Annuities that protect from stock market losses are surging this year

Annuities that protect from stock market losses are surging this year

Annuities have previously gotten a bad rap as coming with too many fees and being overly complicated. But this year, they’ve hit their stride. Annuity sales surged 22% to a record $77.5 billion in the second quarter of 2022, according to preliminary data by Limra. It’s the most money investors have poured into the assets … Read more

The IPO market has been a disaster this year, but some have doubled

2022 has been a dismal year for IPOs as growth stocks got punished by rising rates and investors fled risky assets, but there are still a few debuts that dodged the market turmoil. The once red-hot IPO market turned sour this year as growth stocks with little in current earnings fell out of favor in … Read more

Dow rallies 400 points as Powell hints Fed could slow pace of rate hikes, Nasdaq jumps 4%

Stocks rallied Wednesday after the Federal Reserve announced its much anticipated 0.75 percentage point rate increase to fight inflation, but hinted that it could slow the pace of its hiking campaign at some point. The Dow Jones Industrial Average jumped 436.05 points, or nearly 1.4%, to 32,197.59. The S&P 500 gained 2.62% to close at … Read more

Share market headed for correction soon, Nifty may slip to 15600 by year-end: BoFA Securities

Indian share markets are likely to witness correction in coming weeks amid high volatility and global recession concerns. Benchmark index Nifty 50 will be at 15,600 points by December 31, 2022, said BoFA Securities in a report. “We remain cautious on markets on the current volatile environment and looming global recession concerns as reflected by … Read more

Housing data and retail could be the next catalysts for the market in the week ahead

Stocks could continue to push higher into the dog days of August, as investors await earnings from big retailers and new data on housing and the consumer. Economic reports in the week ahead include housing starts Tuesday and existing home sales Thursday. Home sales are expected to fall more than 6%, according to Dow Jones, … Read more

Honest Company, Rivian, Illumina and others

Check out the companies making headlines before the bell: Honest Company (HNST) – Honest Company’s stock rose 1.6% in the premarket in spite of a wider-than-expected quarterly loss. The natural consumer products maker now sees a wider full-year loss than previously thought, due to cost pressures, but expects improvement as the year goes on, including … Read more

Consensus price targets for Nifty50 companies signal greater upside

A study by domestic brokerage Motilal Oswal has looked at the average price target of 50 stocks by all analysts to arrive at a target for the Nifty Topicsstock markets | NSE | Nifty Sundar Sethuraman | Thiruvananthapuram Last Updated at August 11, 2022 23:08 IST The current market rally has more steam left if … Read more

Here’s where China’s real estate troubles could spill over

China’s real estate industry accounts for more than a quarter of national GDP, according to Moody’s. Pictured here is a residential complex under construction on Dec. 15, 2021, in Guizhou province. Costfoto | Future Publishing | Getty Images BEIJING — China’s real estate troubles could spill into other major sectors if the problems persist — … Read more

Pick up these four stocks if the market goes down on Friday

CNBC’s Jim Cramer offered a list of stocks to buy on Friday if the market declines. “I was very disappointed in the performance of the tech stocks today … That said, I think the market will let you into the best ones and you’re going to get better prices again,” the “Mad Money” host said … Read more

Stocks tick higher after another sign of cooling inflation App

NEW YORK (AP) — Wall Street is rising again Thursday after another encouraging dose of data showed inflation cooled last month. The S&P 500 was up 0.6% following a report showing inflation at the wholesale level slowed more than economists expected. It bolstered hopes among investors that inflation may be close to a peak and … Read more