Industrial Goods
- Stock Market
Look for stocks to lose 30% from here, says strategist David Rosenberg. And don’t even think about turning bullish until 2024.
David Rosenberg, the former chief North American economist at Merrill Lynch, has been saying for almost a year that the…
Read More » - Stock Market
U.S. shoots downs Chinese balloon after Biden says he gave order
President Joe Biden said on Saturday that he ordered U.S. officials to shoot down the suspected Chinese spy balloon earlier…
Read More » - Stock Market
U.S. downs Chinese balloon over ocean, moves to recover debris
The United States on Saturday downed a suspected Chinese spy balloon off the Carolina coast after it traversed sensitive military…
Read More » - Stock Market
‘It seems everyone is bracing for a recession’: U.S. factories contract for third month in a row, ISM finds
The numbers: A key barometer of American factories contracted for the third month in a row to 47.4% and touched the…
Read More » - Stock Market
PayPal to lay off 7% of employees as part of cost-cutting push
PayPal Holdings Inc. plans to lay off about 7% of its staff as it continues with broader efforts to reduce…
Read More » - Stock Market
AMD CEO promises to keep taking data-center from Intel even as cloud demand pauses following ‘strong’ 2022
Advanced Micro Devices Inc. shares rose in the extended session Tuesday after the chip maker’s data-center sales gained and executives…
Read More » - Stock Market
Could Big Tech layoffs keep growing? Apple, Amazon, Facebook and Google may give hints in biggest week of earnings.
In the biggest week of the holiday-earnings season, Big Tech results will receive the spotlight amid thousands of layoffs that…
Read More » - Stock Market
Intel stock drops nearly 10% after earnings miss, execs predict quarterly loss as data-center market shrinks
Intel Corp. shares dropped more than 9% in the extended session Thursday after the chip maker reported a big miss…
Read More » - Stock Market
U.S. new home sales rise by 2.3%, despite broader sector weakness
The numbers: U.S. new home sales rose 2.3% to a seasonally-adjusted rate of 616,000 in December, from a revised 602,000…
Read More » - Stock Market
U.S. stocks climb as GDP report shows economy taking Fed’s rate hikes in stride
U.S. stocks opened higher on Thursday as optimism over Tesla’s earnings results and a stronger-than-expected GDP report left investors in…
Read More »