investing

Dow recovers from 700 point drop as investors look for signs of recession

The Dow (INDU) fell by about 130 points, or 0.4%, after being down nearly 700 points earlier in the day The S&P 500 gained 0.2% after dropping more than 2% earlier and the Nasdaq Composite was up by 1.8%. Tech stocks buoyed markets as investors hope that a possible recession will lead to lower interest …

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Premarket stocks: The euro’s drop makes Europe much cheaper

What’s happening: The euro has slumped to about $1.03, plunging more than 8% against the US dollar year-to-date. It’s now trading at its lowest level since late 2002. Most analysts don’t think it’s bottomed out yet. Predictions are flying around that it could even reach parity, in which one dollar can be swapped for one …

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Mark Zuckerberg, Facebook Say Goodbye to Their Crypto

There has been no official announcement. And even if there was one, this announcement would have gone unnoticed: Mark and Zuckerberg and his company, Meta Platforms (META) – Get Meta Platforms Inc. Reportno longer have a digital payments project. Zuckerberg has chosen his moment well: the crypto sector is currently going through a crisis of …

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Tesla Rivals Challenge Its Lead as Nio Sets Encouraging Record

Electric vehicle makers have been struggling over the last two years to produce and deliver cars, trucks and SUVs despite such obstacles as supply chain disruptions, semiconductor shortages and factory shutdowns caused by the covid. The industry’s leading EV manufacturer Tesla (TSLA) – Get Tesla Inc. Report on July 2 said that plant closures at …

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Celebrities Erase Their Crypto Ties As Crypto Mania Turns Into Crisis

Some say it started with Lillie Langtree. The British actress and socialite, known as “The Jersey Lily,” is credited with being the first celebrity to endorse a product when she became the poster girl for Pears Soap in 1882. In the Beginning… Others say it goes back to the 1760s, when Josiah Wedgewood, a British …

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Apple Makes BofA List of Stocks That Can Beat Inflation

As you’ve undoubtedly noticed in your shopping, inflation is running rampant. Consumer prices soared 8.6% in the 12 months through May, a 40-year high. As an investor, you’re probably interested in companies that can withstand the inflation storm. Or as Bank of America strategists put it in a commentary, “Rising inflation puts pressure on margins, …

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