Federal Reserve Gov. Michelle Bowman said she supports an aggressive series of interest-rate increases to try to tame inflation and eventually wants the central bank to stop intervening in the U.S. ho...
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The stock market’s big Tuesday bounce is likely to fizzle out: Capital Economics
It was Turnaround Tuesday for the stock market as investors returned from a three-day weekend following the S&P 500’s worst weekly tumble since 2020. Skeptics see a bear-market bounce that’s likel...
Is the U.S. stock market closed today? What investors need to know on Juneteenth.
U.S. stock and bond markets will be closed Monday, June 20, in observance of the Juneteenth holiday, which commemorates the end of slavery in America. Officially known as the Juneteenth National Indep...
Stocks are still too expensive and rising rates may shock financial system, Seth Klarman warns
Investment legend Seth Klarman went back to his roots at the Harvard Business School to declare that the stock market is still too pricey even with its slide this year. “You’ve got a stock market that...
25% of U.S. expats ‘seriously considering’ or ‘planning’ to renounce citizenship
While many taxpayers dread tax filing season, Americans living abroad face even bigger yearly burdens and those are so frustrating that some want to ditch their U.S. citizenship. Roughly 1 in 4 Americ...
Wall Street is officially in a bear market: What strategists say investors should do
The U.S. stock market met popular criteria for a bear market this week as the latest declines by the S&P 500 took the U.S. large-cap benchmark down by more than 20% from its record close in Januar...
Dow futures slump over 500 points as post-Fed meeting gains evaporate
U.S. stock index futures slumped early Thursday, as the gains seen after the Federal Reserve’s biggest interest rate hike since 1994 quickly faded. What’s happening Futures on the Dow Jones Industrial...
Why stocks and bonds went into relief-rally mode after Fed’s jumbo rate hike
Financial markets suffered an absolute bloodbath in the days leading up to Wednesday’s Federal Reserve decision, with stocks plunging and bond yields soaring in the wake of surprisingly hot inflation ...
Fed sees inflation topping 5% in 2022 and then falling rapidly due to higher rates
The Federal Reserve on Wednesday predicted U.S. inflation would exceed 5% by the end of 2022 — much higher than its most recent forecasts — underscoring its more aggressive strategy in raising interes...
Italian bond yields dive and euro climbs as ECB announces emergency meeting on market conditions
European bond yields fell and the region’s single currency climbed on Wednesday as the European Central Bank announced it would hold an emergency meeting to “discuss current market conditions.” The Go...
The investor who spotted Madoff’s fraud early has a whole new worry
Edward Thorp is an investing and mathematical legend — from spotting Bernie Madoff’s fraud as well as identifying Warren Buffett’s investing acumen early, to coming up with blackjack game theory. Of a...
Dow futures slump nearly 600 points as second day of selling in store after inflation shock
U.S. stock futures looked set to break below the lows of May, as financial markets continue to reel from a surprise acceleration in inflation just days ahead of a Federal Reserve interest-rate decisio...
Stanley Druckenmiller fears a recession but isn’t betting against stocks. Here’s why.
Sometimes, it’s hard getting workers of a certain generation to do much of anything at all. Here’s one: “Currently, I’m going in every day, and I’m looking at my screen, but I’m pretty much taking a b...
Here’s why the stock market gets ‘squirrelly’ when bond yields rise above 3%
Stock-market investors seem to get jittery when the 10-year Treasury yield is trading above 3%. A look at corporate and government debt levels explains why, according to one closely followed analyst. ...
Opinion: The Federal Reserve is shrinking its balance sheet under duress, which makes a soft landing nearly impossible
The Federal Reserve has begun to downsize its balance sheet. What does that mean for you? First, you must understand where the balance sheet’s expansion came from and why that policy was pursued. Then...
Why a top Wall Street quant sees S&P 500 taking back all its losses by yearend
JP Morgan’s Marko Kolanovic, one of the most closely followed quantitative analysts on Wall Street, augured in a note to clients on Wednesday that U.S. stocks could see a torrid rebound during the lat...
U.S. stocks end lower Tuesday as Biden, Powell meet on inflation; Dow, S&P eke out gains in May
U.S. stocks closed lower Tuesday, the final session of May, as Treasury yields pushed higher following last week’s equity market bounce after a historic string of weekly losses. The Dow Jones Industri...
Fed’s quantitative tightening is about to arrive: What that might mean for markets
The Federal Reserve’s almost $9 trillion portfolio is about to be reduced starting on Wednesday, in a process intended to supplement rate hikes and buttress the central bank’s fight against inflation....
Here’s the asset investors want if inflation stays high, says Deutsche Bank. And crypto isn’t even ‘on the radar’
Home is where the heart is, and the money, if inflationary trends don’t cool. That’s according to the latest Deutsche Bank survey of investors, who say that property will be their most preferred buy-a...
U.S. stock futures rise in holiday trade as Shanghai sets reopening plans
U.S. stock futures rose on Monday in light holiday volume, helped by plans from the world’s number-two economy to lift some restrictions as it fights COVID more aggressively than the rest of the world...
Stocks close sharply higher after inflation data; Dow snaps longest weekly losing streak since 1932
U.S. stocks ended sharply higher Friday, with all three major benchmarks booking weekly gains, after the Federal Reserve’s preferred measure of inflation for April had the smallest increase in a year ...
U.S. inflation rate slows to 6.3%, Fed-favored PCE gauge shows, in a sign that price pressures could be peaking
The numbers: A key measure of U.S. inflation rose just 0.2% in April to mark the smallest increase in a year and a half, aided by lower gasoline prices. There were additional hints that a surge in U.S...
‘Markets are imploding’ because the Fed isn’t doing its job, says billionaire investor Bill Ackman
“‘How does this downward market spiral end? It ends when the Fed puts a line in the sand on inflation and says it will do “whatever it takes.”’” — Bill Ackman, founder and CEO, Pershing Square Capital...
Opinion: The U.S. isn’t headed for recession. Nor will it be consumed by inflationary fires.
“Some say the world will end in fire,” goes a famous Robert Frost line. “And some say in ice.” If ever poetry could explain the stock market, this may come closest to capturing the sour mood that’s ab...
The technician who called the 2020 market bottom says a ‘shocking rally’ is in store
It’s been a terrible week in an awful year for the stock market. Walmart WMT, -0.82%, Target TGT, -0.62%, and Tencent 700, +3.53% each reported disappointing results to add fuel to the worries about i...
How retirement coaches are training people to make one of life’s trickiest transitions
Craig Bernhard worked his tail off for 43 years. Twenty-six of them were in the Air Force, which included time as a fighter pilot — F-106 Delta Darts and later the F-15 Eagle — and then 17 at Boeing C...
Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse
Wall Street’s in an unusually bullish mood Tuesday morning. Tim Holland, chief investment officer at Orion Advisor Solutions, argues the market has just notched two peaks. Last week, the Labor Departm...
The S&P 500 is on the brink of a bear market. Here’s the threshold.
The latest bull market for U.S. stocks remains on the brink of expiring, with the benchmark S&P 500 just shy of the threshold that marks bear territory. The S&P 500 SPX, -0.13% finished 0.1% l...
Here’s the comment from Powell that could make it hard for the Fed to slow down the pace of interest-rate hikes
The Friday before the Federal Reserve’s interest-rate decision will be most remembered for the surprise acceleration in consumer prices, which took inflation to a fresh 40-year high. But there was ano...