Latest News

Cathie Wood Warns of ‘Serious Losses’ in Automobile Debt


S&P Futures



Dow Futures



Nasdaq Futures



Russell 2000 Futures



Crude Oil












10-Yr Bond















CMC Crypto 200



FTSE 100



Nikkei 225



(Bloomberg) — Cathie Wood flagged the risk of “serious losses” in the trillion-dollar auto debt market, after statistics showed US used vehicle prices decreased in September.

Most Read from Bloomberg

Putin Threatens More Strikes on Ukraine After Missile Blitz

Ukraine Latest: Putin Calls Security Meeting, Comments on Bridge

Screening Procedure Fails to Prevent Colon Cancer Deaths in Large Study

Eight Years of Combat Hardened Ukraine’s Army Into a Fighting Force

The Ark Investment Management LLC founder and chief executive officer cited a shift in consumer taste toward electric cars as leading to a drop in the price of gasoline-powered vehicles, according to a tweet that referenced data released by Manheim Auctions, the world’s largest reseller of used vehicles.

That organization’s US Used Vehicle Value Index posted a 3% drop in September from the month before.

Wood’s post follows a tweet last month warning about risks building for US auto debt. Vehicle loans were at an all-time high of nearly $1.4 trillion as on June 30, according to a quarterly data released by the Federal Reserve.

A Bloomberg index of asset-backed securities has lost 5.3% so far this year, less than the 20.2% slump in an index of global bonds.

Most Read from Bloomberg Businessweek

Hackers Target Eager Homebuyers With a Dumb Scam That Keeps Working

Even After $100 Billion, Self-Driving Cars Are Going Nowhere

The Massive Gas Field That Europe Can’t Use

‘I Am Energy’: Inside the Bang Billionaire’s Reeling Empire

(C)2022 Bloomberg L.P.



Beware: You Could Lose Your 401(k)

Employer-sponsored retirement plans are one of the best ways for working Americans to build wealth. They offer tax advantages, allow your money to grow over time and many employers even match your contributions. But the job market is changing and … Continue reading -> The post Can You Lose Your 401(k)? appeared first on SmartAsset Blog.

Is the Stock Market Open Today? Here Are the Hours for Columbus Day 2022.

Columbus Day arrives this year after investors navigated choppy waters last week. The marked its largest two-day gain since April 2020 on Tuesday, after a weak ISM manufacturing activity report and other economic data suggested the Federal Reserve might ease future interest-rate hikes. This week, investors can expect third-quarter earnings results, the September consumer price index reading, and other macro data to give better clues as to whether the Fed will be able to negotiate a soft landing or plunge the U.S. into a recession.

PayPal Sets Social Media Ablaze with Major Change

PayPal is in trouble. “You are independently responsible for complying with all applicable laws in all of your actions related to your use of PayPal’s services, regardless of the purpose of the use,” the document, called “Acceptable Use of Policy,” said.


2 “Strong Buy” Stocks With High-Yielding Dividends

For the retail investor, the only certainty of our current market environment is uncertainty. Volatility is up, and the main indexes are showing deepening losses. As if that wasn’t enough, at least one market bull is turning a bit more pessimistic. JPMorgan strategist Marko Kolanovic has been one of the more bullish voices on Wall Street in recent months, but current conditions have him pushing the timeline back. While he still believes that the S&P 500 can hit 4,800, or a 32% gain from current


Wall Street Is Missing the Risk to Stocks If Inflation Is Beaten

(Bloomberg) — The conventional wisdom with stock bulls is that prices will take off when the Federal Reserve wins its fight against inflation. But the end of surging consumer costs could unleash another round of bad news.Most Read from BloombergUkraine Latest: Putin Calls Security Meeting, Comments on BridgeRussia Races to Reopen Crimea Bridge Damaged in Fiery BlastEight Years of Combat Hardened Ukraine’s Army Into a Fighting ForcePutin Orders Sakhalin-1 Project Transferred to Russian EntityA s

Elon Musk’s Private Messages with Billionaire Pals

In Musk v. Twitter, a part of the business life of the richest man in the world is revealed. Private messages exchanged with his inner circle immerse us into his process when he conceives an idea. The messages were released by the Delaware Chancery Court as part of the proceedings between the two parties.

The Bad Year of Chipmakers AMD, Nvidia and Intel Turns Into a Nightmare

The year 2022 has been a painful journey for semiconductor manufacturers. Following the example of AMD , Nvidia and Intel , which are the three main players in the sector, 2022 is a year to forget .Their valuations are in recession. Advanced Micro Devices (AMD) currently has a market value of $94.4 billion, which is a decrease of at least $83 billion compared to December 31, 2021.

Associated Press

Former Fed chair Bernanke shares Nobel for research on banks

Former U.S. Federal Reserve Chair Ben Bernanke, who put his academic expertise on the Great Depression to work reviving the American economy after the 2007-2008 financial crisis, won the Nobel Prize in economic sciences along with two other U.S.-based economists for their research into the fallout from bank failures. Bernanke was recognized Monday along with Douglas W. Diamond and Philip H. Dybvig.

Motley Fool

3 Electric Vehicle Stocks Down 78% to 80% That Billionaires Can’t Stop Buying

In case you haven’t noticed, it’s been a rough year for Wall Street and everyday investors. Since each of the three major U.S. stock indexes hit their all-time highs between mid-November and the first week of January, they’ve all fallen by 22% to 34%, which firmly places them in a bear market. Electric vehicle (EV) stocks are a perfect example.

Is the Stock Market Open Today? Here Are the Hours for Columbus Day 2022.

Previous article

Dow Jones Newswires: GSK says U.S. FDA approves Boostrix for immunization during pregnancy

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News