Wall Street hasn’t been this jumpy about a recession since the Volcker era
A telltale recession signal on Wall Street hasn’t been this jumpy since the Volcker era some 40 years ago. Paul Volcker, chairman of the Federal Reserve from 1979 to 1987, relied on interest-rate hikes four decades ago to tame high inflation, a similar challenge faced by today’s Fed Chair Jerome Powell. The U.S. government in […]
SiriusXM to launch new app and streaming plan to target younger customers
(L-R) Scott Greenstein, Kevin Hart, Ashley Flowers, and Kelly Clarkson speak onstage during the SiriusXM Next Generation: Industry & Press Preview at The Tisch Skylights at The Shed on November 08, 2023 in New York City. Bryan Bedder | Getty Images Entertainment SiriusXM announced Wednesday that it will launch a revamped app and a newly […]
Beware Wall Street’s ‘cash on the sidelines’ myth
Here we go again. Wall Street is once again pushing the feel-good theory that there is a giant wave of money just waiting to come into the stock market and drive stock prices higher. MarketWatch’s Barbara Kollmeyer reports the latest sales patter from a big Wall Street honcho fest in Hong Kong. “There’s about $4 […]
NWSL announces media partnerships with CBS, ESPN, Prime and Scripps
Carli Lloyd of NJ/NY Gotham FC battles for control against in the second half of the NWSL Match against Sydney Leroux of Orlando Pride at Red Bull Arena on August 29, 2021. Ira L. Black – Corbis | Getty Images Sport | Getty Images The National Women’s Soccer League announced a four-year contract Thursday for […]
Why this Dow stock went from worst in 2022 to first in 2023
“In-favor stocks tend to fall out of favor, and vice versa.” Stocks’ yearly performance rankings are a field day for contrarians: One year’s worst often are the subsequent year’s best, and vice versa. Consider Nvidia NVDA, +2.95%, which is by far the best-performing stock this year among those in the S&P 500 SPX — up […]
All autoworkers deserve deals like those the UAW won
U.S. President Joe Biden puts on a t-shirt of the UAW Local 1268 during a United Auto Workers (UAW) union members meeting, in Belvidere, Illinois, U.S., November 9, 2023. Leah Millis | Reuters DETROIT – President Joe Biden said Thursday that all autoworkers deserve contracts like the ones recently won by the United Auto Workers […]
Moody’s cuts outlook on U.S. credit rating to negative from stable
Moody’s Investors Service late Friday cut its outlook on the U.S. sovereign credit rating to negative from stable, citing higher interest rates and doubts about the government’s ability implement effective fiscal policies. A negative outlook means that a rating may be cut in the future, but doesn’t mean that it will be. Moody’s continues to […]
Vince McMahon plans to sell shares in WWE parent TKO
World Wrestling Entertainment Inc. Chairman Vince McMahon appears in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 in Las Vegas, Nevada. Ethan Miller | Getty Images Vince McMahon plans to sell a substantial chunk of his stake in TKO, the parent company of WWE, the […]
Ron Baron expects SpaceX’s Starlink to go public around 2027
Billionaire investor Ron Baron told CNBC on Friday that he expects SpaceX to IPO its Starlink satellite internet service “in 2027 or so.” “We think that by the time they go public with SpaceX, with Starlink … in 2027 or so, four years, the company will be worth $250 billion to $300 billion,” Baron said, […]
Dow jumps over 250 points as stocks erase Thursday declines
U.S. stocks rose sharply Friday, more than erasing the loss seen the previous session in the aftermath of a poor Treasury bond auction and fresh signs that interest rates may stay higher for longer. What’s happening The Dow Jones Industrial Average DJIA rose 272 points, or 0.8%, to 34,164. The S&P 500 SPX was up […]
