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If stock market FOMO is starting to annoy you, but you’re hesitant to buy stocks, here’s a solution: go small. Small businesses are still super cheap. These are not companies whose CEOs make headlines when they speak. You may have never heard of most of them. But when you buy their shares, you are investing … Read more
Font size The Rivian R1S should start shipping to customers in a few months. Thanks to Rivian Electric Truck Manufacturer Rivian Automotive reported a larger-than-expected quarterly loss but, most importantly, maintained its production estimates for the full year. The stock wobbled as investors digested the news. Rivian (ticker: RIVN) reported an adjusted loss per share … Read more
As investor sentiment shifts by the day, the US stock market rally in recent weeks may once again be in jeopardy, as rising real yields threaten to undermine market performance relative to the rest of the world. That is the view of James Reilly, assistant economist at Capital Economics. In a note released Thursday, he … Read more
Households, not hedge funds or large corporations, represent the largest class of owners of the US stock market. That matters because households, the “peaceful gorilla” in US stocks, have not fallen and risen despite this year’s sharp sell-off, meaning equities haven’t bottomed yet, according to a BofA Global. Collectively, households own about $38 trillion in … Read more
The S&P 500 index has finally broken out over resistance in the 4170 area — the first time it’s so high since early May. That was a formidable area of resistance for a long time, but Wednesday’s CPI data was enough to push it through. The SPX of the S&P, +0.49% next targets should be … Read more
A federal jury in Chicago convicted two former traffickers of JPMorgan Chase & Co.’s precious metals bureau, which had been accused of manipulating gold prices and found that they were using deceptive orders to manipulate prices. The convictions are the culmination of a seven-year campaign by the Justice Department to sanction a style of deceptive … Read more
A federal jury in Chicago convicted two former traffickers of JPMorgan Chase & Co.’s precious metals bureau, which had been accused of manipulating gold prices and found that they were using deceptive orders to manipulate prices. The convictions are the culmination of a seven-year campaign by the Justice Department to sanction a style of deceptive … Read more
Shares of Wheaton Precious Metals Corp. WPM, +0.66% moved 0.66% higher to $44.27 on Wednesday in what proved to be an overall favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE, +1.57% an increase of 1.57% to 19,885.94. Wheaton Precious Metals Corp. closed C$21.18 lower than the 52-week high (C$65.45) reached … Read more
Wednesday’s release of the consumer price index report for July contained enough downside surprises to give equity investors hope that the worst inflation may be behind us. Still, an undercurrent of concern persisted among big names like Pimco and BlackRock Inc., the world’s largest asset manager. According to Pimco economists Tiffany Wilding and Allison Boxer, … Read more
Wow, that was a bit scary: US consumer price growth slowed to 0% in July, the Labor Department reported Wednesday. Core price growth slowed to 0.3%, which was lower than expected. In the past 12 months, prices have risen by 8.5%, also below forecast. The soft reading appears to justify the 13% rally in the … Read more