Citadel founder Ken Griffin said he’s bracing for a US recession in a new interview, per Bloomberg. He also said he expects the Federal Reserve to raise interest rates once more in 2023. The billionaire added that he sees China growing more than 5%, even though its rebound has been muted so far. Loading Something… Continue reading Billionaire investor Ken Griffin says the US is still headed for a recession – but he’s bullish on China despite a disappointing rebound
The Pros’ Investment Strategies for Today’s Market
Wall Street’s most prevalent investment strategies looking out toward the rest of 2023 look much, much different than they did this time a year ago. Around this time last year, the S&P 500 had just entered a bear market, putting an end to the 2020-2022 bull run. Additionally, the Federal Reserve was on the cusp… Continue reading The Pros’ Investment Strategies for Today’s Market
Proxy Season Update for 2023: What Shareholders Are Saying
Did you know it’s proxy season, that period from roughly April through June when public companies hold annual meetings? When you own stock in a publicly-traded company, you can vote by proxy on shareholder proposals about issues such as new board members. While it may seem boring on its face, remember that shareholder proposals essentially… Continue reading Proxy Season Update for 2023: What Shareholders Are Saying
Bonds Are Having a Bang-Up Year
The picture is fast brightening for fixed-income investors for the rest of 2023. Federal Reserve chairman Jerome Powell hinted (in his coy manner) in early May that the bank is finally done tightening credit and raising interest rates — good news for bond prices, which move in the opposite direction. Also, the stock, real estate… Continue reading Bonds Are Having a Bang-Up Year
Is the Stock Market Open on Juneteenth?
Is the stock market open on Juneteenth? The answer to this question is no. The stock market will be closed Monday, June 19, for the Juneteenth holiday. Bond traders will get a long weekend, too, with the bond market also closed on Monday. The holiday, which is also known as Juneteenth National Independence Day, celebrates… Continue reading Is the Stock Market Open on Juneteenth?
Stock Market Today: Stocks Gain Ground Ahead of Inflation Data, Fed Meeting
Stocks closed higher Monday ahead of tomorrow’s highly anticipated release of the May consumer price index (CPI) report and Wednesday’s policy announcement from the Federal Reserve. While market participants kept a cautious eye on these two upcoming events, some single-stock news, including Tesla’s (TSLA) longest win streak on record and a pre-earnings upgrade for Oracle… Continue reading Stock Market Today: Stocks Gain Ground Ahead of Inflation Data, Fed Meeting
Oil prices jump as China looks to kickstart its economy while Wall Street eyes Fed pause
Oil prices climbed Tuesday as China tries to boost growth amid a disappointing post-COVID rebound. The People’s Bank of China unexpectedly trimmed its short-term lending rate. US inflation data also raised hopes on Wall Street for a pause in Fed rate hikes. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Oil prices jump as China looks to kickstart its economy while Wall Street eyes Fed pause
China slashes interest rates and mulls big stimulus package in bid to revive slowing economy
China just slashed short-term interest rates in its economy to 1.9%. Meanwhile, the government is mulling a big stimulus package to prop up key sectors. That comes as the nation posts a disappointing recovery while dialing back its zero-COVID policies. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading China slashes interest rates and mulls big stimulus package in bid to revive slowing economy
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