Minutes from the Federal Reserve’s meeting in July — at which policy makers hiked the benchmark interest rate by 75 basis points, indicate stock-market participants were too quick to price in a “less hawkish” policy outlook, some strategists argued Wednesday. Federal Reserve officials in July agreed that it was necessary to move their benchmark interest …
The latest surge in stocks helped lift the Nasdaq Composite COMP, +2.09% out of bear-market territory on Wednesday and the Dow Jones Industrial Average DJIA, +1.27% to exit correction territory. But the sharp upswing also prompted debate about if investors should adjust their portfolios, pivoting away from defense plays. For the past month, growth stocks …
Inflation surge cools in July. Should you still play defense with your portfolio? Read More »
Believe it or not, investors do sometimes think about things that are not directly related to US interest rate policy. Of course, the debate over what the Federal Reserve does next matters. It is unquestionably the biggest issue of the moment. This week it dominated otherwise sleepy summertime market conditions yet again, thanks to data …
Wednesday’s release of the consumer-price index report for July contained enough downside surprises to give stock investors hope the worst of inflation may be behind. Yet an undercurrent of worry remained at big-name firms like Pimco and BlackRock Inc., the world’s largest asset manager. According to Pimco economists Tiffany Wilding and Allison Boxer, the details …
Traders, investors and economists are all counting on Wednesday’s consumer-price index report to show a decline in the annual headline U.S. inflation rate for July. But there’s another figure buried in the consumer-price index data that has the propensity to jolt markets. It’s called the core year-over-year CPI reading, a measure which strips out volatile …
Add another voice to the growing chorus of naysayers about the staying power of the recent rally in U.S. equities. The stock market’s rally since the Federal Reserve’s last jumbo rate hike in late July looks increasingly out of sync with macro fundamentals, particularly the roaring U.S. labor market, economists at Mizuho Securities warned on …
Why the S&P 500’s ‘bounce within a bear market’ could fizzle before it hits 4,200 Read More »
AMC Entertainment Holdings Inc. took Wall Street by surprise with the announcement of its “APE” special dividend after market close on Thursday. This, of course, is a company that is no stranger to bold moves, as evidenced by the movie theater chain’s $27.9 million investment in gold and silver miner Hycroft Mining Holding Corp. HYMC, …
AMC takes aim at massive debt burden with ‘APE’ special dividend Read More »
Corporate bond investors appeared pretty bullish on the metaverse Thursday, or at least about digital advertising. Meta Platforms Inc. META, -2.03%, the parent of Facebook, on Thursday saw roughly $30 billion in demand for its debut $10 billion, four-part U.S. corporate bond deal, according to a person with knowledge of the dealings and Informa Global …
BreAnn Scally quit her job at PetSmart in September of 2021. She had been bathing and grooming dogs at the retail chain’s Salinas, California, store for seven months, and she struggled to get by in such a pricey area on $15 per hour. She left in search of better pay and less stress. But PetSmart …
A PetSmart Dog Groomer Quit Her Job. They Billed Her $5,500. Read More »
Comment on this story Comment BreAnn Scally started working at PetSmart because she thought it would help her build the skills she needed to one day open an animal rescue, her childhood dream. Growing up, she used to spend her days walking her nana’s dogs, sometimes dragging her blanket into their kennel to snuggle. Scally, …
PetSmart offered free training. But it saddled employees with debt. Read More »