Hamlin wrote on Twitter that the outpouring of support for him is ‘Bigger than football!’
The Tell: Forget the old playbook. How investors should be ‘pricing in the damage’ of recession, says BlackRock
The way investors can protect portfolios in 2023 isn’t by relying on the same tactics that worked in past recessions, according to BlackRock.
: Uber, Lyft shares boosted as Wall Street continues to like gig companies’ recession chances
Rising car prices and interest rates are likely to push consumers toward ride-hailing services, analysts say, and more drivers may look for gig work in an economic downturn.
The Tell: Why stock-market bulls are ‘woefully myopic’ about S&P 500 profit growth — even before the impact of a potential recession
Wall Street forecasts for the S&P 500 to see single-digit profit growth in 2023-24 seem ‘woefully myopic,’ warns Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management.
Economic Report: U.S. consumer credit keeps expanding at strong rate in November
Consumer credit rose by $28 billion in November, down only slightly from $29.1 billion in the prior month, the Federal Reserve said Monday.
The Margin: Abigail Disney says private jets are a climate ‘cancer,’ calls out Elon Musk and other rich ‘babies’
Disney heiress — who flies commercial, she says — has joined climate-minded voices criticizing Elon Musk, the Kardashians and others who travel by private jet.
: Tilray’s alcohol business grows on acquisitions as cannabis faces price compression
Cannabis company continues to shop for alcohol properties in U.S. and cannabis names in Canada as it swings to a second-quarter loss
The Fed: Fed’s Daly sees interest rates rising above 5%
San Francisco Fed President Mary Daly sees the central bank’s benchmark interest rate rising above 5%
: Airlines see strong recovery as global air traffic rises
The International Air Transport Association said Monday that November global air travel was at 75% of prepandemic November 2019, with Asia reporting the strongest recovery.
The Ratings Game: Coinbase stock leaps more than 15% as analysts say it can benefit from FTX’s demise
Jefferies analysts on Monday said they believed Coinbase Global Inc. would ultimately be spared from the fallout of FTX’s collapse