Author: super@dmin
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Market Extra: Threat of higher ‘peak’ rate above 5% from Fed in 2023 reverberates across markets
Financial markets digest the realization of how high Federal Reserve policy makers are willing to push interest rates.
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: Lyft lays off 13% of workers in second round of cuts this year, maintains financial guidance
Lyft Inc. is laying off 13% of its workforce, which amounts to about 650 jobs, in what its executives are calling a proactive step as they look to a possible recession and plan for the coming year.
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Earnings Results: Peloton stock trims losses after earnings as CEO says company is ‘making significant progress’
The company is making progress on its goal of trimming losses, though the it continues to struggle in finding revenue momentum.
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: The Federal Reserve’s Jerome Powell aims to set things straight but leaves us dazed and confused
The central bank’s policy is nowhere near restrictive enough to bring down inflation.
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Outside the Box: Investors in drug stocks should ignore dubious valuations based on rigged methodologies
The QALY is a methodology imported from socialized medicine systems that helps to put a fig leaf on their denials of access to breakthrough drugs.
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: Sen. Pat Toomey accuses ESG ratings firms of ‘stonewalling’ Republican investigation
Companies that provide ESG ratings will come under heightened scrutiny if Republicans take back Congress on Election Day.
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: Good news for homebuyers: The number of active house listings soared in October. But a closer look reveals a more depressing picture.
Inventory of active listings in the U.S. jumped 33.5% in October, according to Realtor.com.
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The MarketWatch 50: Greg Jensen nailed inflation, the Ray Dalio leadership change, and won at poker. Inside his big year.
Greg Jensen has positioned the world’s biggest hedge fund for more market mayhem ahead. He lands on the MarketWatch 50.
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Coronavirus Update: Weekly tally of COVID cases and deaths continues to fall; Moderna lowers vaccine-sales outlook by as much as $3 billion
The global tally of COVID cases fell 17% in the week through Oct. 30 from the previous week, while the death toll fell 5%, the World Health Organization said in its weekly update on the virus.
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Metals Stocks: Gold prices at lowest in 2 1/2 years as dollar rises in wake of Fed’s 4th jumbo interest rate hike
Gold tumbled on Thursday as the U.S. dollar and Treasury yields advanced after the Federal Reserve delivered its fourth 75 basis point interest rate hike since the start of the year, pushing prices for the metal to their lowest levels to a two-and-half-year low.