These stocks soared up to 12% after inflation cooled

Amid the euphoria following what appeared to be the first sign of slowing inflation, stocks staged a broad rally on Aug. 10, with dozens of large-cap stocks rising 5% or more. Those included several tech names that investors loved during the early stages of the coronvirus pandemic, along with cruise lines, credit-card lenders and chip-related … Read more

5 things we’ve learned from earnings season so far: How big an impact is inflation having?

More than 80% of the S&P 500 index’s companies have reported second-quarter results so far, and at least five key takeaways have emerged — including that Wall Street was far more worried about the coming earnings season than it needed to be. That doesn’t mean investors were wrong; the numbers and management commentary have confirmed … Read more

RBA cuts GDP, unemployment forecasts and ramps up inflation expectations

SYDNEY — The Reserve Bank of Australia has lowered its 2022 unemployment forecast, highlighting the continued momentum of the resource-rich economy despite rapidly rising interest rates and a jump in costs for households and businesses. With the unemployment rate already at a 48-year low of 3.5%, the RBA now expects the figure to fall to … Read more

Opinion: There are three reasons health care is the market’s best sector today. These eight stocks are the most worry-free.

You’re tempted to increase exposure to stocks because of the market’s strength. But you’re still gun shy because of the painful selloff. Plus, you’re worried about a recession. What to do? Buy health care stocks. They have plenty of defensive characteristics that help them outperform in recessions and late in economic cycles. But they also … Read more

12 ways to adjust your vacation for inflation

It’s still summer, and if you plan to travel soon, be prepared to see inflation at nearly every step along the way. According to a May NerdWallet survey, nearly 7 in 10 Americans planned to travel between Memorial Day and Labor Day, and among them, 81% said inflation would impact their plans. This number spiked … Read more

Two people charged with scheme to sell foreign nationals access to US politicians, including Trump

CNN — Two people have been charged with running a years-long scheme that took in at least $27 million from foreign investors, which involved false promises for green cards in exchange for investments, funding a fake school and promising access to prominent American politicians, including former President Donald Trump, in exchange for money that was … Read more

Banker quits HSBC on controversy over comments questioning climate risks

an executive at UK-based HSBC left the multinational bank following controversy over his criticism of the premise that climate change poses substantial risks to investors. Stuart Kirk, who was head of global responsible investing at the bank’s asset management division, announced his resignation Thursday, saying with a touch of irony that his relationship with his … Read more