Jonathan Ponciano

Though overall profits have started to decline, revenue growth—and the promise of artificial intelligence—are boosting tech companies’ market value.

Markets have been unforgiving to retail trading apps, but these three investing fintechs are bucking the trend.

The recent bounce in housing activity is likely a “mirage,” says one economist.

“There’s pent-up savings, and there’s pent-up demand,” says one analyst of China’s growth potential this year.

The last month of the quarter has been difficult for stocks over the past year. Next month may be no different, Morgan Stanley warns.

Consumers are already making a large dent in savings and seeing a “concerning rise” in delinquencies, but inflation is barely budging.

A new indictment alleges the former billionaire steered tens of millions of dollars of illegal campaign contributions to both Democrats and Republicans.

“The big story for 2023 will be the speed and extent” to which the decline in prices follows suit with the collapse in existing home sales, which have plummeted nearly 40% from their pandemic peak, says one economist.

“We have never escaped a recession from this point,” JPMorgan economists are telling clients about one indicator, noting stocks have never hit a low before the Fed has stopped hiking interest rates.

This week’s inflation data has pushed mortgage rates to the highest level in months—already sidelining some potential home buyers.

After two bouts of worse-than-expected inflation data this week, investors are fearing the Fed could be forced to raise rates several times this year.

Last quarter’s drop in investor purchases surpassed the largest decline during the subprime mortgage crisis in 2008, when investor purchases slumped 45% as the housing market abruptly imploded.

With hope for a Fed pivot now dwindling and earnings deteriorating further, the market is “about as disconnected from reality as it’s been during this bear market,” Morgan Stanley says.

The technology behind ChatGPT is “showing all the usual hallmarks” of investing fads like cannabis and meme stocks, yet something suggests the tech is worth “considering seriously,” says Morgan Stanley.

“There is a temptation to brush off the developing debt limit drama. . . . That would be a mistake,” one economist warns.

Despite waves of layoffs hitting some of the nation’s largest employers, the labor market overall is still faring much better than expected.

As more power plants phased out coal use, natural gas prices skyrocketed during the pandemic—but now they’ve quickly crashed.

The better-than-expected GDP report contains “telltale signs” that the Fed’s interest rate hikes, which tanked stocks and the housing market last year, are “beginning to cascade through the economy.”

Shares of Adani Group firms slid after short seller Hindenburg Research claimed Adani engaged in brazen stock manipulation. Now for the first time since September, Adani isn’t among the world’s three richest people.

Any sustained meme-stock rally still seems unlikely, cautions one group of analysts, who posit traders will likely “rush to lock in profits before it’s too late.“