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

Stock market investors cheer July inflation data. Big-name firms like Pimco and BlackRock aren’t so sure.

Wednesday’s release of the consumer-price index report for July contained enough downside surprises to give stock investors hope the worst of inflation may be behind. Yet an undercurrent of worry remained at big-name firms like Pimco and BlackRock Inc., the world’s largest asset manager. According to Pimco economists Tiffany Wilding and Allison Boxer, the details … Read more

Investors pull $30 billion out of Pimco as inflation fears bite

Investors pulled 29 billion euros ($29.6 billion) from bond giant Pimco in the second quarter, its parent Allianz SE ALV, -1.57% said on Friday, highlighting nervousness in the fixed income sector as inflation rages and central banks hike interest rates. Revealing its results, the German insurance group said overall third-party assets under management dipped by … 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

Toronto Stocks Flat; Maple Leaf Foods Falls After Inflation, Labor Issues Hit 2Q

By Adriano Marchese Stocks in Toronto were near-flat in midday trading Thursday. Canada’s energy sector posted the largest decline in the session, while materials and technology led the gainers. Shares of Maple Leaf Foods Inc. fell after the company said inflation and labor issues weighed on its second quarter. Canada’s S&P/TSX Composite Index was up … Read more

Toronto Stocks Flat; Maple Leaf Foods Falls After Inflation, Labor Issues Hit 2Q

By Adriano Marchese Stocks in Toronto were near-flat in midday trading Thursday. Canada’s energy sector posted the largest decline in the session, while materials and technology led the gainers. Shares of Maple Leaf Foods Inc. fell after the company said inflation and labor issues weighed on its second quarter. Canada’s S&P/TSX Composite Index was up … Read more

Instem 1H Revenue Rose, Inflation to Pressure Operating Profit

By Michael Susana Instem PLC said Thursday that it expects to report a 40% increase in revenue for the first half of 2022, but that operating profit growth is likely slow due to inflationary pressures. The company, which provides IT services to the life-sciences industry, said it expects combined organic and inorganic revenue for the … Read more

Opinion: Food inflation remains stubbornly high in US and Europe

The pace at which food prices rise matters not just because it directly impacts household budgets, especially for those at the lower end of the income distribution, but also because the visibility of food price changes helps to shape the public’s expectations of inflation which itself can contribute to higher inflation. Annualized food inflation is … 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