These fortress stocks hold up the most during bear markets and pay a nice dividend

These fortress stocks hold up the most during bear markets and pay a nice dividend

With the S & P 500 close to crossing into a bear market as stocks continue their 2022 slide, investors looking for stable names in rocky times have a few opportunities. The broad market index on Thursday fought to stay green. It was down about 18% for the year and sitting 19% from last year’s … Read more

Elon Musk says he doesn’t plan to donate to GOP super PACs in upcoming elections

Elon Musk says he doesn’t plan to donate to GOP super PACs in upcoming elections

Billionaire entrepreneur Elon Musk says he has no current plans to fund a Republican super PAC in the upcoming U.S. elections, including any that oppose President Joe Biden in the 2024 presidential race. The Tesla and SpaceX CEO, who is listed by Forbes as the wealthiest person in the world, told CNBC in an email … Read more

Deutsche Bank cuts baseline market forecast and sees S&P 500 at 3,000 if there’s a recession

Deutsche Bank cuts baseline market forecast and sees S&P 500 at 3,000 if there’s a recession

Stocks could be in for much more pain ahead if a recession is imminent, according to Deutsche Bank’s Binky Chadha. The bank’s chief U.S. equity and global strategist said in a note Wednesday evening that the S & P 500 could tumble all the way down to 3,000 if the U.S. economy falls into a … Read more

McDonald’s to sell Russian business to existing Siberian licensee

McDonald’s to sell Russian business to existing Siberian licensee

The Kremlin’s towers and passers-by are seen reflected in the window of a closed McDonald’s restaurant in Moscow on May 16, 2022. Natalia Kolesnikova | AFP | Getty Images McDonald’s said Thursday it has struck a deal to sell its Russian business to its current licensee in the market, Alexander Govor. Govor will acquire all … Read more

How relocating Americans created new inflation hot spots

How relocating Americans created new inflation hot spots

Americans moved around a lot over the past two years, and those destinations also now happen to have the highest inflation rates in the U.S. “We saw right away that inflation was highest in Phoenix and lowest in San Francisco,” Redfin deputy chief economist Taylor Marr told CNBC. The relationship between migration and inflation has … Read more