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Beware market bulls: The stock market’s stellar rebound this year could be driven merely by a short-lived trend. Investors started this year in a buying mood, pushing up prices of last year’s laggards, which is the logic behind Wall Street’s “January effect,” a theory that there is a seasonal rally …
Read More »Monthly Archives: March 2019
Kavanaugh, Gorsuch suggest letting states figure out gerrymandering as SCOTUS hears case
WASHINGTON – President Donald Trump’s two appointees to the Supreme Court suggested on Tuesday that partisan gerrymandering of congressional districts is already being solved by state action, a possible sign that the nation’s top court, dominated by a 5-4 conservative majority, will not step into the matter. The Supreme Court …
Read More »Bed Bath & Beyond soars after activists prepare to try to oust board
Patrick T. Fallon | Bloomberg | Getty Images Signage is displayed outside of a Bed Bath & Beyond Inc. store in Los Angeles, California, U.S., on Monday, Sept. 19, 2016. Bed Bath & Beyond shares rocketed more than 25 percent Tuesday as three different activist investors prepare to replace its …
Read More »Investors looking at wrong indicator, recession less likely
That scary bond market warning about a recession might not be the right thing to be watching after all. Goldman Sachs strategists, in a note, said yes, the yield curve has inverted, but in an unusual way, and it’s not sending the same powerful recession signal it has in the …
Read More »Oprah had best explanation for what Apple’s TV event was really about
David Paul Morris | Bloomberg | Getty Images Tim Cook, chief executive officer of Apple Inc., waves while onstage with Oprah Winfrey, chief executive officer of Oprah Winfrey Network LLC, during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Monday, March 25, 2019. Apple talked a …
Read More »GOP grassroots campaign sells Trump trade deal with Mexico, Canada to skeptical voters, lawmakers
Sarah Pabst | Bloomberg | Getty Images Enrique Pena Nieto, Mexico’s president, from front left, U.S. president Donald Trump, and Justin Trudeau, Canada’s prime minister, sit for photographs as Ildefonso Guajardo Villarreal, Mexico’s secretary of economy, from back left, Robert Lighthizer, U.S. trade representative, and Chrystia Freeland, Canada’s minister of …
Read More »These 10 restaurants could be the next Sweetgreen
Adam Glanzman | Bloomberg | Getty Images A worker prepares avocados inside a Sweetgreen restaurant in Boston, Massachusetts. Looking for a new restaurant to try out before its lines get too long? Fishbowl Analytics has got you covered. The firm released its sixth annual list of emerging restaurant brands Tuesday. …
Read More »Stock sectors to buy when bond market is flashing a recession signal
The bond market is flashing a recession warning. But certain stock sectors may still hold up. On Friday, the U.S. yield curve “inverted” — meaning the yield on the 3-month Treasury rose above the yield on the 10-year note. Historically, this means a recession is on the horizon. The last …
Read More »Tesla could rally nearly 40 percent, but it may not be a buy: Analyst
Analysts either love or hate Tesla. RBC slashed its price target on Monday, suggesting 20 percent downside, and reiterated an underperform rating. Meanwhile, the rest of the Street has an average $335 target, which implies 30 percent upside. Technical analyst Ari Wald is in the hate-it camp, arguing that aimless …
Read More »Kamala Harris wants to give every American teacher a big raise
Ethan Miller | Getty Images U.S. Sen. Kamala Harris (D-CA) speaks during a town hall meeting at Canyon Springs High School on March 1, 2019 in North Las Vegas, Nevada. Presidential hopeful Sen. Kamala Harris proposed a huge pay raise for American teachers on Tuesday, in her latest bid to …
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