Traditional savings accounts are going up against stocks. And, the winner may be your neighborhood bank for the first time in years, according to Wall Street forecaster Jim Bianco. He contends rising ...
Tag: U.S. dollar
Fed is not your friend
As Wall Street gears up for key inflation data, Wells Fargo Securities’ Michael Schumacher believes one thing is clear: “The Fed is not your friend.” He warns Federal Reserve chair J...
Binance crypto exchange will suspend U.S. dollar transfers
Changpeng Zhao, billionaire and chief executive officer of Binance Holdings Ltd., speaks during a session at the Web Summit in Lisbon, Portugal, on Wednesday, Nov. 2, 2022. Zed Jameson | Bloomberg | G...
JPMorgan’s Kolanovic sees correction, hard landing
JPMorgan’s Marko Kolanovic is abstaining from the early 2023 rally. Instead, the Institutional Investor hall-of-famer is bracing for a 10% or more correction in the first half of this year, tell...
Travel abroad set for 2023 surge as Americans eye Asia, Europe trips
Mt. Fuji, Japan. Jirawat Plekhongthu / Eyeem | Eyeem | Getty Images Americans are poised to travel overseas in a big way in 2023. Households are continuing to unleash two or three years’ worth o...
Why investors may want to add retail ETFs to their cart
‘Tis the season for shopping — and maybe for some investors: ETFs. Despite consumer headwinds tied to the economic slowdown, Amplify ETFs’ Brian Giere sees opportunities in retail. “...
Oil Plunges To Lowest Level Since January—Here’s Why Experts Say Low Prices Won’t Last
Recession fears and a stronger U.S. Dollar both continued to weigh on oil prices. Hasan Jamali/Associated Press Oil prices continued to tank on Friday, posting a fourth straight week of declines and f...
Euro-dollar exchange rate yields steep discount for Americans
Mathieu Young/Getty Images Americans traveling to Europe can do so a bit more cheaply these days than in recent years. The U.S. dollar is trading at its highest level in roughly two decades relative t...
U.S. Dollar Hits Two Decade High: Here’s What That Means
Topline The U.S. dollar hit a two-decade high on Monday, responding to Federal Reserve Chairman Jerome Powell’s comments that the central bank will continue to tackle inflation “forcefully”—signaling ...
How U.S. Companies Suffer From A Strong Dollar
Dynamics of exchange rates with a strong dollar. Getty Images A strong dollar is great for businesses that import products or parts and a strong dollar is good for the international traveler. However,...
Market jump after Fed hike is ‘trap,’ Morgan Stanley warns investors
Morgan Stanley is urging investors to resist putting their money to work in stocks despite the market’s post-Fed-decision jump. Mike Wilson, the firm’s chief U.S. equity strategist and chi...
The cheapest and most expensive cities in Europe to visit this year
It may seem paradoxical, but a trip to Europe may be a way to save money on travel this year. Amid a global scramble to find ways to save money while traveling, hotel rates dropped in many European ci...
When to buy euros, other currency for a trip abroad
Glowimages | Glowimages | Getty Images It’s a good time to be an American traveling abroad. The value of the U.S. dollar has been at its strongest in years relative to many major global currenci...
Here’s what that means for travelers
A customer reaches down to pick up a bottle of water from a street vendor in Paris on June 17, 2022. Stefano Rellandini | Afp | Getty Images The value of the euro relative to the U.S. dollar has sunk ...
U.S. Dollar’s ‘Extreme’ Rally Threatens To Tank Stocks And Spark ‘Major’ Market Stress In Coming Weeks
Topline Despite soaring inflation pushing its buying power down domestically, the U.S. dollar has posted a staggering rally this year, and while that’s good news for Americans traveling abroad, ...
This type of ETF is seeing near-record inflows and pays dividends
It’s a type of ETF seeing near-record inflows. New data shows dividend exchange-traded funds totaled almost $50 billion in fresh money in the first half of 2022, according to Todd Rosenbluth of ...
How China And The U.S. Can Avoid A Financial Cold War
NEW YORK, NY – AUGUST 11: A leftover fallout shelter sign, one of hundreds in New York, is … [+] displayed on a building on August 11, 2017 in New York City. The signs signifying a protect...
Investor delivers new tech ‘bubble’ warning
The recent tech rally may be doomed. Money manager Dan Suzuki of Richard Bernstein Advisors warns the market is far from bottoming — and it’s a concept investors fail to grasp, particularly when...
Inflation and Fed sparking one way trip to market misery: Jim Bianco
Until inflation peaks and the Federal Reserve stops hiking rates, market forecaster Jim Bianco warns Wall Street is on a one way trip to misery. “The Fed only has one tool to bring in inflation ...
Fed’s inflation battle to worsen market turmoil: Canaccord’s Dwyer
Stocks may go into a deeper tailspin. Canaccord Genuity’s Tony Dwyer predicts 1980s-era interest rate hikes will exacerbate the turmoil and make a recession seem increasingly more likely. “...
Recession won’t strike stocks despite ugly market
While retail investors head for the exits as stock prices sharply fluctuate, Evercore ISI’s Julian Emanuel wants to put money to work. He calls the market environment very ugly, but he believes ...
Stephen Roach gives stagflation warning, calls peak inflation absurd
Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the U.S. is on a dangerous path that leads to higher prices coupled with slower growth. ̶...
Stagflation risk rises as the Federal Reserve tightens monetary policy
The Federal Reserve is hiking interest rates in an effort to defuse an explosive year of price inflation. But global forces could neutralize the effects of that tightening of monetary policy, and keep...
Trading the winners and losers from the dollar at two-year highs
Wall Street may be underestimating the dollar’s jump to two year highs. “With each passing day the dollar goes higher. That creates more of a headwind for the multinationals in the market ...
Market will break out of slump due to peaking inflation: Evercore ISI
The market slump may be in its final innings. According to Evercore ISI’s Julian Emanuel, stocks should start grinding higher due to peaking inflation. He cites a positive trend going back to th...
‘National Strategic Military Implications’—MIT Researcher Issues Surprise U.S. Bitcoin Warning Amid Crypto Price Crash
Bitcoin and cryptocurrencies have been thrust into the global limelight by Russia’s invasion of Ukraine—though the bitcoin price has failed to rally, triggering a serious Coinbase warning. Subsc...
Volatility to shock investors in messy market: BofA’s Subramanian says
Investors should proceed with caution, according to BofA Securities’ Savita Subramanian. Even though February kicked off on a strong note, she warned on CNBC’s “Fast Money” a m...