Good MorningEquity markets resumed their selling on Wednesday after comments from Fed chief Jerome Powell and weak earnings from the retail sector put the fear of recession back into the market. Jerome Powell says the FOMC will continue to raise rates until inflation subsides, a stance the committee has not held for many, many years. What this means for investors is that 50 basis point interest rate hikes should be expected through the end of the year and it should be no surprise if inflation lingers into 2023.
Next week, the market may get another shock with the monthly PCE Price Index. The index is the Fed's favored tool for measuring consumer inflation and it is expected to be hot. Regardless of the number, it would take a sustained period of declining and low inflation to get the Fed off the hook in regards to rate hikes. Featured: PhD Who Called 2008 Meltdown Issues New Predication (Legacy Research) 
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Markets | | | Dynatrace, (NYSE: DT) is a victim of its own success. The stock's revenues and share price were trending higher and higher quarter to quarter. Nothing looked to be able to stop it from reaching a new ATH and then some, which was until the market decided it was too expensive and has taken it for a ri... Read the Full Story |
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Markets | | | The pandemic vastly changed the way Americans spend money and now as they return to pre-pandemic behavior, they’re tripping up retailers again.
That dynamic has only been intensified in recent months as inflation jumps sharply, and the latest financial report from Target underscores ... Read the Full Story |
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Markets | | | Stocks fell sharply in afternoon trading on Wall Street Wednesday, led by led by steep drops in retailers as Target plunged after issuing a grim quarterly earnings report.
The S&P 500 fell 2.9% as of 12:03 p.m. Eastern. The Dow Jones Industrial Average fell 804 points, or 3.4%, to... Read the Full Story |
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Politics | | | ISTANBUL — Turkey’s president emphasized his opposition to Sweden and Finland joining NATO, stating Ankara would say “no” to their bid.
Speaking to a group of Turkish youth, Turkish President Recep Tayyip Erdogan accused the two countries — and especially Sweden — of being “a focus of... Read the Full Story |
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Politics | | | A federal appeals court has ruled that details of some of the conversations between the nation’s four largest railroads about their rates can now be included in lawsuits challenging billions of dollars they charged their customers Read the Full Story |
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From Our PartnersA new form of tech will cause a massive shift in the wealth divide in 2022. Details here. | | | | Continue Reading |
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Tech | | | Google says its Russian subsidiary is planning to file for bankruptcy because it can't pay staff and suppliers.
Russian state media reported Wednesday that the U.S. tech company's Russian subsidiary, Google LLC, submitted notice of its intention to declare bankruptcy to a national re... Read the Full Story |
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Markets | | |
Shares of Nvidia Corp (NASDAQ: NVDA) slipped more than 6.8% on Wednesday, to a value of $169.38, during what turned out to be a rather inexorable day on the trading floor. Indeed, every index suffered overall losses with the NASDAQ closing down more than 5%; the Dow Jones Industrial Average and th... Read the Full Story |
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Markets | | | Healthy consumer snacks and beverage company Simply Good Foods (NASDAQ: SMPL) stock has been performing relatively strong compared to the benchmark indices. The healthy lifestyle foods company includes well-known brands like Atkins and Quest Nutrition, commonly found in grocery and convenience store... Read the Full Story |
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Markets | | | Shoe Carnival (NASDAQ: SCVL) had a tough quarter in Q1 and shares are moving lower because of it. The problem is that revenue, margin, and earnings all fell relative to last year but there is a mitigating factor we think readers should be aware of. Read the Full Story |
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Markets | | | The TJX Companies (NYSE: TJX) proves that it is not all doom and gloom in the retail sector. While the front-line retailers like Target and Walmart are struggling with growth and margins the off-price retailers like The TJX Companies are coming into their own. Read the Full Story |
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Thursday's Early Bird Stock Of The Day Recruiter.com Group, Inc. operates an on-demand recruiting platform in the United States and internationally. It offers consulting and staffing services for the placement of professional recruiters; and consulting and staffing personnel services to employers. The company also provides referrals of qualified candidates to employers; and subscription to its web-based platforms that help employers recruit talent. In addition, it offers sponsorship of digital newsletters, online content promotion, social media distribution, banner advertising, and other branded electronic communications services for businesses; and resume distribution services, which involve promoting these job seekers' profiles and resumes to assist with their procuring employment, and upskilling and training for individuals to assist with career development and advancement. The company is based in Bristol, Connecticut. | | View Today's Stock Pick |
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