Tag Archives: slump

Market prophet Gary Shilling expects S&P 500 returns to slump — and warns a recession could stretch into 2025

Gary Shilling.Bloomberg TV Traders ought to anticipate decrease inventory market returns sooner or later, Gary Shilling says. The legendary forecaster cited slower financial development, steep valuations, and fading hypothesis. Merrill Lynch’s first chief economist mentioned a recession seems possible and will lengthen into 2025. Traders within the inventory market face many years of disappointment, and a recession threatens to strike …

Read More »

TSMC November sales slump 7.5% in sign of uneven tech recovery

(Bloomberg) — Taiwan Semiconductor Manufacturing Co.’s gross sales slid again into contraction final month following October positive aspects, exhibiting there’s nonetheless a solution to go earlier than the worldwide chip market phases a full restoration from a chronic droop. Most Learn from Bloomberg The world’s largest provider of made-to-order chips recorded a 7.5% drop in income to NT$206 billion ($6.6 …

Read More »

A Chinese Tesla rival, backed by Warren Buffett, is buying back its own shares to stop a stock-market slump

The BYD Seagull.Aly Tune/Reuters BYD, a Tesla rival, is shopping for again round $28 million of its shares, per a stock-exchange submitting. The corporate is near overtaking Elon Musk’s firm because the world’s prime vendor of EVs. However its inventory value has tumbled 22% this 12 months, dragged down by China’s faltering financial system. BYD, a Chinese language EV maker …

Read More »

The housing market has hit ‘rock bottom’ and the sales slump will last a long time, Redfin CEO says

Sundry Pictures/Shutterstock The housing market cannot get a lot worse from right here, in response to Redfin CEO Glenn Kelman. Excessive mortgage charges and excessive costs have crushed affordability for consumers. The market is in a freeze and the gross sales slowdown that may final for a “very long time,” Kelman warned. The one good factor proper now concerning the …

Read More »

Stocks slump, struggle to shake off Fed rate worries: Stock market news today

Wall Avenue shares struggled to advance on Monday, because the Federal Reserve’s “larger for longer” rate of interest technique continued to pile on strain as a US authorities shutdown loomed. On the opening bell, the S&P 500 (^GSPC) and the Dow Jones Industrial Common (^DJI) had been each down about 0.3%, after dropping grip of earlier features as 10-year Treasury …

Read More »