To lower inflation back to 2%, the Federal Reserve needs to cut interest rates, not raise them.That’s according to Barry Ritholtz, who argued that rate hikes won’t cure the current drivers behind rising prices.”Raising rates won’t fix these issues and arguably, makes them worse,” Ritholtz said. Loading Something is loading. Thanks for signing up! Access… Continue reading The Fed needs to cut interest rates, not raise them, if it wants to tame inflation back to 2%, CIO says
Financial pressure building on several fronts for Canadians, poll finds, as Bank of Canada hikes rates
More Canadians likely to declare bankruptcy, saving for retirement pushed to back burner Published Jul 11, 2023 • Last updated 1 week ago • 3 minute read A woman walks past the Bank of Canada headquarters in Ottawa. Photo by Adrian Wyld/The Canadian Press files Having exhausted their savings, Canadians are now struggling on a series… Continue reading Financial pressure building on several fronts for Canadians, poll finds, as Bank of Canada hikes rates
What Is the Nasdaq?
“The Nasdaq” is a term market participants hear several times a day, but what exactly is “the Nasdaq”? Typically, when an investor says “the Nasdaq,” they’re referring to the Nasdaq Composite, or IXIC. This is an index that tracks the performance of the Nasdaq Stock Market, an electronic platform used to buy and sell securities.… Continue reading What Is the Nasdaq?
Stock Market Today: Dow Win Streak Continues After Goldman Sachs Earnings
Stocks opened higher Wednesday as Wall Street cheered an encouraging inflation report from overseas. Investor sentiment also got a lift from the latest round of corporate earnings reports, particularly those coming from the financial sector, which helped the Dow Jones Industrial Average extend its longest daily winning streak in almost four years. Data from the… Continue reading Stock Market Today: Dow Win Streak Continues After Goldman Sachs Earnings
What is Stagflation?
The 1970s are known for many things, but the one economists are most likely to recall is stagflation, the combination of high inflation and unemployment that can cripple an economy and investor portfolios. “Stagflation is a serious risk for investors because of its persistence,” says Michael Rosen, chief investment officer and co-founder of Angeles Investments.… Continue reading What is Stagflation?
Wheat prices head for biggest single-day gain since Russia invaded Ukraine after fresh attacks on key grain facilities
Wheat prices on Wednesday were on track for their biggest one-day gain since February 2022. On Tuesday, Russia launched missiles at the port of Odesa, one of Ukraine’s key grain-exporting hubs. Russia this week also backed out of a deal that had ensured safe passage for Ukraine exports in the Black Sea. Loading Something is… Continue reading Wheat prices head for biggest single-day gain since Russia invaded Ukraine after fresh attacks on key grain facilities
Apple just added $71 billion in market value on news it’s developing an ‘Apple GPT’ AI
Apple stock briefly jumped as much as 2% on Wednesday after Bloomberg reported on the company’s AI ambitions.The stock-price surge added as much as $71 billion to the company’s market cap.According ot the report, Apple is building a large language model and already has an internal chatbot. Loading Something is loading. Thanks for signing up!… Continue reading Apple just added $71 billion in market value on news it’s developing an ‘Apple GPT’ AI
Disinflation will shift to deflation, hitting earnings and sending stocks lower, Morgan Stanley CIO says
Deflation could become a headwind for stocks, Morgan Stanley’s Mike Wilson warned. That’s because falling prices takes away firms’ pricing power, which hurts earnings. “[T]his is a slippery slope for earnings growth and hence stock valuations, which are now quite extended,” Wilson said. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Disinflation will shift to deflation, hitting earnings and sending stocks lower, Morgan Stanley CIO says
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