Photo by Cindy Ord/Getty Images for Yahoo The stock market presents a buying opportunity this month, according to Fundstrat’s Tom Lee. That’s because inflation is set to fall “dramatically” through the rest of the year, Lee predicted. He pointed to lags in the CPI index, with real-time prices in the economy starting to ease. Investors […]
Real estate investor, Grant Cardone, issued a warning on May 5th regarding the stock market, posting on X: “WARNING: Stock Market is due for 50% correction taking S&P below 2674. Tens of millions of households will have their retirement & savings destroyed by being invested in stock market at these levels?” Cardone points to the […]
An 18-year-old man who fell 30 feet while exploring an abandoned missile silo required an hours-long rescue, Colorado sheriff’s officials reported. Deputies responded at 3:30 a.m. Sunday, May 5, to a report of an injured man in an old missile silo in Deer Trail, the Arapahoe County Sheriff’s Office said on X, formerly known as […]
Nvidia (NASDAQ: NVDA) has been a Wall Street darling for quite a while now. And for good reason. The stock has roughly tripled over the past 12 months and is up more than sevenfold since September 2022. However, not everyone on Wall Street remains enthusiastic about Nvidia. One analyst thinks shares of the GPU maker […]
Apple on Thursday disclosed its steepest quarterly decline in iPhone sales since the pandemic’s outset, deepening a slump that’s increasing the pressure on the trendsetting company to spruce up its products with more artificial intelligence. The 10% drop in year-over-year iPhone sales for the January-March period is latest sign of weakness in a product that […]
(Bloomberg) — Over the last two years, Wall Street has convinced cautious equity investors to send billions of dollars into exchange-traded funds that use options to goose yields. Most Read from Bloomberg A vocal chorus of analysts has been warning against this booming trade, to no avail. Assets in the derivatives-powered ETFs have quadrupled to […]
The Dow Jones Industrial Average was higher Monday as blue chips got a lift from Apple (AAPL) and Boeing (BA). Tesla (TSLA) soared amid a boast from CEO Elon Musk, but fellow Magnificent Seven stocks Alphabet (GOOGL) and Nvidia (NVDA) fell on the stock market today. And famed investor Cathie Wood loaded up on a […]
Malte Mueller/Getty Images The S&P 500’s recent sell-off is actually a sign the bull market is here to stay, according to Ken Fisher. Bear markets don’t typically start with a sharp correction, the market veteran told Fox Business Network. Investors may be too “fixated” on negative catalysts, like higher inflation, he added. The recent sell-off […]
(Bloomberg) — Elon Musk’s underlings at Tesla Inc. are accustomed to chaos. It comes with the territory of working for a chief executive who sets exacting targets and often abruptly switches directions — whose biographer describes his more intense moods as “demon mode.” Elon Musk in Los Angeles on April 13, 2024. (Photo by Jordan […]
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures, following a tough market week. Earnings from Microsoft (MSFT), Meta Platforms (META) and many more are on deck. Tesla, which reports Tuesday, slashed EV and FSD prices over the weekend. X The stock market suffered sharp losses in the past […]
Good morning! There’s no doubt that today’s employees want remote and hybrid options when it comes to where they work. And although some CEOs have reversed course on their RTO mandates, and the C-suite in general is realistic about how long it will take to get staffers back into the office, new data shows just […]
Speaker Mike Johnson (R-La.) is taking the plunge on a massive package of foreign aid that’s cleaved his conference and threatened his gavel, brushing off his detractors in a go-for-broke effort to help beleaguered allies overseas. Johnson has won early Democratic support for his multipronged strategy to provide military assistance to Ukraine, Israel and Taiwan, […]