Latest news with #MarketWatch
Yahoo
2 hours ago
- Business
- Yahoo
Tired of ‘TACO?' Here comes the ‘Trump collar'
With Wall Street starting a new week on its back foot, one financial analyst, known for his colorful language, has come up with a new way to describe what's ailing investors. Just when you were tired of 'TACO,' or 'Trump Always Chickens Out,' say hello to the 'Trump Collar.' That comes courtesy of Charlie McElligott, a strategist at Nomura, according to MarketWatch. For those of you who aren't fluent in WallStreetese, a collar, in the option markets, is a strategy that protects against big losses, but also limits profits, according to MarketWatch. Traders tend to use them when they're optimistic about an asset over the long haul, but are sweating short-term volatility in the market, according to MarketWatch. According to MarketWatch, McElligott has argued that investors should think about collars when they think about a market that's been smacked around by Trump's tariff rhetoric. In other words, one that wants to move higher, but gets knocked back by incendiary Truth Social posts, MarketWatch reported. 'You all know 'Art of the Deal' Trump … and over the past month+, the 'TACO'-kind … but what it all adds up to now is the de facto 'Trump Collar,' as the market retrains the reaction function in the 'Human VVIX' era,' McElligott said in an email last week. McElligott has referred to Trump as the 'Status Quo Disruptor in Chief' because of his ability to send Wall Street tumbling, MarketWatch reported. Worcester activist critical of city manager faces one-year city hall ban Residential retrofitting program turns on high-speed internet for Bay Meadow Apts. in Springfield A Pennsylvania Democrat and Republican come to Boston. Bipartisanship breaks out GOP Mass. governor hopeful Brian Shortsleeve touts 'record' $416K fundraising haul Bill Clinton raises alarm over Donald Trump: 'We've never seen anything like this before' Read the original article on MassLive. Sign in to access your portfolio
Economic Times
10 hours ago
- Business
- Economic Times
ET Market Watch: D-Street flat despite GDP boost; tariff worries drag IT & metal stocks
Transcript Hi, you're listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch -- where we bring you the latest news from the world of stock markets every single day. Let's get to it: Markets end flat despite solid GDP data! What happened? India's benchmark indices saw a quiet close on Monday. Sensex slipped 77 points Nifty closed below 24,800 — dragged down by IT and metal stocks. Why the dip? Global trade jitters are back. Ex-U.S. President Donald Trump has threatened to double tariffs on steel and aluminium starting June 4. That hit metal stocks — the Nifty Metal index fell 0.7%. IT stocks, heavily exposed to the U.S., also lost 0.7%. Big losers: Tech Mahindra, Tata Steel, HDFC Bank Gainers: Adani Ports, Power Grid, Eicher Motors GDP data was a silver lining — showing strength in construction and manufacturing. But the market didn't cheer. Why? Global cues overshadowed local optimism. Global Markets: Hong Kong's Hang Seng dropped over 2% intraday before paring losses. Europe's STOXX 600 slipped 0.5% Gold surged nearly 2% as risk sentiment weakened. Oil Alert: Brent jumped almost 3% after OPEC+ maintained output pace. Rupee Watch: The rupee appreciated to 85.38 vs the dollar as the greenback weakened. Takeaway? Global trade tensions trumped GDP cheer — keeping D-Street in check.
