Money
The 2022 Investopedia Terms of the Year
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2022 has been quite a handful for investors. The year has been marked by a vicious bear market, record-high inflation, hawkish central banks around the
Money
Crypto’s Horrible, No Good, Very Bad Year
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Crypto fans paid a high price for lessons learned from a dreadful 2022: Decentralized finance, or DeFi, is vulnerable to hacks. A Stablecoin is anything but.
Money
Surveying the Investor Landscape for 2023
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This year gave investors just about all we could take: bear markets across the globe that wiped out $22 trillion in wealth, a 40-year high in inflation
Money
‘Staggering’ Volume of Off-Balance Sheet Dollar Debt Is Partly Hidden
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A «huge, missing and growing» pile of debt held by non-U.S. institutions may total as much as $80 trillion, according to a report this week from
Money
The New York City Recovery Index: November 28
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Note: Investopedia did not publish an update to the New York City Recovery Index last week, which would have tracked the city’s recovery for the week ending November 12.
Money
Bank of America Warns of Labor Collapse, Stock Selloff in 2023
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It its latest market and economic forecast, Bank of America warned of a collapsing U.S. labor market and a potential rise in unemployment next year.
Money
OPEC+ Keeps Production Cuts as EU Bans Russian Oil
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This could prove to be a pivotal week for the oil markets. OPEC and its allies including Russia agreed to pause any production moves as a Group of Seven
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The Top (and Bottom) Five Stocks of 2022
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Occidental Petroleum was the top stock of 2022 in a list loaded with energy firms, while Affirm Holdings led losers a more diverse bottom five.
Money
Who Doesn’t Want to Be a Millionaire? 35% Say They Won’t Be Able to Retire
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A million dollars isn’t what it used to be, at least according to a survey that suggests volatile markets and decades-high inflation have even the
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NBA Courts Investment by Sovereign Wealth, Pension Funds
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The National Basketball Association is ready to play ball with sovereign wealth, pension, and endowment funds, provided these investors pass the money. The NBA’
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Five Reasons Stock Rally May Continue
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Are the bears done? Wednesday’s 2% surge left the Dow Jones Industrial Average 20% above its October lows, meeting the common definition of a bull market.
Money
November Job Growth Beats Expectations
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The U.S. economy added 263,000 jobs in November, exceeding forecasts for a 200,000 gain, while wages rose by the most since January, suggesting the Federal
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Investors Cozy Back Up to Stocks as Recession Fears Loom
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Signs that inflation may have peaked and a month-long rally for stocks have warmed investors back to the equity market, despite growing concerns about
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Treasury Yield Curve Reaches Steepest Inversion in 40 Years
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Federal Reserve Chair Jerome Powell will discuss the economy, inflation, and interest rates at an event in Washington, D.C. today. Many investors will
Money
The New York City Recovery Index: November 14
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Editor’s note: Below you’ll find the week 115 release of the NYC Recovery Index, originally published November 15, 2022. Visit the NYC Recovery
Money
U.S. Home Prices Declined Further in September
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U.S. home prices fell in September, marking a third straight month of declines, as sellers tried to attract buyers squeezed by higher borrowing costs. The S&
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Online Retail Sales Hit Record $9 Billion on Black Friday
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Today is Cyber Monday, a day that will feature online deals and discounts for shoppers. Cyber Monday sales are estimated to hit $11.2 billion, up 5.
Money
Retailers Greet Holidays With Some Cheer, Lots of Foreboding
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U.S. retailers heading into the year’s busiest shopping season have reason for hope — and plenty of unanswered questions. Shares of Best Buy
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Home Purchases by Investors Drop 30%
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Home purchases by investors fell 30% in the U.S. from a year ago in the third quarter as prices slid, the largest decline since the great recession, not
Money
Potential Rail Strike Looms After Union Rejection
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The U.S. now faces what could potentially become a crippling railroad strike in two weeks after one of the country’s largest rail unions rejected a contract
Money
What Financial Advisors are Telling Their Clients Today
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November’s burst of buying in the stock market slowed last week, as all of the major averages posted losses, but nothing too dramatic.
