The Fed can keep raising rates as there’s little risk of recession caused by recent bank stress, Fed president James Bullard said. The lending facilities extended to banks have been working, offsetting a bigger credit crunch. The recent drop in bond yields will also help mitigate economic challenges, he said. Loading Something is loading. Thanks… Continue reading The Fed should keep raising rates as overblown credit fears make a recession unlikely, Fed President Bullard says
The global economy will grow at the slowest pace in 3 decades as higher interest rates bite, IMF chief says
The global economy is looking at its slowest growth in three decades over the next 5 years, the IMF head said Thursday. Higher interest rates as central banks battle hot inflation are weighing on demand in advanced economies. The world’s GDP should remain around 3%, the lowest medium-term growth forecast since 1990. Loading Something is… Continue reading The global economy will grow at the slowest pace in 3 decades as higher interest rates bite, IMF chief says
Investors should brace for corporate profits to see their biggest drop since the start of the pandemic, Goldman Sachs says
Goldman Sachs strategists say they expect corporate profits to see their steepest decline since 2020. There are only three sectors they expect to have seen expanded profit margins last quarter. The vast majority of other industries will likely see their margins drop by over 200 basis points. Loading Something is loading. Thanks for signing up!… Continue reading Investors should brace for corporate profits to see their biggest drop since the start of the pandemic, Goldman Sachs says
Gas prices are on the rise again and drivers can expect more increases to come after steep oil production cuts by OPEC+
US gas prices have hit a five-month high, fuel-tracker GasBuddy said Thursday. Americans are paying an average of $3.54 a gallon to fill-up their vehicles, and $3.65 is in sight. Gas prices are rising following a jump in oil prices after OPEC+ said it will slash production starting in May. Loading Something is loading. Thanks… Continue reading Gas prices are on the rise again and drivers can expect more increases to come after steep oil production cuts by OPEC+
How to take advantage of the new tax-free first home savings account
Jamie Golombek: Here’s what you need to know about Canada’s newest registered savings plan Published Apr 05, 2023 • 4 minute read The FHSA gives prospective first-time homebuyers the ability to contribute up to $40,000 and save on a tax-free basis towards the purchase of a first home in Canada. Photo by Getty Images/iStockphoto April… Continue reading How to take advantage of the new tax-free first home savings account
The 9 Best Materials Stocks to Buy Now
Materials stocks aren’t exactly glamorous in most years, but Wall Street’s experts expect some particularly dull results from the sector this year. That doesn’t mean there aren’t a few diamonds in the rough, however. We’ve recently sifted through the sector to find the brightest opportunities in the space – nine stocks that the pros believe… Continue reading The 9 Best Materials Stocks to Buy Now
Stock Market Today: Weak Economic Data Weighs on Stocks
Weakness in the tech sector and strength in healthcare stocks resulted in a mixed finish for the major indexes Wednesday. It’s already been a shaky week for stocks as recent economic data elevated worries about a potential recession this year. The latest signs of potential trouble came in the form of this morning’s jobs and… Continue reading Stock Market Today: Weak Economic Data Weighs on Stocks
Hedge fund billionaire Chase Coleman says buy mega-cap tech stocks as the sector is looking more attractive thanks to emerging areas like AI
Tiger Global founder Chase Coleman says to buy shares of mega-cap tech companies, per Bloomberg. The sector is attractive again, Coleman says, because of emerging tech like AI. The hedge fund was stung by 2022’s tech market rout, reportedly marking down $23 billion from its startup investments. Loading Something is loading. Thanks for signing up!… Continue reading Hedge fund billionaire Chase Coleman says buy mega-cap tech stocks as the sector is looking more attractive thanks to emerging areas like AI
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