Stocks have approached the “no bid” situation seen in June, yet they could still rally to new highs by year-end, according to Fundstrat.The research firm pointed to plunging oil prices as yet another sign that inflation is “dropping like a rock.””Further declines in gasoline should also lower consumer inflation expectations,” Lee said. Loading Something is… Continue reading The stock market could still rally to new highs by the end of the year as plunging oil prices help tame inflation, Fundstrat’s Tom Lee says
Bridgewater, Renaissance and other top hedge funds bought nearly $1 billion of Warren Buffett’s Berkshire Hathaway in the 2nd quarter, report says
Hedge funds bought nearly $1 billion in Berkshire Hathaway stock in the second quarter, the Financial Times said. The funds include DE Shaw, Renaissance Technologies and Bridgewater Associates. Berkshire Hathaway has lost a modest 6% so far this year — far outperforming the S&P 500, which has tumbled 17%. Loading Something is loading. Top hedge… Continue reading Bridgewater, Renaissance and other top hedge funds bought nearly $1 billion of Warren Buffett’s Berkshire Hathaway in the 2nd quarter, report says
Wharton professor Jeremy Siegel says most inflation data is coming in below expectations and the Fed’s hawkish outlook is at odds with economic reality
Inflation is improving and the Fed’s hawkish view is at odds with the economy, Jeremy Siegel said. He noted that 26 of 27 inflation indicators have been below expectations in the last month. It could mean the Fed won’t have to raise rates as much as many observers are expecting. Loading Something is loading. Federal… Continue reading Wharton professor Jeremy Siegel says most inflation data is coming in below expectations and the Fed’s hawkish outlook is at odds with economic reality
The Best Labor Day Deals to Shop This Weekend
Whether you’re down at the shore, traveling for a long overdue vacation, chilling with family, or barbecuing with friends, there’s still holiday sales you can’t afford to miss. And we will be hard at work all weekend finding some of the steals of September. Even if you aren’t shopping for yourself, don’t miss out on… Continue reading The Best Labor Day Deals to Shop This Weekend
Your Extension of Time to File 2021 Taxes Is Running Out
The tax extension deadline is coming up. Typically it is due on October 15th, but this year it falls on a Saturday. That is good news for tax filers who will have until October 17, 2022, to file all of their paperwork. So, what do taxpayers need to do? In the video above, Lisa Greene-Lewis,… Continue reading Your Extension of Time to File 2021 Taxes Is Running Out
Stock Market Today: Nasdaq Falls for a Fifth Straight Day | Kiplinger
Stocks kicked off September on a choppy note, though two of the major market indexes managed to push higher in the final minutes of trading. Thursday’s early selling came courtesy of stronger-than-expected economic data that stoked worries the Federal Reserve will continue to be aggressive in raising rates and hold them higher for longer. Specifically,… Continue reading Stock Market Today: Nasdaq Falls for a Fifth Straight Day | Kiplinger
US stocks whipsaw in volatile session as the Dow and S&P 500 rebound to end 4-day slump
The Dow rebounded from nearly 300 points down to finish higher after a volatile session. Oil prices dropped more than 3% on downbeat economic data out of China. Meanwhile, the yen dropped to a 24-year low as the greenback strengthened. Loading Something is loading. The Dow rebounded from a nearly 300-point decline as the S&P… Continue reading US stocks whipsaw in volatile session as the Dow and S&P 500 rebound to end 4-day slump
The yen just hit a 24-year low against the dollar as economic data and expectations of continued Fed tightening push the greenback to rally
The yen dipped 0.75% to a 24-year low of 140 against the greenback on Thursday amid expectations of continued Fed tightening. Loose monetary policy in Japan has kept rates low while other central banks are hiking. The dollar has been on an impressive rally this year, causing the euro, the pound, the yuan, and other currencies… Continue reading The yen just hit a 24-year low against the dollar as economic data and expectations of continued Fed tightening push the greenback to rally
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