Dow drops more than 500 points on inflation and growth concerns, heads for biggest drop of the year: Live updates
Traders work during the opening bell at the New York Stock Exchange. Johannes Eisele | AFP | Getty Images Stocks tumbled Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation. The…
Asia markets take a breather as South Korea beats first-quarter GDP expectations
17 Mins Ago South Korea first quarter GDP climbs 3.4%, fastest quarterly growth since Q4 2021 South Korea posted GDP growth of 3.4% in the first quarter, beating the 2.4% expected by economists polled by Reuters and marking its highest…
Can Tesla Escape Its Troubles?
Tesla Inc. became one of the most valuable companies in the world by proving it was possible to sell battery-powered electric vehicles at a profit and in high volumes. But for much of 2024, investors have questioned Tesla’s outlook: The…
What will it take to get tech stocks rising again? An unemployment rate above 4%
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. U.S. stocks rose Monday as the market tried to recover from last week’s brutal…
Inflation Outlook Worsens as Iran, Israel Face Off. What to Do.
Tensions in the Middle East and a still strong economy make the case that inflation could stick around, delaying interest rate cuts by the Federal Reserve. Investors may want to use any uncertainty over geopolitics or the Fed’s next moves…
Asia markets extend declines amid Iran-Israel tensions; China’s GDP beats expectations
14 Mins Ago China’s March industrial output and retail sales data miss expectations China’s industrial output for March grew 4.5% year-on-year, missing Reuters’ expectations of a 6% expansion. China’s manufacturing industry grew 5.1% while its mining industry grew 0.2%, according…
The Stock Market Is Starting to Sink. Earnings Could Fuel a Turnaround.
This past week was a difficult one for markets, as investors digested March’s higher-than-hoped-for inflation data, which further delayed any anticipated interest rate cuts. Yet earnings results could help lift stocks out of their funk. The S&P 500 fell 1.6%…
Stocks are undergoing a needed, and (so far) modest, pullback in a longer-term bull market
Screenwriters refer to “second-act problems.” After the characters and the stakes of a story are established in the first act, things can get a bit messy and confusing as the central conflict is escalated before pushing toward an ultimate resolution….