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 »
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 »
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 …
NYSE stock-trading chaos caused by staffer’s ‘manual error’ Read More »
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 …
Tesla stock plunges as investors punish Elon Musk Read More »