The Fed is right to move quickly in raising rates but should pause after this year, BlackRock said Friday. The Fed risks overdoing its tightening and unraveling economic progress since the pandemic. The Fed is expected to raise rates in September by at least 0.5% and as much as 0.75%. Loading Something is loading. BlackRock,… Continue reading The Fed should go on vacation after this year’s rate hikes to avoid the risk of overdoing its tightening efforts, BlackRock says
Saudi Arabia’s game is simple: keep oil prices high as threats to its revenue loom, analysts say
Saudi Arabia’s recent warning that OPEC+ could cut production sparked a rally in oil prices. Analysts say Saudi Arabia’s game is simple: keep oil prices high so the kingdom can capture as much revenue as it can. “More market uncertainty has boosted prices, which is exactly what Saudi Arabia is looking to do,” said Morningstar’s… Continue reading Saudi Arabia’s game is simple: keep oil prices high as threats to its revenue loom, analysts say
Goldman Sachs: These are the 17 ‘smart money’ stocks most loved by hedge funds right now — a group that’s historically beaten the S&P 500
US Markets Loading… H M S Premium JOHANNES EISELE/AFP via Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Hedge funds are pivoting back to growth stocks, according to a note from Goldman Sachs. Below is a list of the stocks most frequently found in the top… Continue reading Goldman Sachs: These are the 17 ‘smart money’ stocks most loved by hedge funds right now — a group that’s historically beaten the S&P 500
Nobel laureate Paul Krugman shoots down claims that Biden’s student-debt relief plan will fuel inflation
Paul Krugman rejected claims that President Biden’s student-debt relief plan could fuel inflation. The economist noted the program is small and will be more than offset by loan payments restarting. The Nobel laureate also questioned how the plan could trump the Fed’s efforts to curb inflation. Loading Something is loading. President Biden’s plan to forgive… Continue reading Nobel laureate Paul Krugman shoots down claims that Biden’s student-debt relief plan will fuel inflation
Wall Street predicted Russia’s economy would collapse after it invaded Ukraine. These 3 charts show that hasn’t happened.
Top investment banks expected Russia to suffer severe economic damage after it invaded Ukraine in February. But Russia’s economy has held up better than expected, causing them to revise those predictions. Here are three charts that show the Russian economy’s resilience in the six months since war started. Loading Something is loading. When President Vladimir… Continue reading Wall Street predicted Russia’s economy would collapse after it invaded Ukraine. These 3 charts show that hasn’t happened.
Stocks sink into U.S. close after Powell signals higher interest rates for longer
S&P 500 had its worst day since mid-June and the Nasdaq 100 tumbled over 4% Author of the article: Bloomberg News Rita Nazareth Publishing date: Aug 26, 2022 • 1 day ago • 3 minute read • 8 Comments U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference in Washington, DC. Photo by… Continue reading Stocks sink into U.S. close after Powell signals higher interest rates for longer
The Best Online Brokers and Trading Platforms, 2022 | Kiplinger
It is understandable if you are paying less attention to your brokerage account these days, given the current market malaise. But the recent slide in stock and bond prices may rep-resent a “generational investment opportunity,” Ron Baron, a manager of several Baron funds and founder of Baron Capital, recently wrote in a letter to shareholders. … Continue reading The Best Online Brokers and Trading Platforms, 2022 | Kiplinger
Retail investors are incurring billions in hidden costs using ‘free’ brokerages, study says
Free brokerages are still costing retail investors billions, but not due to the controversial PFOF practice. Rather, hidden costs come from differences in price improvement among brokerages, a new study finds. That can cause billions in losses annually among all retail investors, the study’s authors said. Loading Something is loading. Zero-commission trading apps may have… Continue reading Retail investors are incurring billions in hidden costs using ‘free’ brokerages, study says
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