Dow climbs more than 300 points ahead of July 4 holiday, U.S. stocks end higher after a bruising first half of 2022

U.S. stocks closed higher Friday, shaking off earlier weakness that came after a disappointing gauge of manufacturing activity underlined fears that aggressive monetary tightening by the Federal Reserve could lead to a sharp slowdown. How did stocks trade? The Dow Jones Industrial Average DJIA, +1.05% rose 321.83 points, or 1%, to close at 31,097.26. The … Read more

There may be another shoe to drop after Micron’s big outlook miss

Micron Technology Inc. delivered an outlook that fell far short of the consensus view, prompting questions about how the memory market will fare in a downturn. The company expects August-quarter revenue of $6.8 billion to $7.6 billion, whereas analysts tracked by FactSet had been modeling $9.15 billion. Micron’s chief executive acknowledged that “the industry demand … Read more

Recession is challenging inflation as top fear among stock and bond investors

It’s easy to want to duck for cover given the carnage seen this year in stocks and bonds, particularly with the Federal Reserve vowing to wage an unconditional battle against high inflation. While inflation running at a 40-year high still sits near the top of the list of worries for many investors, another potential bugaboo … Read more

Berkshire Hathaway Stock Hit Hard in June. Warren Buffett Is Probably Unfazed.

Text size Berkshire has scaled back its stock repurchase program this year, and that may be sending a message that CEO Warren Buffett doesn’t view the stock as being so cheap. Bill Pugliano/Getty Images Despite what CEO Warren Buffett has called its Fort Knox balance sheet with over $100 billion in cash, Berkshire Hathaway hasn’t … Read more

Fed says banks could withstand 10% unemployment, 55% stock price drop in annual stress test

The Federal Reserve Board on Thursday projected the potential for a rockier road ahead for banks than it did a year ago, but said the 33 financial institutions it reviewed passed its annual stress test of capital reserves. The Fed estimated $612 billion in potential losses for banks in its most severe economic scenario, and … Read more

This dividend fund is down 3% vs. S&P’s 20% drop. Here are its top stock picks

By now even the most ardent tech and growth-stock enthusiasts realize the bull market is over. John Kornitzer’s approach to selecting high-quality stocks for the Buffalo Flexible Income Fund is one that has worked well during the bear market. High inflation, uncertainty in so many industries amid supply-chain issues and labor shortages, the Federal Reserve’s … Read more

NIO Stock Is a Cautionary Tale for Tesla Shareholders

Electric vehicle maker NIO has been stuck in a range of roughly 10,000 monthly deliveries for almost a year. Courtesy Nio Text size Chinese electric vehicle maker NIO offers a cautionary tale for Tesla investors. What happened to its shares could happen to Tesla ’s if volume growth at Tesla follows a similar path as … Read more

What the Fed’s biggest rate hike in decades means for the bear market in bonds

Historically bad. That’s how the mammoth $53 trillion U.S. fixed-income market has performed this year as the Federal Reserve works to curtail high inflation threatening to wreck the economy. To turbo charge the effort, the Fed on Wednesday fired off its biggest benchmark interest rate increase in nearly thirty years. But what does that mean … Read more

Battered Crypto Hedge Fund Three Arrows Capital Considers Asset Sales, Bailout

Cryptocurrency-focused hedge fund Three Arrows Capital Ltd. has hired legal and financial advisers to help work out a solution for its investors and lenders, after suffering heavy losses from a broad market selloff in digital assets, the firm’s founders said on Friday. “We have always been believers in crypto and we still are,” Kyle Davies, … Read more

Disney Should Make its Cricket Loss Count

Disney lost out on streaming rights to the Indian Premier League’s cricket matches from 2023-2027, but said it will keep the broadcast rights. Photo: Arun Sankar/Agence France-Presse/Getty Images For Disney, DIS 1.67% losing the streaming rights to India’s most popular cricket league could turn out to be a blessing in disguise—provided the company fully capitalizes … Read more