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265 articles
- Carmen Reinicke for Business InsiderSep 06 ’20
The world’s largest wealth manager explains why traders should stay invested amid the market’s latest downturn — and offers 3 specific recommendations
The stock market sharply sold off this week just days after the S&P 500 hit a fresh record high and notched its best August performance in 34 years. “We view the latest sell-off as a bout of profit-taking after a strong run,” said Mark Haefele, the c…
- Carmen Reinicke for Business InsiderSep 04 ’20
US economy beats forecasts, adds 1.37 million jobs in August as unemployment tumbles to 8.4%
The US Bureau of Labor Statistics on Friday said the US added 1.37 million jobs in August. That slightly exceeded the 1.35 million payroll additions expected by economists surveyed by Bloomberg. It marks the fourth straight month of job additions as …
- Carmen Reinicke for Business InsiderMar 09 ’20
One Wall Street firm says investors should focus on Apple and other ‘tech winners’ amid the market selloff
Daniel Ives of Wedbush said in a Monday note that investors should “take a deep breath and focus on the tech winners for the next 5-10 years, including Apple front and center,” amid the market rout. While the coronavirus outbreak has disrupted Apple’…
- Carmen Reinicke for Business InsiderMar 09 ’20
Tesla short sellers have made $1.3 billion today alone as the stock plunged
Tesla short-sellers gained more than $1.3 billion in mark-to-market profits Monday as the stock fell more than 10%, according to data from S3 Partners. That brings year-to-date mark-to-market losses for traders betting against Tesla to roughly $6 bil…
- Carmen Reinicke for Business InsiderMar 09 ’20
Energy stocks absorb 17% single-day plunge, hitting lowest level since 2004
The S&P 500 Energy Sector fell 17% Monday to its lowest level in 14 years. An oil price war over the weekend sent the commodity tumbling and sparked an energy-sector sell-off amid broader market panic about the coronavirus outbreak. Exxon Mobil fell …
- Carmen Reinicke for Business InsiderMar 09 ’20
Stocks could plunge another 6% from already-depleted levels as traders price in a recession, Morgan Stanley says
The S&P 500 could fall another roughly 6% to 2,600 as traders price in a potential recession amid the coronavirus outbreak, analysts at Morgan Stanley wrote in a Monday note. The firm maintained its bull, base, and bear case targets for the S&P 500 o…
- Carmen Reinicke for Business InsiderMar 09 ’20
A first-half recession is a ‘distinct possibility’ for the US and Europe, PIMCO warns
The US and Europe have a “distinct possibility” of recessions in the first half of the year amid the coronavirus outbreak, said Joachim Fels, global chief adviser at Pacific Investment Management Co., Bloomberg reported. Previously, PIMCO said there …
- Carmen Reinicke for Business InsiderMar 09 ’20
GOLDMAN SACHS: Oil could plunge another 43% as price war breaks out between global powers
Goldman Sachs lowered its second and third quarter outlook for Brent crude oil and said prices could fall to $20 per barrel amid a price war between OPEC and Russia. That would be another 43% decline in prices after oil already fell as much as 31% af…
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- Carmen Reinicke for Business InsiderMar 09 ’20
The stock bull market finds itself in crisis mode as it turns 11 years old. Here are the 4 reasons why it’s lasted so long — and why the end could be near.
Monday marks the 11th anniversary of the longest running stock bull-market. Since the post-financial crisis low on March 9, 2009, the S&P 500 has returned 339% through Friday’s close. Here are four main drivers of the market’s bull run, and why it co…
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- Carmen Reinicke for Business InsiderMar 05 ’20
Bill Ackman says he’s preparing his fund for the worst as coronavirus sends markets spinning
Bill Ackman of Pershing Square Holdings told investors Tuesday that he’s taken steps to protect the portfolio amid a volatile market induced by coronavirus panic. The firm’s approach has been to “acquire large notional hedges which have asymmetric pa…
