International stocks: Why bother? For the greater part of the past decade, it hasn’t paid to invest abroad. U.S. stocks beat their overseas counterparts in eight of the past 10 calendar years. It’s little wonder that many investors now avoid foreign stock markets. “Our clients see international investing as a greater risk,” ignoring any diversification… Continue reading International Stocks: Time to Explore Investments Abroad
The downside risk to the stock market is the highest it’s been in a year as earnings face pressure, Morgan Stanley’s chief stock strategist says
Stocks are still set to see earnings pressure, and investors shouldn’t be fooled by the tech rally, Morgan Stanley’s Mike Wilson said. Wilson said stocks now faced the highest downside risk in a year following the collapse of SVB. Previously, he predicted the worst earnings recession since 2008 to strike the market. Loading Something is… Continue reading The downside risk to the stock market is the highest it’s been in a year as earnings face pressure, Morgan Stanley’s chief stock strategist says
The stock market rally is over as commercial real estate risks begin to compound, JPMorgan’s chief market strategist says
The stock market rally is nearing its end as risks related to commercial real estate begin to rise, according to JPMorgan.The bank believes the highs for the stock market have been made in 2023, with further downside ahead.”CRE stresses appear to be compounding, amplified by banking shocks that could complicate their debt roll,” JPMorgan said.… Continue reading The stock market rally is over as commercial real estate risks begin to compound, JPMorgan’s chief market strategist says
‘The storm signals are flying’: Evercore founder says the US is barreling towards a recession
Evercore founder Roger Altman says the odds of a recession are rising, he told CNBC on Monday. Altman breaks down which indicators he’s using to gauge economic health. “We could be heading into that kind of economic softness, and that might affect credit quality and banking health.” Loading Something is loading. Thanks for signing up!… Continue reading ‘The storm signals are flying’: Evercore founder says the US is barreling towards a recession
The latest US bank crisis is opening doors for China to assert global ascendancy, Yale economist says
Volatility in the US banking system is an opportunity for China, Yale’s Stephen Roach said. In an op-ed for Project Syndicate, he pointed to weaknesses that were exposed from SVB’s collapse. “A rising China is taking dead aim at crisis-prone America,” Roach said. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading The latest US bank crisis is opening doors for China to assert global ascendancy, Yale economist says
Markets may be entering a ‘lost decade’ for global economic growth amid financial instability and high inflation, World Bank says
The World Bank warned that the global economic growth could average 2.2% for the next decade, the lowest in 30 years. Reasons include lagging productivity and lasting repercussions of the pandemic, on top of a bank crisis. In a Monday report, the World Bank said the result “could be a lost decade in the making…for… Continue reading Markets may be entering a ‘lost decade’ for global economic growth amid financial instability and high inflation, World Bank says
Single seniors being pushed into poverty appeal for tax breaks
Watch: Jane Robertson talks about why single seniors need tax breaks Published Mar 26, 2023 • Last updated 15 hours ago • < 1 minute read The rising cost of rent combined with high taxes are pushing middle class seniors into poverty, says Jane Robertson. Photo by Miguel Medina/AFP via Getty Images Jane Robertson, founder of… Continue reading Single seniors being pushed into poverty appeal for tax breaks
Skinny deals at Nordstrom Canada’s liquidation sales disappoint shoppers, but industry experts not surprised
‘How is this a liquidation sale when everything is only 5 per cent off,’ tweets disgruntled shopper Published Mar 24, 2023 • Last updated 2 days ago • 4 minute read Most of the merchandise in the Nordstrom Canada liquidation sales was only discounted by 5 per cent, disappointing bargain hunters. Photo by Financial Post Nordstrom… Continue reading Skinny deals at Nordstrom Canada’s liquidation sales disappoint shoppers, but industry experts not surprised
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