Actually, Costco Is Raising its Membership Prices

Warehouse clubs remain a tremendous value for customers even if they do charge a membership fee in order to shop there. Costco (COST) Walmart’s (WMT) Sam’s Club, and BJ’s Wholesale (BJ) all offer members a similar proposition – pay a membership fee and get access to a selection of items at low prices. There are … Read more

Don’t look for a stock market bottom until a soaring dollar cools down. Here’s why.

It will be difficult for the stock market to stop its slide and find a bottom as long as the US dollar keeps soaring versus its rivals, according to market analysts. Global stocks suffered a bruising week, with the S&P 500 on Friday narrowly avoiding its lowest close of the year. At the same time, … Read more

These 20 stocks in the S&P skidded as much as 21.5% during another brutal week for the market

Another difficult week for US stocks ended with shares of oil producers sliding and Ford Motor Co. tumbling further on concerns over supply shortages. The S&P 500 SPX fell 1.7% on Friday for a one-week decline of 4.6%, as investors continued to fret about the Federal Reserve’s interest-rate increases to temper inflation. Among components of … Read more

Premarket stocks: The curious case of falling gold prices

But gold prices haven’t surged. In fact, they’re down almost 20% from their recent March peak. That puts gold on the cusp of a bear market. “Investors don’t have much appetite to hold gold in the current environment,” Warren Patterson, head of commodities strategy at ING, told me. Breaking it down: Gold prices skyrocketed in … Read more

S&P 500 sees its third leg down of more than 10%. Here’s what history shows about past bear markets hitting new lows from there, according to Bespoke.

Stocks fell sharply after the Federal Reserve announced Wednesday that it was raising its benchmark rate by three-quarters of a percentage point as it battles inflation, with the S&P 500 continuing a slide described by Bespoke Investment Group as its third leg down. “Where this bear market ultimately bottoms is anyone’s guess, and events outside … Read more

Ray Dalio says stocks, bonds have further to fall, sees US recession in 2023

As the world waits for the Federal Reserve to deliver what’s expected to be its third “jumbo” interest-rate hike, Bridgewater Associates founder Ray Dalio shared a warning for anybody still hanging on to the hope that beaten-down asset prices might soon bounce back . In Dalio’s estimation, the Fed must continue to substantially raise interest … Read more

The Dow tumbled 500 points because Jerome Powell’s Fed ‘isn’t going to blink’

It took stock-market investors a while to make up their minds, but when the closing bell sounded on Wednesday it was clear they didn’t like what they had heard from the Federal Reserve and its chairman Jerome Powell. If it’s: Fed approves third large interest rate hike and signals more before year-end Central bankers also … Read more

Elon Musk Makes a Major Promise to Iranians and Cubans

Elon Musk’s prominence continues to grow. The chief executive of Tesla (TSLA) has more than 106.2 million followers on Twitter, one of the platforms where trendsetters and opinion makers meet, news is often broken, and agendas are set. Just four people have more: Former US President Barack Obama with 133 million followers, and three pop … Read more

‘Disinflationary wave is building’ even as investors anticipate aggressive Fed rate increase, says this economist

Signs of disinflation have emerged even as investors fear Federal Reserve Chair Powell and his colleagues will keep battling inflation through aggressive rate hikes that have hurt both stocks and bonds, according to a Capital Economics note. While it appears the Fed may on Wednesday announce that it’s hiking its benchmark rate by three quarters … Read more

Time for someone else to ride the Peloton bike?

Shares of Peloton (PTON) are down a staggering 70% this year. Co-founders John Foley and Hisao Kushi announced last week they were leaving the company. That news comes just seven months after Foley stepped down as CEO, and Peloton brought in former Spotify (SPOT) and Netflix (NFLX) chief financial officer Barry McCarthy to lead the … Read more