Stock Market Today: Dow Drops After Hawkish Remarks From Powell

Text size Fed Chairman Jerome Powell’s speech scheduled for Friday has hung over markets all week. Drew Angerer/Getty Images The stock market was falling Friday, as Federal Reserve Chairman Jerome Powell made hawkish remarks about monetary policy at the annual Jackson Hole Symposium, even in the face of declining inflation. After Powell’s comments, the Dow … Read more

Novavax slashes sales guidance in half, stock plunges 34%

Novavax Inc. executives slashed their annual sales guidance in half Monday while wildly missing financial expectations, sending shares down more than 30% in after-hours trading. Novavax NVAX, -5.01% now projects total 2022 revenue of $2 billion to $2.3 billion, after previously stating a goal of $4 billion to $5 billion. The U.S. Food and Drug … Read more

Disney, Coinbase, BioNTech, Rivian, and Other Stocks to Watch This Week

Text size Second-quarter earnings season continues this week, while a pair of July inflation figures and consumer sentiment surveys will be the highlights on the economic-data calendar. On Monday, Tyson Foods , BioNTech , AIG, and Take-Two Interactive Software will report. Coinbase Global, Norwegian Cruise Line Holdings , Sysco , and Ralph Lauren go on … Read more

The Bear Market Has Brought ‘Fear and Uncertainty’ for Gen Z. How They’re Coping.

Ella Gupta made her first investment when she was 10. With the help of her parents, she took half the profits of her bracelet-making business and invested in the stock market. At 14, she opened a Roth IRA, after beginning her first job cleaning dental instruments. Now, at 17, Gupta is confronting her first bear … Read more

25 Stocks That Could Rise on a Short Squeeze

Investors betting against electric-vehicle stocks take note: Five of 25 stocks that short-selling research firm S3 Partners identified this month as being at risk of a short squeeze are in the EV business. Short sellers fear short squeezes. To put on a short, investors borrow shares. If the stock falls, the short seller buys them … Read more

Why Is the Stock Market Down Today? Dow Sinks as Inflation Soars.

Text size The Federal Reserve under Jerome Powell is expected to continue raising interest rates. Olivier Douliery/AFP via Getty Images The stock market was sinking after inflation came in hotter-than-expected in June.  The Dow Jones Industrial Average has declined 334.83 points, or 1.1%, while the S&P 500 has fallen 1.4%, and the Nasdaq Composite futures … Read more

Warren Buffett’s Berkshire Hathaway reveals new stakes in Paramount, Citigroup

OMAHA, Neb. — Warren Buffett’s company on Monday revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks. But Buffett had already shared the biggest investments with Berkshire Hathaway BRK.A, -0.16% BRK.B, -0.34% shareholders at the company’s recent annual meeting. That means investors already knew that … Read more

Why did the stock market fall? Dow finishes nearly 1,000 points lower in worst day since October 2020

U.S. stocks fell sharply on Friday to suffer their biggest one-day drop since 2020, as investors continued to weigh hawkish comments on interest rates a day earlier by Federal Reserve Chairman Jerome Powell, as well as a fresh batch of corporate earnings that largely disappointed. How did stocks trade? The Dow Jones Industrial Average DJIA, … Read more

Stocks for the Recession That May—or May Not—Be Coming

Text size Exelon stock offers a little bit of offense to go with its defense. Dreamstime The yield curve briefly inverted this past week—and that’s a recession signal that is either like Paul Revere’s ride or the boy who cried wolf. The good news: Investors don’t need to decide which just yet. The yield curve … Read more

Terry Smith launches scathing critique of ‘dead’ Unilever-GSK deal

Terry Smith, the man behind the UK’s largest retail fund, launched a blistering attack against Unilever’s management as its bid for GlaxoSmithKline’s healthcare unit appears to have faltered. Unilever put forward an unsolicited offer of £50bn for the GSK business, but its hopes of a successful acquisition were dashed on 19 January after the consumer goods giant said it wasn’t … Read more