Chip stocks have had a tough year — but one looks ‘really inviting,’ fund manager says
The massive sell-off in semiconductor stocks is an opportunity for bargain hunters. David Neuhauser says one has “a lot of value” and is “really attractive.”
Taking cover in government bonds ahead of a recession? BlackRock says that’s now an ‘obsolete’ strategy
“Recession fears are roiling markets,” but sovereign bonds are no longer a safe haven and “bond vigilantes” are back, says the world’s largest asset manager.
Asia-Pacific markets mostly lower as yen inches near 150 against U.S. dollar
Shares in the Asia-Pacific traded lower on Thursday as economic fears weigh.
Iran calls Western allegations that it supplied Russia with drones ‘disappointing,’ calls for peaceful resolution of war
Moscow has carried out devastating drone strikes against what Ukraine said were civilian targets as well as critical infrastructure such as energy facilities.
Stocks close lower for second day as Treasury yields continue march to new highs
Investors monitored surging Treasury yields for recession signals, and earnings season sparked big moves for individual stocks.
Elon Musk addresses Twitter takeover, possible recession on Tesla earnings call
Tesla’s net income (GAAP) for Q3 2022 reached $3.33 billion and automotive margins remained stable at 27.9%.
Treasury yields could be peaking soon and that could ease some pressure on stocks
The 10-year Treasury yield has been setting new 14-year highs, but strategists expect in a matter of weeks it could fall, relieving pressure on stocks.
The 60/40 portfolio has been suffering all year, but there are opportunities for long-term investors
The 60/40 portfolio’s annualized decline of 32% for 2022 is the worst in the past 100 years, according to Bank of America.
Biden says oil companies should ramp up production and cut prices at the pump instead of buying back stock, paying dividends
“You should not be using your profits to buy back stock or for dividends. Not now. Not while a war is raging,” Biden said to U.S. energy companies.
McDonald’s limited-edition adult Happy Meal toys are listed for as much as $300,000 on eBay
One opportunistic reseller is asking for $300,000.95 for three unopened toys.
