Roaring labor market puts ‘boomflation’ back on the map for investors

The worry instead turned to what a rip-roaring labor market and surging costs for everything means for stocks and bond portfolios, particularly if it turns into a mix of higher growth and inflation with staying power. What to even call such a scenario? “Boomflation,” said Kent Engelke, chief economic strategist at Capitol Securities Management, pointing … Read more

Fuel cell-powered truck maker Hyzon’s stock suffers record plunge after accounting questions raise delisting fears

Shares of Hyzon Motors Inc. were suffering a record plunge towards a record low Friday, after the maker of fuel cell-powered trucks disclosed a “myriad of issues,” including accounting regularities that will cause it to miss the filing deadline for second-quarter results. That prompted a number of analysts to back away from their bullish stances, … Read more

AMC takes aim at massive debt burden with ‘APE’ special dividend

AMC Entertainment Holdings Inc. took Wall Street by surprise with the announcement of its “APE” special dividend after market close on Thursday. This, of course, is a company that is no stranger to bold moves, as evidenced by the movie theater chain’s $27.9 million investment in gold and silver miner Hycroft Mining Holding Corp. HYMC, … Read more

I hired a financial planner, but they’ve already lost $70K. What should I do?

Is a big loss a reason to ditch your financial planner? Getty Images/iStockphoto By ALISA WOLFSON Question: I recently rolled my retirement pension and 401(k) into one account, managed by a financial planner. But in seven months, they seem to have lost $70,000 of my money. How do I know if they’re making sound investments? … Read more

Why Mark Mobius thinks US stocks haven’t bottomed — and where he sees emerging-market opportunities

US markets have provided plenty of excitement this year to keep investors on their toes. But as badly as US and European stocks have performed since the start of 2022, emerging-market equities have done worse. But as the US dollar retreated from its multi-decade highs over the past month, investors, including Allianz’s Mohammad El-Erian have … Read more

Experts question CDC guidelines on isolation after testing positive for COVID as Biden continues to work remotely

President Joe Biden is expected to continue to work from his office Tuesday as he isolates for at least five days in accordance with Centers for Disease Control and Prevention guidelines for people who test positive for COVID. The President tested positive again on Monday in the ‘rebound’ case, a rare outcome of the antiviral … Read more

AMD stock slips as revenue forecast dips below Street consensus

Advanced Micro Devices Inc. shares declined in the extended session Tuesday after the chip maker’s revenue forecast fell below the Wall Street consensus after posting record sales, topping Street expectations and reporting a huge surge in data-center sales. “Taking a step back, while there has been additional softness in the PC market in recent months, … Read more

Financial markets may see three-month string of 8.8% inflation readings starting next week, adding up to `bad news’

The financial market’s most knowledgeable inflation traders are expecting a string of roughly 8.8% annual headline US consumer-price readings over the next three months, starting with the Aug. 10 release of July’s date. While such readings would be below June’s 9.1% reading and support the theory that inflation may have peaked at an almost 41-year … Read more

‘I have watched my accounts drop by 22%.’ My financial adviser has usually ‘done well’ but now it feels like he’s not making enough adjustments in this tough market given that I’m losing ‘large chunks’ of money. What’s my move?

How to know if your financial advisor is doing a good job. Getty Images/iStockphoto Question: I have had a financial advisor with a national firm for more than a decade. We have done well and his fees are appropriate at 1%. His firm’s strategy is to buy a basket of stocks, and there are literally … Read more

I’m the chief economist of a mortgage firm that has funded more than $100 billion in loans. These are 3 things to know about the housing market now.

Cameron Findlay As home prices and mortgage rates march upwards, and housing inventory remains seriously constrained, many buyers are wondering: Should I buy? And if I want to buy, what do I need to know about the housing market now? That’s why MarketWatch Picks created a series where we ask prominent economists and real estate … Read more