Login
Breaking News
Walmart   Lowe's Companies   Super Micro Computer   Berkshire Hathaway   marriott   Apple Inc.   Carnival Corp.   Intel   Exxon Mobil  

European Markets Drop 2%, Switzerland, Norway, UK Lift Rates

Sep 22, 2022
Bridgette Randall
Switzerland stepped out of the negative rate regime after inflation jumped to 3-decade high last month. Norway indicated future rates are likely to be moderate. The UK rates are still lagging by a wide margin to consumer price inflation.

U.S. Stocks Look Down as Yields Stay Above 4%

Sep 22, 2022
Barry Adams
Stocks on Wall Street accelerated declines as investors digest the implications of recent large rate hikes and future rate paths. The Fed reiterated its commitment to bring down inflation but six months of monetary tightening is having a minimal impact on inflation.

Stocks On Wall Street Plunge After Rate Hike and Projections

Sep 21, 2022
Barry Adams
The Federal Reserve lifted rates by a large amount for the third time in a row, sharply lowered its 2022 growth outlook and revised higher unemployment rate estimate. The interest rates are likely to go up by least another 125 basis points by the end of 2022.

Fed Hikes Rates by 75 Basis Points, Third Large-size Increase

Sep 21, 2022
Brian Turner
The Federal Reserve increased the key lending rate by 75 basis points for third time in a row and revised the fed funds target range between 3% and 3.25%. The Fed held out for more ongoing rate increases in the target range.

Movers: Apogee, Aurora Cannabis, Beyond Meat, Chemours, General Mills, Stitch Fix

Sep 21, 2022
Barry Adams
Apogee Enterprises lifted its annual outlook. Chemours lowered its annual view. Stitch Fix swung to a quarterly loss and a decline in revenues.

APOG BYND GIS ACB CC SFIX

Stocks Advance as Fed Battles Inflation and Diminished Credibility

Sep 21, 2022
Barry Adams
Stocks on Wall Street traded higher with all eyes on Fed's rate decision and comments on future rate paths. Fed is not only battling sky-high inflation but also its diminished credibility in tackling rapid price increases.

Bond Yields Rise Ahead of Rate Decision, Stocks Fall

Sep 20, 2022
Barry Adams
Treasury yields rise ahead of the Fed's rate-hike decision on Wednesday. and investors seek a deeper understanding of the future rate path and inner workings of the economy.



Movers: Change Healthcare, Cognex, Ford, General Motors, Humana, MicroStrategy, Oxford Industries

Sep 20, 2022
Barry Adams
Oxford, the parent of Tommy Bahama, lifted its annual earnings and sales outlook. Ford said costs are running ahead of expectation this quarter. A federal judge rejected Optum's plan to acquire Change Healthcare.

CHNG F HUM OXM CGNX GM MSTR

Oxford, Parent of Tommy Bahama and Lilly Pulitzer Lifts Outlook

Sep 20, 2022
Scott Peters
Oxford acquired California-based Johnny Was and lifted sales and adjusted earnings outlook for the fiscal third quarter and 2022.

OXM

Rate Anxieties Drag Major Averages 1%, Building Permits Fall

Sep 20, 2022
Barry Adams
Benchmark indexes drop 1% ahead of the rate decision tomorrow. Housing starts rose but less volatile building permits fell.

Autozone Same Store Sales Rise 6.2%

Sep 19, 2022
Scott Peters
Autozone expands its store network and revenues and earnings rose at a steady pace in the quarter. Stockholders' deficit surged as the retailer bought back its own stock using borrowed sums.

AZO

Stocks, Bond Yields and U.S. Dollar Advance

Sep 19, 2022
Barry Adams
Stocks closed higher and the yield on 10-year Treasury notes closed at a 11-year high. The U.S. dollar advanced ahead of the interest rate decision on Wednesday.

Movers: Autozone, Coinbase, Gamco, Homebuilders, Ralph Lauren, Theravance, Wix

Sep 19, 2022
Barry Adams
Autozone same store sales rise and repurchased $1 billion of its own stock. Ralph Lauren reiterated its fiscal year outlook. Airlines scale higher.

AZO GBL DHI TBPH COIN LEN RL WIX

Stocks In Holding Pattern Ahead of Rate Decisions This Week

Sep 19, 2022
Barry Adams
Stocks traded sideways ahead of the Fed's rate decision on Wednesday. This week, at least 12 other central banks are expected to revise rates and offer economic insights.



Global Markets Extend Weekly Losses On Recession and Inflation Worries

Sep 16, 2022
Barry Adams
Global markets extended weekly losses on the ongoing rate jitters and yet another sign of economic slowdown. Investors fear more earnings warnings to follow after the latest outlook revision from FedEx.