Why one analyst thinks Carnival stock could go to $0
Morgan Stanley’s Jamie Rollo outlined a worse-case scenario: Carnival stock could fall to $0 in the event of a global economic downturn. “If there is...
investing
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Who’s right about a recession — markets or the Fed?
What’s happening: A shallow recession late this year or early next year is “becoming the consensus view,” David Bianco, DWS chief investment officer for the...
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Russia’s last default sparked a crisis. This time is different
But to put the event in context, we don’t need to go as far back as 1918. Instead, we can look to 1998. That’s the...
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Tencent’s biggest shareholder is planning to dump more stock
Prosus, a spin-off by South African media and internet investment firm Naspers, said Monday it will cut its huge stake in Tencent to fund a...
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Price cap on Russian oil could shake up the market
Russia’s government is making just as much money from energy exports as it was before the invasion. Meanwhile, inflation is surging globally, adding to political...
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Electronic Arts is still the odd one out in gaming
Xbox owner Microsoft (MSFT) is in the process of buying Activision Blizzard (ATVI). Grand Theft Auto maker Take-Two Interactive (TTWO) has already scooped up mobile...
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Another recession warning: Falling copper prices
“Copper prices are just starting to account for the fact that global growth is slowing,” Daniel Ghali, director of commodity strategy at TD Securities, told...
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Could a housing slump threaten the stock market and the entire economy?
Homebuilder Lennar (LEN), whose shares are down nearly 45% this year, provided a dose of good news Tuesday. The company reported earnings and revenue that...
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The stock market sell-off could be just getting started
Step back: Last week, the Federal Reserve hiked interest rates by three-quarters of a percentage point — its biggest rate rise since 1994. The Bank...
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Crypto industry fears contagion as bitcoin slips back under $20,000
Bitcoin, the world’s biggest cryptocurrency, was trading just under the symbolic level of $20,000 in early London trading hours. Bitcoin had dropped on Saturday to...