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RH News

Stock Market Today - 6/30: Stocks End Lower as Powell Warns of 'Pain' Required to Tame Inflation

Global central bankers aren't taking their foot from the rate hike pedal, even if its means near-term recession, and that has stocks facing their worst start to the year since 1970.

RH Stock Slumps After Cutting 2022 Sales Forecast As Consumer Demand Wanes

“With mortgage rates double last year’s levels ... our expectation is that demand will continue to slow throughout the year,” said CEO Gary Friedman

Stocks Futures Tumble, Inflation, RH, Xerox and Bitcoin In Focus - Five Things To Know

Stock futures slump as rate hike 'pain' tames bulls; PCE inflation easing may come with a price; RH shares tumble after cutting 2022 sales forecast; Xerox CEO John Visentin dies at 59 and Grayscale sues SEC after bitcoin ETF rejection.

Home Depot Makes Wells Fargo List of Favored Retail Stocks

The S&P Retail Select Industry Index has dropped 27% year to date. But Wells Fargo analysts see some opportunities.

Cramer's Mad Money Recap 5/11: Carvana, Rivian, Netflix

Jim Cramer says this market is ugly. It's painful. And it's likely not done yet.

Breaking News

Tesla Stock Slips Lower After Q2 Delivery Slump, Planned Factory Closures

Tesla said it had a record rate of production in June, but supply chain disruption and the closure of its Shanghai gigafactory triggered a slump in Q2 deliveries.

Exxon Stock Jumps On Bets For Record Q2 Profits Amid Global Oil Price Surge

"High energy prices are largely a result of underinvestment by many in the energy industry over the last several years and especially during the pandemic," Exxon said.

Summers, Others Cite Growing Chance of Recession

GDP shrank an annualized 1.6% in the first quarter, and some experts anticipate another drop in the second quarter.

Coinbase Faces A New Scandal

The platform denies selling proprietary customer data and announces it is expanding into several European countries.