In a wobbly stock market, Phil Camporeale, a portfolio manager at JPMorgan Chase & Co., is betting the US will avoid a recession. Rising interest rates are the “number one culprit this year for the volatility and the chaos” seen in the market, said Camporeale, a portfolio manager for JP Morgan Asset Management’s global allocation […]
Tag: INVESTING
Hi, MarketWatchers. Don’t miss these top stories. Alexander Skarsgard Selling His Place in NYC for $2.6M “The Northman” star Alexander Skarsgard is placing his East Village apartment on the market for $2.6 million, according to Architectural Digest. Read More Could we ever really get a 4-day work week in the US? Almost 80% of employees […]
Other meme stocks, including AMC (AMC), Bed Bath & Beyond (bbby) and Beyond Meat (BYND) also roared higher Thursday. AMC jumped nearly 10%, a much bigger gain than rival movie theater stocks cinemark (CNK) and IMAX (IMAX). Bed Bath & Beyond was up about 2%. Beyond Meat plunged 20% at the opening bell following weak […]
Remember when Matt Damon told you, “Fortune favors the brave”? Well, Twitter TWTR, -2.19% users do, and many of them are bringing up the viral Crypto.com ad, while prices for cryptocurrency like bitcoin BTCUSD, +1.26% and ether ETHUSD, -4.69% are slumping, and crypto exchange platforms like Coinbase COIN, +8.90% are losing billions in market cap. […]
The meltdown of 2022 has wiped out more than $7 trillion in market value from the blue chip stocks in the S&P 500. The index is down nearly 19% since the end of December. The Dow, which fell about 450 points Thursday, is down almost 14% as well. Tech stocks have been hit particularly hard. […]
The world’s biggest tech investor said Thursday that its Vision Funds had recorded a loss of 3.5 trillion yen ($27.5 billion) in the year ended March. That was a significant reversal from the unit’s performance from last year, when it had logged a healthy profit. At an earnings presentation in Tokyo, CEO Masayoshi Son acknowledged […]
Treasury Secretary Janet Yellen said Thursday that the turbulence in the cryptocurrency market is not a hazard for the stability of the US financial system. Yellen noted that TerraUSD USTUSD, -50.71% had decoupled from its $1 peg in recent days and the world’s largest stablecoin, tether, was briefly under similar pressure. Other companies in the […]
Most agree a recession could start to take shape in the United States over the next few months. The question is what shape that recession will take. Recessions and recoveries come in shapes and sizes as varied as the alphabet. Perhaps that’s why economists have come to name different kinds of economic downturns after letters. […]
This past week, the S&P 500 index plunged to new relative lows. It is now trading at prices last seen in March 2021. This latest move downward violated support at 4100-4200 and prompted a swift move down toward possible support at 3900. The next support area below that is 3700 – the lows of February […]
What’s happening: As of last Friday, the price of bitcoin had plunged almost 50% from its all-time high as traders — concerned about whether the Federal Reserve’s bid to fight inflation could tip the economy into a recession — dumped riskier investments. But in recent days, the implosion of TerraUSD, a high-profile crypto experiment, has […]