corporate

Here are the worst (and best) performing stocks of August and for 2022

Here are the worst (and best) performing stocks of August and for 2022

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 »

The Rich Keep on Shopping. Here's What They're Buying.

The Rich Keep on Shopping. Here’s What They’re Buying.

When the going gets tough, the tough go shopping. That sentiment has long underpinned U.S. fiscal might, as consumer spending has fueled growth for decades and remains the major driver of the nation’s gross domestic product. No wonder then that the financial health of shoppers is in sharp focus now, amid the Federal Reserve‘s bid …

The Rich Keep on Shopping. Here’s What They’re Buying. Read More »

The Dollar Will Get Even Stronger. Why That Could Slam the Global Economy.

The Dollar Will Get Even Stronger. Why That Could Slam the Global Economy.

Even for mighty Microsoft , $595 million is a lot of money. That’s how much the software giant’s sales were reduced in the most recent quarter by the ever-stronger U.S. dollar. Indeed, a broad range of U.S. large-cap companies have been trimming forecasts due to a drop in repatriated profits that results from dollar strength.  …

The Dollar Will Get Even Stronger. Why That Could Slam the Global Economy. Read More »

Bank of America Can Shine in a Lousy Economy

Bank of America Can Shine in a Lousy Economy

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 …

Bank of America Can Shine in a Lousy Economy Read More »

The Housing Market Is in Recession. What It Means for Home Buyers.

The Housing Market Is in Recession. What It Means for Home Buyers.

Homes in Hercules, Calif. The Bay Area is seeing home-price growth stall. David Paul Morris/Bloomberg Text size In a matter of months, the pandemic’s red-hot housing market has chilled, recently entering what some economists have called a housing recession. The slowdown will contribute negatively to the economy but could present opportunities for some buyers who …

The Housing Market Is in Recession. What It Means for Home Buyers. Read More »