The past few years marked a wake-up call in Washington, with the pandemic and supply chain shortages, rising competition with China, the war in Ukraine, and, now, the specter of recession. Lawmakers are taking a more active role in the economy to bolster critical industries, key technologies, and infrastructure. It’s a sea change in policymaking… Continue reading Kiplinger’s Industrial Policy Report
Markets are premature in their optimism that wage inflation is fading, Barclays says
Market optimism that wage growth pressures are diminishing is premature, Barclays Investment Bank said Wednesday. Recent US data suggest earnings growth slowed in December from downwardly revised figures in November. But average hourly earnings numbers “are notoriously noisy,” Barclays said. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Markets are premature in their optimism that wage inflation is fading, Barclays says
Nasdaq logs its best win streak since September as stocks rise ahead of December inflation report
Matthew Fox Xinhua/Wang Ying/ Getty Images US stocks surged on Wednesday with the Nasdaq 100 notching its first four-day win streak since September.Investors are awaiting the release of the December CPI report on Thursday, with estimates of a 6.5% year-over-year rise.Bank earnings kick off the fourth-quarter reporting season this Friday. Loading Something is loading. Thanks… Continue reading Nasdaq logs its best win streak since September as stocks rise ahead of December inflation report
FTX creditors’ identities will remain under wraps, unlike names of equity holders like Tom Brady, Peter Thiel
A bankruptcy judge is allowing the identities of FTX creditors to remain sealed for at least three more months. “We’re talking about individuals here who are not present – individuals who may be at risk if their name and information is disclosed.” By contrast, the names of top FTX equity holders were revealed in a… Continue reading FTX creditors’ identities will remain under wraps, unlike names of equity holders like Tom Brady, Peter Thiel
Battered homebuilder stocks may be primed for a new rally as US mortgage rates look set to drop in 2023, Bank of America says
Bank of America sees homebuilding stocks pushing higher as housing market conditions improve after a rough 2022. PulteGroup, Lennar, and Toll Brothers were each upgraded, and NVR is the bank’s top 2023 pick in the sector. BofA sees the 30-year fixed-rate mortgage drifting down to about 5.25% this year. Loading Something is loading. Thanks for… Continue reading Battered homebuilder stocks may be primed for a new rally as US mortgage rates look set to drop in 2023, Bank of America says
Hedge funds are finally starting to believe in the stock market’s latest rally, but one analyst warns that any move higher will be fleeting
Hedge funds are starting to believe the latest rally in the stock market, according to Ned Davis Research.The research firm said asset managers have recently reduced their net short positioning.But Fairlead Strategies’ Katie Stockton said any rally will be fleeting as the S&P 500 faces tough resistance at 4,000. Loading Something is loading. Thanks for… Continue reading Hedge funds are finally starting to believe in the stock market’s latest rally, but one analyst warns that any move higher will be fleeting
Stock Market Today: Stocks Wobble Ahead of CPI, Q4 Earnings Season
Stocks struggled for direction Tuesday after an early morning speech from Fed Chair Jerome Powell failed to give any hints on the central bank’s plans for monetary policy moving forward. Instead, investors looked ahead to a pair of potentially market-moving events occurring later this week: Thursday’s release of the December consumer price index (CPI); and… Continue reading Stock Market Today: Stocks Wobble Ahead of CPI, Q4 Earnings Season
Is the Stock Market Open on Martin Luther King Day?
Is the stock market open on Martin Luther King Day? The answer to this question is no. The stock market will be closed Monday, Jan. 16, for MLK Day, as the holiday is also known. Martin Luther King Jr. Day became a federal holiday in 1983, when it was signed into law by then President… Continue reading Is the Stock Market Open on Martin Luther King Day?
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