Stocks Close Out Losing Week, Month and Quarter Major stock benchmarks declined more than 1% Friday as investors considered consumer-spending figures and the Federal Reserve's preferred inflation gauge. OPEC+ to Weigh Production Cut to Bolster Oil Prices The group is considering an output reduction of 1 million barrels a day, its biggest cut since the pandemic began, as the economic slowdown hurts demand. Japan Large Manufacturers' Sentiment Weakens Sentiment among Japan's large manufacturers deteriorated in the three months to September, the third straight quarter it has worsened, amid lingering concerns over supply shortages. U.K.'s Central Banker Faces Inflation, a Financial Crisis and His Own Government Bank of England Gov. Andrew Bailey intervened in bond markets to avert market turmo

U.S. stocks kicked off the fourth quarter with strong back-to-back gains earlier this week, with the $S&P 500 index(.SPX.US)$ jumping more than 5.7% off its 2022 low, helping investors claw back some of its crushing 9.3% loss in September. However, strategists warn the strong rally to start the quarter doesn't mean investors are out of the woods yet, particularly with Friday's employment report for September likely to offer important guidance to the Federal Reserve at its next policy meeting in early November. Lindsey Bell, chief markets and money strategist at Ally, thinks the data may offer a glimpse of the short-term direction for equities. Friday's employment report is expected to show the economy added 275,000 jobs for the month, compared with 315,000 new positions added

By Eric J. SavitzThe tech sector has a lot on the line in the midterm elections.Two years into the term of President Joe Biden, Big Tech has come under pressure from the White House, Congress, and regulatory agencies -- which are all trying to rein in its power.So far, there haven't been any major legislative changes: the push to rewrite antitrust regulations haven't resulted in new laws; there hasn't been any new privacy legislation; and no revisions have been made to Section 230, the measure which protects social media companies from risk of litigation for material created by users.At the same time, the tech sector did get a big win in the CHIPS and Science Act, which provides substantial government funding for construction of new chip fabs.Political pundits think the Republican Party is

SPDR S&P 500 ETF(SPY.US) 357.740358.240 -0.63%+0.14%Post Billionaire investor Ray Dalio has warned of a "perfect storm" that will spread economic pain as the U.S. Federal Reserve hikes interest rates and said government stimulus programs during the COVID-19 pandemic had created a bubble. What Happened: "The Fed and the government together gave enormous amounts of debt and credit and created a ... giant lurch forward and created a bubble. Now they're putting on the brakes. So now we're going to create a giant lurch backward," Dalio, who founded the world's largest hedge fund Bridgewater Associates and recently relinquished control of it, said at the Greenwich Economic Forum, according to a Reuters report. Dalio also said domestic tension in t

Microsoft(MSFT.US) 232.900 233.790 -1.94% +0.38% Post Sony(SONY.US) 64.050 64.050 -1.57% 0.00% Post With a market capitalization of over $2 trillion, Microsoft Corporation (NASDAQ:MSFT) is one of the largest companies in the world. The company has many units of business, but one of its most well-known products almost didn't exist, thanks to co-founder Bill Gates not believing in the story. Here's how the Xbox almost didn't see the light of day. What Happened: The Xbox segment of Microsoft is a $16 billion annual business today, but almost was never part of Microsoft's history. A story from IGN from several years ago is making the rounds again showing a meeting between Microsoft executives where Gates branded the Xbox an "insult" and tried to block its launch. The meeting has been know

With many more options available these days, which should you pick to grow your money in the long run? Savers are finally having their time in the sun. After enduring more than two decades of ultra-low interest rates, banks are finally starting to raise rates on their savings and fixed deposit accounts. Meanwhile, the latest issue of the Singapore Savings Bond (SSB) is offering an attractive first-year interest of 3.26% for its first year. With banks set to raise their deposit rates even further in line with the US Federal Reserve’s aggressive rate hikes, should investors start shifting their money from stocks to cash? Is it a wiser choice to park your money in such “safe” instruments over the long term? A comparison of rates and returns As a starting point, it’s useful to compare the

Jerome Powell's Inflation Whisperer: Paul VolckerAiming to reduce inflation even at the risk of recession, the Fed Chairman draws on a 1980s playbook. "We must keep at it until the job is done."Stocks Wobble as Investors Await Fed Meeting This WeekU.S. stock benchmarks swung between small gains and losses to kick off the trading week, as investors looked ahead to the Fed's interest-rate decision Wednesday and fretted about the health of the U.S. economy.Global Trade Flows Fall, Signaling SlowdownAn early indicator of trade flows developed by The Wall Street Journal pointed to a 2.8% fall in July, an indication that global demand for goods is slowing as high energy prices and rising interest rates weaken household spending power.Rising Bond Yields Change the Calculus for StocksWhether marke

