The Fed has let the “inflation gorilla” out of the cage, JPMorgan Asset Management portfolio manager William Eigen said. Eigen warned that prices won’t come down to the Fed’s 2% target anytime soon, and the Fed will likely keep rates high. Rate cuts are unlikely after central bankers mistakenly called inflation “transitory”, he said. Loading… Continue reading The ‘inflation gorilla’ is out of its cage and it isn’t coming back down to the Fed’s 2% target anytime soon, portfolio manager says
CarMax plunges 16% as ‘vehicle affordability challenges’ drive 3rd-quarter earnings and revenue miss
CarMax shares sharply fell Thursday as the used-car retailer missed third-quarter expectations. Customers are facing “vehicle affordability challenges” with high inflation and interest rates. Per-share earnings of $0.24 were short of consensus views for $0.70 a share. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re… Continue reading CarMax plunges 16% as ‘vehicle affordability challenges’ drive 3rd-quarter earnings and revenue miss
7 Best Small-Cap Stocks to Buy for 2023 and Beyond
Small-cap stocks (opens in new tab) tend to suffer more than their larger cap peers when equities are broadly struggling, and 2022 was no exception. But if there’s a sliver of a silver lining to be found, it’s that analysts say the best small-cap stocks to buy are priced for exceptional returns in 2023. First,… Continue reading 7 Best Small-Cap Stocks to Buy for 2023 and Beyond
Stock Market Today: Stocks Land a Win on Turnaround Tuesday
Stocks looked poised to extend their daily losing streak Tuesday, trading lower near the open after a surprise move by the Bank of Japan (BoJ). However, they moved higher by mid-morning as bargain hunters swooped in. Following four days in which the major market indexes notched losses ranging from 4% to more than 6%, they… Continue reading Stock Market Today: Stocks Land a Win on Turnaround Tuesday
Is the Stock Market Open on Christmas 2022?
Is the stock market open on Christmas Eve and Christmas? Normally, the answer to that question is no-ish. That’s because Christmas Eve is typically an early closure day for Wall Street, while both the stock and bond markets are closed for the entirety of Christmas Day. However, Christmas Eve falls on a Saturday in 2022,… Continue reading Is the Stock Market Open on Christmas 2022?
Billionaire investor Bill Gross warns of chaos ahead for US housing and bond markets if the Fed keeps pushing up interest rates
The Federal Reserve’s rate-hiking campaign could plunge markets into crisis next year, according to Bill Gross. “We’ve got potential chaos in financial markets,” the billionaire investor said Tuesday. The housing and bond markets look particularly vulnerable, Gross added. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while… Continue reading Billionaire investor Bill Gross warns of chaos ahead for US housing and bond markets if the Fed keeps pushing up interest rates
Crypto will ignite the next financial crisis if it’s not banned — just look at the FTX fiasco, India’s central bank boss says
FTX’s bankruptcy filing shows that crypto is a threat to the global financial system, according to Reserve Bank of India governor Shaktikanta Das. Das called for a full ban of the “100% speculative” asset class. “Mark my words, the next financial crisis will come from private cryptocurrencies,” he added. Loading Something is loading. Thanks for… Continue reading Crypto will ignite the next financial crisis if it’s not banned — just look at the FTX fiasco, India’s central bank boss says
Fund Manager Sees Value Opportunities
Sarah Ketterer, chief executive of $34 billion Causeway Capital Management, is a global value-stock investor. And she’s good enough at it to have earned a Morningstar mutual fund manager of the year award in 2017. Ketterer is a traditional value investor, looking for corporate turnarounds. U.S. stocks are likely to end flat next year, as the… Continue reading Fund Manager Sees Value Opportunities
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