Times News Network
Text size Intel CEO Pat Gelsinger. Ting Shen/Bloomberg Under CEO Pat Gelsinger, Intel has committed to massively increasing its capital spending investments by tens of billions of dollars. But with a rapidly slowing global economy, repeated product delays, rising competitive threats, and political uncertainty, it might need more help to fund its ambitions. One good … Read More “Intel Should Slash Its Dividend. Its Future May Depend on It.” »
When the S&P 500 officially dropped into a bear market on June 13, closing down more than 20% from its last peak, it stirred debate about whether investors should hold tight or think about buying the dip. Battered stock prices SPX, -2.01% might look tempting for investors, but analysts at the Wells Fargo Investment Institute … Read More “How long will stocks stay in a bear market? It hinges on if a recession hits, says Wells Fargo Institute” »
A little more judging by stock futures reaction this morning. Thank China for some of that as the country announced the biggest easing in COVID travel requirements since about March 2020. China’s news may add to the sense that inflation has peaked, given the supply constraints that the lockdown there has produced. That brings us … Read More “Oaktree’s Howard Marks is finding bargains. ‘I am starting to behave aggressively,’ he says” »
Renting an apartment in New York City this summer? Say hello to sky-high prices and a fight to the finish. Amid the heat and the occasional rain, there’s a mad scramble to rent affordable apartments in Gotham, which has been undersupplied for many years. Realtors describe the mayhem when it comes to prices. “It’s nuts,” … Read More “‘It’s nuts’: Realtors describe chaos in New York City’s hot rental market” »
Citigroup analysts have cut their S&P 500 target for this year by 500 points to 4,200, after stubbornly high inflation spurred the Federal Reserve to aggressively raise interest rates. “Fed hawkishness and the rising real rate impact on valuations has been a defining feature” of the stock market drawdown in the first half of 2022, … Read More “Citigroup cuts S&P 500 target to reflect blend of recession, ‘soft landing’ scenarios” »
A general view of the Kremlin, Red Square and St. Basil’s Cathedral in central Moscow. AFP via Getty Images Text size Russia’s first default on its foreign debt in more than 100 years is the latest sign that the sanctions levied against the country after the Ukraine invasion have consequences. But it’s probably not that … Read More “The Russian Default Is Less Worrisome Than It Appears. Keep Watching Oil.” »
Text size Stocks have rallied in recent sessions as investors fears have eased over aggressive Federal Reserve tightening. Dreamstime Stocks continued their momentum from a rally last week and were rising Monday with fears easing over more aggressive interest-rate increases from the Federal Reserve. Futures for the Dow Jones Industrial Average rose 160 points, or … Read More “Stock Market Today: Dow Futures Rise as Fears Over an Aggressive Fed Ease” »
Text size One danger for investors in a down market is to overcorrect. Kriangsak Koopattanakij/Dreamstime.com The Federal Reserve’s annual stress test revealed last week that banks have enough capital to continue their operations through a possible recession. Now is a good time for preretirees to follow the central bank’s playbook and put their own finances … Read More “How Retirees-to-Be Can Stress Test Their Finances, Just Like the Big Banks” »
Text size A copper smelter in Jinhua, China. Copper prices, often a signal of where the economy is headed, fell 6% this past week. Top Photo/Sipa USA/Alamy The stock market has predicted nine of the past five recessions, economist Paul Samuelson famously quipped back in the 1960s. A half-century later, is the stock market driving … Read More “Stocks Break Out. There Are Signs Inflation and Interest Rates May Peak Sooner.” »
Russia exports roughly $19 billion of gold a year, and cutting off that revenue source will add to pressure on the Russian economy, according to Secretary of State Antony Blinken. Dreamstime Text size The U.S. and G-7 allies will ban imports of Russian gold as they continue to raise the pressure on President Vladimir Putin’s … Read More “G-7 to Ban Russian Gold, Adding to Sanctions Over Ukraine” »