Time of India
10 hours ago
- Business
- Time of India
ET Market Watch: D-Street flat despite GDP boost; tariff worries drag IT & metal stocks
Transcript Hi, you're listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch -- where we bring you the latest news from the world of stock markets every single day. Let's get to it: Markets end flat despite solid GDP data! What happened? India's benchmark indices saw a quiet close on Monday. Sensex slipped 77 points Nifty closed below 24,800 — dragged down by IT and metal stocks. Why the dip? Global trade jitters are back. Ex-U.S. President Donald Trump has threatened to double tariffs on steel and aluminium starting June 4. That hit metal stocks — the Nifty Metal index fell 0.7%. IT stocks, heavily exposed to the U.S., also lost 0.7%. Big losers: Tech Mahindra, Tata Steel, HDFC Bank Gainers: Adani Ports, Power Grid, Eicher Motors GDP data was a silver lining — showing strength in construction and manufacturing. But the market didn't cheer. Why? Global cues overshadowed local optimism. Global Markets: Hong Kong's Hang Seng dropped over 2% intraday before paring losses. Europe's STOXX 600 slipped 0.5% Gold surged nearly 2% as risk sentiment weakened. Oil Alert: Brent jumped almost 3% after OPEC+ maintained output pace. Rupee Watch: The rupee appreciated to 85.38 vs the dollar as the greenback weakened. Takeaway? Global trade tensions trumped GDP cheer — keeping D-Street in check.
Yahoo
15 hours ago
- Business
- Yahoo
Stock market's haul in May comes as tariff turmoil and job angst lurk on the horizon
The stock market enters June in the vicinity of record territory, right around where the year started, but with households now more wary about tariffs, the economy and their jobs. The S&P 500 index SPX scored huge gains in May, which was its biggest monthly haul since November 2023. It closed out a whirlwind month less than 4% off its record close in February, while sailing through hazards that in more normal times could have sunk a fortune. 'You are going to panic,' Jamie Dimon tells regulators about what will happen when the bond market cracks My daughter's boyfriend, a guest in my home, offered to powerwash part of my house — then demanded money 'The situation is extreme': I'm 65 and leaving my estate to only one grandchild. Can the others contest my will? My ex-wife said she should have been compensated for working part time during our marriage. Do I owe her? 'He failed in his fiduciary duty': My brother liquidated our mother's 401(k) for her nursing home. He claimed the rest. The U.S. and U.K. kicked things off with a May 8 trade agreement that included 10% tariffs on many imports of U.K. goods. The U.S. and China next met in Geneva in mid-May, where on May 12 tit-for-tat tariffs were paused. Stocks roared higher. President Donald Trump on May 23 then lobbed a quick 50% tariff threat on goods from the European Union. Stocks came down a notch, investors responded by buying the dip, on a hunch those tariffs wouldn't emerge — and they too were quickly paused. Stocks rounded out the month on higher ground even through a federal court ruling on May 28 invalidated most of Trumps tariffs. That ruling in less than 24 hours was paused to allow the administration's appeal to play out. Finally, the month ended with Trump blasting China on May 30, claiming aspects of the partial tariff pause were being violated, while the White House also doubling tariffs on all steel imports to 50%. 'We've had quite a decent run over the last couple of weeks,' Anthony Saglimbene, Ameriprise's chief market strategist, told MarketWatch. Stock valuations may look 'a little stretched' relative to history, but he said investors no longer appear to fear the worst-case scenario on tariffs. What's priced into stocks is U.S. tariffs on imports will settle around 10% for much of the world, and 30% for China, he said. 'If that level is maintained — and we don't see it get worse than that — the markets have correctly rebounded, because companies can manage that environment,' he said. 'The impacts of inflation will be less draconian, and growth can remain positive.' 'But you just don't know if that's going to be the real rules of the road,' Saglimbene said. An inflation reading for April arrived on Friday that showed the annual cost of living moved closer to prepandemic levels. But that was cold comfort to Wall Street, given the highly uncertain tariff backdrop. 'It's also old news at this point,' said Kevin Gordon, senior investment strategist at Charles Schwab & Co., on Friday. 'We know that for most of April and May, the average effective tariff rate didn't rise that much. By mid-to-late summer, that starts showing up.' 