Markets

US stocks look cheap, and could soar once the Fed starts cutting interest rates, Jeremy Siegel said. He said the US can escape recession if the Fed pivots from raising rates to lowering them by summer. Falling asset prices, lower shipping costs, and layoffs suggest inflation is waning, he said. Loading Something is loading. Thanks… Continue reading Wharton professor Jeremy Siegel sees the Dow surging 2,000 points once the Fed pivots to cutting rates – and says the US can still escape a recession

A “Santa Pause” rally for stocks may be taking shape as central banks signal a step-down in rate hikes, Charles Schwab said.  The Fed and the BoE are among those indicating they’re considering less aggressive rate hikes in the future. The MSCI EAFE Index of international stocks has gained nearly 10% since step-down signs began… Continue reading The Fed and other central banks could deliver a ‘Santa Pause’ rally for global stocks this year as they dial back the size of rate hikes, Schwab says

Japan’s foreign currency holdings fell for a third straight month in October, official data show. Tokyo is battling to prop up the yen, which has tumbled 27% against the dollar in 2022. Japan has been offloading its dollars and buying the yen in a bid to stabilize its struggling currency. Loading Something is loading. Thanks… Continue reading Japan’s foreign reserves fall again as Tokyo carries on dumping dollars and buying the yen

Some firms on Wall Street are continuing their relationship with Russia despite Congress’ public opposition, Bloomberg says.  The US is reportedly encouraging banks like Citi Group and JPMorgan Chase to keep the status quo.  Meanwhile Congress is posturing that the Kremlin should be condemned further.  Loading Something is loading. Thanks for signing up! Access your… Continue reading Biden administration encourages Wall Street banks to keep doing business with certain strategic Russian firms, report says

EAD continues to expand its footprint across the US , /PRNewswire/ — EAD Services, P.C. (EAD), a leading engineering consulting and project management services organization, opened its newest office location in Cary, NC with the intent to offer EAD’s complete list of services, announced Stephen Lichter, EAD’s CEO. “We’re committed to our clients in all areas of our business… Continue reading EAD Opened a New Regional Office in Cary, North Carolina

Digital World Acquisition soared 31% on Monday after former President Donald Trump teased a 2024 election run.Speculation has been building that Trump will announce a formal bid for the presidency later this month.The Digital World SPAC is still struggling to get enough shareholder votes to close its acquisition with Truth Social. Loading Something is loading.… Continue reading Digital World soars 31% after former President Donald Trump teases a 2024 election run at Sunday rally

A price cap on Russian crude likely won’t stop China and India from quietly buying oil from Russia, sources told S&P Global. Some insurers may be willing to back shipments of Russian crude outside the price cap. Most sources said the price cap was unlikely to crimp Russian oil shipments to China and India. Loading… Continue reading An oil price cap won’t stop China and India from quietly snapping up Russian crude with the help of smaller insurers, S&P Global says

The housing market crash will push the Federal Reserve to pivot, according to Jeremy Siegel.  The Wharton professor told CNBC on Monday that Fed chief Jerome Powell relies on backward-looking housing data.  “I think the market says he’s gotta flip sometime,” Siegel said. “He will see the light, it’s just taking him a little longer.”… Continue reading Jeremy Siegel says the housing crash will force Fed chief Powell to ‘flip sometime’ on inflation and pivot