Articles

Key Words: U.S. fiscal deficit a ‘more serious problem than ever before,’ says Larry Summers

Former Treasury Secretary Larry Summers believes that the current budget deficit poses a greater challenge for the economy than it has before in U.S. history.

: AI could spark the next financial crisis, SEC Chair Gary Gensler says

There are few issues that cause SEC Chair Gensler more concern than the spread of artificial intelligence technology. 

Market Extra: International equities are beating U.S. stocks in ‘rare’ outperformance. Should you lighten up on non-U.S. equities?

U.S. stocks are lagging international equities over the past year, in an unusual occurrence, according to DataTrek Research. 

IPO Report: Ares Acquisition Corp., X-energy scrap $1.8B merger due to ‘persistently volatile public markets’

The deal marks the 165th SPACs that has liquidated this year alone, according to SPAC Research.

Commodities Corner: Israel-Hamas war has potential to fuel oil-price shock that can disrupt food security: World Bank

The Israel -Hamas war has the potential to disrupt oil supply in the Middle East, leading to a rally in oil prices that can have impact other commodities, the World Bank said in a report released this week.

The Ratings Game: SoFi’s stock gains as a onetime skeptic changes his tune

SoFi shares saw muted gains Monday after the company delivered an upbeat earnings report, but they were enjoying a far stronger rally Tuesday.

Market Extra: The yen tumbles toward 33-year low. Is it the Bank of Japan’s fault?

The Bank of Japan is slow-walking away from yield-curve control. That didn't help the yen as it slumped Tuesday.

: Here’s who could benefit under the Biden administration’s new student debt relief proposal

The plan is far from final, but, if implemented, it would focus on the hardest hit borrowers

In One Chart: Why a 7% 10-year Treasury yield is still possible

While a recession could prompt Federal Reserve interest rate cuts, a Ned Davis strategist thinks investors shouldn't rule out a 10-year Treasury yield in the 7% range.

Brett Arends's ROI: Market turmoil creates a historic sale in these mutual funds

Closed-end funds have just plunged to their biggest discounts to intrinsic value in years.

: PetMed’s stock plunges to 19-year low as dividend yield to drop from 19% to zero

PetMed investors were suffering their worst day in 23 years, after the company reported disappointing quarterly results and said it would suspend its dividend.

Earnings Results: Amgen’s stock hit by expectations its obesity pipeline is facing a longer wait

Amgen Inc.'s stock fell 3.3% Tuesday despite an earnings beat and raised guidance. Obesity drugs were to blame.
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