A strategist who anticipated the 2023 rally says he expects stocks to go nowhere for the rest of the year, while potentially struggling in 2024 as well, as corporate earnings growth fails to live up to Wall Street’s overly optimistic expectations. Barry Bannister, an equity strategist at Stifel, said in …
Devamını oku »Plug Power posts swelling losses, and its stock is losing juice
Shares of Plug Power Inc. were falling in Wednesday’s extended session after the alternative-energy company saw its losses for the second quarter swell more than Wall Street was anticipating. The company notched a net loss of $236.4 million, or 40 cents a share, compared with a loss of $173.3 million, …
Devamını oku »Trading in risky ‘0DTE’ stock options hits record and could spark a stock-market selloff, strategists say
Trading in stock options with extremely limited lifespans is surging to record highs just as the 2023 U.S. stock-market rally is showing signs of stalling. While in the past this this trade has been associated with subdued volatility in markets, some option-market experts fear the resurgence could set the stage …
Devamını oku »Pope Francis calls for ‘ethical reflection’ on AI
Pope Francis is concerned about artificial intelligence and whether it will be used for good or to fuel injustice. The pope said the new AI technologies are “endowed with disruptive possibilities and ambivalent effects,” according to a statement released Tuesday by the Vatican for its World Day of Peace in …
Devamını oku »U.S. stocks fall as a slide in tech shares weighs on Wall Street ahead of July inflation data
U.S. stocks traded lower Wednesday afternoon, but were off their session lows, after a slump in technology shares and a jump in U.S. crude oil prices weighed on Wall Street as investors absorbed news of deflation in China and looked ahead to the U.S. July consumer price index data due …
Devamını oku »Rivian stock sinks after solid quarter as Wall Street is ‘torn’ about the EV maker
Praise for Rivian Automotive Inc.’s better-than-expected quarterly results failed to boost the EV maker’s stock on Wednesday, with most analysts keeping their cautious view on the company and on the direction of the stock in the near term. Rivian’s shares RIVN, -8.51% dropped more than 9% on Wednesday, a day …
Devamını oku »Inflation in Argentina is running at 150%. Are there lessons for the U.S.?
U.S. core consumer inflation was running at a rate of 4.8% in June, trending down but still well above the Federal Reserve’s 2% target. And even though inflation is slowly heading in the right direction, some economists are worried that it might prove sticky. In Argentina, meanwhile, inflation is running at …
Devamını oku »5 things I learned while traveling with my wife and adult children
If you’re healthy, one of the best parts of unretirement (working part time with free time for other things) is the chance to travel when you want, where you want. Even better is the ability to travel with your spouse and adult children, as I just did in the Yellowstone and …
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