Wall Street isn’t looking at a too-terrible day ahead, when you strip out tech that is. Late Wednesday was another cold, wet blanket for investors as Facebook parent Meta Platforms Read more
Tag: basic materials
Anglo American reports flat production, sees fourth-quarter sales affected by holidays in India
Anglo American PLC said Thursday that production in the third quarter was broadly flat on year and it expects sales in the fourth quarter to be affected by the normal Read more
Stock markets have been truly awful this year — but here’s a way that can help your next tax return
Here’s some consolation for anyone who’s been mauled in the stock market this year: the pummeling your portfolio has taken can offer some benefits next tax season. It’s a strategy Read more
Zillow confirms more layoffs amid housing-market slowdown
Zillow Group Inc. confirmed more layoffs Wednesday, as the real-estate services company grapples with a slowdown in the housing market. Bloomberg News reported Wednesday that Zillow laid off 300 employees, Read more
Home buyer demand sees ‘significant decline’ and it’s unclear when that will change, M/I Homes says
M/I Homes Inc. reported third-quarter profit and revenue that rose to record levels, as a 13% increase in average sales prices helped offset a “significant decline” in home buyer demand. Read more
Dow rises around 300 points as investors shake off weak tech earnings, assess pace of Fed rate hikes
U.S. stocks were mostly higher Wednesday as investors shook off disappointing results from tech behemoths Microsoft and Alphabet, while the Bank of Canada delivered a smaller-than-expected rate hike. How are Read more
Opinion: A revival in innovative manufacturing is playing a key role in supply chains across America
The country is less famous for manufacturing these days, but here’s what some may not know: We still make things — a lot of them. And what’s leading the way? Read more
It looks like China’s Xi ‘installed a war cabinet’ and removed the reformers, says Kyle Bass
“‘It looks like he installed a war cabinet and removed the reform and opening people,’” — Kyle Bass, Hayman Capital founder and chief investment officer. That’s Kyle Bass, founder and Read more
Why hopes for a Fed ‘pivot’ could be off-base, once again, based on a long history of inflation
Five times in the past year, investors and traders hoped the Federal Reserve would shift to an easier policy stance at some point and were wrong. While it remains to Read more
Stocks are having a stellar October. Why the bear-market rally may have more room to run.
Despite a raft of risky events that investors must face down over the coming weeks, some on Wall Street believe that the latest bear-market rally in stocks has more room Read more