Markets will shift to a ‘hope’ phase next year, and investors would be wise not to miss it, says Goldman Sachs

Markets will shift to a 'hope' phase next year, and investors would be wise not to miss it, says Goldman Sachs

Fresh China COVID-19 worries are threatening to nix any preholiday gains for Wall Street, with stock futures in the red and the dollar higher ahead of Monday’s open. In a shortened week that will bring both Thanksgiving and the World Cup kickoff, investors have all sorts of excuses to head to the sidelines. Those sticking … Read more

Warren Buffett’s chip-stock purchase is a classic example of why you want to be ‘greedy only when others are fearful’

Warren Buffett's chip-stock purchase is a classic example of why you want to be 'greedy only when others are fearful'

This has been quite a year for Berkshire Hathaway and CEO Warren Buffett. The conglomerate just disclosed its investments in other companies as of the end of the third quarter, and one name — and one industry — stands out. In its 13F filing with the the Securities and Exchange Commission on Nov. 14, Berkshire … Read more

Markets are getting a wake-up call in 2023, says Morgan Stanley, which offers a plan for investors to get ready.

Markets are getting a wake-up call in 2023, says Morgan Stanley, which offers a plan for investors to get ready.

According to Fed Reserve Gov. Christopher Waller and several strategistslast week’s softer-than-expected October CPI that sent the S&P 500 to its best level in five months was overdone. His words may be getting through as stock futures point to a softer start as the last full week before Thanksgiving kicks off. We’ll also get retail … Read more

Experts question CDC guidelines on isolation after testing positive for COVID as Biden continues to work remotely

Experts question CDC guidelines on isolation after testing positive for COVID as Biden continues to work remotely

President Joe Biden is expected to continue to work from his office Tuesday as he isolates for at least five days in accordance with Centers for Disease Control and Prevention guidelines for people who test positive for COVID. The President tested positive again on Monday in a ‘rebound’ case, a rare outcome of the antiviral … Read more

FAANGs ain’t what they used to be, so beware the bear-market bounce says this hedge fund manager

FAANGs ain't what they used to be, so beware the bear-market bounce says this hedge fund manager

It’s been some rally. The S&P 500 SPX is starting the week at a seven-week high, bolstered by hopes for a less hawkish Fed and a sense that earnings pessimism was overdone. The benchmark stock index is up 12.6% from the recent low hit md-June, having delivered its best July performance since 1939, according to … Read more

Opinion: Is Mark Zuckerberg taking the first step toward turning Facebook into Yahoo 2.0?

Opinion: Is Mark Zuckerberg taking the first step toward turning Facebook into Yahoo 2.0?

Yahoo was once the most popular website on the planet, the only place that everyone on the internet seemed to touch at least once an online session. After an ignominious slide, however, Yahoo is just another site that has some fans in certain parts of Asia and offers some niche products. Has Mark Zuckerberg launched … Read more

Shopify stock sinks amid layoff plan as CEO admits, ‘I got this wrong’

Shopify stock sinks amid layoff plan as CEO admits, 'I got this wrong'

At the height of the COVID-19 crisis, many companies tethered to online spending predicted that the pandemic would permanently alter the trajectory of e-commerce growth for the better as people built new shopping habits online. Now Shopify Inc. SHOP, -14.06% has become the latest to admit that its projections may have gotten out of hand. … Read more

Opinion: I’ve been building homes for 40 years, and here’s what has to change if the US wants more starter homes

Opinion: I've been building homes for 40 years, and here's what has to change if the US wants more starter homes

As a Savannah-based home builder with more than 40 years of experience, I have seen that every year, entry-level housing is increasingly difficult to build. I am not alone. There are many reasons why builders across the US are unable to build affordably priced homes targeted to the critical first-time home buyer: Rising costs stemming … Read more

Here’s everything coming to Netflix in August 2022 — and what’s leaving

Here's everything coming to Netflix in August 2022 -- and what's leaving

“Stranger Things” kicked off the summer with a bang, and Netflix is ​​looking to end the season with another fan-favorite blockbuster. “The Sandman” (Aug. 5), based on Neil Gaiman’s iconic comic series, stars Tom Sturridge as Dream, aka Morpheus, aka The Sandman, a cosmic being who controls all dreams who must travel time and space … Read more

Buying stocks now could bring you pain over the next few weeks. But you’ll be thanking yourself a year from now, these analysts say.

Buying stocks now could bring you pain over the next few weeks.  But you'll be thanking yourself a year from now, these analysts say.

How bad is the mood out there right now? Try max bearish. So said Bank of America’s latest fund manager survey on Tuesday that showed expectations for profits and growth at recessionary levels. Yet Wall Street rallied and more gains are ahead for Wednesday, partly on earnings optimism but also as some see all this … Read more