Amazon launches TikTok-style video and photo feed
[ad_1] Amazon.com Inc. has launched a feature in its app that will offer shoppers a TikTok-style feed of customized videos and photos, according to the Wall Street Journal. The Journal…
JPMorgan looks at an ‘Armageddon scenario’ of the Fed jacking rates up to 6.5%. Its conclusion may be a surprise.
[ad_1] The market’s expectation is that the Federal Reserve will keep lifting its policy interest rate until it brings it to 5%, before pausing for some time. But it’s possible…
‘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,…
The market is getting in the way of the Fed pivot the market so badly wants, say Bank of America strategists
[ad_1] There’s nothing financial markets want more than a pivot from the Federal Reserve in its interest-rate hike campaign. There’s one key problem — the market itself. That’s according to…
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…
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…
Junk-rated companies have ‘meaningful exposure’ to Fed rate hikes, with one part ‘the root cause’ of vulnerability, warns Deutsche Bank
[ad_1] Junk-rated companies in the U.S. have “meaningful exposure” to interest rate hikes by the Federal Reserve, raising concerns over defaults as a potential recession looms, according to Jim Reid,…
Lumen stock heads for worst year on record but is still overvalued, analyst says
[ad_1] Shares of Lumen Technologies Inc. have lost more than half their value this year and are headed for their worst yearly performance on record, but MoffettNathanson’s Nick Del Deo…
‘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…
Consumer sentiment hits lowest level since June as fear of recession looms
[ad_1] The numbers: Consumer sentiment soured in November, hitting its lowest level since July as Americans contended with continued inflation and a worsening economic outlook. The University of Michigan’s gauge…
Is the stock market open? Veterans Day is a regular day for stocks, but the bond market is closed
[ad_1] The U.S. stock market remains open Friday, Nov. 11, for Veterans Day, even through it counts as a holiday for the $53 trillion American bond market. That means a…
Midterm election results: Control of House and Senate too close to call
[ad_1] The battle to control the U.S. House and Senate remained too close to call on Wednesday morning, as Republican hopes for a strong red wave in the midterm elections…
Polls heading into midterms on Tuesday have some analysts talking about a ‘60-vote supermajority’ for Republicans after 2024
[ad_1] With the midterm elections just days away, there’s a new sign of Republican momentum: Analysts have been talking week about the GOP possibly controlling 60 seats in the Senate…
Hedge-fund giant Elliott warns looming hyperinflation could lead to ‘global societal collapse’
[ad_1] “Investors should not assume they have ‘seen everything.’ ” That’s executives at leading hedge-fund firm Elliott Management Corp. warning that the world is heading toward the worst financial crisis…
Fed warns of ‘low’ market liquidity in $24 trillion Treasury market, in latest financial stability report
[ad_1] The Federal Reserve on Friday confirmed what many investors were saying for some time: the $24 trillion Treasury market has been experiencing low levels of market liquidity in recent…
Midterm elections: Senate control may not be determined until December. Here’s why.
[ad_1] The midterm elections are now just days away, but it might take until December to find out if Democrats have kept their tenuous grip on the U.S. Senate. That’s…
Why the Dow is having a killer month as it heads for best October ever
[ad_1] The Dow Jones Industrial Average has been criticized by some market watchers for being a poor barometer of equity-market performance given its relatively small sample size of just 30…
‘We are facing a retirement crisis in our country,’ says head of TIAA, as ‘40% of Americans run the risk of running out of money’
[ad_1] “ ‘We are facing a retirement crisis in our country’” — Thasunda Brown Duckett, president and CEO of TIAA That’s CEO of TIAA Thasunda Brown Duckett, who oversees some…
Weber shareholder’s offer could herald more ‘IPO-take-private’ moves, says analyst
[ad_1] After the closing bell on Monday, Weber Inc.’s largest shareholder, BDT Capital Partners, made an offer to buy the outdoor grill maker’s remaining shares for $6.25 apiece. Weber’s WEBR,…