But something strange happens during this ascent. The dollar is currently appreciating more against the currencies of rich economies than it is against those of emerging markets. Investors looking for a good return on government debt often look to high-risk developing countries because they pay high interest rates. When the Federal Reserve raises interest rates, … Read more
Nothing stops Volkswagen (VLKAF) . Not Russia’s energy war against the European Union. Moscow decided to cut off gas supplies to Europe ahead of the cold autumn and winter months due to the countries’ support for Ukraine, which Moscow invaded on February 24. This energy crisis will undoubtedly cause household electricity bills to soar, which … Read more
But with new iPhones will be unveiled on WednesdayWill expectations of strong holiday sales – and all the subscription revenue that comes with it – be enough to turn Apple’s stock from red to green? Apple (AAPL) had some recent momentum. Shares are up more than 7% in the past three months. It should also … Read more
U.S. stocks rallied on Friday after data showed the U.S. economy added more than 300,000 jobs last month, perfectly in line with investor expectations. How Stocks Trade The Dow Jones Industrial Average DJIA, +0.52% advanced 332 points, or 1.1%, to 31,999. The S&P 500 SPX, +0.53% rose 45 points, or 1.2%, to 4,015. The Nasdaq … Read more
A ‘superbubble’ appears dangerously close to its ‘final act’ after the recent rally in US equities drew some investors into the market ahead of a potential ‘tragedy’, according to legendary company co-founder Jeremy Grantham. Boston-based investment. GMOs. Grantham, who has repeatedly warned investors of a market bubble, said in a paper Wednesday that “superbubbles are … Read more
A ‘superbubble’ appears dangerously close to its ‘final act’ after the recent rally in US equities drew some investors into the market ahead of a potential ‘tragedy’, according to legendary company co-founder Jeremy Grantham. Boston-based investment. GMOs. Grantham, who has repeatedly warned investors of a market bubble, said in a paper Wednesday that “superbubbles are … Read more
The U.S. stock market’s summertime rally from year-to-date lows seen in June came to a halt in August, leaving major indexes with monthly losses as investors braced for the start of a traditionally unpleasant month for bulls scholarship holders. Since 1950, September has been the worst performing month of the year for the Dow Jones … Read more
Financial market investors fear the United States is on the brink of an economic slowdown as central bankers in Jackson Hole reaffirmed their determination to raise interest rates to tame inflation. Steve Hanke, a professor of applied economics at Johns Hopkins University, said he believes the United States is heading into a recession next year, … Read more
Now might be a good time to consider hiding in short-term Treasuries or corporate bonds and other defensive parts of the stock market. On Friday, Federal Reserve Chairman Jerome Powell spoke of a willingness to inflict “a bit of pain” on households and businesses in an unusually blunt speech from Jackson Hole that hinted at … Read more
“ “The Fed is positioned as well as it can be – given the credibility losses and mistakes that have been made – with these remarks to handle things going forward.” ” —Larry Summers On Friday, former US Treasury Secretary Lawrence Summers praised the Federal Reserve, saying Fed Chief Jerome Powell’s latest pledge to contain … Read more
