This asset will crush all others in 2023, says hedge-fund manager who nailed one big call of 2022

This asset will crush all others in 2023, says hedge-fund manager who nailed one big call of 2022

As 2022 winds down and investors reflect on a horrendous year, they can take some comfort in the fact that the big guys had their share of misses. Among them is Harris Kupperman, the president of hedge fund Praetorian Capital, who recently blogged about his 2022 calls he nailed — a selloff of big tech … Read more

3M to Stop Making, Discontinue Use of ‘Forever Chemicals’

3M to Stop Making, Discontinue Use of ‘Forever Chemicals’

3M Co. MMM -1.08% said it would stop making so-called forever chemicals and cease using them by the end of 2025, as criticism and litigation grow over the chemicals’ alleged health and environmental impact. 3M Chief Executive Mike Roman said that the decision was influenced by increasing regulation of the chemicals known as PFAS, and … Read more

Clariant to Book $241 Mln Impairment From Romania Plant

Clariant to Book $241 Mln Impairment From Romania Plant

By Mauro Orru Clariant AG will take a hit of roughly 225 million Swiss francs ($240.8 million) that will show in its full-year results, as the sunliquid plant in Podari, Romania, hasn’t yet delivered its targeted yields. The Swiss chemicals company said Monday that it would book the impairment this month, reflecting the charge in … Read more

U.S. stock futures fall as Chinese protests rattle markets, oil hits 2022 low

U.S. stock futures fall as Chinese protests rattle markets, oil hits 2022 low

U.S. stock-index futures sank Sunday night, indicating possible losses on Wall Street on Monday, as Asian markets fell following widespread public demonstrations in China and as oil prices hit a 2022 low. Dow Jones Industrial Average futures YM00, -0.47% were down more than 150 points, or 0.5%, as of 11:30 p.m. Eastern, above their session … Read more

Citi says investors have up to six weeks to keep squeezing the bears after the inflation surprise

Citi says investors have up to six weeks to keep squeezing the bears after the inflation surprise

Well, that was something. Inflation came in a bit below forecast, and then the rockets came out — the best one-day percentage rise for the S&P 500 SPX, +5.54% since April 6, 2020, and the best one-day percentage rise for the Nasdaq Composite since March 24, 2020. If inflation has truly peaked, there’s really just … Read more

‘Oh my gosh, why am I not in the market?’ This forecaster says investors will be shocked by what’s about to happen next

‘Oh my gosh, why am I not in the market?’ This forecaster says investors will be shocked by what’s about to happen next

Slower, but higher rates and no pivot this side of Christmas. That was the message from Fed Chairman Jerome Powell after the central bank’s fourth-straight jumbo hike. Bruised investors look ready to keep selling stocks on Thursday as yields tear higher. Not everyone agrees with Powell. “The Fed is making a huge policy error, and they will manage to break … Read more

Celebrity Hairstylist Johnny Wright Debuts New Book

Celebrity Hairstylist Johnny Wright Debuts New Book

Johnny Wright, celebrity hairstylist whose clients have included Michelle Obama and Tamron Hall, has published his first book in partnership with the bestselling For Dummies series, Natural & Curly Hair for Dummies. Celebrity Hairstylist Johnny Wright  Curently available on Amazon and wherever books and eBooks are sold, the book empowers readers on their natural … Read more

Why stock-market investors fear ‘something else will break’ as Fed attacks inflation

Why stock-market investors fear ‘something else will break’ as Fed attacks inflation

Some investors are on edge that the Federal Reserve may be overtightening monetary policy in its bid to tame hot inflation, as markets look ahead to a reading this coming week from the Fed’s preferred gauge of the cost of living in the U.S.   “Fed officials have been scrambling to scare investors almost every … Read more

Stock-market investors brace for busiest week of earnings season. Here’s how it stacks up so far.

Stock-market investors brace for busiest week of earnings season. Here’s how it stacks up so far.

So far, so good? Stocks ended the first full week of the earnings season on a strong note Friday, pushing the Dow Jones Industrial Average DJIA, +2.47%, S&P 500 SPX, +2.37% and Nasdaq Composite COMP, -0.81% to their strongest weekly gains since June. It gets more hectic in the week ahead, with 165 S&P 500 … Read more

U.S. stocks set to open lower as Treasury yields hit fresh 14-year highs; Tesla tumbles after earnings

U.S. stocks set to open lower as Treasury yields hit fresh 14-year highs; Tesla tumbles after earnings

U.S. stocks looked set to open lower on Thursday as investors warily eyed Treasury yields climbing to fresh 14-year highs, while falling Tesla Inc. shares weighed on the Nasdaq ahead of the open. How are stock-index futures trading S&P 500 futures ES00, +0.11% were down 4.3 points, or 0.1%, at 3,703. Dow Jones Industrial Average … Read more