‘She never explained anything’: I’m a senior citizen and I lost $100,000 in the stock market this year. Can I sue my financial adviser?

‘She never explained anything’: I’m a senior citizen and I lost 0,000 in the stock market this year.  Can I sue my financial adviser?

I am a senior citizen and have suffered major losses to the tune of $100,000 in the recent stock market turmoil. Can I sue my financial adviser? I understand the dynamics of the market as far as its ups and downs, and have ridden them out before. However, it’s been different with the market in … Read more

September sadness could explain why stocks are being hit hard this month

September sadness could explain why stocks are being hit hard this month

September appears to be the worst month for Seasonal Affective Disorder, which may be the missing link for why the month is so bad for the stock market. Seasonal Affective Disorder, or SAD, is a depressive mood disorder related to the change of seasons. While most of us have heard of SAD, few associate it … Read more

Meet the 30-year-old on the verge of selling his company to Adobe for $20B

Meet the 30-year-old on the verge of selling his company to Adobe for B

Almost overnight, this 30-year-old has become the tech world’s newest titan — and is poised to become one of the world’s youngest billionaires. Dylan Field, the co-founder and CEO of San Francisco-based Figma, is on the cusp of an epic windfall after Adobe ADBE, -3.12% announced plans to acquire his company for $20 billion this … Read more

Apple iPhone 14 event: A price hike is expected, but will there be ‘one more thing’?

Apple iPhone 14 event: A price hike is expected, but will there be ‘one more thing’?

Apple Inc.’s coming iPhone 14 lineup might not bring too many new features, but there could be one big change in store. After holding steady on iPhone prices a year ago, some analysts expect that Apple AAPL, -1.36% will increase the price of its iPhone 14 Pro models this year amid camera, chip, and design … Read more

US gains 315,000 jobs in August. Labor market still strong but shows sign of cooling.

US gains 315,000 jobs in August.  Labor market still strong but shows sign of cooling.

The numbers: The US added a robust 315,000 new jobs in August, showing that businesses still have a big appetite for labor even as the economy slows and worries about a recession grow. The increase in hiring basically matched Wall Street estimates. Economists polled by The Wall Street Journal had forecast 318,000 new jobs. The … Read more

Bill Ackman says fast-food chains are an inflationary shield. Here’s two he likes, and one he just sold.

Bill Ackman says fast-food chains are an inflationary shield.  Here’s two he likes, and one he just sold.

A cautious session is ahead for Tuesday, following the worst smackdown since June for major indexes. That’s as an increasing number of investors see the Fed pivoting from rate hikes to be a tall order in the face of stubbornly high inflation and a global growth mess. We’ll find out Friday when Fed Chairman Jerome … Read more

Apple plans to unveil iPhone 14 at Sept. 7 event: report

Apple plans to unveil iPhone 14 at Sept. 7 event: report

Apple Inc. is expected to unveil its latest line of iPhones and smartwatches on Sept. 7, according to a new report. Bloomberg News reported Wednesday that the tech giant will update its flagship smartphones amid a busy fall product rollout that includes three new Apple Watch models and multiple new versions of Macs and iPads … Read more

FAANGs ain’t what they used to be, so beware the bear-market bounce says this hedge fund manager

FAANGs ain’t what they used to be, so beware the bear-market bounce says this hedge fund manager

It’s been some rally. The S&P 500 SPX, -0.20% is starting the week at a seven-week high, bolstered by hopes for a less hawkish Fed and a sense that earnings pessimism was overdone. The benchmark stock index is up 12.6% from the recent low hit md-June, having delivered its best July performance since 1939, according … Read more

Opinion: Is Mark Zuckerberg taking the first step toward turning Facebook into Yahoo 2.0?

Opinion: Is Mark Zuckerberg taking the first step toward turning Facebook into Yahoo 2.0?

Yahoo was once the most popular website on the planet, the only place that everyone on the internet seemed to touch at least once an online session. After an ignominious slide, however, Yahoo is just another site that has some fans in certain parts of Asia and offers some niche products. Has Mark Zuckerberg launched … Read more

Buying stocks now could bring you pain over the next few weeks. But you’ll be thanking yourself a year from now, these analysts say.

Buying stocks now could bring you pain over the next few weeks.  But you’ll be thanking yourself a year from now, these analysts say.

How bad is the mood out there right now? Try max bearish. So said Bank of America’s latest fund manager survey on Tuesday that showed expectations for profits and growth at recessionary levels. Yet Wall Street rallied and more gains are ahead for Wednesday, partly on earnings optimism but also as some see all this … Read more