Finance
Wall Street gets more information on corporate America next week, with third-quarter earnings shifting into high gear. There’s also important inflation data coming. The earnings season is off to a strong start, with financials topping expectations thanks to the likelihood of lower interest rates and greater merger and acquisition activity. S & P 500 earnings…
Key Takeaways President Donald Trump acknowledged that the U.S. and China are in a trade war this week. The U.S. has threatened to raise tariffs on China to high levels, while China has threatened to cut off rare earth minerals crucial to U.S. industries. Trump and his Chinese counterpart are set to meet in South…
View the video of this post here. Over the last 30 years, the purchasing power of the US Consumer Dollar has been cut in half due to inflation. At the same time, the S&P 500 has gained 888% (8% per year) AFTER adjusting for inflation. Why you need to invest, in one chart… At Creative Planning,…
US stocks rose on Friday as President Trump eased worries of further trade escalation with China, while regional bank stocks began to recover from significant losses amid investor jitters over bad loans and US credit quality. The Dow Jones Industrial Average (^DJI) gained more than 0.5%, while the S&P 500 (^GSPC) rose around 0.5%. The…
The sustained trade war with China is “not sustainable,” President Donald Trump admitted Friday during an interview with Fox News. Speaking with anchor Maria Bartiromo about the current status of the trade relationship, the president confirmed that he is slated to meet with Chinese President Xi Jinping in Korea at the APEC Summit at the…
Key Takeaways Micron shares pulled back from a record high Friday following a report that the company will stop providing server chips to data centers in China. After climbing above $200 for the first time earlier this month, the stock consolidated in a pennant before breaking out from the pattern on Thursday, potentially laying the…
J Studios/DigitalVision via Getty Images Listen below or on the go on Apple Podcasts and Spotify Big week for financial earnings (0:20). Dearth of economic data given government shutdown (3:20). AI dealmaking (6:50). CAT’s valuation (10:40). Gold hitting new highs (13:30). Bitcoin and crypto liquidations (15:20). Bond update (17:15). Transcript Rena Sherbill: Brian Stewart, our…
Hello and Happy Friday! I’m Joe Ciolli, and I’m subbing in for Dan DeFrancesco today. I’ll be writing a daily markets newsletter starting on Monday, so sign up here, and tell all your friends! If you’re planning on using DoorDash to have a self-driving Waymo deliver you pizza this weekend — something that’s now possible…
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The stock market is sending mixed signals at the moment, caught in a tangle of overlapping anxieties. Predicting its next move depends heavily on which narrative you want to believe. You could choose door No. 1 and subscribe to the dominant concern of the week: A number of high-profile bankruptcies in consumer-facing industries may have…