These stocks soared up to 12% after inflation cooled

These stocks soared up to 12% after inflation cooled

Amid the euphoria following what appeared to be the first sign of slowing inflation, stocks staged a broad rally on Aug. 10, with dozens of large-cap stocks rising 5% or more. Those included several tech names that investors loved during the early stages of the coronvirus pandemic, along with cruise lines, credit-card lenders and chip-related … Read more

The Nasdaq Composite Is Back in a Bull Market

The Nasdaq Composite Is Back in a Bull Market

The Nasdaq Composite is officially in a new bull market. The technology-focused index rose 2.9% Wednesday, reflecting a rise of more than 20% from its low in mid-June. It climbed with other major indexes after a softer-than-expected inflation reading raised investors’ hopes that the Federal Reserve may soon moderate the pace of its campaign of … Read more

Auto makers warn most electric vehicles won’t qualify for federal tax credit

But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax credit that large. That’s mainly because of the bill’s requirement that, to qualify for the credit, an electric vehicle must contain a battery built in North America with minerals mined or recycled on the continent. And those … Read more

Ford hikes price of the all-electric F-150 Lightning due to shortages, inflation

Ford Motor Co. this week will reopen its order banks exclusive to reservation holders for the all-electric F-150 Lightning pickup truck. With this round comes a slightly longer battery range and a higher sticker price for model year 2023. Citing “significant material cost increases and other factors,” the automaker said in a release it would … Read more

IRobot, DraftKings, Zillow, Lyft, AMC, and Other Stock Market Movers

Text size Corporate earnings were the main factor driving moves in individual stocks early on Friday. The (Photo by Spencer Platt/Getty Images) Stock futures were lower Friday as investors responded to news that hiring in July was far stronger than expected. Dow Jones Industrial Average futures were down 0.4%, S&P 500 futures were off 0.7%, … Read more

Barrick Gold Corp. stock falls Friday, underperforms market

Shares of Barrick Gold Corp. ABX, -0.59% shed 0.59% to C$20.17 Friday, in what proved to be an otherwise all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE, +0.22% rising 0.22% to 19,620.13. Barrick Gold Corp. closed C$13.33 short of its 52-week high (C$33.50), which the company reached on March … Read more

Glencore Profit Doubles on Energy-Market Volatility

Commodities giant Glencore PLC said profit more than doubled in the first six months of the year, boosted by significant market volatility stirred up by macroeconomic and geopolitical events—a theme it expects to continue for markets through the rest of 2022. The mining and trading company on Thursday reported a jump in first half adjusted … Read more

Caterpillar’s Earnings Are Good and Sales Top Estimates. But the Stock Falls.

Text size Caterpillar’s earnings and sales in the second quarter beat Wall Street expectations. Bernd Lauter/AFP via Getty Images Caterpillar reported second-quarter numbers that beat Wall Street estimates. The stock, however, was falling early Tuesday. Investors are worried about slowing sales from Cat dealers. Caterpillar (ticker: CAT) reported $3.18 in adjusted per-share earnings from $14.2 … Read more

Market Mayhem Triggers Deal-Making Drought – The Wall Street Journal

Market Mayhem Triggers Deal-Making DroughtThe Wall Street Journal

The Chinese Entity That Could Change The Iron Market Forever

It’s no secret that China believes in the concentration of power. However, that philosophy extends far beyond governance. It also dramatically affects the way the country does business. For instance, earlier this week, we saw the inauguration of the state-owned and centrally administered China Mineral Resources Group. Many mining companies perceive the move as China … Read more