Investors should buy technology stocks ahead of a year-end rally, according to Wedbush’s Dan Ives.Ives said Friday that the combination of solid second-quarter earnings and a less hawkish Fed should boost stock prices.”With the Fed waving the white flag on rate hikes, we see a green light risk-on environment into year-end,” Ives said. Loading Something… Continue reading Buy tech stocks now as solid 2nd-quarter earnings will power a 15% rally into year-end, Wedbush says
Buy tech stocks now as solid 2nd-quarter earnings will power a 15% rally into year-end, Wedbush says
These are the 5 most pressing questions about the bullish ‘resilience’ thesis of the stock market and the economy
Bearish sentiment has been subdued this year as the consumer and economy stay strong. Much of the bullish optimism towards a soft-landing scenario in the economy hinges on this continued resilience.These are the five most pressing questions investors should be asking about the sustainability of such resilience. Loading Something is loading. Thanks for signing up! Access… Continue reading These are the 5 most pressing questions about the bullish ‘resilience’ thesis of the stock market and the economy
Ex-Goldman CEO Lloyd Blankfein phoned his successor to complain after taking a $50 million hit on the bank’s stock – and even offered to rejoin the firm, report says
Goldman Sachs’ ex-CEO called up his successor to complain after taking a $50 million hit on the bank’s stock, The New York Times reported. Lloyd Blankfein offered to give more advice to David Solomon and floated a return to the firm, per The Times. The embattled Goldman chief declined to take Blankfein up on his… Continue reading Ex-Goldman CEO Lloyd Blankfein phoned his successor to complain after taking a $50 million hit on the bank’s stock – and even offered to rejoin the firm, report says
US stocks whipsaw but close higher as Wall Street mulls Fed outlook after July CPI
US stocks closed higher Thursday but gave up their biggest gains as traders assess July CPI data. Inflation last month came in at 3.2%, higher than June but lower than what was expected. Markets are deciding if it was enough to warrant a full pivot by the Fed away from tight monetary policy. Loading Something… Continue reading US stocks whipsaw but close higher as Wall Street mulls Fed outlook after July CPI
The Fed may be done hiking rates but there’s another policy move that still poses a big risk to stocks
The Fed may be nearing the end of its rate hikes but its balance sheet reduction plans still pose a big risk to stocks. The Fed has reduced its balance sheet by $900 billion over the past year and is showing no signs of stopping.”Risk assets love liquidity. Continued draining of liquidity presents a risk for… Continue reading The Fed may be done hiking rates but there’s another policy move that still poses a big risk to stocks
Russia’s economy takes a hit as its current-account surplus crashes 85% compared to last year
Russia’s current account surplus dropped 85% from January to July 2023 compared to the same stretch last year. That surplus reached a record high in 2022 as oil and gas exports boomed amid war in Ukraine. Now, however, those energy exports have slumped and Russia is struggling to maintain its energy trade. Loading Something is… Continue reading Russia’s economy takes a hit as its current-account surplus crashes 85% compared to last year
Disney just hiked streaming prices by almost 30% and Wall Street is thrilled
Disney announced higher prices for its streaming services, and Wall Street is loving it.The entertainment company hiked prices for Disney+, Hulu, and ESPN by almost 30%.Here’s what Wall Street is saying about Disney’s price hikes and 3rd-quarter earnings results. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Disney just hiked streaming prices by almost 30% and Wall Street is thrilled
Massive home-price appreciation might be the secret to keeping consumers afloat as savings dry up
Homeowners’ equity is the highest it’s been in 25 years, which could provide a cushion as consumer savings dwindle. Wells Fargo economists say that huge price appreciation means homeowners have a lifeline they can tap. Soaring home prices looks like an “underappreciated tailwind” for consumers, they said. Loading Something is loading. Thanks for signing up!… Continue reading Massive home-price appreciation might be the secret to keeping consumers afloat as savings dry up