Shares of Zillow Group Inc. fell Thursday after an analyst cautioned that the online real-estate company could be preparing to cut its financial forecasts when it reports earnings Aug. 4. Read more
Tag: Markets
Intel stock plummets after wide earnings miss, execution mistakes
Intel Corp. shares plunged in the extended session Thursday after the chip maker missed Wall Street estimates by a wide margin and cut its outlook for the year, acknowledging a Read more
House passes $280 billion package for chips, scientific research and Biden set to sign bill into law — here’s what’s in it
In a 243-187 vote on Thursday, the House approved a $280 billion bill focused on domestic semiconductor manufacturing and scientific research. The legislation is expected to get signed into law Read more
Stock market’s post-Fed bounce is a ‘trap’, warns Morgan Stanley’s Mike Wilson
“‘Ultimately, this will be a trap.’” — Mike Wilson, chief U.S. equity strategist and CIO, Morgan Stanley Morgan Stanley’s Mike Wilson, who correctly called the stock market’s 2022 swoon, isn’t Read more
‘Purchase demand continues to tumble’: Mortgage rates fluctuate, fall slightly on the back of the Fed’s rate hike
The 30-year fixed-rate mortgage averaged 5.3% for the week ending July 28, according to data released by Freddie Mac on Thursday. That’s down 24 basis points from the previous week Read more
Europe risks protracted gas crisis after Russia makes deeper cuts to natural gas flows, say economists
European natural-gas prices soared in the past two sessions after Russia’s state energy giant Gazprom on Monday said it would dramatically cut natural-gas deliveries through its main pipeline to Europe, Read more
Here’s the threat to markets if investors ignore ‘nontrivial’ stagflation risk
Financial market participants completely missed the non-transitory nature of inflation over the past year, failing in what one portfolio manager describes as “spectacular fashion.” Now, as investors and traders worry Read more
How to hedge ‘the most catalyst-packed week of the summer’ for markets, according to BofA
For investors willing to risk wading into the equities option market, BofA Global Research analysts suggested there’s still time to consider strategies tied to exchange-traded funds that could pay off Read more
Taco Bell ran out of Mexican Pizza already — here’s when it’s coming back
When Taco Bell YUM, +0.74% brought back its “Mexican Pizza” in May after a two-year absence, fans rejoiced. But now it appears those hungry for this mashup menu item are Read more
Amazon earnings preview: Recession fears could drive discounts for Amazon’s cloud computing services
With recession fears looming, Amazon.com Inc.’s cloud service business could be under pressure warns Mizuho Securities analysts in a note heading into the tech giant’s second-quarter earnings announcement scheduled for Read more