What the Inflation Act’s Corporate Taxes Will Mean for the Stock Market

What the Inflation Act’s Corporate Taxes Will Mean for the Stock Market

Textsize Some individual companies could be hit hard by the tax increases. dreamstime Washington is about to ratchet up the tax burden on companies, but the stock market doesn’t seem concerned, for good reason. The moves will barely dent aggregate corporate profits, though individual companies will take a hit. The Inflation Reduction Act, approved in … Read more

Cramer’s lightning round: Dropbox is a pass

Cramer’s lightning round: Dropbox is a pass

Dropbox Inc: “Nothing ever happens to the stock, and I think that’s because nothing’s going to happen to the stock. … I’m going to have to say, pass.” 23andMe Holding Co: “The stock has no mojo. That’s a technical term for ‘not going anywhere.’”

Don’t bet against short sellers in this market, Jim Cramer warns

Don’t bet against short sellers in this market, Jim Cramer warns

CNBC’s Jim Cramer on Tuesday warned investors to avoid buying money-losing stocks in a bet against short sellers. The market went in favor of short-sellers on Tuesday after the major indices fell. The market teetered earlier in the day as it digested disappointing financial reports from companies and prepared for key inflation numbers later this … Read more

Stocks making biggest after hour moves: Coinbase, Roblox and more

Stocks making biggest after hour moves: Coinbase, Roblox and more

In this photo illustration, the Coinbase logo is displayed on a smartphone screen. Raphael Henrique | SOPA Images | lightrocket | Getty Images Check out the companies making headlines in after hours trading. Coinbase – Coinbase fell more than 3.5% in afterhours trading after reporting quarterly earnings. The company missed analyst expectations on both revenue … Read more

Citi’s stocks to play the biggest themes of our time like automation and AI

Citi’s stocks to play the biggest themes of our time like automation and AI

As markets remain saddled with short-term turmoil and recession fears, one top strategist recommends investors start seeking out stocks with long-term structural growth stories. Citi’s Scott Chronert believes stocks that play into the biggest trends of our time, such as artificial intelligence and automation, could start outperforming from here. “Why are we considering issues now? … Read more

How Wall Street wooed Sen. Kyrsten Sinema and preserved its multi-billion dollar carried interest tax break

How Wall Street wooed Sen.  Kyrsten Sinema and preserved its multi-billion dollar carried interest tax break

US Senator Kyrsten Sinema (D-AZ) waits for an elevator to go to the Senate floor at the US Capitol in Washington, US August 2, 2022. Jonathan Ernst | Reuters Long before Sen. Kyrsten Sinema, D-Ariz., held up a massive spending bill that promised to create jobs, invest in clean energy and tax the rich — … Read more

Ark Invest’s Cathie Wood: The US economy has entered a recession – Yahoo Finance

Ark Invest’s Cathie Wood: The US economy has entered a recession – Yahoo Finance

Ark Invest’s Cathie Wood: The US economy has entered a recessionYahoo Finance Cathie Wood: We’re in a recession and ESG has led to ‘extreme’ capital misallocationSeeking Alpha Cathie Wood on the Fed, Economy, Coinbase, TeslaBloomberg Markets and Finance Cathie Wood says signs of weak economy should lead to Fed rate cutsMarkets Insider ARKK: Fade This … Read more

Market is on edge ahead of CPI report that will test peak inflation thesis

Market is on edge ahead of CPI report that will test peak inflation thesis

-The market is pausing, hesitating, digesting, waiting for the CPI number Wednesday right in the border zone between “just another doomed bear-market rally” and “possibly the start of a real base and lasting advance.” -The S&P 500 has been sideways just under its early-June highs for eight straight trading days now, consolidating the strong and … Read more

S&P 500, Nasdaq futures fall on Tuesday as chip stocks decline

S&P 500, Nasdaq futures fall on Tuesday as chip stocks decline

Traders on the floor of the NYSE, August 1, 2022. Source: NYSE S&P 500 futures fell on Tuesday after another chipmaker warned about tough times ahead following Nvidia’s poor forecast in the prior session. S&P 500 futures lost 0.2% as chip shares declined in the premarket. Nasdaq 100 futures fell 0.6%. Dow Jones Industrial Average … Read more

Novavax, GoodRx, Allbirds and more

Novavax, GoodRx, Allbirds and more

Take a look at some of the biggest movers in the premarket: Novavax (NVAX) – The drugmaker’s stock plummeted 32.3% in the premarket after posting an unexpected quarterly loss and cutting its full-year revenue guidance in half. Novavax said it did not expect any further US sales of its Covid-19 vaccine this year amid soft … Read more