With prices skirting a 17-month low, Dr Copper’s prognosis about the global economy is downbeat

With prices skirting a 17-month low, Dr Copper’s prognosis about the global economy is downbeat

Dr Copper has graded the global economy, and noted: “must do better.” The red metal is wryly considered by commodity watchers to hold a Ph.D in economics, because its use in a range of sectors, including home appliances, power generation and cars, helps it predict the trajectory of global growth. So, copper’s price initial drop … Read more

Opinion: The Federal Reserve can’t even get the direction of the economy right

Opinion: The Federal Reserve can’t even get the direction of the economy right

A year ago, the Federal Reserve turned a blind eye to the gathering storm of inflation. Now the Fed is missing another big problem: A rapidly slowing economy. In an effort to appear strong on inflation, the central bank can’t recognize that the economy is already downshifting to a slower growth rate. If it doesn’t … Read more

Mark Zuckerberg issues dire economic warning to Meta employees

Mark Zuckerberg issues dire economic warning to Meta employees

Mark Zuckerberg has issued a chilling message to Meta Platforms Inc. Employees: The company faces one of the “worst downturns that we’ve seen in recent history” that will necessitate a scaling back in hires and resources. The dire economic warning was delivered during an internal videoconference meeting on Thursday for Meta’s META, -0.76% 77,800 workers, … Read more

Michael Burry of ‘The Big Short’ fame thinks the market selloff may be ‘halfway there’

Michael Burry of ‘The Big Short’ fame thinks the market selloff may be ‘halfway there’

Blink and you’ll miss market-missive tweets doled out sparingly from Michael Burry, the investor who rose to fame after correctly predicting the collapse of the US market. In his latest now-you-see-it-now-you-don’t tweet, the founder of Scion Asset Management appeared to be flagging that markets may be halfway through the recent selloff, following a bleak first … Read more

Companies Raise Less Capital as Markets Drop, Interest Rates Rise

Companies Raise Less Capital as Markets Drop, Interest Rates Rise

Battling high inflation, interest rates and economic uncertainty, raised companies less capital in the markets during the first half of the year compared with the first six months of 2021, when inflation wasn’t as high and many businesses tapped cheap funding to replace higher -priced debt. The Federal Reserve, looking to curb persistent inflation, this … Read more

Recession fears are slamming the stock market. This GDP tracker explains why.

Recession fears are slamming the stock market.  This GDP tracker explains why.

Fears of a sharp slowdown are getting the blame for the stock market’s renewed slide while also driving a retreat in Treasury yields. A look at a regional Fed bank’s closely followed economic-growth indicator may justify investor jitters, said a top Wall Street researcher. The Federal Reserve Bank of Atlanta’s GDPNow model on Friday forecast … Read more

Stock Futures Suggest More Losses as Markets Wrap Worst First Half Since 1970

Stock Futures Suggest More Losses as Markets Wrap Worst First Half Since 1970

Text size As they begin July, traders are still stuck in a bear market. NYSE After a bruising first half for investors, the start of July isn’t promising any big breaks. US stock futures were down in after-hours trading after the major indexes closed lower on Thursday, capping the S&P 500’s worst first half in … Read more

Opinion: Why are Americans so grumpy about the economy? They’ve never lost so much purchasing power in one year, as the stimulus dries up and inflation boils over

Opinion: Why are Americans so grumpy about the economy?  They’ve never lost so much purchasing power in one year, as the stimulus dries up and inflation boils over

If you want to know why Americans are so grumpy about the economy, let’s start with the fact that despite strong job growth and sizable increases in wages, their incomes are simply not keeping up with inflation. Americans just don’t feel poorer—they are poorer. In fact, they have never lost so much purchasing power in … Read more

Opinion: Read the signs: S&P 500 keeps setting lower lows and lower highs

Opinion: Read the signs: S&P 500 keeps setting lower lows and lower highs

The S&P 500 index remains locked in a bear market, as the pattern of lower highs and lower lows continues (blue lines on the accompanying SPX chart). In fact, there is an even steeper downtrend line that can be drawn from the early April highs. The S&P SPX, -1.60% attempted another oversold rally over the … Read more

S&P 500 falls for 3rd straight day after Powell says no guarantee of soft landing for US economy, JP Morgan warns of recession risk

S&P 500 falls for 3rd straight day after Powell says no guarantee of soft landing for US economy, JP Morgan warns of recession risk

US stock indexes end mixed Wednesday, as investors focused on remarks by central bankers and from corporate executives, while fretting that soaring inflation is damaging the world’s biggest economy. How did stock indexes do? The Dow Jones Industrial Average DJIA rose 82 points, or 0.3%, to end at 31,029.31. The S&P 500 SPX edged down … Read more