Matthew Fox Lucas Jackson/Reuters US stocks finished the week mostly lower as investors digest mixed inflation data.While the July CPI report came in lower than expected, the producer price index was higher than economist estimates.The conflicting data will serve as a major input into the Federal Reserve’s next interest rate decision. Loading Something is loading.… Continue reading US stocks finish the week mostly lower as July inflation data comes in mixed
The US housing market hits a record value of $47 trillion as the inventory shortage fuels a price boom
The US housing market just reached a new all-time high valuation of $47 trillion, Redfin reported. That surpassed the previous record of $46.6 trillion set a year earlier. Low inventory has pushed up home values, according to a Redfin analysis of 90 million US residences. Loading Something is loading. Thanks for signing up! Access your… Continue reading The US housing market hits a record value of $47 trillion as the inventory shortage fuels a price boom
Buy tech stocks now as solid 2nd-quarter earnings will power a 15% rally into year-end, Wedbush says
Investors should buy technology stocks ahead of a year-end rally, according to Wedbush’s Dan Ives.Ives said Friday that the combination of solid second-quarter earnings and a less hawkish Fed should boost stock prices.”With the Fed waving the white flag on rate hikes, we see a green light risk-on environment into year-end,” Ives said. Loading Something… Continue reading Buy tech stocks now as solid 2nd-quarter earnings will power a 15% rally into year-end, Wedbush says
These are the 5 most pressing questions about the bullish ‘resilience’ thesis of the stock market and the economy
Bearish sentiment has been subdued this year as the consumer and economy stay strong. Much of the bullish optimism towards a soft-landing scenario in the economy hinges on this continued resilience.These are the five most pressing questions investors should be asking about the sustainability of such resilience. Loading Something is loading. Thanks for signing up! Access… Continue reading These are the 5 most pressing questions about the bullish ‘resilience’ thesis of the stock market and the economy
Ex-Goldman CEO Lloyd Blankfein phoned his successor to complain after taking a $50 million hit on the bank’s stock – and even offered to rejoin the firm, report says
Goldman Sachs’ ex-CEO called up his successor to complain after taking a $50 million hit on the bank’s stock, The New York Times reported. Lloyd Blankfein offered to give more advice to David Solomon and floated a return to the firm, per The Times. The embattled Goldman chief declined to take Blankfein up on his… Continue reading Ex-Goldman CEO Lloyd Blankfein phoned his successor to complain after taking a $50 million hit on the bank’s stock – and even offered to rejoin the firm, report says
Tax system not built to keep up with inflation — and it’s hurting some Canadians more than others
Jamie Golombek: Not all taxes are indexed, creating distortions that magnify the effects of rising prices, C.D. Howe report says Published Aug 10, 2023 • Last updated 13 hours ago • 5 minute read Most (but not all) income tax and benefit amounts are indexed to inflation. Photo by Getty Images/iStockphoto Inflation has been on the… Continue reading Tax system not built to keep up with inflation — and it’s hurting some Canadians more than others
Stock Market Today: Stocks Notch Hard-Fought Win After July CPI Report
Stocks shot higher out of the gate Thursday as investors cheered the latest inflation data. However, the enthusiasm faded as the session wore on as market participants parsed some concerning jobs data, with the main benchmarks finishing far from where they started. Data from the Bureau of Labor Statistics showed that the July Consumer… Continue reading Stock Market Today: Stocks Notch Hard-Fought Win After July CPI Report
July CPI Report: What the Experts Are Saying About Inflation
A quirk in year-over-year comparisons caused headline inflation to accelerate for the first time in more than a year in July, but the underlying data once again showed that the pace of rising prices continues to ease, the Consumer Price Index (CPI) revealed Wednesday. The July inflation reading, which was largely in line with expectations,… Continue reading July CPI Report: What the Experts Are Saying About Inflation
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