Welcome to the volatile markets of 2019. One day, the world’s biggest tech company, Apple (NASDAQ:AAPL), warns about a big slowdown in the world’s hottest economy, China. The whole market freaks out, and stocks drop over 2%. The next day, the world’s largest economy, the U.S., reports a stellar December jobs report. The whole market
For workers in their 50s, the career trajectory to retirement can start to look less like a straight track and more like the lift hill of a roller coaster — just before a series of scream-inducing drops, twists and rolls. Are your finances ready for that ride? To be sure, the current job market is
Fed Chairman Jerome Powell changed his tone on Fed policy, walking back a comment he made in December that rattled markets and made him sound rigid about the Fed’s balance sheet.
In mid-2018, streaming giant Netflix (NASDAQ:NFLX) was flying high. The stock was at $420, up fourteen-fold over the past five years, and the consensus belief on Wall Street was that it was only a matter of time before Netflix stock took out $500, and then $600. In July, though, Netflix reported its first subscriber miss
With its massive 5G network ready to launch, AT&T (NYSE:T) will play a critical role in the latest tech revolution. T stock suffered for years as declining business lines and intense competition weighed on the equity. But now with 5G wireless service beginning to appear, the company will play an increasingly critical role in the
Calling it a disappointment still seems something of an understatement. Canopy Growth (NYSE:CGC) stock, once one of the highest high-flyers among cannabis stocks, has become a major letdown. Traders and the financial media certainly couldn’t stop raving about Canopy Growth stock in August, shortly after Constellation Brands (NYSE:STZ) invested billions of dollars in the company,
What a difference a day makes. After the jobs report crushed expectations — adding 312,000 jobs vs. expectations for just 180,000 — and after Fed chair Jerome Powell made some dovish comments, U.S. stocks went into rally mode. The Dow Jones Industrial Average and S&P 500 climbed 3.5%, the Russell was up almost 4% and the
Federal Reserve Chair Jerome Powell just gave the stock market and the U.S. economy exactly what they needed to continue the steady growth they’ve seen in the last several years, CNBC’s Jim Cramer said Friday. In a group interview with former Fed leaders Ben Bernanke and Janet Yellen, Powell said Friday that he would be
Trade talks between the U.S.and China will dominate the market’s focus in the week ahead, while investors are also watching to see whether other companies join the ranks of Apple and warn about an earnings miss.
Warren Buffett once said, “Only when the tide goes out do you discover who has been swimming naked.” With the tide having gone out on the tech industry, we can see that Microsoft (NASDAQ:MSFT) and Microsoft stock were fully clothed. Although Microsoft stock now has a higher valuation than other longtime tech giants, at current levels,
Long-term Bank of America (NYSE:BAC) bulls would like to forget 2018. BAC climbed by more than 150% in 2016-2017. However, in 2018 it failed to sustain any lasting gains and ended the year more than 25% below its 52-week high. Higher interest rates, an inverting yield curve, and concerns about a slowdown may have spooked investors.
Tesla (NASDAQ:TSLA) has started 2019 in a disappointing fashion. The 3.8% rise in Tesla stock during 2018 has been nearly wiped out in two sessions, with TSLA stock already down 3% YTD, barring a strong Friday in wake of a strong jobs report. The culprit is an update from the company on fourth-quarter deliveries. A
U.S. stock futures are trading higher this morning as buyers emerge following yesterday’s tech-driven selloff. Credit for the buying binge goes to today’s jobs report, which shows the U.S. added 312,000 jobs in December which smashed economists’ expectations for 182,000 jobs. Ahead of the bell, futures on the Dow Jones Industrial Average are up 1.3%
Planning to buy a car? You could be driving for a long time before you’re out of debt. As interest rates rise and vehicles become more expensive, that new car smell increasingly comes with larger loans and lengthier terms. In December 2018, the average loan for a new car was just above $32,000, compared with
Check out the companies making headlines before the bell: