Brazil votes in tense Lula-Bolsonaro presidential contest

Supporters of Brazil’s presidential candidate for the leftist Workers Party (PT) and former President (2003-2010), Luiz Inacio Lula da Silva, show the “L” symbol elusive to Lula presidential campaign before a rally in Salvador, Bahia state, Brazil, on September 30, 2022. Arisson Marinho | Afp | Getty Images Brazilians are voting on Sunday in the … Read more

Monkeypox unlikely to be eliminated in the U.S., CDC says

The monkeypox virus is unlikely to be eliminated from the U.S. in the near future, according to a report published by the Centers for Disease Control and Prevention this week. The CDC, in a technical brief, said the outbreak is slowing as the availability of vaccines has increased, people have become more aware of how … Read more

Underperformance is ‘abysmal’ in the long run for active fund managers

The S&P 500 may be trading around 2022 lows, but a new report finds active managers are having their best year since 2009. The numbers suggest they still have a long way to go, though. S&P Global recently published its Mid-Year 2022 SPIVA U.S. Scorecard, which measures how well U.S. actively managed funds perform against … Read more

Americans are suffering from financial burnout

A recession is a very real possibility. As the Federal Reserve aggressively raises rates to combat persistent inflation, the tough stance could come at a price. Already, falling stock markets have wiped out more than $9 trillion in wealth from U.S. households. Fed Chairman Jerome Powell also warned the central bank’s upcoming moves to fight soaring prices may … Read more

‘The Fed is breaking things’ – Here’s what has Wall Street on edge as risks rise around the world

Jerome Powell, chairman of the US Federal Reserve, during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022. Al Drago | Bloomberg | Getty Images As the Federal Reserve ramps up efforts to tame inflation, sending the dollar surging and bonds and stocks into a tailspin, concern is rising that the … Read more

Elon Musk shows off humanoid robot prototype at Tesla AI Day

Tesla demonstrates an early prototype of the Optimus humanoid robot at its AI Day 2022 on Sept. 30 Screenshot Tesla CEO Elon Musk and other leaders from the automaker’s AI and hardware teams spoke at the company’s 2022 AI Day, an engineer-recruiting event in Palo Alto, Calif., on Friday night. During the last AI Day … Read more

Intel-owned Mobileye files S-1 for IPO

Mobileye’s CEO Amnon Shashua poses with a Mobileye driverless vehicle at the Nasdaq Market site in New York, July 20, 2021. Jeenah Moon | Reuters Mobileye, an Intel-owned company that makes chips, maps, and software for self-driving cars, has filed for an IPO, according to a prospectus filed with the SEC on Friday. Mobileye’s filling … Read more

Charts suggest it’s ‘way too early’ for the market to rebound

CNBC’s Jim Cramer on Friday warned investors that the stock market is unlikely to recover anytime soon. “The charts, as interpreted by Mark Sebastian … suggest that this market’s got more downside, and it’s way too early to go really bullish,” he said.  related investing news Chart analysts say the breakdown in Apple’s stock may … Read more

3 events will set the market’s tone for October

CNBC’s Jim Cramer on Friday said that three key events next week will determine if the nightmarish month for the stock market will continue into October. Here are the events: related investing news 3 takeaways from our daily meeting: Still oversold, picking at chip stocks, Club names in the news The release of the nonfarm … Read more

Disney reaches deal with Third Point, will add former Meta exec to its board

The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Gabby Jones | Bloomberg | Getty Images Disney has reached a deal with activist investor Dan Loeb’s Third Point, which includes adding former Meta executive Carolyn Everson to its board of directors, the companies said … Read more