October has been a month of instability for the stock market as several significant events resulted in fluctuations in stock prices. Fears over a broader conflict in the Middle East raised oil prices, gold prices, and bond yields, pushing the US 10-year benchmark beyond 5 percent for the first time in 16 years. This development is detrimental to global growth and stock values. Moreover, the Q3 earnings season introduced ...

A "mild" downturn is coming?
The recession alarms have been sounding lately due to bank failures, stubborn inflation, rising interest rates and general stock market volatility.
Minutes from a recent Federal Open Markets Committee (FOMC) meeting predict a "mild recession" later in the year.
Investors expect a second-straight quarter of decline in profits from U.S. companies. Per the Zacks Earnings Trends report, total S&P 500 earnings are...

At least nine members of Congress sold banking stocks before and during market turmoil last month, including a member of the House financial services committee who sold Silicon Valley Bank stock before it failed.
New Jersey Democrat and financial services committee member Josh Gottheimer disclosed the sale of shares in Silicon Valley Bank (SVB) on March 9.
The sale, valued between $1,000 and $15,000, was made just before...

Tesla's first quarter earnings triggered a near 10% sell-off Thursday, investors concerned about margins as the company continues to cut prices.
But that did not faze Ark Invest's Cathie Wood. She expected Tesla to hit $2000 a share by 2027 and bought over 256,000 shares of Tesla at an estimated valuation of over $41.7 million based on Thursday's closing price.
Tesla's prospective robotaxi business line is a key driver, contrib...