Stock markets
The market is worried that oil’s continued rise may cause a recession, Cramer says
CNBC’s Jim Cramer broke down why oil’s skyrocketing price has Wall Street worried about a recession, pointing to the fall in oil stocks on Wednesday even as crude hit record levels. “As long as oil prices keep climbing, it’s hard to make the case for a soft landing. Oil’s a nightmare for the Fed. It […]
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Stock futures are flat on Wednesday evening
Traders work on the floor of the New York Stock Exchange during morning trading on June 08, 2022 in New York City. Michael M. Santiago | Getty Images Stock futures were flat in overnight trading Wednesday after the major averages ended the regular session lower and U.S. Treasury yields rose. Futures on the Dow Jones […]
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Cathie Wood has been buying the dip in Tesla following the EV company’s 40% pullback
Ark Invest’s Cathie Wood has been adding shares of Tesla in her various funds after the electric vehicle maker’s 40% pullback from its record high. The closely followed innovation investor bought at least 50,000 shares of Tesla over the past two weeks for her flagship Ark Innovation ETF , Ark Autonomous Technology and Robotics ETF […]
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Falling investor interest, lackluster user adoption threaten bitcoin outlook, Citi says
The collapse of the Terra network’s algorithmic stablecoin and sister currency luna added pressure to an already downbeat cryptocurrency market. Now investor activity and interest seem to be waning, according to Citi. The firm said that trading volumes and active wallet addresses have reverted back to normal levels after spiking around the time of Terra’s […]
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Stocks making the biggest moves midday: DocuSign, Campbell, Moderna and more
The Docusign Inc. website on a laptop computer arranged in Dobbs Ferry, New York, U.S., on Thursday, April 1, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Campbell Soup – The food company saw shares gain 2.3% after reporting a better-than-expected quarterly report. Campbell posted an […]
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These stocks post solid returns during sluggish economic times like we’re going through now
Ever-growing fears of an economic recession have left investors scrambling to figure out how to protect their portfolios. In the first quarter, U.S. GDP contracted by more than 1% as the country dealt with the spread of the omicron Covid-19 variant. The economy is also seen as struggling in the second quarter, with the Atlanta […]
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Here’s when tax-loss harvesting makes sense … and when it doesn’t
When the stock market dips, a strategy known as tax-loss harvesting can be a silver lining. But it doesn’t make sense for all portfolios, financial experts say. Here’s how tax-loss harvesting works: You can sell declining assets from your brokerage account and use the losses to offset other profits. Once losses exceed gains, you can […]
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How to invest behind the car of the future, according to Bank of America
Driverless vehicles and high-tech automobiles are on the horizon. Investors looking to capitalize on the burgeoning trend should consider putting their money in companies playing an integral role in the evolving market, according to Bank of America . The bank on Wednesday identified a host of suppliers and semiconductor makers that stand to benefit from […]
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Stocks making the biggest moves premarket: Campbell Soup, Moderna, Western Digital and others
Check out the companies making headlines before the bell: Campbell Soup (CPB) – The food producer’s shares rallied 3.7% in the premarket after Campbell reported an adjusted quarterly profit of 70 cents per share, 9 cents above estimates. Sales also beat forecasts, and the company raised its full-year sales outlook. Campbell also maintained its prior […]
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Bank of America downgrades Target as consumers pull back discretionary spending
Shares of Target could be under stress as consumers pull back spending in discretionary categories amid historically high inflation, according to Bank of America. Bank of America on Wednesday downgraded Target to neutral from buy. The firm also slashed its price objective on the stock to $165 from $235. The new price target implies just […]
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