The American economy continues to look gloomy and signals pointing toward a looming recession continue to appear. In a note sent to clients this week, Goldman Sachs’ chief economist said the bank envi...
Tag: Economics
U.S. Stocks Poised for a Lower Open on Monday
U.S. stock markets are poised for a subdued open on Monday. Michael Nagle/Bloomberg Text size U.S. stocks are set for a lower open on Monday. On Sunday night, Dow Jones Industrial Average futures fell...
Inflation Isn’t Close to Peaking. Why Prices Will Keep Rising.
The producer price index showed surging prices for meat and fish categories, costs that tend to crop up in the grocery store. Here, a market in Monterey Park, Calif., on a recent day. Frederic J. BROW...
ECB to Cease Bond Purchases in Q3, Lagarde Says EU’s Economic Rebound ‘Crucially Depends on How the Conflict Evolves’ – Economics Bitcoin News
After the inflation rate in the eurozone reached a high of 7.5% in March, the European Central Bank (ECB) and the bank’s president Christine Lagarde explained on Thursday the central bank’s bond purch...
Inflation Rises Sharply in the US as Consumer Prices in March Spiked to 8.5% – Economics Bitcoin News
Inflation in the U.S. continues to remain red hot as consumer prices last month increased sharply to 8.5% in March compared to the same month last year. Metrics show the Bureau of Labor Statistics’ (B...
U.S. Stocks Poised to Open Slightly Higher on Monday
It will be an abbreviated trading week, with U.S. markets closed on Friday. ANGELA WEISS/AFP/Getty Images Text size U.S. stocks are set to open Monday slightly higher. On Sunday night, Dow Jones Indus...
Why P&G Just Gained a New Fan
Text size P&G’s products were popular earlier in the Covid-19 pandemic. Joe Raedle/Getty Images Investors have been wary of consumer staples stocks lately, given worries about high inflation...
Russia’s Central Bank Slashes Benchmark Rate, Pegs RUB to Gold — Ruble Rebounds to Pre-War Levels – Economics Bitcoin News
Amid the Ukraine-Russia conflict, the Russian ruble has managed to rebound despite the strict sanctions imposed against the Russian Federation. The country’s central bank has taken a few steps to prot...
Inflation Is Here to Stay. How to Adjust Your Portfolio.
Inflation is rampant and ubiquitous today, from the gas pump to the grocery store. The U.S. consumer price index has quadrupled in the past year, from a 1.7% annual rate in February 2021 to 7.9% this ...
Recession Warning Bells Are Ringing. These Banks Look Strong.
Text size Truist identified several banks that would likely be hurt less than their rivals in a mild recession. Dreamstime Concern that the economy could be about to shrink is growing, so bank analyst...
Why Was the Stock Market Down Today? A Fed Official’s Speech Tanked the Market.
Text size Federal Reserve Gov. Lael Brainard said she expects policy to return “to a more neutral position later this year.” Drew Angerer/Getty Images Tech stocks and bond markets both sold off on Tue...
China Revises Delisting Rule. But Investors May Want to Sell on the Rally.
Text size The probability of a mass delisting of Chinese stocks like Alibaba may have ticked lower with revised rules from China’s regulators. Greg Baker/AFP via Getty Images The probability of ...
Real Yields Show Where the Stock Market Is Really Headed
Text size No one knows if even an accelerated pace of rate increases is enough to eliminate inflation—or what it will do to stocks. Spencer Platt/Getty Images The stock market’s greatest fear is comin...
European Inflation Skyrockets to Record 7.5% — ECB Chief Lagarde Expects Energy Prices to ‘Stay Higher for Longer’ – Economics Bitcoin News
While inflation continues to roar in the U.S., the inflation rate in the eurozone tapped another high last month reaching 7.5% in March. Energy and food prices have soared throughout the 19 member sta...
Inverted Yield Curve Could Be Sending a Bogus Recession Warning
No topic has dominated the investment conversation lately as much as the yield curve. While it’s an arcane matter to most folks, we in the financial sphere have been thrown into a tizzy by this indica...
Vaneck Report Calculates Bitcoin Price Could Tap $4.8M if BTC Becomes the Global Reserve Currency – Economics Bitcoin News
On Thursday, the investment firm Vaneck published a blog post that calculates how much gold or bitcoin would be worth if the two assets became global reserve assets. Vaneck’s report explained that the...
US Bond Markets Signal Economic Downturn, Trend Forecaster Says if War Ensues ‘Odds of Recession Increase’ – Economics Bitcoin News
As Americans continue to deal with rising inflation, on Tuesday the spread between 2-year and 10-year Treasury yields inverted, signaling the U.S. economy may be headed for a recession. This week, a m...
Biden’s Wealth Tax Proposal Would Target More Than Billionaires
Text size President Joe Biden’s new budget proposal includes a wealth tax it says would target the top 0.01% of households. Anna Moneymaker/Getty Images About the author: Thomas Hoenig is a dist...
Ukraine’s Friends Refuse to Pay Russia Rubles for Gas. What Could Come Next.
The Kasimovskoye underground gas storage facility operated by Gazprom, in Kasimov, Russia. Andrey Rudakov/Bloomberg Text size Vladimir Putin was rash enough to invade Ukraine. Could he double his bet ...
The Fed Has Begun Raising Interest Rates. Here’s When It Will Start to Cut.
Text size The Fed is battling inflation. Gasoline prices are a big part of the problem. Joe Raedle/Getty Images Financial markets deserve their reputation for focusing on the future. Investors are loo...
Ukraine War Sends Inflation Soaring Across Europe
Flags of the European Union flutter in front of the headquarters of the European Central Bank (ECB) … [+] in Frankfurt am Main, western Germany, on March 12, 2020. – The ECB’s govern...
Biden Administration Lowballs Inflation Predictions, Report Says Americans Are ‘Fixated’ on Dollar Value – Economics Bitcoin News
As inflation continues to wreak havoc on American wallets, the U.S. dollar’s lack of purchasing power has been affecting nearly every U.S. resident’s spending decisions. On Monday, U.S. president Bide...
Defense Stocks Take a Hit on U.S. Defense Spending Request
Text size Defense stocks trade for about 18 times estimated 2022 earnings. Jose Luis Magana / AFP) Defense stocks are taking a small hit after details of the coming defense budget were released. On Mo...
Bank Earnings Are Coming. One Stock Analysts Like—and Another They Say to Sell.
Text size Analysts say Bank of America is positioned to do well in the current economy. Stephen Chernin/Getty Images With bank earnings coming in a few weeks, Bank of America is looking like a winner ...
Why a Yield Curve Inversion Might Actually Be Good News for Investors
Text size Dreamstime About the author: Ashwin Alankar is the head of Global Asset Allocation at Janus Henderson Investors. The recent trend by the market to frame new developments in a negative light ...