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This week's best performers include Tesla and this bank stock
15 days ago | By CNBC
Financial stocks and some beaten-up technology stocks staged a rally this week even as the major averages headed for a week of losses.
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The huge wave of tech layoffs is laying the groundwork for a 20% rally among stocks in the sector, Wedbush says
15 days ago | By Business Insider
A photo illustration shows Google, Gmail and Google Maps app icons. Rafael Henrique/SOPA Images/LightRocket via Getty Images
Layoffs across tech are setting the stage for a 20% rally in the sector in 2023, Wedbush said Friday.
Tech companies have been "spending money like 1980's Rock Stars," the firm said.
Wedbush backed its call for tech stocks to rise up to 20% this year.
The massive round of layoffs rippling across Silicon Valley - with the latest announcement coming from Google's parent company - will help position stocks in the hard-hit tech sector to post up to double-digit gains in...
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3 Incredible ETFs Under $100 to Stock up on in 2023
15 days ago | By ETF Daily News
While the Consumer Price Index fell 0.1% in December, headline CPI rose 6.5% from a year ago, highlighting the persistent burden of rising prices in the US. The current inflation rate is far away from the Fed's 2% target. The Federal Reserve raised interest rates seven times last year as it battles the multi-decade high inflation, taking the...
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US stocks rise but eye weekly losses as wave of tech layoffs continues
15 days ago | By Business Insider
Reuters / Brendan McDermid
US stocks traded higher Friday but are on track to notch weekly losses.
The Dow this week is down more than 3.6%, while the S&P 500 is down approximately 2.5%.
Google parent Alphabet announced it will slash 12,000 jobs, or about 6% of its global workforce.
US stocks traded higher Friday but are on pace for weekly losses as the wave of layoffs in the tech sector continued. Google parent Alphabet will slash 12,000 employees, or about 6% of its global workforce, joining the trend of headcount reductions so far enacted by Amazon , Microsoft , Meta , Salesforce , and...
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The bloc agreed a price cap on Russian oil products earlier this week following heated debate EU member states will inevitably be hit by fuel shortages and skyrocketing energy... Read more ...
Schedule for Week of February 5, 2023
This will be light week for economic data. The key report this week is the December trade deficit. --- Monday, February 6th --- No major economic releases scheduled... Read more ...
Don't Be Stupid - The U.S. Economy Actually LOST 2.5 Million Jobs Last Month
I can't take it anymore. Fake numbers that are released by the government get turned into fake news by the corporate media, and many Americans don't even realize that they are... Read more ...
EU will face supply shortages after Russian oil ban - Bloomberg
New refineries in the Middle East are reportedly facing delays With a looming ban on the supply of Russian petroleum products, the European Union needs to find alternative... Read more ...
A jury clears Elon Musk of wrongdoing related to 2018 Tesla tweets
The verdict by the nine jurors was reached after less than two hours of deliberation following a three-week trial and represents a major vindication for Musk. Read more ...
EU agrees on new price caps for Russian oil
Limits on refined oil products will go into effect on February 5 The European Union will set the price of refined petroleum products imported from Russia at $100 per barrel for... Read more ...
Lawler: Net Home Orders and Sales Cancellations of Large Publicly-Traded...
Today, in the Calculated Risk Real Estate Newsletter: Lawler: Net Home Orders and Sales Cancellations of Large Publicly-Traded Home Builders A brief excerpt: Note from Bill... Read more ...
US adds a surprisingly strong 517,000 jobs despite Fed hikes
U.S. employers added a robust 517,000 jobs in January in a sign of a still-strong labor market despite Fed rate hikes. Read more ...
Fact sheet: Employers are charged with violating federal law in nearly 40%...
Employers regularly employ illegal tactics to suppress unions. An analysis of the latest government data on unfair labor practice charges and union elections shows that... Read more ...
A call for data-first security
Massive data breaches and data leaks occur all too often. It's time for a new evolution of cybersecurity: data-first security. Here's why: Read more ...