'We expect kind of a grind from here,' Gordon said of stocks. Yet the data also reflecting a pull-forward of 'consumer spending ahead of the tariff increases,' which 'will continue to dampen household spending in the coming months, especially as they face higher prices and a softening labor market,' said Kathy Bostjancic, chief economist at Nationwide, in emailed comments. Concerns about how companies might manage tariff costs will keep investors glued to Friday's monthly jobs report for May. Bostjancic said the sharply higher 4.9% personal savings rate in April was a cautious sign on spending, given that it was only 3.9% in November. 'Everyone is waiting to see how this settles out,' said Brent Schutte, chief investment officer, Northwestern Mutual Wealth Management Company, in a phone call. He sees something akin to a 'yo-yo' economy playing out over a few months, Schutte said, given the zig-zag on tariffs and extreme front-loading of inventory by companies and consumers hoping to avoid the worst of them. A similar theme could also play out in stocks. 'We don't know a lot more than we knew two months ago,' Schutte said. Read next: Americans are 'revenge saving' after years of splurging: 'Savings are a great way to have some certainty' Tariff and economic clarity isn't expected until the Trump administration makes more concrete headway with several trade partners, hopefully over the summer. An area to watch for signs of appetite for U.S. assets, including stocks, will be the dollar DXY, which was down 8.3% on the year as of Friday against a basket of rival currencies, according to FactSet. 'To really have the 'buy America' trade come back, you would have to see the dollar stabilize,' Gordon at Schwab said, adding that if the dollar keeps sliding and bond yields continue moving higher, it could signal a scenario of more capital flight out of the U.S. Stocks have been suggesting any rough patches will smooth out. With first-quarter earnings nearly complete, FactSet's senior analyst John Butters pegged the S&P 500's next 12-month price-to-earnings ratio at 21.3, above the 18.4 average of the past 10 years. Schutte at Northwestern said investors should be cautious with stocks valuations back to levels widely viewed as lofty. On the other hand, small-caps RUT could finally get a lasting boost, he said, if tariffs end up being on the lower end. It also would help if the inflation picture clears up, so the Federal Reserve can resume lowering rates. Maulik Bhansali, a senior portfolio manager at Allspring Global Investments, said that despite fears about the appeal of U.S. assets abroad, the moment feels like a 'goldilocks' market in bonds. Any new issuance of investment-grade U.S. corporate bonds was being quickly snapped up by investors, he said. 'If you have yields in the 5-plus-precent area for most of the bond market, that's a pretty decent amount of cushion in there, to help feel you're getting well compensation for the risks out there,' he told MarketWatch. With an eye to the jobs report, Bhansali said the biggest risk might be a report that's too positive on the labor front, one that could add to inflation worries and narrow the odds on any Fed rate cuts this year — or even put a narrow chance of a price a hike on the map. 'The reason that would be so painful is because no one is positioned for it,' Bhansali said, adding that this year has been all about bond investors expecting a steepening yield curve, where longer-duration yields BX:TMUBMUSD10Y rise more than short-end BX:TMUBMUSD02Y rates. 'That would create a lot of volatility.' On deck, Wall Street will be hearing this week from a bunch of Federal Reserve officials, starting on Sunday, while monitoring other jobs data, manufacturing updates and the Fed's Beige Book, all before Friday's monthly employment report. The blue-chip Dow DJIA rose 3.9% in May, its best month since January, while the S&P 500 jumped 6.2% and the Nasdaq Composite Index COMP surged 9.6%, booking their best months since Nov. 2023, according to Dow Jones Market Data. Read: U.S.-China trade talks: Why rare-earth minerals are a sticking point in getting back on track After the TACO trade, here comes the 'Trump Collar.' Here's what that means for stocks. It's my dream to travel to Africa. My husband says it's not on his bucket list. Do I pay for him or go alone? What on earth is going on with the American consumer? My friend is getting divorced. Her husband kindly said, 'Take the house.' Is there a catch? My husband used my money to renovate his house. Will I now get half of his property in a divorce?
