Premarket stocks: Retailers just sounded an alarm on inflation. It’s worth heeding

Premarket stocks: Retailers just sounded an alarm on inflation.  It’s worth heeding

What’s happening: Inflation is already causing consumers to pull back spending on some items as they look to cut expenses, a shift that will have major consequences for the next phase of America’s recovery from the pandemic, the country’s top chains revealed. Target reported a 52% drop in profit for its most recent quarter, stunning … Read more

Elon Musk and Twitter: Now It’s Personal and Ugly

Elon Musk and Twitter: Now It’s Personal and Ugly

It’s a saga that keeps markets and social networks in suspense. Since Elon Musk announced on April 4 that he owned 9.2% of Twitter (TWTR) – Get Twitter, Inc. carry and nine days later launched a $ 44 billion bid to acquire the microblogging platform, the many twists and turns in the story have come … Read more

Elon Musk Does Not Fear A Recession

Elon Musk Does Not Fear A Recession

Elon Musk makes the news. He is everywhere. The chief executive officer of premium electric vehicle maker Tesla (TSLA) – Get Tesla Inc Report is somewhat reminiscent of former Republican President Donald Trump when the latter was in office. Like Trump, Twitter is Musk’s main communication channel. Like the real estate developer, the tech tycoon … Read more

Crypto Rout: Another Stablecoin Falls After UST and Luna

Crypto Rout: Another Stablecoin Falls After UST and Luna

Crypto investors no longer know where to turn. Crypto pricing is now correlated with the stock market, which means that, as the saying goes, when the stock market coughs, digital-currency prices catch pneumonia. This has persisted this year due to fears of recession. That concern in turn has been fueled by inflation, which is at … Read more

Bitcoin Prices Are Plunging: Global Week Ahead – May 16, 2022

Bitcoin Prices Are Plunging: Global Week Ahead – May 16, 2022

There are four big box US retailer earnings reports this week. In the Global Week Ahead, the debate over the speed of monetary policy rate increases is likely to pick up steam. Stock traders enter the week with the Nasdaq index down -24.5% YTD, the S&P 500 down -15.6%, and Bitcoin (BTC) prices in a … Read more

Stablecoins were supposed to be ‘stable.’ Then the crash came

Stablecoins were supposed to be ‘stable.’  Then the crash came

On Twitter and Reddit, stunned Luna and TerraUSD investors tried to take stock of their losses after the cryptocurrencies’ dramatic collapses last week. The two cryptos took a beating as Terra – a supposed “stablecoin” that was meant to retain a $ 1 price point – lost its peg, and the connected Luna crypto dropped … Read more

Morgan Stanley: ‘Hard landing’ odds jump as investors worry about economic growth

Morgan Stanley: ‘Hard landing’ odds jump as investors worry about economic growth

The probability of a “hard landing” for the US economy has jumped, with stock and bond investors worried about slowing economic growth, according to Morgan Stanley’s wealth-management division. “The stock- and bond-market downturn has advanced to behavior resembling a classic cyclical bear market rather than simply a correction,” said Lisa Shalett, chief investment officer at … Read more

Is It Time To Jump Back Into Ford? Here’s How to Trade It

Is It Time To Jump Back Into Ford?  Here’s How to Trade It

The recent news has been messy. On Friday, Ford Motor (F) sold another 7M shares of electric vehicle start-up Rivian Automotive (RIVN) for about $ 188M. Ford had sold 8M shares of RIVN earlier in the week following the expiration of that firm’s IPO lockup period. Readers will remember that Rivian went public last November … Read more

Stocks week ahead: How resilient is the US consumer?

Stocks week ahead: How resilient is the US consumer?

Retail sales rose at a healthy 0.5% clip in March when compared to February and were up 6.9% from March 2021. Economists are expecting that the strong trend for retail lasted into April as well. The government will report retail sales figures for April on Tuesday. Forecasts are calling for a 0.7% jump from March … Read more