The S&P 500 just hit an all-time high, recovering from last year's dramatic plunge. The economy seems to be on fairly solid footing, still it's anyone's guess what happens next for the stock market. So what does this mean for the average investor? Here are answers to some questions about...
Stocks Fall as Bond Market Flashes a Recession Warning
By Matt Phillips The bond market smells a recession. On Friday, stock investors caught a whiff, too. Economic forecasters and Wall Street traders have been watching for months as interest rates on long-term U.S. government bonds have dropped toward the rates on short-term debt. Investors normally demand higher yields to buy...
Netflix Raising Prices for 58M US Subscribers as Costs Rise
SAN FRANCISCO — Netflix is raising its U.S. prices by 13 percent to 18 percent, its biggest increase since the company launched its video streaming service 12 years ago. Its most popular plan will see the largest hike, to $13 per month from $11. That option offers high-definition streaming on...
US Stocks End Dismal, Volatile Year on a Bright Note
Wall Street closed out a dismal, turbulent year for stocks on a bright note Monday, but still finished 2018 with the worst showing in a decade. After setting a series of records through the late summer and early fall, major U.S. indexes fell sharply after early October, leaving them all...
Battered Wall Street Rebounds With Best Day in 10 Years
Stocks rocketed on Wednesday in Wall Street's best day in 10 years, snapping a stomach-churning, four-day losing streak and giving some post-Christmas cheer to a market that has been battered this December. The Dow Jones Industrial Average shot up more than 1,000 points — its biggest single-day point gain ever...
Apple’s Stock Sours, Microsoft’s Soars. Say What?!
Wall Street investors are enamored with a newly emergent tech company. It has nothing to do with posting selfies or finding a soul mate. The company is instead making billions of dollars selling cloud-computing and other technical services to offices around the world. Say hello to Microsoft, the 1990s home-computing...
Powell: US Economy Healthy and Rate Hikes Aren’t Automatic
WASHINGTON — Federal Reserve Chairman Jerome Powell cast a bright picture of the U.S. economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes next year to assess the impact of its credit tightening. Powell's comments ignited a rally on Wall Street,...
Can ‘Craft Weed’ Compete With ‘Big Marijuana’?
You’ve heard of Big Pharma and Big Tobacco. How about Big Marijuana? The drug’s growing legalization is raising concerns among small-scale marijuana farmers and retailers that the corporatization of weed may be right around the corner. For example, earlier this year NASDAQ became the first major U.S. stock exchange to...
It's High Times for Soaring Marijuana Stocks on Wall Street
NEW YORK — Reefer Madness has gripped Wall Street. Investors are craving marijuana stocks as Canada prepares to legalize pot next month, leading to giant gains for Canada-based companies listed on U.S. exchanges. Some experts are concerned that the ending will be a buzzkill. Billions of dollars have poured into...
Bad Week in Social Media Gets Worse. Investors Hammer Twitter.
NEW YORK — Cracking down on hate, abuse, and online trolls is also hurting Twitter's standing with investors. The company's stock plunged Friday morning after it reported a decline in its monthly users and warned that the number could fall further in the coming months. The more than 17 percent...