Apple offers breadcrumbs for a forecast, but is that enough to reassure Wall Street?

Apple Inc.’s breadcrumbs lead back to a familiar place: The iPhone is all that matters. After posting its largest revenue decline in more than six years — led by underwhelming iPhone sales — in its fiscal first-quarter earnings report Thursday, Apple once again refused to provide a traditional forecast for the coming quarter or year. … Read more

Market pros are feeling so happy about stocks right now, you have to wonder if they’re too bullish

There’s an old saw about how if you lay all the world’s economists end to end, they still won’t point in any one direction or reach a conclusion. There’s no such adage about market technicians, but in the past six weeks it appears that the diehard group of technical analysts have all reached the same … Read more

Opinion: Cities are questioning the point of parking garages

For the past century, the public and private sector appear to have agreed on one thing: the more parking, the better. As a result, cities were built up in ways that devoted valuable space to storing cars, did little to accommodate people who don’t own cars, and forced developers to build expensive parking structures that … Read more

The S&P 500 is flashing signs that the bear market finally could be over

The S&P 500 Index SPX, +1.47% has finally broken through major resistance at 4100. If the breakout holds through today, then it will be a valid one. Furthermore, SPX is now clearly above its declining 200-day moving average, and it is above the downtrend line that has defined the U.S. bear market for over a … Read more

Here’s the latest, most hopeful news on how to fight Alzheimer’s

The bad news about dementia you already know. It’s currently killing 6 million Americans, which is about six times the total number who have died from Covid-19. And the figures are rising, not falling. About one in three of us will get it. Scientists don’t fully understand what causes dementia. There is no treatment and no cure. And … Read more

Wall Street to Jerome Powell: We don’t believe you

Do you want the good news about the Federal Reserve and its chairman Jerome Powell, the other good news…or the bad news? Let’s start with the first bit of good news. Powell and his fellow Fed committee members just hiked short-term interest rates another 0.25 percentage points to 4.75%, which means retirees and other savers … Read more

Zuckerberg and Intel are shipping the proceeds from their layoffs straight to Wall Street

For years, Wall Street groused about Silicon Valley’s refusal to pay dividends and buy back stock as tech companies grew into cash-generating machines. That is no longer a problem, even though those tech companies are generating fewer profits than they were in previous years. In fact, some tech companies are basically paying off Wall Street … Read more

Tech stocks have been minting money this year, but many investors fear getting burned if they buy the rally now

Microsoft kicked off a slate of technology earnings earlier this week, reporting largely solid numbers that could have quickly been deemed a victory for technology stocks overall if not for CEO Satya Nadella’s cautious guidance. Investors surmised that the technology sector broadly could be in for some hard knocks — even after its impressive January … Read more

‘It’s payback time.’ U.S. stocks have been a no-brainer moneymaker for years — but those days are over.

If you owned U.S. stocks over the past decade, you’ve been richly rewarded. It’s payback time. Over the next decade or two, investors will experience bull- and bear markets, but at the end of the journey they will not be far from where they started. When you own a stock, your returns come from two … Read more

Opinion: The WTO no longer serves U.S. foreign-policy interests

The World Trade Organization no longer serves U.S. foreign policy interests. The U.S. and its allies established the General Agreement on Tariffs and Trade to limit tariffs and quantitative restrictions and to promote trade in goods. Re-christened the WTO in 1995, agreements were added to cover trade in services and discipline domestic policies affecting commerce in areas … Read more