Concerns are mounting around Carvana, the "Amazon of used cars." The online car retailer was an investor darling during the pandemic. Carvana was a pioneer in the new way of buying and selling vehicles with its model of car vending machines.
Investors searching for that feeling telling you market sentiment is shifting to a more positive outlook have been brought down to earth again. Following 2022’s market behavior to a tee, the recent rally has run into a brick wall. To wit, the S&P 500 notched 5 consecutive negative sessions over the last week with investors mulling over the prospect of a recession. Indeed, financial experts have been sounding the warning bells on the precarious state of the global economy. One of the doomsayers h
Worried about the prospect of a recession coming next year? Well, that sounds like a mild scenario, if Michael Burry’s prognosis is anything to go by. The investor whose famous bet against the US housing market was documented in “The Big Short,” thinks a ‘multi-year recession’ is potentially in the cards – and one more severe than currently expected. This statement follows previous warnings regarding the economy, such as predicting last year that the ‘mother of all crashes’ is coming, while also
‘Defense Is the Name of the Game’: Jefferies Suggests 2 High-Yield Dividend Stocks — Including One With 13% Yield
The rollercoaster ride continues in the stock market, and equities have been falling across the board this week. The S&P 500 is down 3.5%, and the Dow has lost some 870 points. The market drop was fueled by uncertainty; recent economic data has been unexpectedly positive, and it’s clouded the forecast for the Fed’s interest rate decision next week. The central bank’s twin mandates, to rein in inflation and to moderate unemployment, frequently run counter to each other, and with inflation running
Should investors prepare for a winter full of persistent headwinds? Inflation remains high, rising interest rates are putting a squeeze on capital as well as making consumer credit more expensive, and both the China COVID lockdowns and the Russian war in Ukraine continue to crimp global supply chains. But even though the markets are facing serious headwinds, not every stock is going to react by falling. According to the analysts at Wall Street giant Deutsche Bank, two interesting stocks are like
Textron stock soared Tuesday after the defense company won a contract worth up to $80 billion to build a new helicopter for the Army. The Army is turning to Textron (ticker: TXT) subsidiary Bell Helicopter for a new long-range assault helicopter—the Bell V-280 Valor—that will replace the service’s 40-plus-year-old UH-60 Black Hawk. Textron beat a joint bid from Lockheed Martin (LMT) and Boeing (BA).
JPMorgan looks at ‘Armageddon scenario’ of Fed jacking rates up to 6.5%. Its conclusion may come as a surprise.
The stock and bond market could handle a much more aggressive Fed than expected, JPMorgan strategists argue.
Whether Santa eventually comes or not is still to be determined, with Mr. Claus perhaps postponing a decision until next Tuesday’s CPI release. Strategists led by Greg Boutle, head of U.S. equity and derivatives strategy, are expecting a capitulation event next year. “This would be a departure from the current bear market regime, which has been characterized by a grind lower in equities as P/E multiples have contracted,” they say.
If you want to be really rich, use these 3 Warren Buffett trading techniques that no one ever talks about
Buy and hold forever? Not always.
- The Conversation
Trump Organization tax fraud convictions show downsides of private companies having no independent oversight or outside accountability
Family-run businesses like Donald Trump's tend to have little outside oversight. AP Photo/Mark LennihanDonald Trump’s family business was found guilty of 17 counts of tax fraud and other financial crimes on Dec. 6, 2022, in a case prosecutors said displayed a “culture of fraud and deception” at the Trump Organization. Allen H. Weisselberg, the company’s former chief financial officer, had previously pleaded guilty to charges and testified before jurors against the Trump Organization – but never
Shares of many of America's largest banks are tumbling again on Tuesday after a period of outperformance that saw Goldman Sachs Group GS claw back practically all of its losses year-to-date.
- Decrypt Media
The FTX-linked trading firm made a number of unorthodox investments in the months leading up to its stunning collapse.
Investors are laser-focused on whether Lucid's order book for electric vehicles shrinks again in the current quarter.
- Simply Wall St.
Institutional owners may consider drastic measures as Costco Wholesale Corporation's (NASDAQ:COST) recent US$21b drop adds to long-term losses
A look at the shareholders of Costco Wholesale Corporation ( NASDAQ:COST ) can tell us which group is most powerful...
- Simply Wall St.
As United Parcel Service, Inc.'s (NYSE:UPS)) market cap dropped by US$8.5b, insiders who sold US$2.5m worth of stock were able to offset their losses
Insiders at United Parcel Service, Inc. ( NYSE:UPS ) sold US$2.5m worth of stock at an average price of US$192 a share...
The crypto billionaire who helped expose SBF’s insolvency calls him ‘one of the greatest fraudsters in history’ and accuses media and thought leaders of being manipulated
Binance CEO CZ is speaking out against SBF after FTX’s collapse and arguing he had nothing to do with his rival’s downfall.
Investing in stocks has traditionally been seen as a key part of building long-term wealth, but that may no longer be the case. A recent Bank of America Private Bank study of high-net-worth...
- Motley Fool
Over the preceding 12 months, the Nasdaq Composite has been battered, down 29% from its high reached late last year, falling victim to the latest bear market. In fact, Wall Street is surprisingly optimistic about the prospects of a couple of former high-flying growth stocks.
Once again, things are not looking good for Carvana. After losing half a billion dollars in Q3, losing its license to sell cars in Michigan, and laying off thousands of employees, creditors appear to believe bankruptcy is a real possibility. According to a report from Bloomberg, Carvana’s largest creditors have already signed a cooperation agreement to avoid a fight over who might get paid.