Dow closes 400 points higher, but snaps four-week win streak on rising rate fears
Stocks rallied on Friday as investors drew conflicting conclusions about what the latest payroll numbers mean for future Federal Reserve rate hikes.
U.S. Commerce Secretary Raimondo doubles down on Biden plan to restrict American companies, and citizens, from helping China make semiconductor chips
Commerce Secretary Gina Raimondo backs the Biden administration’s new rules against U.S. companies and citizens helping China manufacture semiconductors.
Hedge fund Elliott Management sees world on path to hyperinflation and worst crisis since WWII
Elliott said the steep losses in asset prices this year are insufficient to reflect the “current mess” and “extremely challenging” environment.
Jim Cramer says to parse the Dow for recession-resilient stocks
“The Dow components all know how to handle a recession,” he said.
Paypal drops on light revenue forecast for Q4
PayPal shares fell more than after hours despite beat on earnings and revenue expectations for the third quarter.
Coinbase reports better-than-expected user numbers even as third-quarter revenue plunges
Coinbase has struggled this year as cryptocurrency prices have plunged and investors have rotated out of the riskiest assets.
October job growth could be slowest in nearly 2 years, but unemployment remains extremely low
This year’s hot pace of job creation may have slowed in October, but unemployment is expected to remain very low as worker shortages persist.
Short seller Jim Chanos says this ‘crummy’ entertainment company is ‘excessively overpriced’ and could drop 50%
Chanos believes Live Nation represents an ominous combination of excessive valuation and the rage for such investing themes as `reopening plays.’
Major analysts are talking about Robinhood’s third-quarter results. Here’s what they said
Wall Street analysts are impressed with Robinhood after it posted strong results for the latest quarter.
Inflation to dampen holiday spending, retail trade group forecasts
The National Retail Federation said it expects holiday sales to rise between 6% and 8% from last year — a decline when factoring in the effect of inflation.
