After a strong showing in July, when stock indexes rebounded from their 2022 lows of June, U.S. equities abruptly reversed course in August. Here’s the damage: Index Price change – July 29 through Aug. 30 Price change – 2022 through Aug. 30 Price change – 2021 S&P 500 SPX, +0.04% -3.5% -16.4% 26.9% Dow Jones …
Here are the worst (and best) performing stocks of August and for 2022 Read More »
Minneapolis CNN Business — In a blunt speech last Friday, Federal Reserve Chairman Jerome Powell warned that the central bank’s battle against inflation won’t come without some casualties. The Fed is firmly resolved to bring down inflation and to “keep at it until the job is done,” Powell said. But that plan — which involves …
Fed Chair Jerome Powell says ‘some pain’ is on the horizon. Here’s what that means Read More »
Bank of America’s results should be “respectable” in the face of a weakening economy, one analyst says. Photo via Smith Collection/Gado/Getty Images Text size In an ever-challenging macroeconomic environment, Bank of America should produce “respectable” results. At least, that is the summation of Credit Suisse analyst Susan Roth Katzke, who met with Bank of America …