The Dow Jones Industrial Average, the oldest of Wall Street’s three main stock indexes, dropped 1.1 percent on Monday, extending the decline from its January peak to more than 20 percent, meeting a common definition for a bear market. Worries that the Federal Reserve’s war against decades-high inflation is pushing the U.S. economy into a…
Stocks Slump on Wall Street as Fed Steps Up Inflation Fight
Stocks closed lower Wednesday after the Federal Reserve made another big interest rate hike and sharply increased its outlook for how high it expects to raise rates in coming months. Short-term Treasury yields pushed further into multiyear highs after the central bank raised its benchmark rate by three-quarters of a point. The Fed also said…
How Major US Stock Indexes Fared Thursday Sept. 15, 2022
Stocks closed lower on Wall Street, putting major indexes deeper in the red for the week. The S&P 500 fell 1.1 percent on Thursday. The benchmark index is down for the week following the biggest pullback for the market in more than two years on Tuesday. Railroad operators were mostly higher after a tentative labor…
Jeremy Grantham Warns ‘Super Bubble’ in Stock Market Has Yet to Burst
One of the co-founders of asset manager Grantham, Mayo, Van Otterloo & Co. (GMO) has made a dire warning to investors, predicting that the stock market is currently in the midst of an unsustainable bubble that may leave many investors caught with their pants down. In an interview with Bloomberg, Jeremy Grantham, GMO’s chief investment strategist…
How major US stock indexes fared Wednesday Sept. 14, 2022
Stocks closed modestly higher on Wall Street after a day of veering between gains and losses. The tentative trading came a day after the market’s worst drop in two years, which was set off by fears that higher interest rates could cause a recession. The S&P 500 added 0.3 percent Wednesday. The Dow Jones Industrial…
Investing: How to Play a Shifting Economy
By Kim Clark From Kiplinger’s Personal Finance U.S. companies prospered for decades as new markets opened for their goods and labor costs plummeted thanks to overseas production. But now, the pandemic and spreading political and military conflicts have stretched supply chains past the breaking point, prompting companies to bring many operations closer to home, says…
How Major US Stock Indexes Fared Friday Sept. 9, 2022
Stocks closed broadly higher on Wall Street, breaking a three-week losing streak. The benchmark S&P 500 index rose 1.5 percent on Friday, but is still well below where it was in mid-August. Big gains for technology companies pushed the Nasdaq composite even higher. The Dow Jones Industrial Average also climbed, as did small-company stocks. All…
How Major US Stock Indexes Fared Thursday Sept. 8, 2022
The stock market recovered from a midday stumble and ended higher, staying on track for its first weekly gain in four weeks. The S&P 500 rose 0.7 percent Thursday. The Nasdaq composite and the Dow Jones Industrial average also ended higher after bumpy rides of their own. Interest rate policies were in focus as the…
Bed Bath & Beyond CFO Facing $1.2 Billion Stock Suit When He Fell to His Death From a Skyscraper
The executive vice president and CFO of Bed Bath & Beyond (BBBY), who took his own life by jumping from a Tribeca skyscraper on Sept. 2, had been facing a $1.2 billion stock suit since late August over allegedly inflating the company’s share value. A group of shareholders claiming a loss of around $1.2 billion sued…
Bed Bath & Beyond CFO Had Been Facing $1.2 Billion Stock Suit Before Suicide
The executive vice president and chief financial officer of Bed Bath & Beyond (BBBY) who died from an apparent suicide when he reportedly jumped from a New York skyscraper on Sept. 2, had been facing a $1.2 billion stock suit since late August over allegedly inflating the company’s share value. The New York City medical examiner’s office said CFO Gustavo…
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