Why a strong dollar threatens a fragile stock market, but is a boon to the Fed

Microsoft Corp. isn’t the only US company pointing to the dollar’s surge as a potential problem. A strong dollar has been a hot topic this week since the software giant MSFT and Salesforce Inc. CRM pointed to challenges the currency is causing for earnings. It’s been flagged in other industries too, including by Pfizer Inc., … Read more

Investors set their sights on upcoming inflation report as the bear market rally falters

The stock market may try to regain its footing in the next few sessions, even as a fresh inflation report looms large at the end of the week. Stocks struggled to move forward in the past week. With Friday’s sell-off, the major indices were on track to finish out the four-day period with losses. That … Read more

Job growth seen cooling in May but wage increases were still hot

Workers remove steel panels for Rivian electric vehicle (EV) trucks from a hydraulic press at the company’s manufacturing facility in Normal, Illinois, April 11, 2022. Jamie Kelter Davis | Bloomberg | Getty Images The pace of job growth is expected to have slowed in May, but economists say the labor market remains strong, even as … Read more

How a Strong Dollar Hits Microsoft, Other Big US Companies

Microsoft Corp. MSFT 0.79% on Thursday cut its sales and earnings guidance, citing the US dollar’s gains in foreign-exchange markets. Here’s why the dollar has climbed so much this year and what that means for companies and stocks. The US Dollar Index, which tracks the currency against a basket of others, has risen roughly 13% … Read more

GameStop Earnings Miss Forecasts. Stock Market Doesn’t Know What to Make of It.

Text size GameStop stock could see renewed interest after the company reports earnings. Justin Sullivan/Getty Images GameStop reported a wider-than-expected net loss for the first quarter and once again declined to provide an outlook. Its stock has fallen, gained and settled in close to unchanged in after-hours changing. The videogame retailer reported an adjusted net … Read more

GameStop Earnings Miss Forecasts. Stock Market Doesn’t Know What to Make of It.

Text size GameStop stock could see renewed interest after the company reports earnings. Justin Sullivan/Getty Images GameStop reported a wider-than-expected net loss for the first quarter and once again declined to provide an outlook. Its stock has fallen, gained and settled in close to unchanged in after-hours changing. The videogame retailer reported an adjusted net … Read more