Dow down more than 300 points, US stocks edge lower on last day of S&P 500’s first losing quarter in 2 years

Dow down more than 300 points, US stocks edge lower on last day of S&P 500's first losing quarter in 2 years

US stocks fell Thursday afternoon to cap a quarter in which Federal Reserve monetary tightening and the Russian invasion of Ukraine have weighed on sentiment and has put the S&P 500 on track for its first quarterly loss in two years. How are stock indexes peforming? The Dow Jones Industrial Average DJIA, -1.56% fell 336 … Read more

Inflation Weighed on Consumer Spending Growth in February

Inflation Weighed on Consumer Spending Growth in February

Consumer spending growth, a key engine of the economy, slowed sharply in February, as the Omicron surge of Covid-19 eased and accelerated inflation amid Russia’s invasion of Ukraine. US households boosted their sending at a seasonally adjusted 0.2% pace in February from the month before, down from a revised 2.7% rate in January, when spending … Read more

Job Openings Ease Slightly From Record Highs

Job Openings Ease Slightly From Record Highs

Available jobs fell slightly for the second consecutive month in February after touching a record high late last year, a sign employers are able to fill open positions as the pandemic eases. Job openings are easing as the number of new coronavirus cases continues to fall, potentially freeing up more people to rejoin the workforce. … Read more

Billionaires like Jeff Bezos are big on owning farmland. Here are some ways average investors can play this sought-after commodity.

Billionaires like Jeff Bezos are big on owning farmland.  Here are some ways average investors can play this sought-after commodity.

Stock futures are rising, as optimism is in the air over a potential breakthrough for negotiations between Ukraine and Russia on Tuesday. Obviously not just markets would welcome a halt in the humanitarian disaster. Apart from that obvious point, other worries have focused on disruptions to farming in the global breadbasket of Ukraine. “The #1 … Read more

This fund bailed on techs at the end of the year. Here’s the sector it’s fading now.

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What better time to invest in financials than at a time with rampant inflation and a Federal Reserve promising 11 rate hikes over the next two years? That’s not the view at Deuterium Capital, which is expecting a sharp slowdown in the economy. The Deuterium Global Dynamic Allocation Fund is mostly driven by a macroeconomic … Read more

Fed official doesn’t think housing market is headed for a crash: ‘I am trying to buy a house here in Washington and the market is crazy’

Fed official doesn't think housing market is headed for a crash: 'I am trying to buy a house here in Washington and the market is crazy'

Federal Reserve Governor Christopher Waller has no doubt about how competitive today’s housing market is. “Trust me, I know it is red hot because I am trying to buy a house here in Washington and the market is crazy,” Waller said in a speech at a housing conference. But even as home and rental prices … Read more

Jamie Dimon’s ‘Marshall Plan’ Puts New Package on Familiar Energy Proposals

Jamie Dimon's 'Marshall Plan' Puts New Package on Familiar Energy Proposals

Text size JPMorgan Chase CEO Jamie Dimon. Michel Euler/Pool/AFP/Getty Images JPMorgan Chase CEO Jamie Dimon told President Biden at a Monday meeting that the United States needs a “Marshall Plan” for energy. The two spoke at a meeting attended by executives from large US energy companies like Exxon Mobil (ticker: XOM) and financial firms. The … Read more

Koch Industries breaks silence on Russia operations — and says it will continue to operate its two glass factories there

Koch Industries breaks silence on Russia operations — and says it will continue to operate its two glass factories there

Koch Industries Chief Operating Officer Dave Roberston. Koch Industries Koch Industries, the Wichita, Kan., company run by billionaire Republican megadonor Charles Koch, broke its silence on plans for its Russia operations on Wednesday — and said it would continue to operate its two glass-manufacturing facilities there. The company, which is bucking the trend of US … Read more

Stocks Waver After Rally on Fed Interest Rate Increase

Stock Futures Slip After Rally on Fed Rate Rise

US stock indexes wavered Thursday morning as traders refocused on the Ukraine war, which has driven up energy prices and threatened to hamper the global economy’s recent growth. The S&P 500 rose less than 0.1% in morning trading, after the broad-market index closed more than 2% higher in each of the past two consecutive sessions. … Read more

Stock Futures Slip After Rally on Fed Rate Rise

Stock Futures Slip After Rally on Fed Rate Rise

US stock futures and government bond yields edged down after the Federal Reserve raised interest rates for the first time since 2018 and investors turned their attention back to the Ukraine war. Futures tied to the S&P 500 declined 0.4%, pointing to a decline in the broad-market index after it closed more than 2% higher … Read more