Matthew Fox Spencer Platt/Getty Images US stocks surged on Friday after a solid jobs report showed nonfarm payrolls jumping 261,000 in October.The unemployment rate rose to 3.7%, but the jobs report was likely not weak enough to change the Fed’s interest rate hike plans.Stocks were also higher after new speculation that China would lift its… Continue reading Dow rises 403 points in volatile session as investors assess strong jobs report and path of rate hikes
A soft landing is a ‘very probable scenario,’ and Fed rate hikes to 5.25% would be a big overshoot, portfolio manager says
A soft landing is a “very probable scenario,” according to PGIM Fixed Income Senior Portfolio Manager Michael Collins. He told Bloomberg TV on Friday that GDP growth slowing to 0%-2% would be a good outcome and would leave rates closer to 4%. Meanwhile, investors are now expecting the Fed to raise interest rates to 5.25%… Continue reading A soft landing is a ‘very probable scenario,’ and Fed rate hikes to 5.25% would be a big overshoot, portfolio manager says
Billionaire investor Ron Baron outlines how Tesla could soar 570% over the next decade to a $4.5 trillion valuation
Tesla stock could soar 570% over the next decade to a $4.5 trillion valuation, according to billionaire investor Ron Baron.”But that’s not including robots, that’s not including autonomous vehicles, that’s not including batteries,” Baron said.Baron has been an investor in Tesla since 2014 and has a combined stake of about $4 billion. Loading Something is… Continue reading Billionaire investor Ron Baron outlines how Tesla could soar 570% over the next decade to a $4.5 trillion valuation
The super-charged dollar just saw its steepest drop in over 2 years as rumors swirl about China’s reopening
The US dollar index weakened about 1.3% on Friday as rumors about a China reopening circulated. In 2022, the US Dollar Index has climbed roughly 16% as the Federal Reserve tightens monetary policy. Should China ease its zero-COVID policies, its economy and energy demand would see a sharp rebound. Loading Something is loading. Thanks for… Continue reading The super-charged dollar just saw its steepest drop in over 2 years as rumors swirl about China’s reopening
The US has fallen into recession every time Philadelphia’s baseball team has won the World Series, dating back almost a century
Philadelphia’s baseball teams have a knack for winning the World Series around financial crises. Correlation doesn’t equal causation, but investors may be anxiously watching the next games. The Philadelphia Phillies trail the Houston Astros two games to three going into Saturday’s game. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading The US has fallen into recession every time Philadelphia’s baseball team has won the World Series, dating back almost a century
Five almost guarantees in the investing world other than boring GICs
Peter Hodson: A tax-loss sell is a guaranteed win A specialist trader works on the floor of the New York Stock Exchange. Photo by Brendan McDermid/Reuters files Guaranteed investment certificates (GICs) are amongst the only real guarantees in the investment world today. If you invest $100,000 or less, your money is fully guaranteed by the… Continue reading Five almost guarantees in the investing world other than boring GICs
How a little hustling on the side can help solve your budget woes as rates and inflation rise
The only limitation to the things you can do for a side hustle is your imagination A ‘Now hiring’ sign hangs near the entrance to a Fedex store in Miami Beach, Florida. Photo by Joe Raedle/Getty Images files Rather than perpetuating the doom and gloom in the news about rising interest rates and inflation, it… Continue reading How a little hustling on the side can help solve your budget woes as rates and inflation rise
Twitter sued for mass layoffs – Bloomberg News
This advertisement has not loaded yet, but your article continues below. Author of the article: Article content Twitter was sued over Elon Musk’s plan to lay off about half of its workforce, Bloomberg News reported on Friday, citing a class-action lawsuit filed in a San Francisco federal court. Twitter employees say the company is eliminating… Continue reading Twitter sued for mass layoffs – Bloomberg News
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