NEW YORK, May 27 (Reuters) – Bad news may once again be good news on Wall Street, as signs of slowing US growth of hopes that the Federal Reserve may not need to tighten policy as much as previously expected. Home sales have fallen for a third straight month, while big misses from retail giants … Read more
For a complex transaction that had eight banks and four law firms listed as advisers, the deal came down to just two individuals quickly agreeing to one of the world’s largest technology deals on record. Broadcom’s Hock Tan and Michael Dell of the eponymous PC maker, architects of more dealmaking coups than many Wall Street … Read more
Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally became a confirmed uptrend as the major indexes snapped long weekly losing streaks. X Thursday’s follow-through day on the Nasdaq was followed up with further strong gains on Friday. Investors should be taking part in … Read more
Has inflation peaked? When we look at the data, there are encouraging signs in various sectors. Three of the most significant are Automobiles, Homes, and Labor / Wages: • Automobiles: The semiconductor shortage sent new car supplies down and prices higher; this also helped drive used car prices up. But industry insiders are confident semi … Read more
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 pm PDT, subscribe here. It’s Thursday, May 26, 2022, and we have a busy day of news on the site today. Here are the gems sparkling in the spotlight of our journalistic gaze. For later in … Read more
The SPAC boom brought a wave of companies to the public markets promising years of rapid growth and profits to investors. Two years since the boom began, many of these companies are already warning they may go bust. At least 25 companies that merged with special-purpose acquisition companies between 2020 and 2021 have issued so-called … Read more
This is the daily notebook of Mike Santoli, CNBC’s senior markets commentator, with ideas about trends, stocks and market statistics. The fifth S&P 500 rally of more than 5% since the Jan. 3 market peak is underway. The index is more than 8% higher than the intraday low for this downturn set a week ago. … Read more
US stocks snapped a seven-week losing streak on Friday, as investors bet that softening economic data would be enough to slow the Federal Reserve’s tightening of monetary policy. The blue-chip US equities index, the S&P 500, finished the week 6.6 per cent higher, its best showing since November 2020, ending the longest run of weekly … Read more
The combination of limited new supply options, increasing risks to traditional supply, and growing demand around the world, is set to send oil prices even higher this summer. Oilprice Alert: This month’s Intelligent Investor column, now available for Global Energy Alert members, highlights two oil and gas pipeline stocks that could provide strong income for … Read more
The stock market closed sharply higher Friday, extending the rally to a third day, to start the three-day weekend on encouraging inflation data. Tesla (TSLA), Apple (AAPL) and Boeing (BA) were among the blue chip winners. X The S&P gained 2.5%. The Nasdaq composite jumped 3.3% and the Dow Jones Industrial Average closed 1.8% higher. … Read more
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