The Fed’s move to simultaneously hold interest rates and signal future rises may have been a strategy, David Rosenberg said. The central bank managed to find a way to “tighten policy without tightening policy,” the top economist tweeted. The Fed left rates unchanged this week, but indicated it may raise them twice more before year-end.… Continue reading David Rosenberg says the Fed found a way to ‘tighten policy without tightening’ – by holding rates and signaling hikes at the same time
London’s embattled hedge fund to be broken up as Wall Street banks cut ties over sexual harassment allegations
London-based hedge fund Odey Asset Management will break itself up, it said in a letter to investors Thursday. Its founder Crispin Odey was accused of sexual harassment by 13 women in a Financial Times investigation published last week. JPMorgan and Morgan Stanley both cut ties with the asset manager after the allegations broke. Loading Something… Continue reading London’s embattled hedge fund to be broken up as Wall Street banks cut ties over sexual harassment allegations
U.S. Debt on Course to Balloon Before It Shrinks: Kiplinger Economic Forecasts
To help you understand what is going on in the U.S. economy and what we expect to happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You’ll get all the latest news first by subscribing,… Continue reading U.S. Debt on Course to Balloon Before It Shrinks: Kiplinger Economic Forecasts
Stocks Rise After May CPI Shows Inflation is Easing
Stocks closed higher Tuesday after the latest consumer price index (CPI) report raised expectations that the Federal Reserve will pause its run of rate hikes tomorrow when it concludes its June meeting. However, while the data showed that inflation is easing, some “sticky” readings increased the probability that another rate hike could come at the… Continue reading Stocks Rise After May CPI Shows Inflation is Easing
Even investors in China are bailing on Chinese markets and putting their money in US assets instead
Even investors in China are bailing on Chinese markets and shifting their money overseas. Most of that Chinese money has been flowing into dollar assets, according to Bloomberg. Expectations that the Fed will keep rates high have added to the appeal of US bonds and deposits. Loading Something is loading. Thanks for signing up! Access… Continue reading Even investors in China are bailing on Chinese markets and putting their money in US assets instead
The inflation shock is over so there’s no need for any more Fed rate hikes, the Institute of International Finance’s chief economist says
“The US inflation shock is over”, so the Fed need not hike interest rates any more, according to the chief economist of the Institute of International Finance. The IIF’s measure of “inflation generalization” has fallen to the lowest level since February 2021, Robin Brooks said. US inflation has been steadily cooling from its mid-2022’s highs,… Continue reading The inflation shock is over so there’s no need for any more Fed rate hikes, the Institute of International Finance’s chief economist says
Elon Musk’s decision to not pay rent on Twitter’s offices is adding to commercial mortgage headaches at Goldman Sachs
Elon Musk’s decision not to pay Twitter’s rent is causing pain for Goldman Sach’s commercial real estate portfolio, the FT reported. Goldman was part of a group that originated a $1.7 billion loan to Columbia Property, the owner of several of Twitter’s offices. Columbia is suing Twitter for not paying rent, saying it owed over… Continue reading Elon Musk’s decision to not pay rent on Twitter’s offices is adding to commercial mortgage headaches at Goldman Sachs
‘Dean of Valuation’ Aswath Damodaran says the story behind Nvidia’s stock surge makes sense but its current price doesn’t
The narrative behind Nvidia’s stock rally makes sense but its current share price doesn’t, according to Aswath Damodaran. The ‘Dean of Valuation’ thinks Nvidia would have to dominate the whole AI market to justify its current price. There’s too little upside left to the chipmaker’s stock, the NYU finance professor told CNBC. Loading Something is… Continue reading ‘Dean of Valuation’ Aswath Damodaran says the story behind Nvidia’s stock surge makes sense but its current price doesn’t
Recent Post
