Opinion: Don’t believe the hype: The economy isn’t headed toward a recession, and the Fed isn’t ‘behind the curve’ on interest rates

Much has been made about an imminent, full-blown recession, triggered by the unwinding of record stimulus by the Federal Reserve and resulting steep correction in stock and bond prices. While the clearing out of speculative froth from the markets may be wrenching, there is little evidence in the investment and consumption fundamentals of the business-cycle … Read more

Good news for buyers? Fannie Mae chief economist says the US housing market has finally turned a corner. Here’s why.

The inventory shortage, high prices and rising interest rates have finally bitten. Single-family home sales fell sharply by 16.6% in April to a seasonally adjusted annualized rate of 591,000, according to Census Bureau data released Tuesday. That was the slowest rate of sales since April 2020 during the earliest days of the COVID-19 pandemic, offering … Read more

How Old Are You Really? Meet Your ‘Biological Age’

Biological age — a measure of health that can be more or less than your chronological age — might help determine your quality of life as you get older, scientists say. The idea behind biological age is that your cells and organs have ages that vary from your regular age. Many aging-research scientists believe that … Read more

Dark Clouds Remain for China’s Property Market

China’s beleaguered property sector has not shown any signs that a turnaround is around the corner — a move that could help the country’s battered economy. Though the sector has so far avoided a complete meltdown, which many predicted months ago, a double-whammy of defaults among developers and falling home prices continues to plague the … Read more

The stock market is ‘vulnerable to good news’ and a 10% to 12% rally, says this strategist

Accentuate the positive, they say. And why not, as we cruise into Monday with stocks pointing higher amid hopes for easing US tariffs on China. Granted, optimism is a tall order these days, with the US economy slowing, COVID not done yet (let’s hope monkeypox passes fast) and Russian boots still on the ground in … Read more

Apple Looks to Boost Production Outside China

TOKYO—Apple has told some of its contract manufacturers that it wants to boost production outside China, citing Beijing’s strict anti-Covid policy among other reasons, people involved in the discussions said. India and Vietnam, already sites for a small portion of Apple’s global production, are among the countries getting a closer look from the company as … Read more

Nvidia’s data center sales are likely to eclipse gaming – that might not be a good thing

Nvidia Corp.’s data-center sales are expected to edge out its gaming sales in fiscal first-quarter results, as demand from server farms remains high and gaming interest has subsided from rabid levels earlier in the COVID-19 pandemic. Nvidia NVDA, -2.51% is scheduled to report financial results after the closing bell on Wednesday. Analysts surveyed by FactSet … Read more

China’s Central Bank Makes Unexpected Rate Cut as Growth Crumbles

SINGAPORE — China’s central bank cut a key interest rate while keeping another unchanged, an unexpected policy shift that economists said would likely help the country’s moribund housing market but bring only limited relief to its struggling economy. The latest in a series of targeted steps by the central bank highlights how policy makers in … Read more

Novavax Gets a Sell Rating. It’s Got a Covid Vaccine Problem, Analyst Says.

Text size A healthcare worker prepares a dose of Nuvaxovid vaccine. Jeroen Jumelet / ANP / AFP via Getty Images Novavax stock was dropping Friday after receiving a Sell-equivalent rating – the first since December 2020 and the only one from Wall Street. Bank of America Securities analyst Alec Stranahan initiated coverage of Novavax (ticker: … Read more

The technician who called the 2020 market bottom says a ‘shocking rally’ is in store

It’s been a terrible week in an awful year for the stock market. Walmart WMT, -2.74%, Target TGT, -5.06%, and Tencent 700, + 3.53% each reported disappointing results to add fuel to the worries about interest-rate hikes and quantitative tightening. But, Melvin Capital aside, there have not been signs of capitulation. Over the last six … Read more