see continued top-line growth from the company. Source
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Morgan Stanley downgrades Carvana, cuts price target by 70% as car seller faces serious challenges
The auto company accelerated growth “at precisely the wrong time,” said analysts. Source
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