Markets

Stocks snap weekly losing streak on scaled back rate-rise expectations

Stocks snap weekly losing streak on scaled back rate-rise expectations

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Global financial markets snapped a losing streak on Friday, registering their first weekly gains this month as fears of a looming recession prompt investors to rethink how aggressive central banks will need to be in order to tame high inflation. Recent lackluster economic data has rippled across markets, with traders rapidly scaling back their expectations …

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New Home Sales Unexpectedly Rise But Housing Market Still 'Cratering'—Here's When Experts Predict Prices Will Fall

New Home Sales Unexpectedly Rise But Housing Market Still ‘Cratering’—Here’s When Experts Predict Prices Will Fall

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top line New home sales unexpectedly broke a four-month streak of losses and climbed more than economists projected in May, according to data released Friday, but experts note the reprieve may not last long, citing rising mortgage interest rates that are likely to continue curbing demand— likely pulling down record prices as soon as the …

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Retirees face threat from economy and market turmoil: Experts

Retirees face threat from economy and market turmoil: Experts

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A market drop, a price spike and a looming recession — this year has battered the finances of everyday Americans. But some can wait out the misery. Eventually, the market will likely improve, as will debilitating grocery and fuel costs. Older people and retirees, however, lack the luxury of time. For them, the twin crunch …

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capitulation: Is the market near capitulation? Here's what 3 decades of data suggests

capitulation: Is the market near capitulation? Here’s what 3 decades of data suggests

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The ferocity of the market correction since the start of 2022 is characterized by extraordinarily high volatility as the impulses of global liquidity tightening are spilling over into the tightening of financial conditions in India. The stagflationary trends that began emerging in Oct’21 have deepened recently and are coalescing into collective headwinds of scaling down …

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Is Nvidia the Best Stock to Buy During This Bear Market?

Is Nvidia the Best Stock to Buy During This Bear Market?

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Among the wreckage of stocks that are significantly down from all-time highs, you’ll find Nvidia (NVDA 5.55%). The graphics processor unit (GPU) manufacturer was previously a highly valued tech stock, but it has failed more than 50% since last November. Despite the price drop, Nvidia’s financials and outlook were solid in the company’s most recent …

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Stocks surge even though consumers feel lousy. Here's why

Stocks surge even though consumers feel lousy. Here’s why

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Investors cheered the drop in the University of Michigan’s consumer sentiment reading in June. why? Growing recession fears may mean that the Federal Reserve, which has begun to aggressively hike interest rates to fight inflation, could reverse course by the end of 2023 and cut rates again in order to deal with a slowing economy. …

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You'll know the bear market is nearing an end when anxious investors push the 'panic' button

You’ll Know the Bear Market Is Nearing an End When Anxious Investors Push the ‘Panic’ Button

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Textsize NYSE This article originally appeared on MarketWatch. The end of the bear market is not close. That’s according to a contrarian analysis of stock market sentiment: The US stock market hasn’t yet experienced the extreme pessimism seen at major bottoms. It may certainly feel like there’s plenty of pessimism and despair on Wall Street. …

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Damage from Hurricane Ida in Louisiana in 2021

Louisiana’s insurance market is collapsing right before hurricane season

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Last week, Louisiana insurance commissioner Jim Donelon held a press conference to announce some very bad news. A few months earlier, a major insurance company called Lighthouse had gone bankrupt, leaving almost 30,000 homeowners in the state without storm coverage. The company went under thanks to last year’s Hurricane Ida, which led to $400 million …

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