Stock Market

You’re so vain — you’re probably betting on a recession

In my 50-plus years of managing money — which started back in the days when Carly Simon was cranking out hits — recessions have mostly been surprises. Now, almost everybody expects one. The Philadelphia Fed’s Recession Probability gauge has hit a record high. A survey from The Conference Board shows 98% of American CEOs expect …

You’re so vain — you’re probably betting on a recession Read More »

You’re so vain — you’re probably betting on a recession

In my 50-plus years of managing money — which started back in the days when Carly Simon was cranking out hits — recessions have mostly been surprises. Now, almost everybody expects one. The Philadelphia Fed’s Recession Probability gauge has hit a record high. A survey from The Conference Board shows 98% of American CEOs expect …

You’re so vain — you’re probably betting on a recession Read More »

NYSE stock-trading chaos caused by staffer’s ‘manual error’

Human error is to blame for the glitch that caused wild fluctuations in share prices at the start of trading on the New York Stock Exchange on Tuesday. A NYSE employee who is based out of the exchange’s backup data center in Chicago failed to shut down the disaster-recovery system that is tested every day …

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Tesla stock plunges as investors punish Elon Musk

Illustration: Sarah Grillo/Axios Tesla’s stock plunged by 9% on Tuesday, poised to end 2022 on a grim note after having shed over 70% of its value this year. Why it matters: Investors are expressing dissatisfaction with Elon Musk by punishing Tesla’s shares, with the billionaire distracted by his tumultuous buyout of Twitter. Meanwhile, Tesla is …

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