Friday, June 3, 2022

The economy is going into the toilet. Let's hope no one flushes it!

JPMorgan Chase CEO Jamie Dimon says an economic hurricane is coming. Tesla's Elon Musk says he has a "super bad feeling" about a recession. Companies are downgrading their earnings forecasts. Oh, and we're in the midst of an energy and inflation crisis, and stocks have been flirting with a bear market.
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The economy is going into the toilet. Let's hope no one flushes it!
JPMorgan Chase CEO Jamie Dimon says an economic hurricane is coming. Tesla's Elon Musk says he has a "super bad feeling" about a recession. Companies are downgrading their earnings forecasts. Oh, and we're in the midst of an energy and inflation crisis, and stocks have been flirting with a bear market. Read more »
 
3 signs that the US economy is already losing steam
Fears about whether America could fall into a recession are dominating conversations among investors and pose a risk to the Biden administration ahead of midterm elections this fall. Read more »
 
Tesla reportedly hired a PR firm to monitor employees on Facebook
Tesla reportedly paid a consultancy firm to monitor employees' Facebook interactions when some workers wanted to form a union at the company's factory in Fremont, California. Read more »
 
US employers added 390,000 jobs as hiring cools
US employers added 390,000 jobs in May, representing a slower pace of hiring, as the historically hot labor market showed signs of cooling off, according to the Bureau of Labor Statistics' monthly jobs report released Friday. Read more »
 
OPEC agrees to pump more oil as Russian output drops
Oil prices fell on Thursday on reports that OPEC could start to pump more crude to make up for a drop in Russian production caused by Western sanctions. Read more »
 
LeBron James is now a billionaire
LeBron James is a billionaire, marking the first time an active NBA player has achieved that milestone, according to one calculation. Read more »
 
 
 
 
Dow Nasdaq S&P
-348.58   -304.16   -68.28
32,899.70   12,012.73   4,108.54
-1.05%   -2.47%   -1.63%
YTD -9.46%   YTD -23.22%   YTD -13.80%
 
Biggest Winners
Quanta Services Inc +3.65%
 
NORTHROP GRUMMAN CORP +3.35%
 
Alaska Air Group Inc +3.14%
 
Conocophillips +2.75%
Biggest Losers
Epam Systems Inc -4.43%
 
Edwards Lifesciences Corp -4.43%
 
Aptiv PLC -4.16%
 
Carnival Corp -3.91%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $120.40 +3.53 / +3.02%
Gold $1,853.80 -17.60 / -0.94%
10-yr 2.96% +0.04
Euro $1.07 -0.00 / -0.33%
More Markets Now
 
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