Technology Stocks Take a Hit as Microsoft’s Earnings Disappoint

Microsoft is laying off 10,000 employees

The corporate earnings season is in full swing, and investors are feeling the heat as concerns grow about the struggles of some of the largest U.S. companies amidst rising rates and recession fears. On Wednesday, the Dow Jones Industrial Average fell by 190 points, or 0.56%, the Nasdaq Composite dropped 1%, and the S&P 500 … Read more

Powell warns of ‘some pain’ ahead as the Fed fights to bring down inflation

Recession obsession fears

Federal Reserve Chairman Jerome Powell delivered a stern commitment Friday to halting inflation, warning that he expects the central bank to continue raising interest rates in a way that will cause “some pain” to the U.S. economy. In his much-anticipated annual policy speech at Jackson Hole, Wyoming, Powell affirmed that the Fed will “use our … Read more

Stock futures fall on slowing China economy concern, following 4 straight weeks of S&P gains

US Stock Futures

U.S. equity futures were lower Monday, putting Wall Street on track to take a breather after another positive week, as traders braced for big retail earnings. Futures tied to the Dow Jones Industrial Average fell 199 points, or 0.59%. S&P 500 futures and Nasdaq 100 futures dipped 0.6% and 0.38%, respectively. Monday’s moves come after … Read more

The great unrest: How 2020 changed the economy in ways we can’t understand yet

National Guard troops pose for photograph the day after vote to impeach Donald Trump

In an earnings call this week, Yum Brands CEO David Gibbs expressed the confusion many people are feeling as they try to figure out what’s going on with the U.S. economy right now: “This is truly one of the most complex environments we’ve ever seen in our industry to operate in. Because we’re not just dealing with … Read more

“Fed’s 2% Inflation a Fairy Tale Ending in More”- Analysis

Somethigns gotta give at the Fed

Something’s Gotta Give at the Fed TL/DR “Inflation has to stabilize higher than 2%, unemployment must baseline above 5%, or GDP must go significantly lower. Something has to give.” Questions were asked about the rationale for several recent posts and opinions. Here are the top 3 of those answered in conjunction with a little context. … Read more

GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal

Recession obsession fears

The U.S. economy contracted for the second straight quarter from April to June, hitting a widely accepted rule of thumb for a recession, the Bureau of Economic Analysis reported Thursday. Gross domestic product fell 0.9% at an annualized pace for the period, according to the advance estimate. That follows a 1.6% decline in the first quarter … Read more

The U.S. housing market has gone cold

House US Real Estate

Low financing costs, excess savings, and a demand for more space during the pandemic fueled a frenzy in the housing market that sent home prices surging. Homebuyers, however, are now confronting an increasingly unaffordable housing market that’s been plagued by shortages. And with the Federal Reserve forcing financing costs higher in recent months, housing market activity has cooled off considerably. “Housing … Read more

Dow falls more than 500 points as Wall Street grapples with recession concerns

Recession obsession fears

Stocks fell on Tuesday as concerns about a possible recession in the U.S. weighed on investor sentiment. The Dow Jones Industrial Average fell 525 points or about 1.7%. The S&P 500 dipped 1.8%, and the tech-heavy Nasdaq Composite shed about 1.7%. Concerns about economic growth are hanging over investors as the U.S. market looks to … Read more