Staying above the turmoil is easier said than done for investors these days. The calm that settled on global markets after the Bank of England’s unprecedented intervention to shore up U.K. bonds seems to be fading, with stock futures in the red and a risk-averse mood building for Thursday. It’s hard to find a big
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Global financial market stresses are piling up, but the commotion that forced the Bank of England to make an extraordinary intervention in the U.K. bond market Wednesday isn’t likely to be a game-changer for U.S. stock-market investors on the lookout for a market breakdown. A working notion among investors and traders has been that the
Big-box retail chain Bed Bath & Beyond (NASDAQ:BBBY) has been the target of eager meme-stock traders. However, the company’s financials will matter soon, as Bed Bath & Beyond has scheduled an earnings report and conference call for Sept. 29. The company needs to prove its value proposition to BBBY stock investors, as it’s undergoing a CEO
U.K. gilt yields fell back from their highest in 14 years after the Bank of England said it would buy bonds at “whatever scale is necessary” to restore orderly market conditions. The 10-year benchmark gilt yield TMBMKGB-10Y, 4.076%, which moves in the opposite direction to prices, fell 29 basis points to 4.224%, having at one
Airport and airline workers staged demonstrations at airports across the U.S. and abroad Tuesday, protesting what they described as disorganized operations that have not built back up since staffing levels were cut at the beginning of the pandemic, forcing them to work too hard for too little pay. The protests — which included restaurant and
The numbers: Orders at U.S. factories for long-lasting goods fell 0.2% in August mainly because of decline in bookings for large aircraft, but investment rose in a sign the industrial side of the economy is still chugging ahead. Economists polled by the Wall Street Journal had forecast a 0.5% decline. Durable goods are products like cars,
Hi, MarketWatchers. Don’t miss these top stories. Jennifer Lawrence Lists Her New York City Loft for $10.5M May the odds be ever in her favor! Jennifer Lawrence recently listed her swanky three-bedroom loft in New York City’s star-studded Tribeca neighborhood for a cool $10.5 million. Read More Advice from a longtime real-estate agent: ‘Owners are
[Editor’s note: “This Little-Known EV Battery Technology Will Drive the EV Revolution” was previously published in August 2022. It has since been updated to include the most relevant information available.] Source: Illus_man/Shutterstock You may think you know of every battery innovation, especially as students of innovation. But a secret EV battery technology you’ve likely never heard
Summer may be long over, but HBO is all about awful vacations in October, reviving last year’s hit resort comedy “The White Lotus” and premiering a new season of the space-cruise comedy “Avenue 5.” Mike White’s hilariously scathing satire “The White Lotus” (Oct. 30), which just cleaned up at the Emmy Awards, returns for a
“This year, Santa may not deliver.” That was the humbug assessment from Citigroup’s global asset allocation team, who predicted Wall Street is unlikely to see a late-year bounce because 2022’s performance hasn’t been good enough thus far. “Given that a Fed pivot is for now out of the question, the focus for remaining bulls is
Google CEO Sundar Pichai reportedly grew agitated during a “heated” all-hands meeting in which an employee asked why the search engine was nickel-and-diming workers by taking away perks and benefits. Pichai, who has ratcheted up the pressure on Googlers to boost productivity, held court at a meeting in New York this week during which he
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The crown prince of Saudi Arabia, Russian oligarch Roman Abramovich, and a top Ukrainian negotiator played key roles in months of talks that led to the release of more than 250 prisoners by Russia and Ukraine this week in a broader deal involving Turkey, according to U.S., Ukrainian and Saudi officials and others familiar with the negotiations. Context:
China’s retail sales and industrial output data for August were definitely encouraging. Retail sales grew 5.4% year-over-year (YOY) in August, while industrial production was up 4.2%. However, Chinese companies continue to be under pressure due to the disruption caused by the country’s “Zero Covid” policy, tensions between the U.S. and China, and a stricter regulatory
Nike Inc. is slated to report fiscal first-quarter results on Thursday after the bell, with Wall Street looking at an ever-expanding list of issues to work through with the athletic gear-maker. A stronger dollar, inflation, Nike’s NKE, -1.55% cultural relevance amid competition, the impact of China’s COVID-19 lockdowns and the state of Nike’s supply chain
During the height of the bull market – which, boy, seems so long ago – the call-option crazy punters inhabiting the Wallstreetbets channel had a favorite meme to explain why stocks would keep going higher. “Money Printer Go Brrr” featured a Rambo-esque Jay Powell, chair of the Federal Reserve, determinedly firing out greenbacks to whoever
From medieval comedy to futuristic thrills, Amazon’s Prime Video has got it all in October, including a full slate of freaky Halloween movies. Chloë Grace Moretz (“Kick-Ass,” “Let Me In”) and Gary Carr (“The Deuce”) star in the new sci-fi series “The Peripheral” (Oct. 21), based on the bestselling novel by William Gibson. Set in
Last year, the phenomenon of retail investors bidding up short-squeeze stocks or securities that featured intense bearish sentiment caught like wildfire. This year, circumstances changed dramatically. With the Federal Reserve set to raise the benchmark interest rate until inflation normalizes, the framework for highly risky ventures diminished. Still, short-squeeze stocks represent powerful forces in the
The dollar dropped sharply against the Japanese yen on Thursday, in the first intervention to support its currency since 1998, after the Bank of Japan bucked the trend of other central banks by not hiking interest rates. The dollar USDJPY, -0.91% dropped swiftly, trading at 142.20 yen from 144.08 yen on Wednesday, in action timed
Stocks fell sharply after the Federal Reserve announced Wednesday that it was raising its benchmark rate by three-quarters of a percentage point as it battles inflation, with the S&P 500 continuing a slide described by Bespoke Investment Group as its third leg down. “Where this bear market ultimately bottoms is anyone’s guess, and events outside