A bullish day is looming for equities after more upbeat inflation news as producer prices fell more than expected. That’s when the clock ticks down to Wednesday’s retail sales report. But while some investors cling to hope that last week’s stock run started with last week’s weaker CPI inflation report, Wall Street remains wary, with …
Amazon.com Inc. on Thursday predicted holiday sales and earnings to be well below analysts’ expectations as cloud growth slowed and Amazon Web Services earnings missed expectations by nearly $1 billion, sending stocks south in after-hours trading. AmazonAMZN, -4.06% executives guided fourth-quarter operating profit from break-even to $4 billion and vacation sales from $140 billion to …
Barclays BCS -1.00% PLC’s profits jumped in the third quarter, boosted by rising interest rates, increased use of credit cards by households and volatility in bond markets. Net profit rose 10% from a year earlier to £1.5bn, or $1.72bn, in the three months to September, the London-based bank said on Wednesday. London. The total exceeded …
Stock investors have adjusted to rising interest rates amid high inflation, but they still face the earnings headwinds facing the S&P 500, according to Morgan Stanley Wealth Management. “While a rate spike can solidify estimates of equity risk premium and valuation multiples, equity investors still face the second act of the bear market – the …
‘Material risk’ hangs over stocks as investors face ‘act two’ of bear market Read More »
“If you think about where we are right now, the Federal Reserve Board is fighting something it hasn’t really seen in nearly four decades, and that is inflation. Inflation is a bit like toothpaste: once you take it out of the tube, it’s hard to put it back in, isn’t it?” —Paul Tudor Jones Billionaire …
