Economy
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S&P 500 on track for highest close since April 2022 after stocks exit bear market
[]U.S. stocks were trading higher on Friday, led by technology stocks, with the S&P 500 index adding to its gains after technically exiting bear-market territory a day earlier. []Meanwhile, traders were looking ahead to what’s expected to be a busy week for economic data and central-bank policy decisions. What’s happening? The S&P 500 SPX, +0.10%…
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Japan’s economy grows faster in first quarter than initially estimated
TOKYO — Japan’s economy expanded at a faster pace than initially estimated in the January-March quarter thanks to stronger spending by companies, revised government data showed Thursday. The world’s third-largest economy after the U.S. and China grew 2.7% on an annualized basis in the first quarter, compared with the 1.6% expansion recorded in the preliminary…
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Tesla’s stock rises to longest winning streak in more than 2 years
Investors have been piling into Tesla Inc.’s stock as it rallied toward a seven-month high and a ninth straight gain, its longest streak in more than two years. Helping fuel optimism was the news that all of the electric-vehicle giant’s lower-priced Model 3 sedans now qualify for $7,500 in federal tax credits as part of…
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Did you miss BILL? – Raging Bull
If you’re a parent, you know you need to wear many hats – perhaps the most important hat is that of a problem solver. Training in problem solving has undoubtedly helped me become a better trader over my 20+ year career. And one of the BIGGEST problems I learned to solve early on has…
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6 cities where women earn more
The U.S. has a long way to go when it comes to women’s equality in the workplace. The evidence? While America is ranked 20th out of 189 in the Women’s Workplace Equality Index — which measures legal obstacles to women’s economic participation worldwide — it is behind countries such as Australia, Canada and Mexico. Women are also…
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Treasury yields dip after jobless claims jump to nearly two-year high
U.S. Treasury yields edged lower Thursday morning after new jobless claims showed the number of people who applied for unemployment benefits in early June jumped to a nearly two-year high, while investors reassessed Federal Reserve policy trajectory following unexpected interest-rate rises by central banks in Australia and Canada. What’s happening The yield on the 2-year…
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Nasdaq opens higher as tech stocks attempt to claw back losses after punishing selloff
U.S. stocks opened mixed on Thursday as richly-valued technoloy stocks attempted to shake off pressure from renewed worries about the outlook for interest rates. What’s happening The S&P 500 SPX, +0.12% gained 3 points, or 0.1%, to 4,270. The Dow Jones Industrial Average DJIA, +0.15% fell by 7 points, or less than 0.1%, to 33,661.…
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‘I deserve better.’ How quitting — and retiring — can set you free.
You’ve undoubtedly heard about “quiet quitting,” the supposed pandemic workplace trend of “doing the least amount of work, just this side of being fired,” as journalist and author Julia Keller puts it in her new book, “Quitting.” You probably haven’t heard of something Keller calls “quasi-quitting.” That’s a kind of precision quitting, when you leave…
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Big Tech’s added bulk in S&P 500 in 2023 outweighs index’s energy sector, DataTrek says
Big Tech’s market value in the S&P 500 index has surged to more than a quarter of the index, with just seven stocks this year adding heft larger than the weight of its entire energy sector, according to DataTrek Research. Companies known as Big Tech, including Apple Inc. AAPL, -0.78%, Microsoft Corp. MSFT, -3.09%, Google…
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Gold prices end at lowest level in more than a week as traders gauge Fed’s rate path
Gold futures declined Wednesday, settling at their lowest in more than a week, as investors awaited further clues on the Federal Reserve’s interest rate path. Price action Gold for August delivery GC00, +0.16% GCQ23, +0.16% fell $23.10, or 1.2%, to settle at $1,958.40 an ounce on Comex after posting back-to-back session gains. Prices settled at…