Germany industrial production fell in October as high energy prices weighed on manufacturing output, adding to evidence of a slowdown in Europe’s industrial powerhouse at the beginning of the fourth quarter. Industrial output–comprising production in manufacturing, energy and construction–fell by a marginal 0.1% in October after increasing by an upwardly revised 1.1% in September, according
Daily Trade
Walt Disney (NYSE:DIS) stock has had a rocky 2022, down nearly 40% year to date. This older company is undergoing a very recent transition. Robert Iger returned to the company’s CEO role and Bob Chapek was ousted after only a couple of years. Is this the bullish catalyst that so many investors are counting on? Be
Apple Inc.’s Tim Cook confirmed at an event that the company is one of Taiwan Semiconductor Manufacturing Co.’s first Arizona fab customers, while Intel Corp. hopes to join TSMC on the cutting edge by the end of 2023. Cook said Apple AAPL, -2.54% will buy chips fabricated at TSMC’s expansion into the U.S. On Tuesday
Monday’s punishing selloff could be the beginning of the next leg lower for stocks as a sense of complacency has taken hold in markets following a stellar October and November, several strategists told MarketWatch. In a note to clients on Monday, Jonathan Krinsky, chief technical strategist at BTIG, said that U.S. stocks were primed to
Gold declined after briefly tapping a four-month high on Monday, as worries about recent data showing stronger-than-expected U.S. business conditions and wage growth boosted the dollar and Treasury yields, along with expectations for more aggressive rate-hikes by the Federal Reserve. Price action Gold prices for February delivery GC00, -1.62% GCG23, -1.62% fell $28.30, or 1.6%,
One of the first pieces of financial advice you may hear is to build up an emergency fund, anywhere from three months to a few years worth of expenses, and doing so is an impressive feat. The point of that money is to protect you when you hit hard times. So if you do hit hard
If I read one more time that walking is the best exercise, I’m going to take a few steps and scream. This article is about how to make walking a better exercise. True, walking is the most practicable exercise. You can pretty much do it anywhere anytime. That is no small thing. The problem is that
Hedge-fund titan Bill Ackman appears to be walking back comments he made via Twitter last week about Sam Bankman-Fried that some interpreted as implicit support for the 30-something who presided over one of the most epic bankruptcies in financial markets in recent memory. Last week, Ackman tweeted that Bankman-Fried’s statements made during a widely watched
If someone promises you the “deal of a lifetime,” it’s probably not a good investment. That’s what finance guru Matthew Onofrio, who sold a program claiming to have cracked the code on commercial real estate, promised inexperienced investors looking to strike it rich. But prosecutors say it was all a fraud aimed at lining Onofrio’s
Given the fact that Nio (NYSE:NIO) stock is down year-to-date, eager investors may be tempted to take a long position now. However, this is actually a time to exercise caution. For one thing, China’s on-and-off zero-Covid policies could throw a wrench into the works. Besides, Nio’s financials are less than ideal, especially when it comes
We want to hear from readers who have stories to share about the effects of increasing costs and a changing economy. If you’d like to share your experience, write to [email protected]. Please include your name and the best way to reach you. A reporter may be in touch. For many people living in the U.S.,
There’s a one-two punch of unfavorable news for SoFi Technologies (NASDAQ:SOFI), courtesy of the U.S. government. First of all, President Joe Biden’s administration is extending the moratorium on federal student loan repayment requirements. Also, a group of senators sent a letter to SoFi, requesting to review the neo-banking firm’s cryptocurrency-market dealings. These developments make it extremely
Oil futures ended lower on Friday, but gained for the week, as investors awaited a pair of events: a Sunday meeting of the Organization of the Petroleum Exporting Countries and its allies, and the Monday kickoff of European Union ban on Russian seaborne crude imports. Oil prices moved lower during Friday’s trading session following news
It hasn’t been a good year for growth stocks. The iShares S&P 500 Growth exchange-traded fund (NYSEARCA:IVW) is down nearly 25% with one month to go in 2022. Some of the worst performers from this ETF are going to need a new CEO. Before I come up with my three names of CEOs that need
Asset allocation is about dividing your portfolio among various investment asset classes like stocks, bonds and cash, and sub-asset classes like small, large and midcap stocks. Bonds and international investments, as well as growth and value oriented equities are often part of a well-diversified portfolio. In order to maintain your target asset allocation through the
Will Google and YouTube parent company Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) join the Big Tech layoff club? It’s a valid question, but GOOG stock investors shouldn’t worry too much. If there is a large-scale workforce reduction at Google, it’s a sign that the company is being proactive in navigating a challenging economy. Don’t misunderstand — layoffs aren’t
Dear Quentin, We have a large friend group from college. We’re all getting married, starting families, getting established in our careers and our lives. I eloped and have a child now. None of my friends attended my wedding. I have attended all of theirs, but none of the bachelorette parties. I was invited to a
Butch Phillips, an 82-year-old member of the Penobscot Nation, etches 18-inch long moose call horns from birch bark he harvests off tribal land. While some moose calls he gives away to local hunters, others have sold at auction for as much as $3,200 and some sit in museums. “It’s very exciting calling a moose. You
When was the last time you visited a GameStop (NYSE:GME)? Its management team apparently rather you didn’t know; the firm stopped reporting same-store sales in 2021. E-commerce sales are also no longer reported separately, an ominous sign for a firm whose chairman once promised to build “a powerful e-commerce platform that provides competitive pricing, broad
U.S. stocks rose in afternoon trading on Wednesday after Federal Reserve Chairman Powell said the central bank’s pace of interest-rate increases can slow as soon as its December meeting, while investors digested a round of economic data, including a weaker-than-expected reading on private-sector payrolls and an upward revision to third-quarter economic growth. How are stocks