Benzinga Real-time News· 39 mins ago 2mins SPDR S&P 500 ETF(SPY.US) 379.980377.460 -0.53%-0.66%Post Vanguard Bd Index Fund Inc Total Bond Market Etf(BND.US) 70.71070.500 +0.53%-0.30%Post U.S. Treasury Secretary Janet Yellen said on Thursday that new GDP data indicates strength in the U.S. economy but also some signs of a healthy slowdown which could have a positive impact on taming high inflation, reported Reuters. Yellen was speaking to reporters on her trip to Cleveland to tout the Biden administration's economic policies. On Recession: The Treasury Secretary said she still does not expect a recession, but the U.S. government possesses the fiscal capacity to respond to economic weakness, if appropriate, according to the report. The U.S. economy grew 2.6% in the th

Tesla(TSLA.US) 223.070223.800 -6.32%+0.33%Post Ford Motor(F.US) 12.20012.170 -1.29%-0.25%Post Amazon(AMZN.US) 114.560114.550 -4.77%-0.01%Post Rivian Automotive(RIVN.US) 33.95033.650 -7.64%-0.88%Post Rivian Automotive, Inc.'s (NASDAQ:RIVN) otherwise good week ended with some bad tidings for the electric vehicle manufacturer. What Happened: Rivian announced a voluntary recall of the EVs it delivered to customers after it identified issues with a fastener, according to a letter sent by CEO R.J. Scaringe to customers, which Benzinga has viewed. In rare circumstances, the nut could loosen fully, he added. "While we've only seen seven reports potentially related to this issue across our fleet to data, even one is too many," he added. Beginning in the fourth quarter of 2021, t

It's Jobs Day. Whatever the Market Says, Fed's Still Bullish on Economy S&P 500 index(.SPX.US) 4071.700 -0.12% The Kroger(KR.US) 47.57047.900 -1.74%+0.69%Post Amazon(AMZN.US) 94.13094.000 -1.43%-0.14%Post It's been a busy week for economic data and Federal Reserve speakers. As we cap it off with jobs and wages on Friday, the picture hasn't changed much. The Fed's preferred inflation gauge, which strips out volatile food and energy costs, slowed a little but is still too high. But consumer spending, also included in the PCE report, was the strongest since June in October and personal incomes are still rising. That's a bullish signal for the central bank. Fed Chairman Jerome Powell on Wednesday signaled that he's comfortable with a smaller interest-rate increase this month than the run o

Tesla(TSLA.US) 242.400243.700 -8.61%+0.54%Post By Angela Palumbo $Tesla(TSLA.US)$ stock dropped on Monday after the electric-vehicle company disclosed delivery figures that fell short of Wall Street forecasts, but at least some analysts see reason for optimism. On Sunday, Tesla reported that it delivered 343,830 cars and produced 365,923 in the third quarter. The deliveries were a jump compared with the 254,695 vehicles Tesla handed over to customers in the second quarter, but still below Wall Street estimates. The company said that deliveries have historically been skewed toward the end of each quarter, and that as "production volumes continue to grow, it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost during these peak logistic

Tesla(TSLA.US) 180.190179.250 -1.63%-0.52%Post Since taking over social media platform Twitter, job cuts and working for Elon Musk have been popular topics. Benzinga polled its Twitter followers to find out how people feel about working for Musk. What Happened: Musk recently completed a $44 billion acquisition of Twitter. The deal makes Musk the current CEO of Twitter, Tesla Inc (NASDAQ:TSLA) and SpaceX. Since taking over Twitter, Musk has put an emphasis on changing things and pushing the platform forward. The move includes cutting jobs and focusing on employees ready to push the next step of growth forward. Twitter workers have been fired for posting comments about Musk on internal communication platform Slack and also for calling him out publicly on Tw

Tesla(TSLA.US) 228.520228.370 +1.52%-0.07%Post By Emily Bary As deal close draws nearer, Musk also tweets that people are 'wrong' about his views on advertising After a whiplash-inducing last few months, Elon Musk is nearing Friday's deadline to close the Twitter Inc. deal, and it looks like the tumultuous acquisition is really going to happen. Banks have started to transfer their financing, according to the Wall Street Journal, and Musk's latest actions don't give the indication that he's looking to back out of the arrangement (once again) at the 11th hour: The Tesla Inc. (TSLA) chief executive visited Twitter's (TWTR) offices Wednesday--sink in hand--and then sought to provide more information about his purchase intentions in a Thursday post to the service. Musk explained on Twitter that

