US stocks closed higher Thursday but gave up their biggest gains as traders assess July CPI data. Inflation last month came in at 3.2%, higher than June but lower than what was expected. Markets are deciding if it was enough to warrant a full pivot by the Fed away from tight monetary policy. Loading Something… Continue reading US stocks whipsaw but close higher as Wall Street mulls Fed outlook after July CPI
The Fed may be done hiking rates but there’s another policy move that still poses a big risk to stocks
The Fed may be nearing the end of its rate hikes but its balance sheet reduction plans still pose a big risk to stocks. The Fed has reduced its balance sheet by $900 billion over the past year and is showing no signs of stopping.”Risk assets love liquidity. Continued draining of liquidity presents a risk for… Continue reading The Fed may be done hiking rates but there’s another policy move that still poses a big risk to stocks
Russia’s economy takes a hit as its current-account surplus crashes 85% compared to last year
Russia’s current account surplus dropped 85% from January to July 2023 compared to the same stretch last year. That surplus reached a record high in 2022 as oil and gas exports boomed amid war in Ukraine. Now, however, those energy exports have slumped and Russia is struggling to maintain its energy trade. Loading Something is… Continue reading Russia’s economy takes a hit as its current-account surplus crashes 85% compared to last year
Disney just hiked streaming prices by almost 30% and Wall Street is thrilled
Disney announced higher prices for its streaming services, and Wall Street is loving it.The entertainment company hiked prices for Disney+, Hulu, and ESPN by almost 30%.Here’s what Wall Street is saying about Disney’s price hikes and 3rd-quarter earnings results. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Disney just hiked streaming prices by almost 30% and Wall Street is thrilled
Massive home-price appreciation might be the secret to keeping consumers afloat as savings dry up
Homeowners’ equity is the highest it’s been in 25 years, which could provide a cushion as consumer savings dwindle. Wells Fargo economists say that huge price appreciation means homeowners have a lifeline they can tap. Soaring home prices looks like an “underappreciated tailwind” for consumers, they said. Loading Something is loading. Thanks for signing up!… Continue reading Massive home-price appreciation might be the secret to keeping consumers afloat as savings dry up
Stock Market Today: Stocks Drop Ahead of CPI, WeWork Tanks on Bankruptcy Concerns
Stocks closed lower again Wednesday as investors took in the latest round of corporate earnings reports and looked ahead to tomorrow’s key inflation update. Another day of notable losses for several tech- and tech-adjacent stocks didn’t help matters, with the Nasdaq Composite extending its outsized August decline. With little in the way of economic… Continue reading Stock Market Today: Stocks Drop Ahead of CPI, WeWork Tanks on Bankruptcy Concerns
What Are Dividend Stocks?
Investors have many choices these days to create income in their portfolios. One way to do so is to buy dividend stocks, especially from companies that increase their payouts over time. But what are dividend stocks? “Dividend income is often overlooked amid gyrations in the stock market,” writes John Eade, president and director of Portfolio… Continue reading What Are Dividend Stocks?
What Is the Federal Funds Rate?
If you’ve been paying attention to chatter about rising interest rates, you’ve probably come across the term “federal funds rate” – or just “fed funds rate” for short. But what exactly is the federal funds rate, and why does it matter? The factors behind this key interest rate can be confusing, but the simplest way… Continue reading What Is the Federal Funds Rate?
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