article_normal:

Stocks end lower Friday, cement biggest 9-month plunge in 20 years

Published: Sept. 30, 2022 at 4:07 pm ET US stocks end sharply lower Friday, closing out a brutal month of September and posting their worst skid in the first 9-months of a year in two decades as higher rates and recessions fears grip investors. The Dow Jones Industrial Average tumbled about 495 points Friday, or …

Stocks end lower Friday, cement biggest 9-month plunge in 20 years Read More »

It’s the worst September for stocks since 2002. What that means for October.

September is traditionally the toughest month for stocks, but this was a doozy, A Friday drop left the S&P 500 and Dow Jones Industrial Average with their biggest monthly losses since March 2020. And it was the worst September performance for both indexes since 2002. Seasonally inclined investors may wonder what that means for October. …

It’s the worst September for stocks since 2002. What that means for October. Read More »

Micron cuts capital spending to stem ‘unprecedented’ oversupply cycle

Micron Technology Inc. shares fell slightly in the extended session Thursday after the memory-chip maker said it was taking steps to emerge from an “unprecedented” current market downcycle by scaling back on plans to build out capacity. For the fiscal first quarter, Boise, Idaho-based Micron MU, +1.30% said it expects between an adjusted loss of …

Micron cuts capital spending to stem ‘unprecedented’ oversupply cycle Read More »

US economy shrank in the first half of 2022, updated GDP confirms

The numbers: The US shrank in the six months of the year, first revised government figures confirm, and painted a picture of economy buffeted by strong headwinds and tailwinds. Gross domestic product, the official scorecard of the economy, fell at a 0.6% annual clip in the second quarter, the Bureau of Economic Analysis said Thursday. …

US economy shrank in the first half of 2022, updated GDP confirms Read More »

Here’s a simple way to help teach your kids some complex financial lessons

During my late teens, my mom handed me two worn, blue passport-size books with details of my custodial investment accounts. I had no clue what to do with them, but it didn’t matter, because the accounts were empty anyway. Perhaps for the best, because I’m almost certain my assets wouldn’t have stood a chance. I …

Here’s a simple way to help teach your kids some complex financial lessons Read More »

Here’s a simple way to help teach your kids some complex financial lessons

During my late teens, my mom handed me two worn, blue passport-size books with details of my custodial investment accounts. I had no clue what to do with them, but it didn’t matter, because the accounts were empty anyway. Perhaps for the best, because I’m almost certain my assets wouldn’t have stood a chance. I …

Here’s a simple way to help teach your kids some complex financial lessons Read More »

Amazon unveils bedside device that watches you sleep

NEW YORK — Soon enough, a bedside Amazon device might know whether you’re sleeping — or not. The e-commerce and tech giant said Wednesday it will start selling a device later this year that can track sleeping patterns without a wristband. The device, called Halo Rise, will use no-contact sensors and artificial intelligence to measure …

Amazon unveils bedside device that watches you sleep Read More »

Apple’s rumored production cutback ‘overshadows the underlying story’ of strong iPhone 14 Pro demand

Apple Inc. shares were falling Wednesday after a report indicated that the company was holding off on plans to increase iPhone 14 production orders as it failed to see the burst of demand it once expected, but analysts weren’t sweating such a move. Bloomberg News reported late Tuesday that Apple AAPL, -2.65% told suppliers not …

Apple’s rumored production cutback ‘overshadows the underlying story’ of strong iPhone 14 Pro demand Read More »

Bond-market volatility touches one of highest levels since 2007-2009 financial crisis and recession

Volatility in the ordinarily sedate world of bonds climbed this week to one of the highest levels since the 2007-2009 financial crisis and recession. The ICE BofA MOVE Index, which tracks fixed-income volatility, soared to 158.12 as of Tuesday, the most recent data available, according to Refinitiv. That’s the highest since 2009, with the exception …

Bond-market volatility touches one of highest levels since 2007-2009 financial crisis and recession Read More »