Recession is challenging inflation as top fear among stock and bond investors

Recession is challenging inflation as top fear among stock and bond investors

It’s easy to want to duck for cover given the carnage seen this year in stocks and bonds, particularly with the Federal Reserve vowing to wage an unconditional battle against high inflation. While inflation running at a 40-year high still sits near the top of the list of worries for many investors, another potential bugaboo … Read more

This star hedge-fund manager says some major tech names are now value plays, as he shorts one meme-stock favorite

This star hedge-fund manager says some major tech names are now value plays, as he shorts one meme-stock favorite

Stocks are on the rebound again, at least that’s the vibe from futures. That’s a day after Federal Reserve Chair Jerome Powell confirmed to lawmakers, what markets already knew — that a soft economic landing might be tricky while taming the inflation beast. Along with average investors, hedge funds have had a rough start to … Read more

Elon Musk joins the growing chorus fearing a US recession. But there are stocks for that.

Elon Musk joins the growing chorus fearing a US recession.  But there are stocks for that.

Look out above, the dip buyers are back in town. Stocks are soaring — for now — as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testifying in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its fall … Read more

$900 fill-up: High gas prices hit RV drivers more than most

$900 fill-up: High gas prices hit RV drivers more than most

Washington, D.C. CNN Business — Gas prices may be skyrocketing, but Americans still love their RVs despite the fact that they often get 10 mpg — or less. RV popularity boomed during the pandemic as travelers looked for safe ways to travel while maintaining social distance. Americans continue to turn to RVs even as they’ve … Read more

Inflation and Fed sparking one way trip to market misery: Jim Bianco

Inflation and Fed sparking one way trip to market misery: Jim Bianco

Until inflation peaks and the Federal Reserve stops hiking rates, market forecaster Jim Bianco warns Wall Street is on a one way trip to misery. “The Fed only has one tool to bring in inflation and that is they have to slow demand,” the Bianco Research president told CNBC “Fast Money” on Tuesday. “We may … Read more

Strategist who nailed the recent S&P 500 top says three things are needed for a market bottom

Strategist who nailed the recent S&P 500 top says three things are needed for a market bottom

Wariness is in order after the S&P 500’s bear-market finish and a potential 75 basis-point Fed hike just one day away. Gains for stock futures and a potential bounce are fading fast. Morgan Stanley’s Mike Wilson, who can count some wins after pounding the table this year over a gloomy stock setup, told clients on … Read more

The S&P 500 is clinging to a key support level after Friday’s meltdown, here’s what happens if that fails

The S&P 500 is clinging to a key support level after Friday's meltdown, here's what happens if that fails

Last week’s shock US inflation number continues to tear through markets, with dip buyers seemingly in hiding. Hardest hit Nasdaq-100 futures are down 3%. Investors are now squarely focused on Wednesday’s Fed outcome, with expectations the central bank may need to do something bold, driving even more anxiety out there. The aftermath of Wall Street’s … Read more

Gas prices: How much longer will Americans pay sky-high prices?

Gas prices: How much longer will Americans pay sky-high prices?

New York CNN Business — Soaring gas prices have done little to slow US drivers’ purchases at the pump. But they could start to spend less on other goods and services, which would be a strong headwind for an increasingly shaky US economy, experts say. In the week ending this past Saturday, there was a … Read more

Glencore Settles Corruption and Bribery Charges in US, UK, Brazil

Glencore Settles Corruption and Bribery Charges in US, UK, Brazil

Glencore GLNCY 2.32% PLC said Tuesday that it would pay at least $1.2 billion and that two business units would plead guilty to bribery in the UK and to conspiracy to violate US anticorruption laws, resolving criminal probes that have hung over the global mining and trading business for years. The long-awaited guilty pleas and … Read more

Glencore Settles Corruption and Bribery Charges in US, UK, Brazil

Glencore Settles Corruption and Bribery Charges in US, UK, Brazil

Glencore GLNCY 2.32% PLC said Tuesday that it would pay at least $1.2 billion and that two business units would plead guilty to bribery in the UK and to conspiracy to violate US anticorruption laws, resolving criminal probes that have hung over the global mining and trading business for years. The long-awaited guilty pleas and … Read more