Consumers are looking for every possible way to save money after facing increased inflation and higher costs, as companies grapple with a rise in labor expenses and supply chain bottlenecks. Shoppers are also looking for ways to cut costs as their bills for groceries and gasoline have been rising steadily for several months. “Consumer discretionary… Continue reading How to Save Money as The Economy Rebounds
Stock Market Today: Tech Stocks Lag as Treasury Yields Keep Rising | Kiplinger
Stock Market Today The 10-year Treasury yield rose for a sixth straight day to hit a new three-year high.Tech stocks underperformed in today’s session, much as they’ve done over the last few months. The technology sector gave back 1.4% as the 10-year Treasury yield climbed 5.2 basis points (a basis point is one-one hundredth of… Continue reading Stock Market Today: Tech Stocks Lag as Treasury Yields Keep Rising | Kiplinger
US stocks trade mixed to close a losing week as 10-year Treasury yield hits fresh 3-year high
US stocks closed mixed Friday, as investors continued to digest hawkish Fed minutes. The 10-year Treasury yield hit a new 3-year high and stocks completed a losing week. Mohamed El-Erian said the Fed is facing big challenges as it pivots to more hawkish policy. Loading Something is loading. US stocks ended mixed on Friday to… Continue reading US stocks trade mixed to close a losing week as 10-year Treasury yield hits fresh 3-year high
The Fed isn’t navigating ‘just any rate hike cycle’ and reducing its balance sheet will have a massive impact, top economist Mohamed El-Erian says
The Federal Reserve is attempting to reduce its balance sheet while also hiking interest rates, and that could cause problems, says Mohamed El-Erian. The simultaneous moves could stir massive economic disruption, according to the top economist. “This is not just any rate-hiking cycle,” El-Erian warned. Loading Something is loading. The Federal Reserve is attempting to… Continue reading The Fed isn’t navigating ‘just any rate hike cycle’ and reducing its balance sheet will have a massive impact, top economist Mohamed El-Erian says
China’s yuan is replacing the dollar and euro in Russian bank accounts amid Western sanctions, report says
Russian banks say clients are opening more accounts in Chinese yuan instead of other currencies, Kommersant reported Friday. A March survey found that large Russian banks have seen a spike in funds being converted into yuan. One bank saw an eight-fold surge in the volume of funds on accounts in yuan, and another saw a… Continue reading China’s yuan is replacing the dollar and euro in Russian bank accounts amid Western sanctions, report says
Food price inflation will continue through 2023 and be passed on to consumers, making grocery chain Kroger’s a ‘buy’, Bank of America says
Kroger shares hit an all-time high Friday after Bank of America upgraded the grocer to a buy rating. The bank raised its price objective by 23% as it sees elevated levels of grocery inflation to continue at least through the first half of 2023. Kroger shares zipped past $62 a share in Friday trading. Loading… Continue reading Food price inflation will continue through 2023 and be passed on to consumers, making grocery chain Kroger’s a ‘buy’, Bank of America says
The FDIC is warning banks about crypto risk and wants firms to notify the regulator about their activities in the space
The FDIC in a letter to banks Thursday flagged risks surrounding crypto-related activity. The regulator wants banks to notify it of their current or planned crypto-related activities. The FDIC said it will consider the safety and soundness, financial stability, and consumer protection aspects of the banks’ crypto activities. Loading Something is loading. The Federal Deposit… Continue reading The FDIC is warning banks about crypto risk and wants firms to notify the regulator about their activities in the space
Capture Adventure This Summer with $30 Off the GoPro Hero10
Whether you’re headed to the beach, a tropical island, or off on a week-long adventure, this waterproof action camera is ideal for capturing what lies ahead. The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website. Summertime is all about… Continue reading Capture Adventure This Summer with $30 Off the GoPro Hero10
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