A strong market rally could be weeks away if the U.S. midterm election can put anxious stock investors at ease

If the U.S. midterm election cycle this year is anything like previous ones, the stock market will carve out a major right-hand low around Election Day in November. That should give some hope to beleaguered investors whose equity holdings have suffered double-digit losses so far this year. A significant rally could be in a few … Read more

Robinhood users buy and own businesses “they know, understand and believe in for the long haul”. Here are their favorite stocks.

According to a new index in the brokerage app aimed at new investors, tech companies, electric vehicle makers and some meme stocks are among the overall mix of stocks in Robinhood users’ portfolios. These are stocks like Amazon AMZN, +2.66%, Microsoft MSFT, +2.30%, You’re here TSLA, +3.60%, Apple AAPL, +1.88%, Ford Motor Company F, -0.32% … Read more

Robinhood users buy and own businesses “they know, understand and believe in for the long haul”. Here are their favorite stocks.

According to a new index in the brokerage app aimed at new investors, tech companies, electric vehicle makers and some meme stocks are among the overall mix of stocks in Robinhood users’ portfolios. These are stocks like Amazon AMZN, +2.66%, Microsoft MSFT, +2.30%, You’re here TSLA, +3.60%, Apple AAPL, +1.88%, Ford Motor Company F, -0.32% … Read more

The Fed’s Powell triggered a 1,000 point rout in the Dow Jones. Here’s what investors should do next.

Now might be a good time to consider hiding in short-term Treasuries or corporate bonds and other defensive parts of the stock market. On Friday, Federal Reserve Chairman Jerome Powell spoke of a willingness to inflict “a bit of pain” on households and businesses in an unusually blunt speech from Jackson Hole that hinted at … Read more

Study finds Pfizer’s antiviral has little to no benefit for young adults, and WHO says BA.5 omicron subvariant accounted for 74% of cases in past week

Pfizer’s COVID antiviral, Paxlovid, appears to have little to no benefit for young adults, although it still reduces the risk of hospitalization or death in older adults, according to a new Israeli study. Data from the study of 109,000 patients could renew questions about the US government’s use of Paxlovid, which has become the gold … Read more

Heroism fueled or not, the S&P 500 level is destined for another test of lows. These are the levels to watch, says this strategist

In the words of the great Bonnie Tyler: “It has to be safe, and it has to be soon, and it has to be larger than life.” The hero this market is waiting for is Fed Chairman Jerome Powell and he speaks on Friday, so it’s soon. Whether he is sure remains the question. “The … Read more

Nvidia’s sales forecast is about $1 billion lower than expected, shares fall

On Wednesday evening, executives at Nvidia Corp. forecast a further drop in revenue in the current quarter, after confirming an earlier warning by showing a sharp reduction in profits, while the chipmaker assured analysts that it was working on its inventory. For the third fiscal year or current quarter, Nvidia NVDA, +0.24% forecast revenue of … Read more

Nvidia’s sales forecast is about $1 billion lower than expected, shares fall

On Wednesday evening, executives at Nvidia Corp. forecast a further drop in revenue in the current quarter, after confirming an earlier warning by showing a sharp reduction in profits, while the chipmaker assured analysts that it was working on its inventory. For the third fiscal year or current quarter, Nvidia NVDA, +0.24% forecast revenue of … Read more

A new supercycle is emerging for the economy, and stocks will benefit, strategist says

It’s been an interesting summer for financial markets – more or less a series of mostly pessimistic economic data has traders thinking the Fed will ease the pedal, although over the past week they’ve been less and less convinced of this point of view. Taking a longer lens, Dario Perkins, managing director of global macroeconomics … Read more

Capitol Records ‘severs ties’ with IA rapper FN Meka, apologizes after being criticized for ‘crass stereotyping’

On August 14, Capitol Records announced that it had signed FN Meka, a digital rapper and TikTok influencer described by the label as “the first AR artist in the world to sign with a major label.” A press release by FN publicist Meka in 2021 described Meka as an “AI-powered robot rapper.” Meka’s first single … Read more