Tesla Stock Keeps Falling. Even Some Bears Think It’s Dropped Enough.

Tesla investors have endured a brutal stretch thanks to, well, everything. The stock, though, may be close to a bottom now. Even Tesla bears are getting more bullish. In a Tuesday research note, Bernstein analyst Toni Sacconaghi called the risk/reward equation in Tesla (ticker: TSLA) stock more balanced at current levels. All analysts and investors, … Read more

Stocks Are Clawing Their Way Back. Consider These Moves for 2023.

Stocks Are Clawing Their Way Back. Consider These Moves for 2023.

Activision Stock Still Looks Like a Buy. Here’s Why.

Back in July, Barron’s made the case for buying Activision Blizzard stock in anticipation of Microsoft closing its $69 billion acquisition of the company. With Activision shares trading at a significant discount to the deal price, the stock looked closest to a sure thing in an increasingly uncertain market. Four months later, the risks of … Read more

Another jumbo Fed rate hike is expected this week — and then life gets difficult for Powell

First the easy part. Economists widely expect Federal Reserve monetary-policy makers to approve a fourth straight jumbo interest-rate rise at its meeting this week. A hike of three-quarters of a percentage point would bring the central bank’s benchmark rate to a level of 3.75%- 4%. “The November decision is a lock. Well, I would be … Read more

Stocks Poised to Fall Monday

U.S. stocks are poised for a slightly lower open on Monday ahead of another busy week of earnings and the Federal Reserve’s latest decision on interest rates on Wednesday. At 6:22 p.m. Eastern time Sunday night, Dow Jones Industrial Average futures were down 39 points, or 0.1%, while the S&P 500 futures were down 0.2%, … Read more

Peloton to Cut Another 500 Jobs. CEO Says It Has 6 Months to Turn Around.

Peloton Interactive has another six months to turn itself around or it likely won’t be a viable standalone company, according to its own CEO. Barry McCarthy made the comments in an interview with The Wall Street Journal, also revealing plans to cut another 500 jobs.

Stocks Poised to Open Higher on Monday

Stocks are poised to open higher in New York on Monday. Angela Weiss/AFP/Getty Images Text size U.S. stocks are poised to open higher on Monday as investors await the August reading on inflation. On Sunday night, Dow Jones Industrial Average futures gained 90 points, or 0.3%, while the S&P 500 futures climbed 0.4%, and Nasdaq … Read more

Bed Bath & Beyond Stock Sinks. It’s Cutting 20% of Jobs and Closing 150 Stores.

Text size Bed Bath & Beyond said it will close 150 of its stores and lay off 20% of its workforce to reduce costs. Joe Raedle/Getty Images Bed Bath & Beyond shares dropped on Wednesday after the troubled retailer said it was laying off a fifth of its workforce and closing more than a hundred … Read more

Fed Chief Talks Tough on Inflation. There’s More Pain Ahead for the Stock Market.

From left: Fed officials Jerome Powell, Lael Brainard, and John Williams ponder the great outdoors during a break at the economic symposium at Jackson Hole. David Paul Morris/Bloomberg Text size Grand Teton National Park has a stark warning for visitors to the Wyoming mountain oasis. “Bears are active,” it says on its website. “Travel in … Read more

AMC Stock Plummets on Cineworld Bankruptcy Option, APE Dilution

AMC Entertainment  (AMC)  shares plunged lower Monday after the movie theatre chain’s largest rival, Cineworld, confirmed it’s considering a Chapter 11 bankruptcy filing in the United States. U.K.-based Cineworld, which owns Regal cinemas in the U.S., hit a record low on Friday after the Wall Street Journal reported the Chapter 11 option, which the group … Read more