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

Opinion: Bear market blues: How to keep a sense of financial control in uncertain times.

Between pandemic lockdowns, health scares, contentious politics and significant inflation with rising prices, many US investors might feel they’re losing control of their situations. Add to that a bear market for stocks, with a possible recession looming. To remain resilient, we can focus on caring for our physical, mental and financial wellness — and that … Read more

Opinion: The S&P 500 is so close to crossing this crucial level and challenging the bear market’s trend line

The S&P 500 index may be about to secure two major bullish SPX, -0.08% milestones. First, the S&P has rallied from that mid-June low right up to the major resistance at 4170. A two-day close above that level would be quite bullish and would set the stage for a challenge of the downtrend line defining … Read more

Phil Mickelson and 10 Other LIV Golfers File Antitrust Lawsuit Against PGA Tour

Eleven golfers on the Saudi-backed LIV Golf circuit—including Phil Mickelson and Bryson DeChambeau—filed an antitrust lawsuit against the PGA Tour Wednesday challenging their suspensions, the opening salvo in a legal fight that could reverberate across professional sports. The group includes three players—Talor Gooch, Hudson Swafford and Matt Jones—who are seeking a temporary restraining order that … Read more

Opinion: There are three reasons health care is the market’s best sector today. These eight stocks are the most worry-free.

You’re tempted to increase exposure to stocks because of the market’s strength. But you’re still gun shy because of the painful selloff. Plus, you’re worried about a recession. What to do? Buy health-care stocks. They have plenty of defensive characteristics that help them outperform in recessions and late in economic cycles. But they also generate … 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