The market’s big winners and losers in climate, health and tax bill

US Senate Majority Leader Chuck Schumer (D-NY) walks outside the US Capitol in Washington, US August 2, 2022. Jonathan Ernst | Reuters Want to know what the Inflation Reduction Act means for the market’s biggest companies, as well as for your wallet? When it comes to politics, you always have to follow the money – … Read more

The week in review, the week ahead — July 29, 2022

The major averages all gained for another winning week, capping the best month for stocks in 2022. It was also a week that perfectly exemplified why it’s often the expectations that matter far more than the actual numbers reported. On the macro front, in addition to a 75 basis point rate hike from the Federal … Read more

Investors should buy these ‘deflation enablers’ to counter an inflationary era, Morgan Stanley says

Surging prices, while a headache for every company, could force an acceleration of investment in technology that enhances productivity, and some innovative firms stand to benefit the most, Morgan Stanley found. The Wall Street firm believes that persistent inflation in areas such as labor and energy would give rise to transformational investment across industries. The … Read more

Dow down more than 500 points as brutal first half comes to close

US stocks opened sharply lower on Thursday following the release of closelywatched inflation data, while Wall Street was headed for its worst first half of the year in more than 50 years. How are stock-index futures trading? The S&P 500 dropped 72 points, or 1.9%, to 3,746. The Dow Jones Industrial Average fell 509 points, … Read more

Tech execs react to Roe v. Wade reversal: Gates, Sandberg, Wojcicki

Salesforce CEO Marc Benioff, Microsoft co-founder Bill Gates, and departing Meta COO Sheryl Sandberg were among noteworthy tech executives speaking out publicly on Friday’s Supreme Court ruling which overturned Roe v. Wade. The ruling ends constitutional right to abortion in the US, which has stood since 1973. Apple CEO Tim Cook, Tesla and SpaceX CEO … Read more

Adobe (ADBE) earnings Q2 2022

Shantanu Narayen, chairman and chief executive officer of Adobe Systems Inc., during a telecast of the SoftBank World event in Tokyo held in Kawasaki, Kanagawa Prefecture, Japan, on Thursday, Oct. 29, 2020. SoftBank World, the company’s annual two-day event for customers and suppliers, ends Friday. Akio Kon | Bloomberg | Getty Images Adobe shares fell … Read more

Cramer greenlights tech stocks, says Target news suggests inflation is peaking

CNBC’s Jim Cramer on Tuesday gave investors his blessing to consider purchasing beaten-down tech stocks after Target’s latest quarter indicated good news for the Federal Reserve’s fight against inflation. “The real greenlight here is on the beaten-down tech.… They might deserve a bit of a resurgence if they have profits and a total romp if … Read more

Why a strong dollar threatens a fragile stock market, but is a boon to the Fed

Microsoft Corp. isn’t the only US company pointing to the dollar’s surge as a potential problem. A strong dollar has been a hot topic this week since the software giant MSFT, -1.66% and Salesforce Inc. CRM, -1.85% pointed to challenges the currency is causing for earnings. It’s been flagged in other industries too, including by … Read more

Investors set their sights on upcoming inflation report as the bear market rally falters

The stock market may try to regain its footing in the next few sessions, even as a fresh inflation report looms large at the end of the week. Stocks struggled to move forward in the past week. With Friday’s sell-off, the major indices were on track to finish out the four-day period with losses. That … Read more

Buy when Wall Street overlooks ‘textbook bad news’

CNBC’s Jim Cramer on Thursday gave investors the go-ahead to buy shares of valuable companies that reported bad news, yet still managed to keep their stocks afloat. “The lack of new, broken-the-moment-you-buy-it stocks, and the horrendous declines in very valuable companies, have coalesced to create an environment where Wall Street’s willing to overlook some of … Read more