Some Wall Street analysts are predicting a market decline. Here’s when that might happen
Despite a rally in stocks so far this year, major financial institutions are now predicting a downturn due to lagged effects of interest rate hikes.
China’s Covid wave drives up consumer interest in insurance after health system shortfalls
More than 60% of non-policyholders now plan to buy health insurance, according to an Oliver Wyman survey of Chinese consumers in December.
Hong Kong stocks jump 2%, leading gains as investors digest slew of economic data
Hong Kong stocks jump 2%, leading gains as the region digests a slew of economic data.
Want to cash in on China’s reopening? Bank of America and UBS have some less obvious stock picks
The direct beneficiaries of China’s reopening have done well in recent months, but investors can still turn to less obvious stocks that have flown under the radar.
Nasdaq closes 1.7% higher as Tesla pops, Dow adds 200 points
Investors are parsing a slew of corporate earnings for insight into the health of the economy.
32-year-old brings in $39,000 a month renting his 2 boats to strangers—and only works 30 minutes a day
JP Mancini II took out $550,000 in loans to buy two boats. Now, he brings in $39,000 in revenue per month renting the watercrafts out to strangers.
Facebook and Instagram will reinstate Trump after two-year ban
The decision comes two years after Trump’s suspension on Facebook was enacted following the 2021 insurrection at the U.S. Capitol.
Chevron announces $75 billion stock buyback, dividend boost
The plan comes after a massive year for energy stocks, as a reopened U.S. economy and Russia’s invasion of Ukraine combined to drive oil prices hire in 2022
IBM tops revenue estimates, says it will cut 3,900 jobs
Growth in mainframe sales helped IBM avoid slipping back into a pattern of declining revenue. The company faces a high bar for free cash flow in 2023 and 2024.
GDP report could show solid fourth-quarter growth but still signal a recession is coming, economists say
Economic growth is expected to have slowed slightly in the fourth quarter, but was still solid, driven by a strong consumer.
