Nvidia Corp.’s data-center sales are expected to edge out its gaming sales in fiscal first-quarter results, as demand from server farms remains high and gaming interest has subsided from rabid levels earlier in the COVID-19 pandemic. Nvidia NVDA, -2.51% is scheduled to report financial results after the closing bell on Wednesday. Analysts surveyed by FactSet … Read more
At first glance, it might appear that the stock market finally fared pretty well for one week through May 19 —- the benchmark S&P 500 index SPX, + 0.01% was down only 0.7%. But it’s on track to be down for seven straight weeks – the first time since 2002, when it fell for eight … Read more
Investors, already grappling with a sinking stock market and fears that the US economy may be heading for a recession, now turn their focus to the consumer. For one thing, consumer discretionary stocks are among the hardest hit. The market’s fixation on peak inflation and how many times the Federal Reserve could hike interest rates … Read more
TJ Maxx’s parent TJX reported earnings that were above Wall Street expectations. Cindy Ord / Getty Images Text size Two of the three major off-price retailers posted quarterly earnings this week, with dramatically different results. That leaves Burlington Stores , which reports May 26. There are three key factors that could determine how Burlington’s stock … Read more
Bonds are back, say investors who are daring to buy into the battered market. Stability emerged in debt markets this week, with the 10-year US Treasury yield retreating from a peak over 3% following a five-month route that worsened as stocks plummeted. While most of the buyers anticipate further turmoil if the US economy slides … Read more
If there is one person who was not shocked by the massive misses in big retailers’ results this past week, it’s our longtime (but no way old) pal, Stephanie Pomboy, who heads the MacroMavens institutional economic advisory. Even though she has been coping with a (thankfully) mild case of Covid-19, she’s still as sharp, and … Read more
How low can stocks go? This question has made investors nervous, as they fear one bottom after another. The answer: Pick a number. Some analysts say brace for further drops, others expect a bounce. Wall Street is nervous at the prospect of stagflation – the double-edged sword of prolonged inflation and high unemployment – as … Read more
US officials acted this week to ease a nationwide shortage of baby formula. But none of the moves will create immediate relief for parents scrambling to find stocked shelves. And none fully address the underlying flaws of the more than $ 4 billion US formula industry, in which business and government depend on one another … Read more
TJ Maxx’s parent TJX reported earnings that were above Wall Street expectations. Cindy Ord / Getty Images Text size Two of the three major off-price retailers posted quarterly earnings this week, with dramatically different results. That leaves Burlington Stores , which reports May 26. There are three key factors that could determine how Burlington’s stock … Read more
Text size Tesla’s Shanghai factory. Xiaolu Chu / Getty Images Tesla stock took a beating as investors digested sexual-harassment allegations against CEO Elon Musk. Thursday, Business Insider reported that SpaceX paid a flight attendant $ 250,000 in 2018 to settle claims that in 2016, Musk exposed himself to her and indicated he would pay her … Read more