(Bloomberg) — For some investors, this year’s rout in high-flying tech stocks is more than a bear market: It’s the end of an era for a handful of giant companies like parent from Facebook, Meta Platforms Inc. and Amazon.com Inc. . Bloomberg’s Most Read These companies – known along with Apple Inc., Netflix Inc. and …
Investors call time on FAANG stock dominance after Nasdaq rout Read More »
Investors, like children on Christmas Eve, expect Santa Claus to come down the chimney, walk to Wall Street and deliver the rewarding gift of a stock market rally. This year, however, investors might be better off betting on a lump of coal, rather than waiting for tangible stock market gains to emerge this holiday season, …
Why stock investors shouldn’t count on a “Santa Claus” rally this year Read More »
Blackstone has warned of the risk of delaying the launch of a new private equity fund aimed at high net worth individuals, as it faces heavy withdrawals from investors in two other property and credit funds aimed at a similar clientele. The New York-based investment manager is preparing to open a fund called the Blackstone …
Blackstone may slow launch of private equity fund after investors pull out Read More »
It’s been a bumpy week for stocks. The market came under pressure at the start of the week as investors worried that the elevated wage pressure seen in the November jobs report could push the Federal Reserve to raise interest rates higher than scheduled for next year to fight inflation. After a brief midweek respite, …
Dow has worst week since September as investors anticipate CPI and Fed meeting Read More »
Fitch expects house prices in Australia and China to fall in 2023 Fitch Ratings expects house prices in Australia to fall significantly by 7% to 10% next year, it said in its latest outlook report. The agency also predicts that house prices in China will fall by 1% to 3% next year. “We expect prices …
Asia-Pacific markets mixed as investors assess economic risks Read More »
The former COO of disgraced blood testing startup Theranos, Ramesh “Sunny” Balwani has been sentenced to 155 months, or about 13 years, in prison and three years probation. After a three-month trial, Balwani was found guilty on 12 counts, ranging from defrauding patients and investors to conspiracy to commit fraud. Theranos CEO Elizabeth Holmes was …
Monday served as yet another blow to investors betting on a Goldilocks economy and a less aggressive Fed. Some are now not ruling out a Grinch-like turn from the central bank – a 0.75% rise next week instead of the 0.50% the markets had pinned their hopes on – following strong data on services, employment …
$3,000 gold and more outrageous market predictions investors shouldn’t discount. Read More »
Dow Jones futures were higher ahead of Tuesday’s open after the Dow Jones Industrial Average sold more than 480 points on Monday. Tesla stock plunged after several reports announced that Tesla plans to cut production of electric vehicles in China as demand appears to be weakening. X The electric vehicle giant has refuted the reports, …
Dow Jones plunges 480 points as investors fear Fed rate hike through 2023 Read More »
Monday’s sharp selloff could be the start of the next decline in equities as a sense of complacency has taken hold in markets after a bumper October and November, several strategists told MarketWatch. In a note to clients on Monday, Jonathan Krinsky, chief technical strategist at BTIG, said US stocks were poised to fall after …
Why Monday’s stock market rout should be a wake-up call for investors Read More »
Stocks in motion: CFF up 8%, Rational down 7% Swedish real estate company SBB saw its shares surge 8% mid-afternoon to top the Stoxx 600 after presenting its pro forma earning capacity for 2023 following the sale of shares in education unit EduCo. At the bottom of the index, German kitchen appliance maker Rational fell …
European markets fall as investors assess China’s Covid relaxation and oil moves Read More »
