The November jobs report dealt a hard blow to stocks today, with data from the Labor Department suggesting the Federal Reserve still has a long way to go in its efforts to slow the economy. Specifically, the U.S. added a much higher-than-expected 263,000 jobs in November, while the unemployment rate remained steady at 3.7% and… Continue reading Stock Market Today: Stocks Stabilize After Jobs Report Jolt
This Week in Cannabis Investing: Weed Legalization in Germany Could Trigger Changes Across Europe
The legalization and commercialization of cannabis, adult-use and medical, continues with many more projected years of double-digit growth – and weed legalization in Germany could be next. Last month, the ruling coalition in Germany released a blueprint for establishing Europe’s first taxed and regulated adult-use market. As Germany inches towards cannabis legalization, this could spell… Continue reading This Week in Cannabis Investing: Weed Legalization in Germany Could Trigger Changes Across Europe
Jobs Report Blows Past Expectations: What the Experts Are Saying
The November jobs report exceeded economists’ expectations by a wide margin, fueling investor anxiety that the Federal Reserve won’t be pivoting away from its hawkish monetary policy anytime soon. Wages likewise came in above forecast, adding to fears that the central bank has much more work to do in its bid to whip the worst… Continue reading Jobs Report Blows Past Expectations: What the Experts Are Saying
Kiplinger’s Weekly Earnings Calendar (Dec. 5-9)
Below is a weekly earnings calendar of the most important upcoming quarterly reports scheduled to be released by publicly traded companies. Please check back often. This earnings calendar is updated weekly. Monday (12/5)Tuesday (12/6)Wednesday (12/7)Thursday (12/8)Friday (12/9)(Editor’s Note: Earnings dates in tables are tentative. However, companies featured in “Earnings Spotlights” have officially announced their earnings… Continue reading Kiplinger’s Weekly Earnings Calendar (Dec. 5-9)
US stocks finish mixed amid fears of more Fed hawkishness after hot jobs report
Jennifer Sor Trader Leon Montana works on the floor of the New York Stock Exchange stocks NYSE worry AP Photo/Richard Drew US stocks closed mixed on Friday after November’s job report clocked in above economists’ expectations. The Dow reversed higher as the Fed is still largely expected to slow its pace of rate hikes. But… Continue reading US stocks finish mixed amid fears of more Fed hawkishness after hot jobs report
It’s time for investors to sell any rally in stocks with job losses set to shock markets in 2023, Bank of America says
Sell stock rallies ahead of the likely recession shock for Main Street consumer sentiment in 2023, Bank of America said Friday. Job losses next year will shock consumers, as inflation did in 2022, analysts predicted. For now, the labor market still looks strong, with the addition of 263,000 jobs in November. Loading Something is loading.… Continue reading It’s time for investors to sell any rally in stocks with job losses set to shock markets in 2023, Bank of America says
EU sanctions on Russian oil take effect on Monday – here’s what to expect and why the price cap may not yield any real results
The European Union’s sanctions on Russian oil shipments will take effect on Monday. EU officials have agreed to set a price cap on Russian oil at $60 a barrel. The US has said ships loaded with Russian oil before December 5 and unloaded at destinations before January 19 won’t be subject to the price cap.… Continue reading EU sanctions on Russian oil take effect on Monday – here’s what to expect and why the price cap may not yield any real results
The jobs report was likely distorted and there’s plenty of room for the Fed to taper rate rate hikes and pause in the first quarter of 2023, JPMorgan Asset Management chief strategist says
November’s strong jobs report was likely distorted, and the Fed still has room to slow and eventually pause rate hikes. JPMorgan Asset Management’s David Kelly pointed to possible exaggerations in the Friday’s report. “I think beneath the surface there is more weakness here,” Kelly said in an interview with CNBC. Loading Something is loading. Thanks… Continue reading The jobs report was likely distorted and there’s plenty of room for the Fed to taper rate rate hikes and pause in the first quarter of 2023, JPMorgan Asset Management chief strategist says
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