Opinion: Opinion: More rotting assets are lurking in the shadows of the financial system
Like a lightning bolt that suddenly throws a landscape into sharp relief, higher interest rates have exposed where the financial system could buckle or break—but higher borrowing costs will last longer than a flash. The nonbank sector—made up of the thousands of private-equity funds, hedge funds, and insurance companies—now plays role the biggest banks used […]
Sam Bankman-Fried’s two anonymous sponsors put up $700,000 to get him out of jail
Sam Bankman-Fried was released on bond after two anonymous individuals put up a total of $700,000, according to court filings. Bankman-Fried, the disgraced former crypto mogul whose FTX exchange declared bankruptcy in November, has been under house arrest in his parents’ $4 million Palo Alto, Calif., home since last month. He was released from federal custody in […]
These money and investing tips can help you spot a bear in bull’s clothing
Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly!INVESTING NEWS & TRENDSDeferred annuities are better deals than immediate annuities A better way of securing a guaranteed lifetime income. Read More Any way you slice it, the bears control the stock market […]
Gold ticks higher, heading for 5th straight weekly advance
Gold ticked higher early Friday, with the yellow metal on track for a fifth straight weekly gain as investors monitor falling bond yields and fears of an economic downturn.Price action Gold for February delivery GC00, +0.10% GCG23, +0.10% rose $6, or 0.3%, to $1,930 an ounce on Comex, on track for a weekly rise of […]
Opinion: Opinion: More rotting assets are lurking in the shadows of the financial system
Like a lightning bolt that suddenly throws a landscape into sharp relief, higher interest rates have exposed where the financial system could buckle or break—but higher borrowing costs will last longer than a flash. The nonbank sector—made up of the thousands of private-equity funds, hedge funds, and insurance companies—now plays role the biggest banks used […]
‘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 […]
U.S. industrial output falls sharply in December, sparking talk of factory ‘recession’
The number: U.S. industrial production fell 0.7% in December, the Federal Reserve reported Wednesday. It is the biggest monthly decline since September 2021. The decline was steeper than economists expectations of a 0.1% decline, according to a survey by The Wall Street Journal. Output in November was revised down to a 0.6% drop, much worse […]