There’s an old joke in economics that stock markets have predicted nine out of the past five recessions. The point being that predicting a recession solely based on the stock market is difficult. “They can turn around on a dime. They can turn around in a heartbeat,” said James Angel, a finance professor at Georgetown…
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. I challenged myself to spend a month only eating home-cooked food. My grocery costs didn’t really go up, and I saved a lot of money by not dining out. As the month ended, I…
British comedian Russell Brand has been charged with rape and assault by police in the U.K. The 50-year-old actor, known for his work in R-rated comedies including “Forgetting Sarah Marshall” and “Get Him to the Greek,” was charged with single counts of rape, indecent assault, oral rape and two counts of sexual assault, the Metropolitan…
PHNOM PENH — Chinese President Xi Jinping is expected to visit Cambodia this month as part of a trip to Southeast Asia, according to three sources, for a visit that will cast a light on China’s response to the U.S. government’s massive cuts to its aid program, as well as new and pending promises from…
The outlook for the stock market is becoming increasingly uncertain, thanks largely to the potential impact of an escalating global trade war. Strategists at Goldman Sachs on Sunday night slashed their forecast for the S&P 500 for the second time this year, lowering targets for the benchmark index’s return to -5% in the coming three months and…
Barclays slashed its S&P 500 target to the lowest among the major banks, predicting that the index will end the year at 5,900. Before Wednesday, the firm held a 6,600 target but cut its outlook amid deteriorating economic data and tariff disruptions, which have paralyzed markets so far this year. RBC and Goldman Sachs have…
World’s Worst Expo is a name that’s attracting crowds in Sacramento.Hundreds gathered at the Safe Credit Union Convention Center for the free event highlighting vintage clothing and other goods.Organizers call it a movement to shop second-hand.What started as two friends bringing local vendors together to sell clothing, shoes and more, has really exploded in the…
Global fund managers dumped a record amount of US stock during last week’s sell-off, BofA found. The surveyed investors expressed pessimism around the global economic-growth picture. Stagflation was a commonly-cited fear, with expectations for the scenario at the highest since late 2023. As US stocks slipped into a 10% correction last week, investors were dumping…
Warren Buffett’s Berkshire Hathaway cut its Bank of America stake and other bets last quarter. The investor’s company exited two S&P 500 funds and only added one new stock, Constellation Brands. Buffett’s conglomerate sold a net $127 billion of stocks in the first nine months of last year. Warren Buffett and his deputies pared bets,…
Retail traders tell BI they’re capitalizing on market volatility driven by Trump. Increased retail trading activity has led to record inflows and high sentiment scores. Investors are divided, with some cautious due to uncertainty and others seeking opportunities. John Richardson, a 68-year-old retiree from Michigan, feels like there’s a lot of money to be made…