What inflation? Small investors keep piling into flashy growth stocks

What inflation?  Small investors keep piling into flashy growth stocks

Conventional Wall Street wisdom says inflation is bad for growth and technology stocks. Many small investors do not care. Individual investors continue to penetrate stocks in growth companies, the types of busy stocks that have had explosive price increases this year. Advanced Micro Devices Inc., Nvidia Corp. and Apple Inc. are the three stocks most … Read more

AT&T, Verizon proposes 5G limits to break air safety standoff

AT&T Inc. and Verizon Communications Inc. said they will limit some of their fifth-generation wireless services for six months while federal regulators review the effects of the signals on flight sensors, an attempt to remedy a conflict that has plagued both industries. The mobile carriers detailed the proposed limits on Wednesday in a letter to … Read more

Jamie Dimon says he regrets the joke about JPMorgan outlasting China’s Communist Party

JPMorgan Chase & Co. CEO Jamie Dimon on Tuesday made a direct remark about the US banking giant’s ability to survive China’s Communist Party, a few days after he made a whirlwind trip to the Chinese financial center in Hong Kong due to a state travel exemption. “I was just in Hong Kong and I … Read more

Aaron Rodgers does not just have any toe injury. He has Covid Toe.

Since Aaron Rodgers returned to the field after testing positive for Covid-19, after sitting out for 10 days because he was unvaccinated, star Green Bay Packers quarterback has had a mysterious and painful toe injury. After previously describing it in vague terms as a “Covid injury,” Rodgers confirmed what dermatologists had previously suspected. “No lingering … Read more

Bond yields, stock futures fall ahead of the Fed protocol

U.S. stock futures stopped as investors awaited a big day of releases of financial data ahead of the Thanksgiving holiday, plus minutes from the Federal Reserve‚Äôs most recent meeting. Futures linked to the S&P 500 and blue-chip Dow Jones Industrial Average Futures fell 0.3 percent on Wednesday. Technology-heavy Nasdaq-100 futures fell 0.3%, a day after … Read more

Walgreens, Walmart and CVS pharmacies contributed to the opioid epidemic, Ohio jury findings

A federal jury in Cleveland on Tuesday found that the companies that own CVS, Walgreens and Walmart pharmacies were responsible for contributing to the opioid epidemic in two Ohio counties – the first, potentially influential verdict among many lawsuits against pharmacy chains. In the case, attorneys for Lake and Trumbull counties in northeastern Ohio had … Read more

Tesla’s Musk sells shares again. Here’s when it might end.

Tesla CEO Elon Musk is back selling shares. All of the new sales announced Tuesday took place on the same day. All of Tuesday’s sales are part of a pre-agreed plan to exercise expiring management stock options. And while the option-related activity is not unexpected, investors still want to know when Musk’s sale will end. … Read more

Turkish lira falls after Erdogan defends interest rate cuts

Turkey’s economic crisis entered a tumultuous new phase, with its currency falling to a new record low, and President Recep Tayyip Erdogan preparing to meet the leader of a regional rival in the pursuit of foreign investment. The lira fell as much as 12% on Tuesday, threatening to shake the economy further by undermining confidence, … Read more

Stock futures are falling, interest rates are rising after Powell’s Fed nomination

U.S. stock futures fell and bond yields rose in the wake of Jerome Powell’s nomination to continue as chairman of the Federal Reserve, ahead of new economic data and retail and technology earnings. Futures tied to the S&P 500 ticked down 0.1% on Tuesday, suggesting that the broad market index could soar after closing 0.3% … Read more

20 minutes with: The prolific art collector Mohammed Afkhami

As the founder of Dubai-based investment giant Magenta Capital Partners, Mohammed Afkhami knows the art behind the deal. And as a ferocious collector, he also knows what’s up with art. Now the standouts of his 600-piece collection form the basis of a new exhibition at the Asia Society Museum in New York. “Rebel, Jester, Mystic, … Read more