Christine Lagarde had good news to tell when she turned up in Davos three weeks ago to announce the International Monetary Fund’s latest economic forecasts. The global economy was doing better than expected pretty much everywhere, the IMF’s managing director said.
There was, though, another message, a warning not to...
1. Blame the bonds: The normally boring bond market is causing serious drama on Wall Street.
An avalanche of selling sent the Dow and S&P 500 careening 5% lower last week, one of the stock market's worst weeks since the 2008 financial crisis.
The culprit: Rapidly rising bond yields are alarming investors who got...
Oil prices rose by 1 percent on Monday, recovering at least some of last week’s steep losses as Asian stock markets found their footing after days of chaotic trading.
Looming over oil markets, however, was rising production in the United States which is undermining efforts led by the Organization of...
U.S. index futures implied a positive Monday open for stocks stateside after last week's volatile trade.
Dow Jones industrial average futures were up 151 points and S&P 500 futures traded 12.9 points higher during Asian morning trade. Nasdaq 100 futures gained 25 points.
Earlier, as of 8:44 p.m. ET on Sunday,...
A recent report compiled by research provider IHS Markit forecasts that there will be 33 million driverless cars on the roads by 2040, with sales expected to hit critical mass in 2021, when 51,000 such vehicles are expected to be sold. The autonomous car revolution isn't too far off,...
Week after week, several biotech stocks jump 30%, 40%, or even a lot more, thanks to positive clinical results, acquisitions, or other good news. Not this week, though. Few biotech stocks chalked up any positive gains in the wake of the market pullback.
Three biotech stocks still soared in spite...
Until this month, the scariest thing about the stock market was its uncanny calm and stability. Like the opening sequences of a classic horror movie, the market last year was relentlessly and unnaturally cheerful.
Well, now the ax has fallen and the stock market has begun a "correction" — financial...
Irrational exuberance has been exorcised from Wall Street, for now. A raucous week ended with the stock market having booked its most brutal decline in about two years.
Both the Dow Jones Industrial Average DJIA, +1.38% and the S&P 500 index SPX, +1.49% registered their worst weekly declines, about 5.2%...
The good thing about Las Vegas is everyone knows it’s a game of chance.
This is good, or only passably bad, for gamblers, since the odds favor the house, but it is very bad for market priests and writers. No one asks why you pulled a deuce — does it...
When it comes to corporate earnings, there actually can be too much of a good thing.
History has shown that years with particularly high profit growth, the chances are actually better that the market finishes lower. This comes about primarily when expectations get so high that even strong performance isn't...
