Wealth manager Dan Veru believes US stocks could experience a sustained decline, before starting a “strong rally” later this year. A broad-based rally in US stocks in July stoked hopes of a sustained rally in equities. Speaking on CNBC’s “Squawk Box Europe” before the start of Monday’s US trading session, Veru attributed July’s good results … Read more
Font size Caterpillar earnings and sales for the second quarter beat Wall Street expectations. Bernd Lauter / AFP via Getty Images Caterpillar reported second-quarter numbers that beat Wall Street estimates. However, shares fell early Tuesday. Investors are worried about slowing sales from Cat dealers. Caterpillar (code: CAT) report $3.18 in adjusted earnings per share from … Read more
Font size Ford’s Halewood plant in Liverpool, England. Paul Ellis / AFP via Getty Images Investors were hoping for a strong income prospects from Ford Motor . They got it – and the stock is skyrocketing. Wednesday evening, Ford (code: F) report profit of 68 cents a share and operating profit of $3.7 billion on … Read more
Font size Concerns about inflation and recession have weighed on investors. Ed Jones/AFP via Getty Images The stock market fell on Tuesday after Walmart warns that inflation will eat into its earnings as consumers’ spending habits change. By noon, Dow Jones Industrial Average fell 214 points, or 0.7%, while S&P 500 fell 1.2% and Nasdaq … Read more
There has been much debate among market watchers about when this bear market will bottom, after a volatile first half of the year for stocks. But Morgan Stanley’s chief investment officer believes the end of this bear market will come “quite quickly”. Mike Wilson, also the chief equity strategist at the US investment bank, told … Read more
Font size Shenzen-based BYD has overtaken Elon Musk’s Tesla to become the world’s largest maker of electric vehicles in terms of sales. Qilai Shen / Bloomberg Warren Buffett-Match BYD sell more cars Tesla in the first six months of the year, but that doesn’t mean it sold the most battery electric vehicles. First, the titles. … Read more
Phonlamaiphoto | Istock | beautiful pictures Months of stock market volatility, rising inflation and rising interest rates have left many investors wondering if a recession is imminent. The stock market fell again on Thursday, with S&P 500 its limit worst six-month start to a year since 1970. As of now, it is down more than … Read more
Phonlamaiphoto | Istock | beautiful pictures Months of stock market volatility, rising inflation and rising interest rates have left many investors wondering if a recession is imminent. The stock market fell again on Thursday, with S&P 500 its limit worst six-month start to a year since 1970. As of now, it is down more than … Read more