Fed Chair Jerome Powell has faced mounting criticism for his leadership of the US central bank. Critics have blasted the Fed for responding too late to inflation and now being on the brink of causing a recession. Still, some say that the Fed is doing its best in the face of unprecedented conditions and a… Continue reading Here’s what Jerome Powell’s critics and defenders have been saying as the Fed gets ready to possibly raise rates for the last time in the current cycle
‘The market is getting impatient with the Fed’: Here’s what investors are looking for at the Fed’s upcoming policy meeting
The Fed looks set to raise interest rates for a 10th consecutive time at its May meeting this coming week. A signal of a pause in hikes or a dovish Chairman Powell could ignite a rally in markets. A portfolio manager said it may take a black swan event to prompt the Fed to cut… Continue reading ‘The market is getting impatient with the Fed’: Here’s what investors are looking for at the Fed’s upcoming policy meeting
The US will suffer a recession – and don’t expect the Fed to rescue stocks when that happens, top Macquarie economist says
The Federal Reserve’s latest minutes showed policymakers expect a “mild recession”. But the US economy is likely headed toward a more severe downturn, according to Macquarie’s head of economics. The central bank still won’t rush to stocks’ rescue if that happens, David Doyle told Insider. Loading Something is loading. Thanks for signing up! Access your… Continue reading The US will suffer a recession – and don’t expect the Fed to rescue stocks when that happens, top Macquarie economist says
Bitcoin could jump nearly 70% if the US defaulted on its debt, Standard Chartered analyst says
Bitcoin could climb by $20,000 if a US default happens, Standard Chartered’s Geoff Kendrick said. Not every crypto would act similarly, with some behaving more like equities, he told Insider. “So actually, the optimal trade would probably be long bitcoin, short ethereum.” Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Bitcoin could jump nearly 70% if the US defaulted on its debt, Standard Chartered analyst says
Here are the 6 factors that suggest the stock market bottomed last October and will continue to rally from here
Fundstrat’s Tom Lee says it looks increasingly likely that the stock market bottomed in October.Fundstrat highlighted six reasons why it thinks the bottom is in and a rally in stocks can continue.”Markets bottom before fundamentals 80% of the time and S&P 500 P/E (2024) is 15x ex-FAANG,” Lee said. Loading Something is loading. Thanks for… Continue reading Here are the 6 factors that suggest the stock market bottomed last October and will continue to rally from here
Warren Buffett eats McDonald’s for breakfast, drinks 5 Cokes a day, and devours cookies and ice cream. Here are the investor’s 11 best quotes about his iconic diet.
Warren Buffett may be a billionaire businessman in his 90s, but he eats like a child. The investor and Berkshire Hathaway CEO loves McDonald’s, Coca-Cola, and Dairy Queen. Buffett says his indulgent diet has been key to his happiness and long lifespan. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Warren Buffett eats McDonald’s for breakfast, drinks 5 Cokes a day, and devours cookies and ice cream. Here are the investor’s 11 best quotes about his iconic diet.
A real estate investor who got started at age 38 shares the top 3 pieces of advice for beginners that helped him build a $2.7 million in just 4 years
Dan Rivers has amassed a 16-unit real estate portfolio worth $2.7 million in total. Rivers built his portfolio in just 4 years, after getting started in real estate at the age of 38. Here are his three top pieces of advice for beginners — regardless of their current stage of life. Real estate investor Dan… Continue reading A real estate investor who got started at age 38 shares the top 3 pieces of advice for beginners that helped him build a $2.7 million in just 4 years
Dollar dominance could give way to a ‘tripolar’ currency system as China’s yuan and the euro rise on the world stage
The dollar’s status isn’t under threat anytime soon, but the yuan and euro look most likely to cut into its lead. A “tripolar” reserve currency system is plausible, economist Stephen Jen told Insider. The greenback saw a dramatic erosion as a global reserve currency in 2022, but it’s still dominant in international trade. Loading Something… Continue reading Dollar dominance could give way to a ‘tripolar’ currency system as China’s yuan and the euro rise on the world stage
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