U.S. stocks and bond yields tumbled, with the S&P 500 flirting with a bear market, in a continued sell-off driven by investor fears the economy could be plunged into a recession. The major indexes plunged early in Thursday’s session, a day after falling 4%, before regaining ground. They eventually ended lower, with all three on … Read more
US stocks and bond yields fell amid lingering investor concerns about the health of the economy. Major indices plunged early in Thursday’s session, with the S&P 500 flirting with bear market territory – a market shortcut for a 20% drop from a recent high – a day after falling 4%. They then recovered some ground, … Read more
US stock futures fell, heralding a second day of market turmoil due to stronger-than-expected US inflation. S&P 500 futures fell 0.6% after the broad index closed 1.7% on Wednesday. Nasdaq-100 futures fell 1%, suggesting more losses for tech stocks after the opening bell. Stocks are under pressure on concerns over the withdrawal of accommodative monetary … Read more
Architect and designer Thierry W. Despont, known for designing lavish homes and hotels around the world, is listing his personal Hamptons estate for $23.5 million. Set on around 34 acres, the Southampton property was a horse farm which Mr Despont converted into a residence with a separate guest house and pool house, according to Harald … Read more
READING, Pa.—Emily Mascitis holds one of the most important jobs you never knew existed. As Americans’ monthly bills climb at the fastest rate in four decades, it’s Ms. Mascitis’ work that confirms that the $9 you just paid for a 4-pound bag of clementines is no anomaly. Newsletter Sign-Up The 10 points. A personal guided … Read more
The market’s most punishing selloff in years showed no signs of abating on Monday, with U.S. stock indices sliding to new lows for 2022 and other assets, like oil and bitcoin, also falling. Few people believe that a recession is imminent. The labor market continued to create jobs at a rapid pace. Wages are rising … Read more
Florence Donatello’s “David” (c. 1435-1440) presides over the great hall on the second floor of the Bargello Museum, raised on a higher base than before (although a shorter one than the original 6-foot-tall column of the sculpture). Unlike the muscular, manly version of Michelangelo across town at the Accademia, Donatello’s “David” is a slender teenager, … Read more
Reducing the volatility of your stock portfolio is becoming increasingly difficult. That’s the conclusion of researchers who, at the peak of the internet stock market bubble some 22 years ago, calculated that a stock portfolio needed to have at least 50 stocks to ensure its volatility was not higher than that of the market as … Read more
Yields on long-term U.S. Treasuries extended recent gains on Friday after new data presented a mixed picture for the labor market. Yields, which rise when bond prices fall, rose overnight but fell just before the release of the non-farm labor report. They then bounced back after the data was released before rebounding to break above … Read more
Stocks ended a crazy week with modest declines, extending a selloff that sent the S&P 500 to its longest weekly losing streak in more than a decade. Major indexes have swung wildly in recent sessions as investors tried to gauge the impact of the Federal Reserve’s plan to raise interest rates on the economy. Many … Read more