The U.S. economy has yet to face its biggest recession challenge

The U.S. economy has yet to face its biggest recession challenge

A person removes the nozel from a pump at a gas station on July 29, 2022 in Arlington, Virginia. Olivier Douliery | AFP | Getty Images You would be hard-pressed now to find a recession in the rear view mirror. What’s on the road, however, is another story. There is no historical precedent to indicate … Read more

Lyft, Carvana, Warner Bros. Discovery, DraftKings

Lyft, Carvana, Warner Bros.  Discovery, DraftKings

Confetti falls as Lyft CEO Logan Green (C) and Chairman John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. Shares of the ride-hailing app company were initially priced at $72. Mario Tama/Getty Images Find out which companies are making headlines … Read more

Gold price in rally mode on latest geopolitical tensions, but Friday jobs report could disrupt momentum – analysts

Gold price in rally mode on latest geopolitical tensions, but Friday jobs report could disrupt momentum – analysts

(Kitco News) Gold rose above the coveted $1,800 an ounce on Thursday due to heightened geopolitical tensions between the United States and China. But Friday’s next jobs report could disrupt the momentum, analysts said. December gold futures rose $33 on Thursday, hitting a daily high of $1,812. As of this writing, prices are at $1,808.20 … Read more

Morgan Stanley on market background and tech stocks, Nasdaq

Morgan Stanley on market background and tech stocks, Nasdaq

Stocks largely rallied in July, with the Nasdaq rebounding from previous declines. And Wall Street wonders if the markets have already bottomed out. Growth stocks such as technology have largely slumped this year due to monetary tightening, recession and other risks. And Morgan Stanley, in an Aug. 3 report, warned that while the Nasdaq has … Read more

US weekly jobless claims hit 260,000 ahead of nonfarm payrolls report

US weekly jobless claims hit 260,000 ahead of nonfarm payrolls report

A rental sign is displayed on the window of a Chipotle restaurant in New York, April 29, 2022. Shannon Stapleton | Reuters Initial jobless claims totaled 260,000 last week, near the highest level since November amid a shift in the U.S. labor market. The total for the week ended July 30 was in line with … Read more

Stocks rally after Wall Street rebound

Stocks rally after Wall Street rebound

SINGAPORE — Asia-Pacific stocks traded higher on Thursday after Wall Street rallied and as investors retreated from tensions sparked by the controversial visit of U.S. House Speaker Nancy Pelosi, Taiwan. Hong Kong’s Hang Seng Index jumped more than 2% earlier in the session and was last up 1.45%. The Hang Seng Tech index rose 2.21% … Read more

Fed’s Bullard predicts more interest rate hikes and no U.S. recession

Fed’s Bullard predicts more interest rate hikes and no U.S. recession

St. Louis Federal Reserve Chairman James Bullard said Wednesday that the central bank will continue to raise rates until it sees compelling evidence that inflation is falling. The central bank official said he expects an additional hike of about 1.5 percentage points in interest rates this year as the Fed continues to battle the lowest … Read more

Pioneer Returns Over 95% of Free Cash Flow to Investors in Earnings

Pioneer Returns Over 95% of Free Cash Flow to Investors in Earnings

Investing Club holding Pioneer Natural Resources (PXD) reported better-than-expected earnings after the closing bell on Tuesday. Total revenue of $6.92 billion exceeded expectations of $6.89 billion. Adjusted diluted earnings of $9.36 per share were better than the $8.81 per share expected by the street. Operating cash flow for the quarter of $3.22 a bit short … Read more

Fed’s Mary Daly says ‘our job is far from done’ to raise rates

Fed’s Mary Daly says ‘our job is far from done’ to raise rates

Mary Daly, president of the Federal Reserve Bank of San Francisco, poses after delivering a speech on the U.S. economic outlook, in Idaho Falls, Idaho, U.S. November 12, 2018. Ann Sapphire | Reuters The Federal Reserve still has a lot of work to do before it gets inflation under control, which means higher interest rates, … Read more

5 things to know before the stock market opens on Tuesday

5 things to know before the stock market opens on Tuesday

Here are the most important information investors need to start their trading day: 1. Stock futures in the red Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on June 30, 2022. Brendan McDermid | Reuters U.S. stock futures fell on Tuesday as investors worried about heated geopolitical … Read more