It’s tight quarters in Wall Street’s bear sleuth these days. Goldman Sachs just downgraded their 2022 US growth forecast (to 2.4% from 2.6%) and 2023 (to 1.6% from 2.2%), as senior chairman Lloyd Blankfein warned of “very, very high” risks for a US recession. “If I were running a big company, I would be very…
Tag: Corporate/Industrial News
‘No where to hide?’ Why stagflation fears put stocks on verge of a bear market
It will take more than Friday’s big bounce to put to rest the fear of a bear market in stocks as uncertainty about the Federal Reserve’s ability to get a grip on inflation without sinking the economy stokes fears of stagflation — a pernicious combination of slow economic growth and persistent inflation. Stagflation is “an…
‘It’s pure panic’: Florida parents of twins spent more than 4 hours driving to find baby formula
When Erik and Kelly Schmidt, both 35, went into a Central Florida Target store this week to buy their usual baby formula, Up & Up Gentle, for their five-month-old twins, they found an empty shelf. The pair then embarked on a half-day journey in search of formula, any formula, and their quest didn’t end there….
Affirm stock soars 34% after earnings ‘put to bed some persistent bear themes’
Shares of Affirm Holdings Inc. surged in after-hours trading Thursday after the buy-now pay-later company delivered a revenue beat and sought to reassure investors about its positioning in a downturn. Revenue at Affirm AFRM, +23.31% increased to $354.8 million in the fiscal third quarter from from $231 million a year before, while analysts had been…
American household debt continues to march higher, driven by one major factor and should you tell your coworkers your salary — or keep it a secret?
Hi, MarketWatchers. Don’t miss these top stories. The 10 most popular cities that Americans moved to last year — and four are in this one state Here’s a hint: No New York or California cities made the Penske list of ’10 Moving Destinations for 2021,’ but plenty of Southern cities did. Read More ‘Open discussion…
6 questions to ask your financial adviser right now as stocks continue to tumble and viral baby-formula thread shows why moms can’t just breastfeed their way out of a shortage
Hi, MarketWatchers. Don’t miss these top stories. Alexander Skarsgard Selling His Place in NYC for $2.6M “The Northman” star Alexander Skarsgard is placing his East Village apartment on the market for $2.6 million, according to Architectural Digest. Read More Could we ever really get a 4-day work week in the US? Almost 80% of employees…