Peter Bokfar warns that recession is spreading

Peter Bokfar warns that recession is spreading

Recession may be inevitable. The latest reports on housing and manufacturing, according to investor Peter Bokvar, indicate that it is rapidly spreading to other parts of the economy. “People are not sensitive enough to this economic slowdown and what it will mean for corporate earnings and profit margins,” chief investment officer at Bleakley Consulting Group … Read more

Peter Bokfar warns that recession is spreading

Peter Bokfar warns that recession is spreading

Recession may be inevitable. The latest reports on housing and manufacturing, according to investor Peter Bokvar, indicate that it is rapidly spreading to other parts of the economy. “People are not sensitive enough to this economic slowdown and what it will mean for corporate earnings and profit margins,” chief investment officer at Bleakley Consulting Group … Read more

The Chinese economy is slowing down. Tesla, 3M and other stocks that will take a big hit.

The Chinese economy is slowing down.  Tesla, 3M and other stocks that will take a big hit.

font size Tesla generates about a quarter of its sales in China. Patrick T. Fallon/AFP via Getty Images Economic data from China Not great. And that’s not good for American companies that do a lot of business in the country, including 3M And the TeslaAnd many other manufacturers. China Possess Industrial production for July grew … Read more

Retail giants report with all eyes on the consumer

Retail giants report with all eyes on the consumer

CNBC’s Jim Kramer said Monday that this week’s economic data and retailer earnings reports will give important insights into the state of the US consumer, and thus inflation. “This week is a consumer referendum,” he said. The “mad moneyThe host said he is watching the release of the Federal Reserve’s July meeting notes on Wednesday, … Read more

Goldman Sachs sees ‘possible but difficult path’ for the Fed to defeat inflation without a recession

Construction workers outside the Marriner S. Eccles Federal Reserve Building, are pictured Wednesday, July 27, 2022 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images The Fed’s path to cutting hyperinflation while keeping the economy from sliding into a major deflation is still open but narrowing, according to Goldman Sachs. As the … Read more

Goldman Sachs sees ‘possible but difficult path’ for the Fed to defeat inflation without a recession

Construction workers outside the Marriner S. Eccles Federal Reserve Building, are pictured Wednesday, July 27, 2022 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images The Fed’s path to cutting hyperinflation while keeping the economy from sliding into a major deflation is still open but narrowing, according to Goldman Sachs. As the … Read more

Disney, Poshmark, Vroom, and more

Disney World celebrated its 50th anniversary in April 2022. Aaronb/Power Griffin | Gc photos | Getty Images Check out the companies making headlines around midday Monday. Bushmark – Shares of the used fashion retailer jump 15% after Barclays Promote them to overweight of the same weight. The company said it sees more than 40% potential … Read more

Monday’s Top Wall Street Analysts Calls: Apple, Amazon, Disney, Peloton

Here are Monday’s biggest calls on Wall Street: JPMorgan repeats Peloton as overweight JPMorgan said it remains positive for Peloton shares to enter earnings next week. “We remain positive about PTON stock as the company continues to shift the cost structure from fixed to variable with an eye toward turning FCF positive in the back … Read more

The Dow Jones Industrial Average stabilized on Monday after recovering from a nearly 180-point drop

Energy decreases Energy stocks led declines in early morning trade, with the sector down more than 4%. Shares of names such as Halliburton, Marathon Oil and Diamondback Energy fell more than 5% each. Shares of finance companies Wells Fargo, Bank of America and Citigroup fell 1%. Subjects also fell 1%, with Nucor and Mosaic down … Read more

Consumer and factory data in China missed expectations in July

Employees work in an air conditioner production line at Midea’s factory in Guangzhou, China. Jade Zhao | AFP | Getty Images BEIJING – China reported data for July that came in well below expectations as slumping real estate and Covid controls dampened growth. The National Bureau of Statistics said Monday that retail sales grew 2.7% … Read more