The March jobs report is a win for stocks and the Fed should keep a steady pace of rate hikes in May, Mohamed El-Erian said. The world’s largest economy added 236,000 jobs last month, shy of the median forecast of 239,000. Stock futures closed higher after the jobs report that arrived during the Good Friday… Continue reading The March jobs report was a win-win for stocks and the Fed, economist Mohamed El-Erian says
Here’s why the world’s biggest publicly traded hedge fund is cautious on stocks right now
Man Group’s Mark Jones says he’s cautious on the stock market right now. Stocks are facing deteriorating fundamentals, the Deputy CEO said on a recent podcast. “I think the risk-reward in equities is very, very tough at the moment,” he said. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Here’s why the world’s biggest publicly traded hedge fund is cautious on stocks right now
Tesla just flashed a sell signal that could spark a 14% decline amid more vehicle price cuts
Tesla stock just flashed a sell signal that could spark 14% downside, according to Fairlead Strategies’ Katie Stockton.”Tesla is the first of the megacaps to challenge support, with a pending breakdown below its 50-day moving average,” Stockton said.The technical sell signal comes amid more price cuts for Tesla’s Model 3, X, and S vehicles. Loading… Continue reading Tesla just flashed a sell signal that could spark a 14% decline amid more vehicle price cuts
Who is Satoshi Nakamoto? Crypto fans just celebrated the bitcoin inventor’s birthday and his legend is as mysterious as ever.
Satoshi Nakamoto is said to be the inventor of bitcoin and wrote the token’s original white paper in 2008. Crypto fans this week celebrated Nakamoto’s 48th birthday amid new theories as to their true identity. Here’s what to know about the mysterious icon behind the world’s largest cryptocurrency. Loading Something is loading. Thanks for signing… Continue reading Who is Satoshi Nakamoto? Crypto fans just celebrated the bitcoin inventor’s birthday and his legend is as mysterious as ever.
US stocks edge higher as investor await important March jobs report
Jennifer Sor Reuters / Brendan McDermid US stocks traded mixed on Thursday, ending a short week as investors looked to the key March jobs report. The market took stock of weakening jobs data this week in the form of private payrolls and jobless claims. The Fed has cited a tight labor market as a reason… Continue reading US stocks edge higher as investor await important March jobs report
The Fed should keep raising rates as overblown credit fears make a recession unlikely, Fed President Bullard says
The Fed can keep raising rates as there’s little risk of recession caused by recent bank stress, Fed president James Bullard said. The lending facilities extended to banks have been working, offsetting a bigger credit crunch. The recent drop in bond yields will also help mitigate economic challenges, he said. Loading Something is loading. Thanks… Continue reading The Fed should keep raising rates as overblown credit fears make a recession unlikely, Fed President Bullard says
The global economy will grow at the slowest pace in 3 decades as higher interest rates bite, IMF chief says
The global economy is looking at its slowest growth in three decades over the next 5 years, the IMF head said Thursday. Higher interest rates as central banks battle hot inflation are weighing on demand in advanced economies. The world’s GDP should remain around 3%, the lowest medium-term growth forecast since 1990. Loading Something is… Continue reading The global economy will grow at the slowest pace in 3 decades as higher interest rates bite, IMF chief says
Investors should brace for corporate profits to see their biggest drop since the start of the pandemic, Goldman Sachs says
Goldman Sachs strategists say they expect corporate profits to see their steepest decline since 2020. There are only three sectors they expect to have seen expanded profit margins last quarter. The vast majority of other industries will likely see their margins drop by over 200 basis points. Loading Something is loading. Thanks for signing up!… Continue reading Investors should brace for corporate profits to see their biggest drop since the start of the pandemic, Goldman Sachs says
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