Wells Fargo thinks this one asset may be ‘the next big play’ — for nervous investors, it could also serve as a much-needed safe haven

Wells Fargo thinks this one asset may be ‘the next big play’ — for nervous investors, it could also serve as a much-needed safe haven According to Wells Fargo, the rest of 2022 looks good for the price of gold. Thanks to hot inflation, geopolitical uncertainty and a crashing stock market, the banking giant sees … Read more

The S&P 500 is on the brink of a bear market. Here’s the threshold.

The latest bull market for U.S. stocks remains on the brink of expiring, with the benchmark S&P 500 just shy of the threshold that marks bear territory. The S&P 500 SPX, -0.13% finished 0.1% lower at 3,930.08 on Wednesday, after falling as far as 3,858.87 at its session low. That was the index’s lowest close … Read more

Cathie Wood’s Ark Invest snaps up $3m in Coinbase shares amid sell-off

Even as 2022’s stock rout deepens, hitting her own fund particularly hard, Ark Investment Management founder and CEO Cathie Wood is moving forward undeterred with her now-controversial stock-picking strategy. The technology-focused firm purchased 546,579 shares of crypto exchange Coinbase (COIN) worth about $3 million on Wednesday, a daily trade report published by the firm showed. … Read more

Apple Stock Has Broken Down. That’s Bad for the Market.

Text size Apple’s flagship store in Beijing is closed to prevent the spread of Covid-19. Kevin Frayer/Getty Images Apple stock has broken below a key level. That’s an ominous sign for the broader market. Its current price—$142.56 a share—is, of course, bad for the technology behemoth. After Wednesday’s trading, Apple (ticker: AAPL) lost its No. … Read more

Tesla Rival Says it Will Build $30K Electric SUV in Ohio

One of the biggest stories in the EV world continues to be if Lordstown Motors  (RIDE) – Get Lordstown Motors Corp. Class A Report agreement to sell its Ohio manufacturing to Taiwan-based Foxconn  (FXCOF)  will go through.  The 6.2-million-square-foot manufacturing facility had previously belonged to General Motors  (GM) – Get General Motors Company Report. It offers the … Read more