Elon Musk called ESG a scam – did the Tesla chief do investors a favor?

Elon Musk called ESG a scam – did the Tesla chief do investors a favor?

Investing usually uses a combination of head, heart and gut even if it’s not supposed to. And perhaps no market theme stirs “all the feels” quite like ESG. This week, a major move to cut Tesla from a closely followed environmental, social and governance (ESG) index brought anger and relief in nearly equal measure. Defiance … Read more

Nvidia’s data center sales are likely to eclipse gaming – that might not be a good thing

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

Weekend reads: Retail troubles and how to handle this scary stock market

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

NATO Bids From Finland and Sweden Now Depend on Turkey’s President

ISTANBUL — NATO membership for Finland and Sweden, potentially among the most dramatic shifts in European security policy in decades, now depends largely on the decision of one man: Turkey’s President Recep Tayyip Erdogan. Mr. Erdogan’s decision to block a speedy entrance for the two countries into the North Atlantic Treaty Organization has opened the … Read more

Buy the dip or sell the ‘rip’ ?: What’s ahead for stock investors

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

3 Off-Price Retailers That Look Like Bargains In The Stock Market’s Wreckage

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

Junk bonds are showing signs of liquidity strains as the S&P 500 narrowly avoids bear market territory

Concerns about the US economy slipping into a recession isn’t the only thing nagging at corporate bond investors. Trading in the riskier high-yield, or “junk-bond,” segment of corporate debt also has become a lot trickier in recent weeks, including as investors flee bond funds and the S&P 500 index SPX, + 0.01% teeters on entering … Read more

Fed’s Bullard says retailers who do not understand that consumers are stretched thin by inflation are going to get ‘punched in the face’

Retailers who endlessly raise their prices and do not understand that consumers are stretched thin because of inflation are going to lose market share, said St. Louis Fed President James Bullard on Friday. “A lot of CEOs have come on TV and said ‘oh I have lots of pricing power and I can do whatever … Read more

Investors Dare to Dip Back Into Bonds

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

Princeton Targets and Dissenting Professor

Everyone knows American universities are dangerous places these days if you dare to express unpopular views. But Princeton University’s handling of classics professor Joshua Katz is still shocking for its procedural double jeopardy. This week brought grim news for Joshua Katz, a classics professor who drew ire on campus in 2020 after criticizing a faculty … Read more