Three-month Treasury bills saw their highest yield since 2001, as debt ceiling concerns grow. The Treasurys would mature around when the US government would run out of money. The warning came as House Speaker Kevin McCarthy asked Wall Street to “don’t sit back — join us.” Loading Something is loading. Thanks for signing up! Access… Continue reading The bond market just sounded the alarm on US default risks, and ‘cataclysmic’ debt ceiling stress could come sooner than expected
The stock market is poised to rally thanks to strong earnings and a weakening dollar, Deutsche Bank’s chief US equity strategist says
Deutsche Bank’s chief US equity strategist says strong corporate earnings and a weakening greenback will help stocks rally. Binky Chadha predicts the S&P 500 will increase 2.5% in the near-term to about 4,250. There’s still a lot of uncertainty for markets moving forward, he said, noting the economy could “suddenly crash.” Loading Something is loading.… Continue reading The stock market is poised to rally thanks to strong earnings and a weakening dollar, Deutsche Bank’s chief US equity strategist says
Apple just launched a high-yield savings account. Here’s how it stacks up against competitors.
Apple launched a high-yield savings account for its Apple Card customers on Monday as it grows its financial product offerings.The iPhone maker partnered with Goldman Sachs on the account, which offers an interest rate of 4.15%.Here’s how Apple’s new high-yield savings account stacks up against the competition. Loading Something is loading. Thanks for signing up!… Continue reading Apple just launched a high-yield savings account. Here’s how it stacks up against competitors.
Inflation won’t come close to the Fed’s target, and investors buying the dip in stocks should not hope for policymakers to save them, BlackRock says
Inflation isn’t on track to fall anywhere near the Fed’s 2% target, BlackRock said in a note. Strategists pointed to rising core CPI, which suggests inflationary pressures haven’t abated. “Rate cuts are not on the way to help support risk assets, in our view,” strategists said in a note. Loading Something is loading. Thanks for… Continue reading Inflation won’t come close to the Fed’s target, and investors buying the dip in stocks should not hope for policymakers to save them, BlackRock says
BlackRock’s Larry Fink says there’s no big recession headed for the US economy, but inflation will be ‘stickier for longer’
BlackRock’s Larry Fink says inflation will stay higher for longer because of geopolitical issues. The CEO of the world’s largest asset manager explained why the US will not enter a big recession in 2023. That’s due to a large amount of money flowing into the economy from recent stimulus bills, Fink told CNBC. Loading Something… Continue reading BlackRock’s Larry Fink says there’s no big recession headed for the US economy, but inflation will be ‘stickier for longer’
Here’s why a potential crash in the commercial real estate market could look a lot like the 2008 crisis, according to one CEO
The commercial real estate sector could see a 2008-like crash, according to one CEO. Experts have been sounding alarms for commercial property since the collapse of SVB in March. The sector is largely financed by small- to mid-sized regional lenders, and $1.5 trillion in debt will soon mature. Loading Something is loading. Thanks for signing… Continue reading Here’s why a potential crash in the commercial real estate market could look a lot like the 2008 crisis, according to one CEO
Russia’s economy is hurting – and a new wave of EU sanctions aimed at crippling its ‘war machine’ are coming. Here are 6 key developments in the past week.
Russia’s economy is hurting and a new wave of EU sanctions targeting its “war machine” are coming. Growing links to China, an unstable currency and “cherry-picked” data are key developments. Here are six key things to know about what’s going on in Russia over the past week. Loading Something is loading. Thanks for signing up!… Continue reading Russia’s economy is hurting – and a new wave of EU sanctions aimed at crippling its ‘war machine’ are coming. Here are 6 key developments in the past week.
Fears that the US dollar will collapse are nonsense, and doomsayers are often hawking gold, investment chief says
Dollar collapse fears are bogus as the greenback can’t be replaced anytime soon, Brad McMillan said. A lot of the talk is often from doomsayers trying to push gold, Commonwealth Financial’s CIO said. The dollar “is not only the established choice and, in most cases, the smart choice, but it is the only choice.” Loading… Continue reading Fears that the US dollar will collapse are nonsense, and doomsayers are often hawking gold, investment chief says
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