Forbes
3 days ago
- Business
- Forbes
How Retirees (And Teens) Can Find Their First Side Hustle Customers
A simple side hustle (or two) can provide retirees with extra income. You don't have to be tech-savvy or a sales pro. All it takes is a passion for your project and someone to share it with. Notice it's 'someone,' not 'someones.' All it takes is one person. Patient zero. Then you're off to the races. The 2025 MarketWatch Guides Side Hustles Survey shows 72% of Gen Zers have worked a side hustle in the last year. But these often micro-entrepreneurial ventures aren't just for twenty-somethings. The same survey indicated 31% of those in the Baby Boomer/Silent Generation age bracket are running side gigs. With nearly one in four of all people using these small businesses to create additional spending cash, you can be sure they're becoming a viable strategy for retirees. At the other end of the spectrum, even teens are getting in the game. Teenage side hustles can go well beyond the lemonade stand meme popularized generations ago. These money-making opportunities can produce enough revenue to fully fund the annual contribution of a Child IRA. But it all starts with Customer #1. That person (or entity) validates your hustle. It gives you the confidence and the momentum to push on. After that, it all gets easier. Face it, the excitement of starting a new business—and that's precisely what a side hustle represents—can overwhelm you. But in a good way. The joy of creating something that never existed empowers you. The job of convincing someone to buy it, however, may overpower you. That's normal. That shouldn't hold you back. In fact, here's a piece of common-sense advice that may just calm any nerves you have. Most new entrepreneurs overlook their greatest asset—the people they already know. In business jargon, that's called your 'existing network.' Here's the crazy thing. You don't even have to use a sales pitch. You just need to have a normal chat over coffee (or whatever beverage you prefer). These people—friends, family, former coworkers—they all know you. You don't have to pretend to be someone you're not. Besides, they'd see right through that façade. Be yourself. Be conversational. Merely let them know what you're up to. And don't do all the talking. Purposely pause at points where it's natural for them to start asking questions. That's the key. Get them talking. Get them curious. Get them to probe you. The more they talk, the more they convince themselves they're interested. That's when you can switch into sales mode, if you even have to. Very often, they'll sell themselves. 'I received my first customer by doing market research and reaching out to a group of friends for feedback,' says Judy Ta, a business coach at Judy Ta LLC in Torrance, California. 'I would ask them about challenges they have, competitors, thoughts about my industry, and for feedback on my business idea. One expressed interest, so I transitioned it into a sales pitch, which led to a follow-up conversation and my first sale.' Retirees generally have vast personal and professional networks. You don't have to speak to all of them. Pick the ones most likely to offer reliable feedback. This is so natural that even an introvert can do it. So, rest easy. You don't need to be a social media influencer to make sales. After that first sale, strike while the adrenaline is still flowing. Don't let any lack of sales experience constrain you. You don't need a fancy online presence to get started (although, face it, this does help, especially if your potential buyers expect it). Many retirees succeed by leaning on that old-school tradition: the human connection. This means hawking your goods face-to-face. If you don't have a marketing background, you might find the act of selling a bit intimidating. 'I retired from the Air Force after 27 years and started my own company,' says Bill Barrington, founder of Barrington Leadership Group in Arlington, Virginia. 'My greatest challenges were self-promotion and marketing—neither are skills that are taught in the military.' Like any new skill, you can learn the art of selling through small steps and reframing the concept. Maybe you're not selling. Maybe you're solving a problem. Or perhaps you should consider how you learned new things when you were still in high school. What motivates teenagers? Independence? Control? Rewards? When you think about it, these are the same things that motivate many adults and, most especially, entrepreneurs. Why is it that teens know the purpose of all the remotes in your house? Why is it that, when your computer raises your ire, you call your teenage grandchild for advice? Heck, it's getting so bad you need a high schooler to show you how to run the dishwasher. It's not that they're smarter than you. It's that, when they put their mind to doing something, they energetically dive in. They can do that because they have a lot of free time. You know who else has free time? Retirees. And if you're ready to return the favor for all the times your eighth-grade grandson cleaned out your gutters (or the inbox in your email), now's the time to teach him about the power of compound interest. Better yet, you can have him run his own side hustle in tandem with you. Side-by-side side hustles. Not only can you both learn, but you can both learn together. You see how reframing works? You went from dreading the idea of 'selling' to enjoying quality time with your kids or grandkids. 