JPMorgan(JPM.US) 104.990105.200 -0.93%+0.20%Post By Joseph Adinolfi $JPMorgan(JPM.US)$ CEO Jamie Dimon warned investors on Monday that he expects markets to remain volatile for the foreseeable future, and that the $S&P 500 index(.SPX.US)$ could easily fall another 20% as the Federal Reserve continues to raise interest rates. Asked by CNBC about where he expects stocks to bottom, Dimon said he couldn't say for sure, but that it's easy to imagine the S&P 500 falling by another 20% as volatile markets become even more "disorderly" as rates continue to climb. "It may have a ways to go. It really depends on that soft-landing, hard-landing thing and since I don't know the answer to that it's hard to answer...it could be another easy 20%. The next 20% could be much more pai

Visa(V.US) 203.330203.770 +4.60%+0.22%Post By Emily Bary Full-year revenue outlook looks 'overly conservative' amid recovery in cross-border spending, according to Raymond James In the words of Wolfe Research analyst Darrin Peller, $Visa(V.US)$'s earnings outlook came with "extensive parameters." Among them was Visa's (V) disclosure that its forecast for the fiscal year ahead assumes that the economy retains stable. In other words, the company didn't bake a recession scenario into its new annual targets, though executives said they were prepared to adjust quickly in the event of an "economic or geopolitical shock." Since Visa has a September-ending fiscal year, its outlook was hotly anticipated as it would provide an early glimpse of what the payments universe could expect in an uncer

InvestorPlace· 10/04 21:59 AMC Entertainment(AMC.US) 7.8307.680 +13.81%-1.92%Post Robinhood(HOOD.US) 10.82010.755 +7.13%-0.60%Post AMC Preferred Equity Unit(APE.US) 2.7402.730 +12.30%-0.36%Post InvestorPlace - Stock Market News, Stock Advice & Trading Tips Interestingly, much of the news surrounding global movie-theater chain AMC Entertainment (NYSE:AMC) lately has nothing to do with films. Recently, AMC stock declined after the U.S. Securities and Exchange Commission (SEC) revealed it wouldn't ban payment for order flow (PFOF). Then, shares fell sharply after AMC Entertainment filed to sell up to 425 million AMC Preferred Equity Units (NYSE:APE). First things first. In early August, AMC Entertainment announced a "special dividend." This was distributed as AMC

All three banks reported stellar sets of earnings, so which one should investors pick? It’s a sign of the times. A surge in interest rates caused by four consecutive rate hikes of 0.75 percentage points each from the US Federal Reserve has led to all three local banks reporting record results for their fiscal 2022’s third quarter (3Q2022). United Overseas Bank Ltd (SGX: U11), or UOB, kicked off the banks’ earnings season by reporting a net profit of S$1.4 billion. Singapore’s largest bank, DBS Group (SGX: D05), also reported a record net profit of S$2.24 billion for 3Q2022 while peer OCBC Ltd (SGX: O39) chalked up its highest-ever net profit of S$1.6 billion. Investors are now faced with a happy dilemma. With the trio of banks rep

The government has surprised everyone by announcing a raft of new measures to help Singaporeans cope with the rising cost of living. Eligible adult Singaporeans will receive up to S$500 in cash to help them cope with the higher cost of goods and services. This payout will go to roughly 2.5 million Singaporeans who earn less than S$100,000 of assessable income and do not own more than one property. In addition, households will also receive another S$100 of Community Development Council (CDC) vouchers to help them offset grocery purchases at supermarkets and pay for food and drinks at hawker centres and coffee shops. Public transport vouchers of S$30 each for households with a monthly income per person of less than S$1,600 will also be given out. In total, the government is doling out S$1.5

By Eliza Collins WASHINGTON -- Republicans won a majority of seats in the House of Representatives, the Associated Press said, bolstering their ability to steer the agenda on Capitol Hill after two years of Democratic control of both chambers of Congress and the White House. Rep. Mike Garcia won re-election in California's 27th District, putting the total seats at 218 for Republicans and 210 for Democrats. Republicans had been stuck at 217 since Monday, with several races still uncalled, mostly in California. The shift in control of the House will make it nearly impossible for President Biden to move an ambitious agenda through Congress, while also potentially complicating negotiations on such matters as the debt ceiling and funding the government. Republicans are also expected to use cont

If you’re looking for a stable, consistent source of income, these four retail REITs may fit the bill. REITs, with their ability to churn out consistent dividends, have stood the test of time as a reliable source of passive income. Income-seeking investors have leaned on this reliable asset class for two decades for their predictable distributions. However, a combination of high inflation and rising interest rates has dampened the outlook for REITs. Investors are seeking certainty by sifting through the property profiles of the myriad of REITs listed in Singapore. Retail REITs are one such sub-sector as they provide necessity-based shopping that helps to anchor a REIT’s rental income during challenging economic times.  Income investors are in luck. Here are fo