‘Overbought and overpriced.’ Why this investor sees a bubble popping for this popular group of stocks
Investors wouldn’t be blamed for sizing up the first losing week in three for the S&P 500 and decide to start the weekend early. And stock futures are just barely positive.Who can blame them after the mixed bag of data this week that has reigniting worries in some corners about whether the Fed could push […]
Bad omen? Americans ate out less over the holiday season.
What’s one of the first things people do when they get worried about the economy? They cook more at home and eat out less. That’s what happened toward the end of 2022. Sales at bars and restaurants fell in both November and December — the first back-to-back monthly declines in almost a year. Receipts at […]
Fed’s Bullard doesn’t want to ‘stall’ on getting interest rates over 5%
The Federal Reserve should not “stall” on raising its benchmark rates until they are above 5%, said St. Louis Fed President James Bullard, on Wednesday. “I like the front-loading story,” Bullard said in an interview with the Wall Street Journal that was streamed live . The Fed should move as rapidly as it can to […]
The 1980s was the blueprint for the upcoming disinflation cycle and these are the stocks for it, strategists say
Stocks are setting up for a third straight losing session after data sparked fears that the economy is losing steam, while the Fed pushes on with interest rate hikes. Or as CNBC commentator Ron Insana put it:On that front, our call of the day from Jefferies tackles that idea. “Disinflation is a key assumption for […]
Afraid of a recession and not ready to retire? Do this.
With talks of company layoffs and a possible recession, it’s prudent for older Americans who aren’t quite ready to retire to have a backup plan. Retirement Tip of the Week: Look over your resume, go through your list of contacts, brush up on any skills you need for your job and pretend you’re applying for […]
Citigroup’s Jane Fraser is fine with remote work — as long as employees stay productive
Shape up or ship into the office. That was essentially the message Citigroup Inc. Chief Executive Jane Fraser had Tuesday for employees who slack off while working from home. While Citigroup C, -1.75% has been an outlier among Wall Street banks, offering a more flexible hybrid work schedule than most of its peers, that flexibility […]
Premarket stocks: The world has a major debt problem. Is a reset coming?
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — The world is in debt. A record amount of debt. Three hundred trillion dollars, […]
Big Banks Might Face Breakup, Top Regulator Says
PoliticsActing Comptroller of the Currency says size and complexity can make banks too big to manage Source link
Treasury yields fall after BOJ keeps ultra-loose monetary policy
Treasury yields slipped after the Bank of Japan maintained its ultra-loose monetary policy late Tuesday and as traders eyed a batch of U.S. economic updates due Wednesday.What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.160% slipped by 2.6 basis points to 4.186%. The yield on the 10-year Treasury TMUBMUSD10Y, 3.459% retreated 6.4 basis points […]
My stepbrother helped me get started in tech. I allowed him to live in my late’s father’s home. He told me, ‘Your dad wanted me to live here.’ What do I owe him?
My father dated someone when I was in early grade school, and mentored one of her sons, becoming the father figure he never had. For simplicity, I’ll refer to him as a stepbrother. I was about eight years younger, and my stepbrother helped me with some key decisions after I graduated. One key piece of […]