DJIA

Cathie Wood has a simple response to Tesla’s exit from the S&P 500 ESG: ‘ridiculous’

Cathy Wood wasn’t happy to dismiss one of her most famous investments, Tesla Inc. , from a prominent index that tracks environmentally and socially friendly companies. “Silly,” Wood was terse in response to the news that the S&P 500 ESG had brought down electric car maker Elon Musk’s Tesla TSLA, -6.80% of its lineup, as …

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‘Nowhere to hide?’ Why stagflation fears are putting stocks on the verge of entering a bear market

It will take more than Friday’s big bounce to quell fear of a bear market in stocks as uncertainty about the Federal Reserve’s ability to control inflation without flooding the economy raises fears of stagflation – a pernicious combination of slow economic growth and persistent inflation. Recessive inflation is a “horrific environment” for investors, said …

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