Goldman Sachs strategists say they expect corporate profits to see their steepest decline since 2020. There are only three sectors they expect to have seen expanded profit margins last quarter. The vast majority of other industries will likely see their margins drop by over 200 basis points. Loading Something is loading. Thanks for signing up!… Continue reading Investors should brace for corporate profits to see their biggest drop since the start of the pandemic, Goldman Sachs says
Gas prices are on the rise again and drivers can expect more increases to come after steep oil production cuts by OPEC+
US gas prices have hit a five-month high, fuel-tracker GasBuddy said Thursday. Americans are paying an average of $3.54 a gallon to fill-up their vehicles, and $3.65 is in sight. Gas prices are rising following a jump in oil prices after OPEC+ said it will slash production starting in May. Loading Something is loading. Thanks… Continue reading Gas prices are on the rise again and drivers can expect more increases to come after steep oil production cuts by OPEC+
How to take advantage of the new tax-free first home savings account
Jamie Golombek: Here’s what you need to know about Canada’s newest registered savings plan Published Apr 05, 2023 • 4 minute read The FHSA gives prospective first-time homebuyers the ability to contribute up to $40,000 and save on a tax-free basis towards the purchase of a first home in Canada. Photo by Getty Images/iStockphoto April… Continue reading How to take advantage of the new tax-free first home savings account
The 9 Best Materials Stocks to Buy Now
Materials stocks aren’t exactly glamorous in most years, but Wall Street’s experts expect some particularly dull results from the sector this year. That doesn’t mean there aren’t a few diamonds in the rough, however. We’ve recently sifted through the sector to find the brightest opportunities in the space – nine stocks that the pros believe… Continue reading The 9 Best Materials Stocks to Buy Now
Stock Market Today: Weak Economic Data Weighs on Stocks
Weakness in the tech sector and strength in healthcare stocks resulted in a mixed finish for the major indexes Wednesday. It’s already been a shaky week for stocks as recent economic data elevated worries about a potential recession this year. The latest signs of potential trouble came in the form of this morning’s jobs and… Continue reading Stock Market Today: Weak Economic Data Weighs on Stocks
Hedge fund billionaire Chase Coleman says buy mega-cap tech stocks as the sector is looking more attractive thanks to emerging areas like AI
Tiger Global founder Chase Coleman says to buy shares of mega-cap tech companies, per Bloomberg. The sector is attractive again, Coleman says, because of emerging tech like AI. The hedge fund was stung by 2022’s tech market rout, reportedly marking down $23 billion from its startup investments. Loading Something is loading. Thanks for signing up!… Continue reading Hedge fund billionaire Chase Coleman says buy mega-cap tech stocks as the sector is looking more attractive thanks to emerging areas like AI
US stocks end mixed as soft jobs data revives fears of a looming recession
Morgan Chittum Photo by TIMOTHY A. CLARY/AFP via Getty Images) US stocks were mixed on Wednesday as traders digested weak jobs data. The Nasdaq Composite fell 1% as traders retreated on recession fears. Gold traded near record highs at $2,049 per ounce. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading US stocks end mixed as soft jobs data revives fears of a looming recession
Commercial real estate loan defaults will rise in a credit crunch but a crisis like 2008 is unlikely, says UBS
Defaults on commercial real estate loans will likely rise from a potential credit crunch, says UBS Global Wealth Management. But stress on banks that service such loans appears to be manageable, the firm says. Data from Trepp shows the delinquency rate for loans in the office market climbed in March. Loading Something is loading. Thanks… Continue reading Commercial real estate loan defaults will rise in a credit crunch but a crisis like 2008 is unlikely, says UBS
Recent Post
