Morgan Stanley’s Mike Wilson issues correction warning
[ad_1] Morgan Stanley’s Mike Wilson is telling investors to brace for a winter downdraft. He warns S&P 500 is vulnerable to a 23% drop — bringing it to 3,000. “Even…
What a Santa Claus rally means for investors
[ad_1] Santa Claus looks on at the 98th Annual Christmas Tree lighting ceremony at the New York Stock Exchange on Dec. 1, 2021 in New York. Bryan R. Smith |…
Oil plunge, tech collapse and Fed cuts? Strategist shares possible 2023 market ‘surprises’
[ad_1] A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, August 29, 2022. Brendan McDermid | Reuters After a tumultuous year for…
Inflation boosts average household spending by $433 a month: Moody’s
[ad_1] People shop at a grocery store on June 10, 2022 in New York City. Spencer Platt | Getty Images The average American household is spending $433 more a month…
Under-the-radar trend shows tech investors loyal despite major losses
[ad_1] It appears most ETF investors aren’t cashing out of technology despite this year’s painful losses. The widely-held ARK Innovation ETF and the Technology Select Sector SPDR Fund, down 59% and…
Why to prepare your finances for recession despite strong GDP report
[ad_1] Dimitri Otis | Stone | Getty Images The U.S. economy grew in the third quarter, reversing a negative trend from the first half of the year — but weakness…
White House attacks ‘junk fees’ before Election Day
[ad_1] The White House is working to assure voters President Joe Biden is doing everything he can to lower the cost of living with just two weeks until Election Day…
How to reduce the impact of higher consumer prices due to inflation
[ad_1] Cavan Images | Cavan | Getty Images Inflation is causing American households to spend $445 more per month buying the same items they did a year ago, according to…
Here’s the inflation breakdown for September 2022 — in one chart
[ad_1] Inflation was a bit hotter than expected in September, with monthly gains fueled primarily by housing, food and medical care, the U.S. Bureau of Labor Statistics said Thursday. Inflation…
The job market is cooling but workers still have power, say economists
[ad_1] Hinterhaus Productions | Getty Images There are signs the hot job market is cooling — but workers still have bargaining power for now, according to labor economists. Job openings,…
‘The economy is braking hard,’ says billionaire Barry Sternlicht
[ad_1] The U.S. economy is teetering on the brink of a serious downturn if the Federal Reserve doesn’t pump the brakes on its rate hikes, billionaire CEO Barry Sternlicht said.…
4 big factors impacting markets and the economy right now
[ad_1] Avalon_studio | E+ | Getty Images HUNTINGTON BEACH, Calif. — There are four big trends impacting the economy and stock market right now, and uncertainty around each is creating…
Watch Fed Chair Jerome Powell speak live in Q&A at the Cato Institute
[ad_1] [The stream is slated to start at 9:10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome…
The Fed must do two things to re-establish credibility, Allianz’s El-Erian says
[ad_1] Although it has now established more consistent messaging to the market, the U.S. Federal Reserve needs to do two more things to re-establish its credibility, according to Mohamed El-Erian,…
Why a higher unemployment rate may be a good thing
[ad_1] Catherine Mcqueen | Moment | Getty Images Why the unemployment rate increased in August The unemployment rate increased by 0.2 percentage point from 3.5% in July — a level…