Investors are worried that the Fed will also continue to act, even though there is already evidence that consumers are starting to feel a one-two punch from higher prices and higher interest rates.
Stocks rallied sharply Monday, thanks to more strong earnings from big banks and a sigh of relief about new plans by the United Kingdom to scrap a controversial tax cut plan.
Markets plunged on Thursday morning after red-hot inflation data raised fears on Wall Street that the Federal Reserve would continue hiking interest rates aggressively. Then, something strange happened.
US stocks alternated between slight losses and modest gains Monday before eventually closing higher ahead of the Federal Reserve’s two-day policy meeting later this week.
Facebook, Twitter and Snapchat get all the buzz in the social media investing world. But Pinterest has sharply outperformed them all in 2020. Pinterest stock is up nearly 125% this year, easily outpacing Facebook’s more than 25% gain and the 40% and 60% jumps for Twitter and Snap. And several analysts think the image-sharing site […]
Zoom’s revenue surged more than 350% in the second quarter, and profits rocketed by nearly 10 times as much, as companies signed up for the video conferencing app to connect staff working from home during the pandemic. The California-based video communication service provider reported net profit of $185.7 million for the quarter through July 31, up nearly 3,300% […]
The stocks mega-rally hit a roadblock: A somber economic outlook from the US Federal Reserve and the 2 millionth coronavirus case in the United States has investors questioning whether they had boosted the stock market too far, too fast. US stocks plummeted into the close, with all three indexes recording their worst performances since March 16 — when the […]
Investors are bullish on travel stocks again. US airline stocks had an exceptionally strong week last week on rising hopes that summer travel would be better than originally feared. The nation’s four major airlines, which had lost between 40% and 68% of their value year-to-date through the end of May, all posted solid gains last week, including a […]
