Martin Luther King Jr. Day: Is the stock market open on Monday?
[ad_1] U.S. stocks have gotten off to a solid start in 2023 thanks to cool inflation data and slower wage growth which investors hope will convince the Federal Reserve to…
Kevin McCarthy elected House speaker, narrowly prevailing in 15th round of voting
[ad_1] Top House Republican Kevin McCarthy succeeded early Saturday in his push to become his chamber’s next speaker, claiming the job after first falling short in well over a dozen…
Here are potential impacts of China’s reopening on markets, Goldman Sachs says
[ad_1] China, the world’s second-largest economy behind the U.S., is set to reopen in just a few days and one major Wall Street firm has boiled down the likely impact…
Credit Acceptance shares tumble 12% after regulators sue, claim illegal subprime auto lending practices
[ad_1] Shares of subprime auto giant Credit Acceptance Corp CACC, -11.61% tumbled about 12% on Wednesday after New York Attorney General Letitia James and a key U.S. consumer watchdog sued…
Is the U.S. stock market open the day after New Year’s?
[ad_1] Most investors were likely happy to see 2022 come to an end when the bell rang out the final trading session of the year on Friday. Stocks logged their…
Goldman sharpens knife on headcount, bonuses along with other big banks
[ad_1] Goldman Sachs Group Inc. will cut bonuses by about 40% in the deepest belt-tightening move among the big U.S. banks, The Wall Street Journal reported Thursday. Goldman Sach’s GS,…
Why billionaire investor David Tepper is ‘leaning short’ on the stock market right now
[ad_1] “‘I’m leaning short on the equity markets right now because I think the upside/downside just doesn’t make sense to me when I have so many…central banks telling me what…
Scott Minerd, prominent Guggenheim Partners money manager, dies unexpectedly of heart attack
[ad_1] Guggenheim Partners Global Chief Investment Officer Scott Minerd has died, the company announced in a press release issued Thursday. He was 63. The money manager was one of the…
Dow futures climb over 200 points after Wall Street snaps a losing run
[ad_1] U.S. stock futures advanced on Wednesday, with Wall Street poised to build on its climb out of a four-straight losing hole as the long Christmas weekend nears. Well-received results…
Are stocks cheap enough to buy? BlackRock says they are after a brutal 2022
[ad_1] BlackRock, the world’s largest asset manager, has been making a case that U.S. stocks look “cheap” heading into 2023, even if equities might still need to find a bottom…
Dow futures drop 300 points on investor angst over expected aggressive central bank action into 2023
[ad_1] U.S. stock futures pointed to sharp losses at the start of trading for Wall Street on Friday, amid investor expectations that central banks will continue to raise interest rates…
U.S. stock futures point to rough start as Powell hawkishness reverberates
[ad_1] U.S. stock futures on Thursday pointed to a second straight decline after the Federal Reserve opted to close out the year with a more aggressive posture than investors anticipated.…
How Fed’s interest-rate decision and dot plot would affect stock market
[ad_1] Investors have been anxiously awaiting the Federal Reserve’s policy decision due Wednesday afternoon as softer inflation data fuels expectations of a more moderate approach from the central bank on…
Investors won’t see relief until 2024 in the form of Fed rate cuts, warns Credit Suisse
[ad_1] Global central banks already managed to “pop some of the pandemic-inspired bubbles” this year by tightening monetary policy, but investors may need to wait until 2024 for relief in…
‘No cuts until 2024,’ says Goldman economist about Fed’s likely path on interest rates
[ad_1] Investors already fretting the Federal Reserve’s monetary tightening path should brace for interest rates to keep climbing through May 2023, and to forget about any rate cuts next year,…
A recession akin to 1969-1970 awaits U.S. next year, economist warns
[ad_1] Brace for a recession next year. That is the word of warning from S&P Global Ratings economist Beth Ann Bovino, in a post-Thanksgiving weekend report on Monday. “ ‘GDP…
Blackstone limits investor redemptions on $70 billion real-estate fund: shareholder letter
[ad_1] A mammoth $69 billion Blackstone BX, -7.09% real-estate fund has placed limits on investor redemptions after requests exceeded the fund’s monthly and quarterly limits, according to a Dec. 1…
Bitcoin dips below $17,000 ahead of October jobs data
[ad_1] After a short rally above $17,000, bitcoin BTCUSD, -0.09% has dipped to $16,959.93, a change of -0.70% over the past 24 hours, according to CoinDesk. “Right now it is…
Congress looks on track to avert rail strike
[ad_1] Top U.S. lawmakers on Tuesday indicated that Congress would intervene and block a railroad strike, with their comments coming a day after President Joe Biden called on the House…
‘I believe the economy is the biggest bubble in world history,’ says ‘Rich Dad, Poor Dad’s Robert Kiyosaki: ‘God have mercy on us all’
[ad_1] “‘Please DO NOT listen to what I’m going to say next: “I would get out of paper assets.” The world economy is not a “Market.” I believe the economy…
Apple faces more iPhone supply woes on Foxconn unrest
[ad_1] Wedbush Securities said Friday that iPhone shortages have gotten worse in the past week, even as protests continue at Foxconn, which builds the smart phones for for Apple Inc.…
Is the stock market open on Black Friday? Here’s the post-Thanksgiving trading schedule.
[ad_1] Investors will see a shortened session Friday to end a holiday-abbreviated week on Wall Street. U.S. stock exchanges were closed for Thanksgiving Day on Thursday, and reopen only for…
Fed eyes slower rate hikes as recession threat grows
[ad_1] Senior officials at the Federal Reserve expect smaller increases in interest rates will “soon be appropriate” as the threat of recession grows. Although the Fed still expects rates to…
‘We’ve only just begun to see the layoffs and squeezes on profit margins,’ warns Wells Fargo strategist
[ad_1] The latest rally in U.S. stocks following signs of cooling inflation isn’t likely sustainable, warned Scott Wren, senior global market strategist at the Wells Fargo Investment Institute. Instead, Wren…
FTX’s Chapter 11 bankruptcy unlikely to cause financial-market contagion, Citi says
[ad_1] The swift unraveling of cryptocurrency exchange FTX, which culminated in a Chapter 11 bankruptcy announcement on Friday, is raising questions about whether it might produce a spillover into broader…