Stocks Had a Nasty 6 Months. The Second Half Could Be Ugly Too.

Text size Bond markets are pricing in significant additional interest-rate hikes this year, but some stock analysts’ earnings forecasts remain optimistic. Michael Nagle/Bloomberg It was a first half destined to haunt investors. The past six months were historically bad for stocks, bonds, cryptocurrencies, and practically every other asset class outside of commodities. Despite its late … Read more

The Housing Market Is Shifting. Sellers Are Getting Anxious.

New Orleans homeowner Lisa Tourtelot says homes were flying off the market in her neighborhood as recently as a month ago. Now, as she prepares to list her own house for sale, the homeowner is on edge. Mortgage rates, property taxes, and homeowners insurance are all on the rise, she says — developments the 36-year-old … Read more

Petro and Colombia’s Rule of Law

Former M-19 rebel Gustavo Petro won Colombia’s runoff presidential election Sunday with 50.5% of the vote. His opponent, businessman Rodolfo Hernández, received 47.3%. The rest of the votes were either left intentionally blank or annulled by electoral authorities. With nearly half of all voters declining to endorse Mr. Petro, there is no mandate for radical … Read more

Will the Fed Cause a Recession? Why Inflation Is Out of Powell’s Control.

Text size “Wages are not principally responsible for the inflation we’re seeing,” Federal Reserve Chairman Jerome Powell said Wednesday. Kevin Dietsch/Getty Images About the author: JW Mason is a professor of economics at John Jay College, City University of New York, and a fellow at the Roosevelt Institute. To careful listeners, there was something tragic … Read more

Will the Fed Cause a Recession? Why Inflation Is Out of Powell’s Control.

Text size “Wages are not principally responsible for the inflation we’re seeing,” Federal Reserve Chairman Jerome Powell said Wednesday. Kevin Dietsch/Getty Images About the author: JW Mason is a professor of economics at John Jay College, City University of New York, and a fellow at the Roosevelt Institute. To careful listeners, there was something tragic … Read more

Chesterfield to house Lego’s only manufacturing facility in the US | Govt-and-politics

Lego plans to invest at least $ 1 billion to construct its only US-based manufacturing plant in Chesterfield County, Gov. Glenn Youngkin announced Wednesday. The Virginia factory-a 1.7 million-square-foot giant that will be Lego’s seventh manufacturing facility in the world and supply the Americas-is estimated to create more than 1,700 jobs over 10 years and … Read more

Stock Market Today: Dow Falls, Salesforce Gains, Amazon Rises

The stock market dropped Wednesday following still-strong economic data and the start of the Federal Reserve’s “quantitative tightening.” The Dow Jones Industrial Average fell 177 points, or 0.5%, while the S&P 500 dropped 0.8%, and the Nasdaq Composite declined 0.7%. Stocks tried to rally in the afternoon but ultimately stumbled into the close. “US stocks … Read more

The Fed Minutes Are Here. 4 Key Themes to Watch.

Minutes from the Federal Reserve’s May meeting can be read here. Read a preview below and check back for more analysis. When the Federal Reserve on Wednesday releases the minutes from its most recent policy meeting, investors will get a deeper look at deliberations over monetary-policy tightening and officials’ views of the economy. During the … Read more

Wall Street Is So Terrified, Stocks Might Be Ready to Rise

Federal Reserve Chair Jerome Powell Tom Williams-Pool/Getty Images Text size To paraphrase Monty Python, the stock market isn’t dead quite yet. Sure, it feels like the S&P 500 has nowhere to go but down. The index dropped 4.9% last month, its worst April since 1970, and sentiment toward stocks remains terrible, with just 16% of … Read more

Chinese Internet Stocks Are Off to the Races. Be Cautious.

Text size Stocks bounced on China’s latest efforts to steady its economy. Isaac Lawrence/AFP via Getty Images China’s efforts to steady its economy and markets include an indication that they are willing to pause the technology crackdown that has battered the sector for 18 months. But the move, which sparked a rally on Friday, is … Read more