Investors are holding near-record levels of cash and may be poised to snap up stocks
Dollar banknotes.Simpleimages | Moment | Getty ImagesInvestor cash holdings are near record highs, and that could be good news for stocks since there is a wall of money ready to come right back into the market.But the question is this: Will those investors return any time soon, especially with sentiment still so sour and stocks […]
Inflation is expected to have declined in December
A woman shops in a supermarket as rising inflation affects consumer prices in Los Angeles, California, June 13, 2022.Lucy Nicholson | ReutersThe pace of consumer inflation is expected to have fallen slightly in December from the prior month because of a sharp drop in gasoline and energy prices, but the annual rate is still likely […]
The Theatre Bizarre Rolled Up Its 2023 Curtain to Perform to Wall Street
A broad spectrum of equities and currencies are still very much in the dark when it comes to their further net momentum. The initial and fair-minded examination of the circumstances may tell us that the borrowing cost agenda, that is basically represented by the collective expectations on the pace of interest rate adjustments, takes centre […]
December’s jobs report fuels optimism that the economy could still pull off a soft landing
A “Now hiring” sign is displayed on the window of an IN-N-OUT fast food restaurant in Encinitas, California, May 9, 2022.Mike Blake | ReutersDecember’s strong job growth combined with slowing wage inflation is fueling optimism that the economy might just see a soft landing.But economists disagree on whether that will be the case, given that […]
Job growth expected to have cooled in December but not enough to slow Fed rate hikes
The economy is expected to have added 200,000 jobs in December, less than November, but still strong enough to keep the Federal Reserve aggressively tightening policy to fight inflation.Economists surveyed by Dow Jones also expect that the unemployment rate remained at 3.7% in December, while average hourly wage growth slowed to 0.4% from 0.6% in […]
Why everyone thinks a recession is coming in 2023
People who lost their jobs wait in line to file for unemployment following an outbreak of the coronavirus disease (COVID-19), at an Arkansas Workforce Center in Fort Smith, Arkansas, U.S. April 6, 2020.Nick Oxford | File Photo | REUTERSRecessions often take everyone by surprise. There’s a very good chance the next one will not.Economists have […]
Under Armour, Micron Technology and more
Shoppers pass an Under Armour store in White Plains, New York.Scott Mlyn | CNBCCheck out the companies making headlines after the bell: Micron Technology — The semiconductor stock slumped about 2% in after-hours trading after earnings and revenue for its fiscal first quarter fell short of Wall Street’s expectations. Micron Technology also said it expects a […]