What the Fed’s biggest rate hike in decades means for the bear market in bonds

Historically bad. That’s how the $53 trillion US fixed-income market has performed this year as the Federal Reserve works to curtail high inflation threatening to wreck the economy. To turbo charge the effort, the Fed on Wednesday fired off its biggest benchmark interest rate increase in nearly thirty years. But what does that mean for … Read more

Stock Futures Slip Amid Retail Worries

US stock futures edged down after a profit warning from Target cast a pall over the retail sector and Australia’s central bank spooked investors with a bigger-than-expected interest-rate increase. Futures tied to the S&P 500 declined 0.9%, reversing direction after the broad-market index closed up 0.3% on Monday. Nasdaq-100 futures fell 1.3%, pointing to losses … Read more

Okta stock rally shifts into overdrive following hiked outlook as other software companies trim theirs

Okta Inc. shares rallied in the extended session Thursday, adding to gains in the regular session after the identity-management services company reported better-than-expected results and, some larger software companies, hiked their outlook for the year. okta okta, +10.96% shares soared 18% in Thursday’s after-hours session, building on an 11% rises in the regular session to … Read more

Microsoft joins chorus of tech companies warning about the effects of a strong dollar

Microsoft Corp. cut its guidance due to a headwind that’s been a dominant talking point for tech companies reporting earnings of late: The strong dollar is making business more expensive. Microsoft MSFT, +0.79% executives disclosed Thursday in a PowerPoint presentation that due to an “unfavorable foreign exchange rate movement in the fourth quarter,” they were … Read more

Brian Moynihan dismisses Jamie Dimon’s warning on the economy: ‘You’ve got hurricanes that come every year.’

Jamie Dimon, the JPMorgan Chase JPM, -0.62% chairman and chief executive, got everyone’s attention when he warned hike there’s an economic hurricane coming, from rates, the war in Ukraine and inflation. Brian Moynihan, the chairman and chief executive of Bank of America BAC, -0.80%, had a chance to respond, at the very same Bernstein Strategic … Read more

Opinion: No tech sector appears safe from the spring swoon

Nvidia Corp., Nutanix Inc. and Snowflake Inc. all gave earnings forecasts that were below analysts’ expectations on Wednesday, the latest in a batch of tech companies across sectors to give warnings about changing macroeconomic conditions in the spring. Lowered forecasts have struck across tech sectors, from social-media company Snap Inc. SNAP, +4.59% to chip maker … Read more

Is Nvidia’s gaming forecast the ‘cut’ that Wall Street has been looking for?

Nvidia Corp. investors may have received the all-clear signal they have been waiting to start buying the stock again, but some on Wall Street were wondering if the signal was a clear one Thursday. Nvidia NVDA, +5.16% shares have been ripped in half from their all-time high of $333.76 in roughly the past six months, … Read more

Howard Marks explains how to avoid crashes by learning to recognize signs of bull-market excess

Oaktree Capital founder Howard Marks is a boldfaced name on Wall Street, equally well known for his firm’s performance as for his lengthy investor letters that he periodically publishes free online to reach the widest possible audience. As stocks plunged earlier this month, Marks — who built one of the most successful distressed-debt funds in … Read more

After 2 stormy years of ‘moonshot’ house prices, don’t hold out hope for a major correction. Why COVID-era property values ​​may be here to stay.

There is hope for first-time buyers looking to enter the US housing market, but observers say they will have to be patient. After a two-year surge in home prices during the COVID-19 pandemic, the market is finally showing signs of cooling — in terms of demand and sales, if not those persistently high housing prices … Read more