News

Shares Have Plunged 30% After Hitting a Record Closing High a Week Ago

Binance’s former CEO Changpeng "CZ" Zhao believes Bitcoin could eventually reach $1 million, even as it tumbles below $87,000.

Consumer discretionary businesses are levered to the highs and lows of economic cycles. This sensitive demand profile can lead to some stock price volatility, but over the past six months, the industry has stayed on track as its 6.3% return was close to the S&P 500’s.

The performance of consumer discretionary businesses is closely linked to economic cycles. This sensitive demand profile can lead to some stock price volatility, but over the past six months, the industry has stayed on track as its 6.3% return was close to the S&P 500’s.

Tesla shares are extending this year’s declines, dropping almost 8% Tuesday, as Elon Musk’s company recorded a 45% plunge in European EV registrations last month.

Richmond Federal Reserve President Tom Barkin said on Tuesday he will follow a wait-and-see approach regarding central bank interest rate policy until it is clear inflation is returning to the Fed's 2% target. Current uncertainty, whether driven by trade and other policy changes coming from the Trump administration or other factors, "argues for caution as we look to wrap up the inflation fight," Barkin said in remarks prepared for delivery to the Rotary Club of Richmond. "It’s hard to make significant monetary policy changes amid such uncertainty," Barkin said.

Semiconductors are the silicon backbone of the digital revolution. But they’re also susceptible to economic fluctuations as chip demand will ebb and flow with capital spending. Unfortunately, the market seems to be predicting a downturn as the industry has tumbled by 8.4% over the past six months. This performance is a far cry from the S&P 500’s 6% ascent.

Unemployment rate for recent graduates has improved in recent months, even though it remains higher than the unemployment rate for all workers. Here's where those jobs are at.

Even if they go mostly unnoticed, industrial businesses are the backbone of our country. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates), and the market seems convinced that demand will slow. Due to this bearish outlook, the industry has tumbled by 2% over the past six months. This drawdown was disappointing since the S&P 500 climbed 5.9%.

(Bloomberg) -- Federal Reserve Bank of Richmond President Tom Barkin said the central bank must remain determined in its inflation fight and flagged the risk of longer-term inflationary headwinds. Most Read from BloombergNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNYC to Shut Migrant Center in Former Hotel as Crisis EasesThe Trump Administration Takes Aim at Transportation ResearchDC Mayor Re-ups Call for Statehood as Trump Threatens TakeoverShelters Await Billions in Federal M