Constellation shares fall after earnings surge, giving investors a chance to buy

Constellation Brands (STZ) reported solid first-quarter results before the opening bell on Thursday. The wine, beer, and spirits company reported net sales of $2.36 billion, up 17% year over year and beating Wall Street’s expectations of $2.16 billion. Bottom line, the company said it posted adjusted earnings of $2.66 per share, up 14% year over … Read more

Institutional investors have bought hundreds of thousands of homes, many in black communities. Critics say it’s creating a ‘generation of tenants’

Democratic lawmakers are examining whether the American dream of a suburban home and a white picket fence will be seized by large institutional investors, costing working people a chance at home ownership. The House Financial Services Subcommittee on Oversight and Investigations held Tuesday’s virtual panel entitled “Where Have All the Houses Gone?” Private Equity, Single … Read more

Institutional investors have bought hundreds of thousands of single-family homes, many in black communities. Critics say it’s creating a ‘generation of tenants’

Democratic lawmakers are examining whether the American dream of a suburban home and a white picket fence will be seized by large institutional investors, costing working people a chance at home ownership. The House Financial Services Subcommittee on Oversight and Investigations held Tuesday’s virtual panel entitled “Where Have All the Houses Gone?” Private Equity, Single … Read more

Investors criticize federal pension savings program over new system

Placeholder when loading item promotions Three weeks after the retirement program for millions of federal employees switched to a new operating platform, lawmakers are demanding answers as investors report widespread problems. Complaints have flooded social media, and messages from investors have leaked into the offices of Congress unable to log into their accounts, long waits … Read more

“I Trusted Them With My Savings:” Crypto Investors Fight Over Frozen Accounts

Months ago, Hamish Tipene from Sydney, Australia took out two loans from Celsius Network. When he bought a new home above his pre-approval rate, he staunchly supported the crypto lender’s “Unbank Yourself” motto, using his crypto holdings as collateral rather than selling them for cash. But when the value of crypto started declining a week … Read more

A crypto bankruptcy could be investors’ nightmare

The recent impotence of the cryptocurrency market teaches investors a painful lesson about the risks of trading digital tokens through intermediaries. A bankruptcy restructuring would be breaking new ground for crypto investors. “What can be predicted with certainty is that there will be litigation and delays,” said Adam Levitin, a Georgetown University law professor who … Read more

Santoli: Investors are struggling with a sense of capitulation after the Fed hiked rates

This is Mike Santoli, Senior Markets Commentator at CNBC’s daily notebook for ideas on trends, stocks and market stats. What suddenly alarms the market and causes the dam to collapse? Nothing really sudden, just more of the same – just more. The Federal Reserve and other central banks (Swiss National Bank, Bank of England) behave … Read more

Stocks retest the lows as investors face an aggressive Fed and consumers are in flammable sentiment

Lily Tomlin may have been speaking about today’s stock market when she said, “No matter how cynical you get, it’s impossible to keep up.” Wall Street has been working for months to cast a gloomier future, prepare for uncomfortably corrosive inflation and dampen optimism about the economy. So far, however, these efforts have been overtaken … Read more

QuantumScape promised a revolutionary EV battery. That’s why investors are still waiting

A solid state battery development lab for QuantumScape. QuantumScape The electric-vehicle space has seen a handful of impressive IPOs in recent years, but battery startup QuantumScape’s early trading weeks have been remarkable even by EV stock standards. QuantumScape was founded in 2010 and went public through a merger with a special purpose vehicle (SPAC). The … Read more

Stocks fall again as hot inflation hits market shockwaves: what investors need to know

Fears spread from Wall Street to Main Street that the US economy could slide into 1970s-style “stagflation”. References to the difficult situation appeared in the headlines all week. The Associated Press called it “the dreaded ‘S’ word.” The Wall Street Journal reminded readers of the origins of neologism as a catchy way to describe an … Read more