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US stocks suffer another week of losses, Dow Jones ends at lowest since November 2020 as bond yields hammer stocks after Fed rate hike

US stocks suffer another week of losses, Dow Jones ends at lowest since November 2020 as bond yields hammer stocks after Fed rate hike

US stocks closed sharply lower on Friday, with the Dow Jones Industrial Average ending at its lowest closing value since November 2020. All three major benchmarks suffered another week of losses as bond yields rose to the following the Federal Reserve’s interest rate hike on Wednesday. For the week, the Dow Jones fell 4% while …

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Growling Powell forces Goldman to cut its S&P 500 price target. Again.

Growling Powell forces Goldman to cut its S&P 500 price target. Again.

At the height of the bull market – which, boy, seems so long ago – the crazed call options punters inhabiting the Wallstreetbets channel had a favorite meme to explain why stocks would continue to rise. “Money Printer Go Brrr” featured a Rambo-esque Federal Reserve Chairman Jay Powell determinedly shooting greenbacks at anyone who could …

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The 7 worst housing markets, according to Lennar

The 7 worst housing markets, according to Lennar

Higher mortgage rates have reduced home sales nationally, but as the saying goes, all real estate is local. Lennar , the nation’s second-largest builder by market capitalization, listed the best and worst-resilient real estate markets on Thursday. The homebuilder was one of two to release earnings for the quarter ended Aug. 31 this week. Lennar …

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Stock Dividend Yields Exceed What Treasuries Offer

Stock Dividend Yields Exceed What Treasuries Offer

Text size JPMorgan Chase headquarters in New York. Nina Westervelt/Bloomberg Bond yields jumped, making many dividend-paying stocks less attractive. A quick glance, however, shows that reliable high-yield dividend names are indeed available. This was the year of rising yields. The 10-year Treasury yield rose to around 3.5% from 1.51% at the end of 2021. The …

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"Moore's Law Is Dead," Says Nvidia CEO Jensen Huang To Justify Rising Game Card Prices

“Moore’s Law Is Dead,” Says Nvidia CEO Jensen Huang To Justify Rising Game Card Prices

On Wednesday, Nvidia Corp. chief executive Jensen Huang said he thought it would be “a pretty great fourth quarter for Ada,” the company’s next-generation chip architecture unveiled this week, even as critics balk at a price hike during a slowdown in consumer demand. . NVIDIA NVDA, +0.65% expects strong demand for gaming chips using its …

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The Dow Jones Falls 500 Points Because Jerome Powell's Fed 'Ain't Gonna Blink'

The Dow Jones Falls 500 Points Because Jerome Powell’s Fed ‘Ain’t Gonna Blink’

It took stock market investors a while to make up their minds, but when the closing bell rang on Wednesday, it was clear they didn’t like what they’d heard from the Federal Reserve and its chairman. Jerome Powell. See: Fed Approves Third Big Interest Rate Hike, Signals More Before Year End Central bankers have also …

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The Dow Jones Falls 500 Points Because Jerome Powell's Fed 'Ain't Gonna Blink'

The Dow Jones Falls 500 Points Because Jerome Powell’s Fed ‘Ain’t Gonna Blink’

It took stock market investors a while to make up their minds, but when the closing bell rang on Wednesday, it was clear they didn’t like what they’d heard from the Federal Reserve and its chairman. Jerome Powell. See: Fed Approves Third Big Interest Rate Hike, Signals More Before Year End Central bankers have also …

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Ford's earnings warning shows the truck sector is strong.  Electric vehicles could improve it.

Ford’s earnings warning shows the truck sector is strong. Electric vehicles could improve it.

Text size A Ford F150 Raptor. Scott Olson/Getty Images Ford engine Shares fell after the company changed – but did not cut – its profit forecast due to parts shortages and cost inflation. Investors reacted in disgust by selling the shares. But they may have missed a silver lining in Ford’s update (ticker: F): Investors …

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Ford's big profit warning is very good news.  Ask Wall Street.

Ford’s big profit warning is very good news. Ask Wall Street.

Text size There’s a silver lining to Ford’s ugly update for the third quarter of 2022. Leon Neal/Getty Images Ford engine said a lack of parts and inflation would leave it with third-quarter operating profit well below consensus estimates. Still, Wall Street doesn’t seem all that worried Ford (ticker: F) or its peers. There are …

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There's only one 'perfect asset' to fight off all the bad news that might come, says this strategist

There’s only one ‘perfect asset’ to fight off all the bad news that might come, says this strategist

Ahead of that, stock futures fall after Ford warns of high supply costs, on the heels of FedEx’s FDX caution on earnings last week. The dollar and cash have been among the most popular havens for investors as they navigate recession risks with higher rates and higher inflation alongside a brutal war in Europe. But …

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