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

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

Financial markets may see three-month string of 8.8% inflation readings starting next week, adding up to `bad news’

The financial market’s most knowledgeable inflation traders are expecting a string of roughly 8.8% annual headline US consumer-price readings over the next three months, starting with the Aug. 10 release of July’s dates. While such readings would be below June’s 9.1% reading and support the theory that inflation may have peaked at an almost 41-year … Read more

Why China-Taiwan tensions moved to the forefront of financial market worries

It’s an island off the coast of China, with a land area comparable to Maryland and Delaware combined. Its population is about 1 million higher than that of Florida. Often overlooked in world headlines, Taiwan is grabbing the financial market’s attention as the biggest macro risk of the day, prompting many traders and investors to … Read more

US inflation surges again and stays at 40-year high, key price gauge shows

The numbers: A key gauge of US inflation rose a sharp 1% in June, led by higher fuel prices, in a sign that price pressures in the economy are still intense and unlikely to relent quickly. The increase in the so-called personal-consumption price index exceeded Wall Street’s forecast. Economists had predicted a 0.9% advance. A … Read more

In a busy morning 3M announces healthcare spin off, mixed earnings and subsidiary’s voluntary bankruptcy

3M Co. was busy before market open Tuesday, announcing the planned spinoff of its healthcare business, second-quarter results, and the voluntary bankruptcy of the company’s Aearo Technologies subsidiary. Buoyed by the flurry of announcements, shares of 3M Co. mmm, +6.77% shot up as much as 8.6% to an intraday high of $145.70 moments after the … Read more