Why China-Taiwan tensions moved to the forefront of financial market worries

Why China-Taiwan tensions moved to the forefront of financial market worries

It’s an island off the coast of China, with a land area comparable to Maryland and Delaware combined. Its population is about 1 million higher than that of Florida. Often overlooked in world headlines, Taiwan is grabbing the financial market’s attention as the biggest macro risk of the day, prompting many traders and investors to … Read more

Stock market bottom or bear bounce? What skeptics want to see as S&P 500 extends gain

Stock market bottom or bear bounce?  What skeptics want to see as S&P 500 extends gain

US stocks on Wednesday were attempting to build on a big and broad Tuesday bounce, but skeptics aren’t yet convinced the move is more than a bear-market rally. Tuesday’s rally was “undoubtedly impressive, especially following a sharp reversal lower the previous day,” said Kevin Dempter, a technical analyst at Renaissance Macro, in a Wednesday note. … Read more

Dow clings to gain as earnings season kicks off, with investors scaling back Fed rate-hike expectations

Dow clings to gain as earnings season kicks off, with investors scaling back Fed rate-hike expectations

US stocks rose, but trimmed earlier gains, as investors focused on positive elements in the quarterly results of Goldman Sachs Group Inc. and Bank of America Corp. in an attempt to build upon upside momentum ahead of the Federal Reserve’s interest rate hike next week. How stocks are trading The Dow Jones Industrial Average DJIA … Read more

Beleaguered crypto lender Celsius files for Chapter 11 bankruptcy

Beleaguered crypto lender Celsius files for Chapter 11 bankruptcy

Calling it a “a defining moment,” embattled crypto lender Celsius Networks has filed for Chapter 11 bankruptcy protection. In a statement late Wednesday, Celsius co-founder and Chief Executive Alex Mashinsky said the filing in US Bankruptcy Court for the Southern District of New York “is the right decision for our community and company.” “I am … Read more

Expect the stock market to be driven ‘more by earnings than the macro,’ says Morgan Stanley’s Wilson

Expect the stock market to be driven ‘more by earnings than the macro,’ says Morgan Stanley’s Wilson

Earnings season will be a key test for the stock market after the S&P 500 last week closed out its worst half-year performance since 1970, said strategists from Morgan Stanley. The direction of stocks going forward will be mostly tied to second-quarter earnings as interest rate hikes and surging inflation reflect the growth slowdown more … Read more

Powell says no guarantee of soft landing for US economy

Powell says no guarantee of soft landing for US economy

Fed Chairman Jerome Powell on Wednesday said there was no guarantee that the central bank can engineer a soft landing for the US economy. “We think that there are pathways for us to achieve the path back to 2% inflation while still retaining a strong labor market. We believe we can do that,” Powell said, … Read more

Here’s what Goldman Sachs sees as the next big there-is-no-alternative-trade

Here’s what Goldman Sachs sees as the next big there-is-no-alternative-trade

The last trading day of May is being marked by weakness in stocks and surging crude prices, climbing after the EU hammered out a partial ban on Russian oil imports after that country’s invasion of Ukraine four months ago. That brings us to our call of the day from Goldman Sachs, who sees a budding … Read more

‘Bubble stocks popped’ but it’s still not safe to buy them, says Ray Dalio, founder of world’s biggest hedge fund

‘Bubble stocks popped’ but it’s still not safe to buy them, says Ray Dalio, founder of world’s biggest hedge fund

A bubble has burst for emerging tech stocks, but that doesn’t mean its safe or smart to go long those names right now, warned billionaire investor Ray Dalio. Dalio, the founder and co-chief investment officer of Bridgewater Associates, the world’s largest hedge fund, warned in January that emerging tech companies, including set-top box maker Roku … Read more

Opinion: Warren Buffett’s investing progress will go on forever after researchers cracked his investing code

Opinion: Warren Buffett’s investing progress will go on forever after researchers cracked his investing code

If you’re an investor in Berkshire Hathaway Inc., your performance need not suffer when Warren Buffett stops running the company. That’s according to researchers who claim to have created a stock-picking algorithm that, in back tests, performed just as well as Berkshire Hathaway. The existence of this algorithm is important for at least two reasons. … Read more

Robinhood Reports 43% Revenue Decline

Robinhood Reports 43% Revenue Decline

Robinhood Markets Inc.’s HOOD 6.10% revenue fell to $299 million in the first quarter, a decline of 43% from the same period last year and the company’s fifth consecutive quarterly drop. The company narrowed its loss to $392 million from a $1.4 billion loss in the same period last year. Its stock fell 10% in … Read more