investing The U.S. economy contracted for a second straight quarter in Q2 according to the latest GDP data, sparking plenty of recession chatter around Wall Street.U.S. gross domestic product contracted 0.9% in the second quarter, following a decline of 1.6% in Q1. Although two consecutive quarters of negative growth don’t constitute the official definition of… Continue reading Are We in a Recession? Here’s What the Experts Say | Kiplinger
Kip ETF 20: What’s In, What’s Out and Why | Kiplinger
Kip ETF 20 The broad market has taken a major hit so far in 2022, sparking some tactical changes to Kiplinger’s lineup of the best low-cost ETFs.These days, checking on how your investments are doing feels a little like asking for a hard punch in the gut. Nearly every major asset class has suffered losses… Continue reading Kip ETF 20: What’s In, What’s Out and Why | Kiplinger
ETFs Are Now Mainstream. Here’s Why They’re So Appealing. | Kiplinger
Investing for Income ETFs offer investors broad diversification to their portfolios and at low costs to boot.Long gone, says Jason Bloom, senior director of global ETF strategy at Invesco, are the days when he had to explain to investors what ETFs are and how they work. “ETFs are mainstream,” he says. Wealth managers incorporate these securities,… Continue reading ETFs Are Now Mainstream. Here’s Why They’re So Appealing. | Kiplinger
Dow soars 332 points after early losses as traders digest a 2nd straight negative GDP print
Stocks rallied Thursday following a negative second-quarter GDP print that showed a 0.9% contraction. Policymakers pointed to a strengthening labor market as reason to believe the economy is not currently in a recession. Housing market demand continues to tumble even as mortgage rates dip, according to Freddie Mac. Loading Something is loading. US stocks rallied… Continue reading Dow soars 332 points after early losses as traders digest a 2nd straight negative GDP print
The US dollar could fall from 20-year highs as the Bank of England sets sight on its largest rate hike in nearly 3 decades, says analyst
The US dollar will drop against the pound if the Bank of England issues a hefty rate hike in August, Forex.com said Thursday. The BOE could raise its key rate by 50 basis points, marking the largest increase since 1995. The pound may then rise to $1.25 against the greenback, a level it hasn’t traded… Continue reading The US dollar could fall from 20-year highs as the Bank of England sets sight on its largest rate hike in nearly 3 decades, says analyst
Janet Yellen says the US economy is not in a recession despite a 2nd straight negative GDP print because the job market is strong
Treasury Secretary Janet Yellen said the US economy is not in a recession despite two straight declines in quarterly GDP growth.She pointed to the strong labor market as reason to believe that the US economy is not experiencing a broad economic slowdown.The US economy is officially not in a recession until the National Bureau of… Continue reading Janet Yellen says the US economy is not in a recession despite a 2nd straight negative GDP print because the job market is strong
With great passion, setting sail together for a green future
GEM Global Depositary Receipts (GDR) successfully listed on the Swiss Exchange (SIX) , /PRNewswire/ — At 21:00 Beijing time on July 28 (15:00 Zurich local time), the Global Depositary Receipt (GDR) of GEM was officially listed on the SIX (Swiss Stock Exchange). After the China Securities Regulatory Commission (CSRC) revised the “China-Europe Access” rules and… Continue reading With great passion, setting sail together for a green future
A 2nd straight quarter of GDP contraction shows the Fed is on the back foot in its fight against inflation, says Mohamed El-Erian
New data showing a second straight GDP decline is a sign the Federal Reserve is behind in its battle against inflation, Mohamed El-Erian says. El-Erian thinks the Fed may have waited too long to raise rates, making a soft economic landing unlikely. The famed economist has warned for months that the central bank tightened policy… Continue reading A 2nd straight quarter of GDP contraction shows the Fed is on the back foot in its fight against inflation, says Mohamed El-Erian
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