S&P 500 is likely to shift its direction in the coming days and likely correct 10% in the coming 3 to 6 months, Wells Fargo equity analysts told clients in today’s note. S&P 500 Futures are trading modestly higher in pre-market Tuesday and “within spitting...

Apple Inc.’s personal computer shipments declined by 40.5% in the first quarter, marking a tough start to the year for PC makers still grappling with a glut of unsold inventory. Shipments by all PC makers combined slumped 29% to 56.9 million units — and fell below the...

Bank economists see tighter credit for businesses, consumers Survey was taken after recent banking stress, trade group says US credit conditions for consumers and businesses are expected to deteriorate in the next six months to their worst level since the pandemic,...

A survey finds many investors playing it safe, which could cost them in the long term. American workers are keeping large chunks of their retirement savings in cash to protect themselves from another slump in the stock market. Millennial workers have a third of their...

Despite the ongoing rally in U.S. equities with the S&P 500 up nearly 4% since last Monday (27/03), Bank of America’s clients were selling stocks. Analysts at the firm highlight $3.2 billion of outflows from U.S. equities, marking the first net sale by the...

The odds of a recession are growing.  That’s the takeaway from a new survey of economists that Bloomberg recently conducted. The probability of a downturn in the next year is now 65%, up from 60% in February.  It feels like we’ve been saying this for months, but a few...