Money
Disney Ousts CEO, Puts Iger Back in Charge
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Walt Disney Co. (DIS) shares jumped as much as 9% on Monday after the media and entertainment giant ousted CEO Bob Chapek, replacing him with his predecessor
Money
Q4 2023 Earnings Estimates Begin to Fall
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With most of the S&P 500 companies having reported third quarter earnings, analysts are now training their sights on fourth quarter profits and 2023 expectations.
Money
Carvana to Cut 1,500 Employees
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Online used-car retailer Carvana said Friday it plans to lay off 1,500 employees, or 8% of its workforce, citing economic headwinds and higher financial costs.
Money
Elizabeth Holmes Gets 11+ Years in Prison for Theranos Fraud
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Elizabeth Holmes, who parlayed more than $900 million of venture capital funding for her startup Theranos into a business promoting blood-testing machines
Money
Biden Administration Seeks to Reinstate its Student Debt Relief Plan
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The Biden administration is seeking to appeal to the U.S. Supreme Court to reinstate the president’s student debt cancellation plan, which could provide
Money
Starbucks Workers Stage Nationwide Strike in Union Push
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More than 1,000 Starbucks workers at 125 U.S. stores from Times Square to Disneyland walked off the job on Thursday in a push for unionization they dubbed a «
Money
Rents, a Key Component of CPI, Begin to Ease
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Rents make up an outsized portion of the Consumer Price Index (CPI), and have contributed to decades-high inflation levels this year. Overall, shelter
Money
Kohl’s Doesn’t Release Full-Year Forecast
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Kohl’s Corp. didn’t release a full-year forecast on Thursday, citing unpredictability in business trends, high inflation and the abrupt departure
Money
Dallas Fed Predicts Home Prices Could Sink 20%
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U.S. home prices could plunge as much as 20% due to a sharp rise in mortgage rates this year. Higher rates are dramatically increasing home ownership costs
Money
Nvidia Profit Misses Estimates Amid China Slowdown
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Nvidia Profit Misses Estimates Amid China Slowdown By Igor Greenwald Published Nov 16, 2022
Money
Consumer Debt Surges at Fastest Pace in 15 Years
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Household debt soared at its fastest pace in 15 years as the use of credit cards surged, according to a Federal Reserve report. Total debt jumped by $351
Money
Walmart to Settle State, Local Opioid Claims for $3.1 Billion
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Walmart Inc. (WMT) announced a $3.1 billion settlement with 43 states over claims its pharmacies contributed to opioid addiction, joining two other big
Money
Bankers’ Bonuses Seen Cratering
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High inflation and the threat of a recession have put a damper on investment banking business, with stock and bond sales and M&A deals declining from
Money
The New York City Recovery Index: November 7
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Editor’s note: Below you’ll find the week 114 release of the NYC Recovery Index, originally published November 8, 2022. Visit the NYC Recovery
Money
Walmart Profit Surges as Retailer Improves Inventory; Shares Rise
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Walmart Profit Surges as Retailer Improves Inventory; Shares Rise By Nathan Reiff Published Nov 15, 2022
Money
Nvidia Profit Seen Sliding Amid Crypto Crash, Tech Cuts
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Key Takeaways Nvidia is expected to post adjusted earnings of 71 cents per share for Q3 late on Nov. 16. Revenue is seen dropping 18% year-over-year amid
Money
Amazon plans to lay off 10,000 employees
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Amazon.com, Inc. plans to cut 10,000 jobs as soon as next week, the largest layoffs in the company’s history and the latest mass firings by technology companies.
Money
Paul Allen’s Art Sells for a Record $1.5 Billion
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Microsoft co-founder Paul G. Allen’s art collection, including works by Vincent Van Gogh, Paul Cézanne and Georges Seurat, raised a record $1.