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Economy, Stocks

“Stocks could crash 25% with Fed rate hikes set to trigger a recession before the end of 2023, strategist says”

“…US stocks could crash 25% from their current levels with the Federal Reserve’s aggressive interest-rate hikes set to plunge the economy into a recession before year-end, according to FS Investments’ chief market strategist… “From our perspective, there’s probably only 3%… Continue Reading…

Business

“Apple wants to manufacture 25% of its iPhones in India, minister says”

“Apple is looking to manufacture 25% of all of its iPhones in India, the country’s commerce minister said Monday… JPMorgan analysts said in a note from September that Apple could make 25% of all iPhones globally in India by 2025… Apple… Continue Reading…

Banking

“Citigroup reports 25% decline in third-quarter profits but tops revenue expectations”

“Citigroup said Friday that its third-quarter earnings fell 25% as it bulked up its credit loss provisions and investment banking slumped. However, Citi shares gained more than 2% as revenue climbed more than analysts expected, helped by rising interest rates, and… Continue Reading…

Stocks

“Chip stocks could plunge another 25% as ‘we are entering the worst semiconductor downturn in a decade,’ analyst says”

“[Citi Research analyst Christopher Danley] “We maintain our belief that every company/end market will correct and we expect the SOX index to hit new lows and fall another 25%,” Danley said. Danley’s referring to the PHLX Semiconductor Index SOX, -0.28%, which is already… Continue Reading…

Business

“Elon Musk says Tesla will hike the price of FSD driver assistance software by 25% in September”

“Tesla CEO Elon Musk on Sunday announced a 25% price increase for the company’s premium driver assistance system, which is marketed under the name Full Self-Driving, or FSD. The price will increase to $15,000 from $12,000 on Sept. 5, Musk said in a… Continue Reading…

Economy, Personal Finance

“25% of Americans felt financially stressed all the time last year, CNBC + Acorns Invest in You survey found”

“…One-quarter of Americans said that they felt financially stressed all the time last year, according to a CNBC + Acorns Invest in You survey, conducted by Momentive. The online survey of nearly 4,000 adults was conducted March 23-24.   Another 41% said… Continue Reading…

Economy

“Inflation Projected 20% to 25% Over The Next Few Years”

“EDITOR’S NOTE: Jeremy Siegel, a professor at the prestigious University of Pennsylvania’s Wharton Business School, “told the assembled wealth managers at the Forbes/SHOOK Top Advisor Summit in Las Vegas that the current economic picture is unsustainable and projected 20% to… Continue Reading…

Stocks

“Snap stock plummets 25% after iOS ad tracking changes hit revenue”

“Snapchat’s parent company crossed $1 billion in quarterly revenue for the first time ever, but worse-than-expected earnings and a forecast of more headwinds to come led its stock to crash on Thursday.Shares of Snap (SNAP), which owns the popular photo and video… Continue Reading…

Economy, Stocks

“Bed Bath & Beyond shares dive more than 25% as supply chain issues hit sales, inflation eats into profits”

“…Here’s how Bed Bath & Beyond did in its second quarter ended Aug. 28 compared with what Wall Street was expecting, based on a Refinitiv survey of analysts: Earnings per share: 4 cents adjusted vs. 52 cents expected Revenue: $1.99… Continue Reading…

Stocks

“25 Energy Stocks To Buy Or Sell After The Election”

“#1. Array Technologies… went public about a month ago and managed to charge straight out of the gate, surging 79% in its first three trading days to give the maker of solar-powered equipment a market valuation of $5 billion. However,… Continue Reading…