Markets
2-year Treasury yield tops 10-year rate, a ‘yield curve’ inversion that could signal a recession
Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 7, 2022. Andrew Kelly | Reuters The 2-year and 10-year Treasury yields inverted for the first time since 2019 on Thursday, sending a possible warning signal that a recession could be on the horizon. The bond […]
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Goldman sees risks rising for a ‘mild’ recession, but not for at least another year
The firm sees “close to no chance” of a recession over the next 12 months, but a 38% probability in the following year. Source
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Stocks making the biggest moves midday: Walgreens, AMD, Dell and more
A pedestrian wearing a protective mask walks past a Walgreens store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Walgreens — The drug store chain fell about 5% after the company reported its quarterly results. Despite recording a beat on earnings, it […]
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Why ‘free’ shipping isn’t free
The big carriers such as FedEx, UPS and Amazon make lots of deliveries, and none of those packages are being shipped for “free.” “People like free shipping because the word free is very powerful, even if people know that it’s not really free because someone is paying for it,” Kara Buntin, owner of the Etsy […]
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This is one of Goldman’s best-performing stock portfolios this year for clients
The investment bank assembled a pool of stocks that would benefit from surging interest rates. Source
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Jeff Bezos’ Blue Origin launches first New Shepard space crew of 2022
The NS-20 crew, from left to right: Gary Lai, George Nield, Jim Kitchen, Marty Allen, Sharon Hagle, and Marc Hagle. Blue Origin Jeff Bezos’ Blue Origin launched its New Shepard rocket for the first time this year on Thursday, as the company sends more passengers on short trips to space. Called NS-20, this New Shepard […]
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Machine-parts start-up Hadrian raises $90 million as it seeks to shake up the aerospace supply chain
The exterior of the company’s factory in Hawthorne, California. Hadrian Machine-parts start-up Hadrian Automation raised $90 million in a new round of funding led by venture firms Lux Capital and Andreessen Horowitz, as the company works to build largely-automated factories to transform the aerospace supply chain. “We’ve launched Factory #1 and proven that we can […]
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UiPath shares dive 24% on weak outlook
Traders working at the New York Stock Exchange (NYSE), today, Wednesday, April 21, 2021. Source: NYSE Shares of UiPath fell 24% on Thursday morning after the enterprise automation software company reported weak outlook for the fiscal first quarter of 2023. Here’s what UiPath reported Wednesday after the bell for its fiscal fourth quarter: Earnings: 5 […]
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The Fed’s preferred inflation gauge rose 5.4% in March, the highest since 1983
The Federal Reserve’s favorite inflation measure showed intensifying price pressures in February, rising to its highest annual level since 1983, the Commerce Department reported Thursday. Excluding food and energy prices, the personal consumption expenditures price index increased 5.4% from the same period in 2021, the biggest jump going back to April 1983. Including gas and […]
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5 things to know before the stock market opens Thursday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to wrap up strong month but weak quarter Traders work on the floor of the New York Stock Exchange (NYSE) in New York, March 30, 2022. Brendan McDermid | Reuters U.S. stock futures were […]
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