Jul 27, 2024 | Markets
It had been 17 months since the S&P 500 posted a drop of 2% or more, but advisers caution nervous investors against making rash portfolio moves. Even the biggest bulls probably knew, deep down, that a winning streak unseen since 2007 couldn’t last forever. The...
Jul 26, 2024 | Markets
Megacaps underperform as investors bid up unloved sectors High dispersion, low correlation offers boon for stock-pickers Wall Street’s sure-fire, money-minting trade of 2024 – going all-in on Big Tech – was upended this week, sparking stock volatility across the board...
Jul 26, 2024 | Markets
US gasoline demand dropped off after the July 4 holiday Short-only gasoline positions reached seven-year highs Hedge funds haven’t been this disappointed by gasoline demand since the depths of the pandemic, with speculators slashing their net-bullish bets as the US...
Jul 26, 2024 | Markets
Benedetto Vigna was impersonated on a call using AI software Large companies are being increasingly targeted with deepfakes It was mid-morning on a Tuesday this month when a Ferrari NV executive started receiving a bunch of unexpected messages, seemingly from the CEO....
Jul 25, 2024 | Markets
Retailer cut from JPMorgan top stocks list, downgraded by Citi Stock closed down 9.1% to the lowest level since May 2020 Lululemon Athletica Inc. shares dropped to their lowest level in four years as analysts raised fresh concerns about the company’s ability to hit...
