Donald Trump Makes a Return to a Very Select List

Guess who’s back, back again? Trump is back, tell a friend. Donald Trump has certainly been on the receiving end of a lot of bad news lately. Back on the list The former president is being sued by the New York State Attorney General’s Office for $250 million over “years of financial fraud,” involving inflated … Read more

This stock market rout looks like the dot-com bust of 2000, says investing guru

Forget about buying the dip, for a while. That’s John Duffy, founder and CEO of Trending Stocks, about why he thinks the stock market could be in for a long, early 2000s-style unwind akin to what happened in the wake of the dot-com bust. Duffy, who launched his investing platform this spring, pointed to similarities … Read more

Why a rising 10-year Treasury yield is rattling financial markets as it nears 4%

The 10-year Treasury yield, a vital benchmark that influences a vast array of consumer borrowing costs, is on its way to hitting 4% for the first time in at least 12 years — a development that’s starting to ripple across financial markets. The rate TMUBMUSD10Y, 3.996% soared to as high as 3.988% on Tuesday — … Read more

Why 2-year Treasury yields are ‘the base problem’ for the struggling stock market, according to this Morgan Stanley portfolio manager

It’s going to be tough for the US stock market to make much headway bouncing back from the bear market with two-year Treasury yields at or above 4%, according to Andrew Slimmon, an equity portfolio manager at Morgan Stanley Investment Management. “It’s hard to convince investors to take risk when the two-year risk-free rate is … Read more

Are you tempted to buy AMC’s new APEs? Be prepared to lose everything, the company warns

Shares of AMC preferred equity units, or ‘APEs,’ rose 5% Monday, while the company’s common stock fell 7.5%, after the company unveiled plans to sell another up to 425 million APEs. At current prices, the cinema chain could raise up to $1.6 billion from the sale of additional APEs, which was disclosed in a regulatory … Read more

Tim Cook and Apple Make a Move That Could Annoy China

Apple (AAPL) no longer wants to be surprised. Like the rest of the multinationals, the iPhone maker has been impacted by the covid-19 pandemic which has exacerbated the disruptions in supply chains. The restrictive measures and lockdowns imposed in China to limit the spread of the virus have particularly affected the local suppliers of many … Read more

A Ray of Sunshine Emerges in Residential Rental Market

Renting hasn’t represented much of an escape from high home prices and soaring mortgage rates during the pandemic. Rents have soared right along with homeownership costs. But a bit of good news has emerged on the renting side. The median asking rent for zero- to two-bedroom properties dipped 0.6%, or $10, to $1,771 in August … Read more

Morgan Stanley says investors should consider this port in the market storm right now

The great British pound selloff, credited with exacerbating a global rout for markets last week, looks set to continue wreaking some havoc on Monday. Economic woes in Old Blighty are adding to the markets’ growing list of anxieties, driving more investors into the dollar and out of perceived riskier assets such as US stocks and … Read more

Forget a soft landing. The market’s best hope is a “growth” recession

The Fed darkened its tone at last week’s policy meeting, warning of serious economic hardship ahead, and markets finally took the central bank at its word. The S&P 500, already in a bear market, experienced another major downswing on Friday. The Dow fell briefly into bear territory and closed at its lowest level since 2020. … Read more

Elon Musk May Lose a Lot in Three Days

It’s money time for Elon Musk. If summer has passed, autumn is off to a flying start for the richest man in the world. The tech tycoon has important appointments at the end of September that could have a considerable impact on the empire he is building. These appointments can also affect the image of … Read more