Micron Stock Price Falls As Chipmaker Cuts Staff, Gives Dismal Outlook
The chipmaker plans to lay off 10% of its workforce and has slashed company bonuses amid a tough economic environment.
Source: businessinsider.com
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Worst Earnings Recession Since 2008 May Hit Stocks in 2023: Mike Wilson
"The market typically doesn't know these types of earnings declines before it happens," Morgan Stanley's top stock strategist said.
Source: businessinsider.com
Stock Market Outlook: Market Will Be Gripped by Panic in Early 2023
Stocks will retest October lows as a recession and emotional volatility ravage the market in 2023, an Evercore analyst warned.
Source: businessinsider.com
Ray Dalio Warns Stocks Haven't Priced in 'Very Harmful' Fed Rate Hikes
The billionaire investor estimated the Fed may raise rates to 5%-5.5%, which could weigh heavily on all markets, but especially stocks.
Source: businessinsider.com
Stock Market Outlook: S&P 500 May Retest Lows, 2023 Will Be Near Flat
Next year, the S&P 500 could see nearly flat returns, Goldman's David Kostin said, estimating that it could end 2023 at 3,750 to 4,000.
Source: businessinsider.com