Goldman Sachs: Why European natural gas could fall by 50%

Illustration by Elias Stein Font size Here’s a challenge to conventional wisdom, courtesy of Goldman Sachs : Europe “solved” the natural gas crisis over the winter and prices could fall by half in the next six months. Fuel costs have skyrocketed, setting records in Europe last month, just before Russia closed the Nord Stream 1 … Read more

Robinhood users buy and hold companies “know, understand and believe in for the long term.” These are their favorite stocks.

Tech companies, electric vehicle manufacturers and some meme stocks are part of the overall mix of stocks in Robinhood users’ portfolios, according to a new index from the brokerage app aimed at new investors. These are stocks like Amazon AMZN, +2.66%, Microsoft MSFT, +2.30%, Tesla TSLA, +3.60%, Apple AAPL, +1.88%, Ford Motor Company F, -0.32% … Read more

Robinhood users buy and hold companies “know, understand and believe in for the long term.” These are their favorite stocks.

Tech companies, electric vehicle manufacturers and some meme stocks are part of the overall mix of stocks in Robinhood users’ portfolios, according to a new index from the brokerage app aimed at new investors. These are stocks like Amazon AMZN, +2.66%, Microsoft MSFT, +2.30%, Tesla TSLA, +3.60%, Apple AAPL, +1.88%, Ford Motor Company F, -0.32% … Read more

The Soft Landing Case: How High Inflation Could End Without a Recession

Prominent economists, including: Larry Summers predict a recession. According to a poll by the Wall Street Journal, half of Americans think the US is already in it. Chairman of the Federal Reserve Jerome Powell has stopped talking about a “soft landing,” when the economy slows down enough to lower inflation but not raise unemployment much, … Read more

The silver lining of inflation: You can monetize your savings again

Higher interest rates mean rising borrowing costs for consumers. But they are finally able to make some money with their savings in return. The Federal Reserve has raised interest rates several times since March in its effort to combat high inflation and has indicated that more hikes are likely. In response, banks have gradually increased … Read more

‘The psychology has changed so quickly’: why stock market lows may be retested as the S&P 500 enters its weakest part of the year

As summer draws to a close, the US stock market is primed for a potentially shaky fall. “Recession fears are the most likely cause for a retest of the June lows,” Ed Clissold, chief US strategist at Ned Davis Research, said in a note dated Aug. 31. “From a seasonality perspective, there could be another … Read more

Stock Market Today: Dow Drops After Powell’s Hawkish Comments

Font size Fed Chair Jerome Powell’s speech hangs over the markets all week. Drew Angerer/Getty Images The stock market fell Friday as Federal Reserve Chairman Jerome Powell made aggressive comments about monetary policy at the annual Jackson Hole Symposium, even despite falling inflation. The Dow Jones Industrial Average fell 658 points, or 2%, while the … Read more

Avaya’s Collapsing Debt Deal Hits Goldman, JPMorgan Customers

A $600 million debt agreement that Goldman Sachs Group and JPMorgan Chase & Co. recently arranged for Avaya Holdings went bad within weeks. The two banks sold new loans and bonds for Avaya, a cloud communications company, at the end of June. Investors included Brigade Capital Management LP and Symphony Asset Management LLC, officials said.

Robinhood lays off 23% of staff as retail investors move off platform

Updated Aug 2, 2022 6:21 PM ET Listen to article (2 minutes) Robinhood Markets is cutting about 23% of its full-time staff as the flashy online brokerage continues to falter amid a sharp slowdown in client trading activity. The job loss marks the second round of layoffs this year at Robinhood, which cut its workforce … Read more

Morgan Stanley profit falls 29%

Morgan Stanley said Thursday that second-quarter profits fell 29% from a year ago, due to a decline in business deal closings. The New York bank posted earnings of $2.5 billion, or $1.39 per share. Analysts polled by FactSet had expected $1.56 per share. Revenue in the quarter fell 11% to $13.1 billion, also surpassing expectations … Read more