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Fed’s Waller says market has overreacted to consumer inflation data: ‘We’ve got a long, long way to go’

Federal Reserve Governor Christopher Waller said on Sunday that financial markets appeared to have overreacted to weaker-than-expected October consumer price inflation data last week. “It was just a data point,” Waller said during a conversation in Sydney, Australia, sponsored by UBS. “The market seems to have gotten a head start on this one CPI report. …

Fed’s Waller says market has overreacted to consumer inflation data: ‘We’ve got a long, long way to go’ Read More »

FTX bankruptcy is ‘somebody running a company that’s just dumb-as-f___ing greedy,’ says Mark Cuban

Billionaire Dallas Maverick owner Mark Cuban recently offered his take on the implosion of crypto platform FTX over the weekend. ““He’s someone who runs a business who’s just stupid as fuckin’ greedy.”” — Marc Cuban Cuban, speaking Friday at a conference in Washington, DC organized by Sports Business Journalshared the view that greed was behind …

FTX bankruptcy is ‘somebody running a company that’s just dumb-as-f___ing greedy,’ says Mark Cuban Read More »

‘Oh my gosh, why am I not in the market?’ This forecaster says investors will be shocked by what’s about to happen next

Slower, but higher rates and no pivot this side of Christmas. It was the message from Fed Chairman Jerome Powell after the central bank’s fourth straight hike. Bruised investors look set to continue selling stocks on Thursday as yields rise. Not everyone agrees with Powell. “The Fed is making a huge policy mistake, and they …

‘Oh my gosh, why am I not in the market?’ This forecaster says investors will be shocked by what’s about to happen next Read More »

U.S. stocks struggling to make ‘crazy’ bounce-back rally stick as earnings season gets under way

U.S. stocks saw their first gains tumble on Friday as the market turned south after trying to build on a rebound in the previous session that marked what has been called one of the days of craziest market in history. Stocks fell after a closely watched survey showed consumer inflation expectations were on the rise, …

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Dow tumbles 600 points as stock market wipes out Wednesday bounce

U.S. stocks extended losses in afternoon trade on Thursday after a batch of economic data bolstered expectations that the Federal Reserve will continue to aggressively raise interest rates in its bid to rein in the tide. ‘inflation. How Stocks Trade The Dow Jones Industrial Average DJIA, -1.54% lost 614 points, or 2.1%, to 29,070. The …

Dow tumbles 600 points as stock market wipes out Wednesday bounce Read More »

Ford stock drops more than 4% as supply costs to jump by $1 billion, parts shortages to leave more cars unfinished

Ford Motor Co. shares fell more than 4% in Monday’s extended session after the company said inflation and parts shortages would leave it with more unfinished vehicles than it had expected, a reminder that Wall Street’s supply chain issues are far from over for automakers. Ford F, +1.43% said it expects to have between 40,000 …

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Why stock-market bears are eying June lows after S&P 500 falls back below 3,900

Goodbye, summer bounce. The S&P 500 ended Friday below a crucial chart support level that has served as a battleground for the past few years, leading technical analysts to warn of a potential test of the stock market’s June lows. “Over the past three years, the level on the [S&P 500] with the largest volume …

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Can the Fed tame inflation without further crushing the stock market? What’s next for investors.

The Federal Reserve isn’t trying to slam the stock market as it rapidly raises interest rates in its bid to quell still-burning inflation – but investors should be prepared for more pain and volatility as policymakers politicians won’t be intimidated by a sell-off, investors and strategists said. “I don’t think they’re necessarily trying to drive …

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Opinion: Adobe’s stock got slammed for spending $20 billion on Figma. But it now owns a rare company.

Adobe beat revenue and profit expectations and announced the same day that it would acquire a smaller but faster-growing rival in online design collaboration tools. The stock market rewarded the company by driving down its ADBE shares, -3.12% to the lowest level in almost three years. Investors punished the company not for its earnings report, …

Opinion: Adobe’s stock got slammed for spending $20 billion on Figma. But it now owns a rare company. Read More »

Meet the 30-year-old on the verge of selling his company to Adobe for $20B

Almost overnight, this 30-year-old has become the tech world’s newest titan – and is on his way to becoming one of the world’s youngest billionaires. Dylan Field, co-founder and CEO of San Francisco-based Figma, is set to enjoy an epic bargain after Adobe ADBE, -3.12% announcement plans to acquire his company for $20 billion this …

Meet the 30-year-old on the verge of selling his company to Adobe for $20B Read More »