‘We did not have a plan for a country to shut down’ — Cisco stock plunges 13% as China lockdown affects supply and outlook
Cisco Systems Inc. shares plunged in the extended session Wednesday after the tech bellwether’s revenue forecast came up more than $1 billion short of Wall...
A ‘summer of pain’ for stocks? Nasdaq Composite could plunge 75% from peak, and S&P 500 skid 45% from top, warns Guggenheim’s Scott Minerd
The carnage playing out in the U.S. stock market is likely an amuse-bouche compared with the devastation on the menu for the bulls in the...
Gold ends higher Tuesday, extending bounce from 3-month low
Gold futures finished higher Tuesday, extending a bounce from a three-month low as the U.S. dollar backed off from a nearly two-decade high. Gold for...
Coinbase stock slides toward all-time low as crypto trading falls off
Coinbase Global Inc. swung to a loss in its most recent quarter and posted lower-than-expected revenue as it lost 2.2 million crypto traders from its...
Gold little changed as dollar rally cools
Gold futures flipped between small gains and losses Tuesday, steadying after a surge in the U.S. dollar saw the yellow metal record its lowest close...
‘The pandemic boom in home sales is over’: Mortgage rates soar to highest level since 2009 as the Fed pressures the housing market
Mortgage rates are skyrocketing thanks to the Fed, but buyers who can tough out this difficult, changing market will be rewarded. The 30-year fixed-rate mortgage...
‘You don’t want to own bonds and stocks’ in this environment: Paul Tudor Jones
“‘You can’t think of a worse environment than where we are right now for financial assets…Clearly you don’t want to own bonds and stocks.’” —...
‘Buyers of a median-price home are looking at a monthly mortgage payment that is almost 50% higher than it was a year ago.’ The 30-year mortgage rate dips slightly to 5.1%
The interest rate on the country’s benchmark mortgage product edged downward for the first time since early March, but that doesn’t mean the housing market...
‘The Fed always screws up’: This forecaster sees inflation peaking and U.S. stocks in a bear market by summer
Keith McCullough, founder and CEO of Hedgeye Risk Management, has been bullish on gold, silver and utilities since the start of the year, when his...
U.S. Dollar Index climbs to highest level since March 2020
The U.S. Dollar Index DXY, +0.54% rose almost 0.7% on Friday to 101.25, a level last seen in March 2020 when investors world-wide piled into...