Thursday, June 23, 2022

Why the corporate bond sell-off isn't as scary as it looks

Fears of a recession and the Federal Reserve's aggressive rate hikes have pushed investors to dump corporate debt in recent weeks. The sell-off hasn't gotten as much attention as the bleeding in stocks or cryptocurrencies, but it's been painful.
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Why the corporate bond sell-off isn't as scary as it looks
Fears of a recession and the Federal Reserve's aggressive rate hikes have pushed investors to dump corporate debt in recent weeks. The sell-off hasn't gotten as much attention as the bleeding in stocks or cryptocurrencies, but it's been painful. Read more »
 
Ex-Trump adviser calls for lifting Trump tariffs on China
Former Trump economic official Gary Cohn is in favor of President Joe Biden lifting some Trump-era tariffs imposed on China to address high inflation. Read more »
 
Netflix lays off 300 employees as bad year continues to hit company
Netflix is laying off 300 employees in the midst of a rough year for the streaming giant. Read more »
 
Predatory lenders are making money off rising gas and food prices
In the last few months, Yumekia Jones, a legal assistant at the Mississippi Center for Justice's Indianola office, has fielded an unusually high number of calls — a roughly 400% spike — from people in dire need of immediate financial assistance. Read more »
 
Elon Musk says he's worried about keeping Tesla out of bankruptcy
Tesla faces billions of dollars in losses from its new plants, supply chain problems and Covid lockdowns — enough for CEO Elon Musk to mention the possibility of bankruptcy in a recent interview. Read more »
 
How Redbox became a Wall Street darling once again
It wasn't too long ago when some movie fans found that the easiest and cheapest way to watch movies in a post-Blockbuster world was to rent DVDs from Redbox kiosks at the drug store and other retailers. Ahh, the early 2010's. The rise of Netflix and other streaming services pretty much killed that business though. Read more »
 
 
 
 
Dow Nasdaq S&P
+194.23   +179.11   +35.84
30,677.36   11,232.19   3,795.73
+0.64%   +1.62%   +0.95%
YTD -15.58%   YTD -28.21%   YTD -20.36%
 
Biggest Winners
Factset Research Systems Inc +8.01%
 
Ceridian HCM Holding Inc +7.24%
 
Whirlpool Corp +7.05%
 
Clorox Co +6.03%
Biggest Losers
Mosaic Co -9.57%
 
CF Industries Holdings Inc -9.01%
 
Valero Energy Corp -7.60%
 
Archer-Daniels-Midland Co -7.34%
Hottest ETF
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Key Market Stats Latest Today's Change
Oil $104.00 -2.19 / -2.06%
Gold $1,824.90 -13.50 / -0.73%
10-yr 3.07% -0.09
Euro $1.05 -0.00 / -0.38%
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