The IMF is warning that elevated stock valuations are putting both financial markets and the global economy at risk of some turbulence. “Valuation models indicate that risk asset prices are well above fundamentals, increasing the probability of disorderly corrections when adverse shocks occur,” the organization said in its Global Financial Stability Report published this month….
A number of stocks fell in the afternoon session after new trade tensions and disappointing earnings from major tech companies weighed heavily on investor sentiment. A key driver was the news that the White House is considering new restrictions on Chinese exports that use U.S. software, a move that could significantly impact technology companies. This…
Donald Trump and Xi Jinping in 2017. (Bloomberg) — No one can agree on what a likely meeting between Donald Trump and Xi Jinping will mean for China’s sputtering stock market. Most Read from Bloomberg Chinese equities, which have zoomed higher for much of this year, have lost steam in recent weeks. The MSCI China…
Goldman Sachs’ Jan Hatzius warned that U.S. GDP estimates showing 3.8% growth in Q2 and 3.3% in Q3 may be overstated, due to missing data from the government shutdown and weakening labor trends. He pointed to falling employment indicators and survey data signaling stagnation, arguing job market weakness offers a more accurate gauge of current…
Markets took a late-day gut punch on Oct. 14 after President Donald Trump took to Truth Social and threatened to terminate business with China “having to do with cooking oil” among other “elements of trade” in response to China slashing imports of U.S. soybeans in recent months. (1) The social media post sent ripples across…
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…
Shares of fuel cell technology Plug Power (NASDAQ:PLUG) fell 4.9% in the afternoon session after a recent, massive rally gave way to profit-taking as investor focus returned to the company’s persistent financial challenges. The stock’s decline followed a 150% surge over the previous month. That rally was sparked by positive news, including a financing deal…
NEW YORK (AP) — Wall Street had one of its most profitable quarters ever, if the earnings from four of nation’s biggest banks that reported Tuesday are to be believed; as banks were helped by a flurry of deal making, soaring stock prices and a global economy that remains resilient despite tariffs and geopolitical upheaval….
No two speculative booms are exactly alike, of course, but they share some common elements. Typically, there is great excitement among investors about new technology—in today’s case, A.I.—and its potential to boost profits for companies positioned to take advantage of it. In the twenties, commercial radio was a novel and revolutionary medium: tens of millions…
The new JPMorgan Chase & Co. offices in New York. (Bloomberg) — A run for the exits by investors in levered exchange-traded funds on Friday exacerbated the largest single-day stock market selloff since April, according to strategists at JPMorgan Chase & Co. The S&P 500 Index fell 2.7% in the rout, while the Nasdaq 100…