'Many of the moms I coach start carts with their kids — not just to make money, but to build something together,' says Jennie Blackwood, founder of Social Graze Charcuterie Bar + Cart to Cashflow Coaching in Loomis, California. 'It becomes a bonding experience and a hands-on way to teach teens business basics, customer service, budgeting, and pride in ownership. Some even go on to run their own carts, and I've seen families use the earnings to open Roth IRAs or save for college. But beyond the money, it's about mindset. These moms are saying, 'I want my kids to see you don't have to follow the grain—if mom can build something from scratch, so can you.' And that belief is worth more than any startup capital.' Who knows? If you're working with your child or grandchild, consider practicing together to discuss the features and benefits of each of your side hustles. This will give you a chance to see what life is like on both sides of the selling fence. If you've never started a business before, particularly if you're retired, it's easy to fall prey to the burden of perfection. Accomplished entrepreneurs know that the secret to success is simply to start. Don't delay. Start scrappy. You can refine things as you go along. What's that famous GE catch phrase? 'Ready. Fire! Aim.' Don't be afraid to fix things on the fly. Don't overemphasize your 'grand opening.' This is only a side hustle. Speed tends to reward. Winners get there first. Those who hesitate fall behind. 'They get caught in the trap of 'I need everything perfect first,'' says Blackwood. 'Logo, pricing, website—they delay action until they have it all figured out. But done beats perfect every time. Share the journey. Show your face. Talk about your idea before it's polished. The people who support you early are buying you, not your branding.' Indeed, you'll find your confidence won't start building until after the first few sales, not before. Why? It's your authenticity and connection that seal the deal, not your product. After that, if your product truly solves a significant problem, it will begin selling itself. What evidence should you be looking for that your side hustle is selling itself? That depends on your product and the marketing method you use. If you're selling a book, you'll begin to see sales go up without any advertising. If you're providing a service like cleaning out gutters (or email inboxes), the phone will start ringing before you're done with your next job. This implies you've got sustainable word-of-mouth advertising. You stoke this by focusing on referrals, obtaining testimonials, and public visibility. (Of course, a consistent, well-performing product underpins all of this.) Remind satisfied clients to refer you to a friend. Ask them to provide a testimonial you can use. Above all, make sure people see you out there, wherever your potential customers hang out. 'Referrals were key,' says Chris Sorensen, CEO at PhoneBurner in Seattle, Washington. 'I made sure each customer had a great experience, then simply asked if they knew anyone else who could benefit. That steady word-of-mouth helped me grow without needing a big marketing budget.' Also, social sharing and gratitude posts offer a double bang. Not only do they get your name out, but they get your customers' names out, too. Everyone appreciates a 'thank you' (remember the response you got to those handwritten thank-you notes your mother forced you to write?). Doing this can create a reciprocity cycle that can, in turn, become a mini-marketing engine for organic growth. You don't need a business plan. You don't need a marketing degree. All you need is an idea, a network, and the will to act. It doesn't matter which end of the age spectrum you're on. Whether you're a senior side hustler seeking more spending money or a teen entrepreneur looking to fund a Child IRA, these tips work. Are you intrigued by the opportunities a side hustle can offer you? Use your hobby as a launching pad. It makes the journey easier than you can imagine. Not only does the internet offer a seamless distribution opportunity, but it also serves as a free resource library. Would you like to find out more about senior side hustles and other entrepreneurial topics? Click here to sign up for Chris Carosa's newsletter and receive a free three-step checklist to determine if your idea has what it takes to succeed.
