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Text size A Nio eS8 car is seen during the 19th Shanghai International Automobile Industry Exhibition in Shanghai on April 19, 2021. Hector Retamal/AFP via Getty Images The stock market is slipping again following Tuesday’s rout, with the S&P 500 off 0.2%. Here are stocks making moves Wednesday morning: 2U (TWOU) jumped 14% in the … Read More “Stocks Making the Biggest Moves Today: NIO Sinks, Tesla Slips, Carnival Slumps” »
Text size Fed chair Jerome Powell will deliver remarks at a central bank summit. Olivier Douliery/AFP via Getty Images Stocks wavered on Wednesday ahead of a summit of top central bankers where investors will closely watch for signals of the Federal Reserve’s pathway on monetary policy. Futures for the Dow Jones Industrial Average rose 40 … Read More “Stock Market Today: Dow Futures Waver Ahead of Powell Remarks at Summit” »
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.” »
Text size Vasant Narasimhan, CEO of Novartis. ERIC PIERMONT/AFP/Getty Images Pharmaceutical giant Novartis said Tuesday it will lay off more than 7% of its workforce, just a few months after CEO Vas Narasimhan announced a plan to simplify the organizational chart. Novartis (ticker: NVS) will chop as many as 8,000 positions out of the total of … Read More “Novartis Will Cut 8,000 Jobs Under CEO’s Shake-Up Plan” »
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” »
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 Microchip and Analog Devices have been touted by analysts as safer picks Dreamstime Two chip stocks that have been touted by analysts as safer picks amid the market’s general turmoil, and slowing demand for semiconductors, just saw significant buying by insiders. Morgan Stanley analyst Joseph Moore wrote in a report this month that … Read More “Slumping Chip Stocks Microchip and Analog Devices See Insider Buying” »
Text size It will be an economic-data heavy week, but there are several notable companies reporting earnings as well. They will include Nike and Jefferies Financial Group on Monday, then General Mills and McCormick on Wednesday. On Thursday, Constellation Brands, Micron Technology , and Walgreens Boots Alliance will report. Investor days will come from FedEx … Read More “Nike, Walgreens, FedEx, Constellation, and Other Stocks to Watch This Week” »
The outlook for the semiconductor sector is moving from bad to worse, and investors appear to be moving their money into the software sector as a result. Pessimism about the future of the chip sector has been growing after a mixed round of forecasts in the second quarter, with analysts signaling that the pandemic-driven boost … Read More “Pessimism on chip stocks is hitting a new high, and the money seems to be flowing toward software” »
