True inflation may have peaked in late 2022 — at 18% — and still hovers around 8%
“Consumer borrowing costs in the U.S. have skyrocketed, but the CPI doesn’t count this. ” There are widely divergent perspectives between Wall Street, where exuberance...
Lunar New Year 2024: What history says about stock market, gold in Year of the Dragon
The Year of the Dragon usually promises a tapestry of prosperity and strength for the U.S. stock market, suggesting the recent rally that has brought...
Activist investors’ sights set on corporate Europe after record year By Reuters
© Reuters. FILE PHOTO: A view shows skyscraper office properties at La Defense business and financial district near Paris, France, June 26, 2023. REUTERS/Stephanie Lecocq/File...
The Dominant Dollar Faces a Backlash in the Oil Market
Updated Dec. 28, 2023 12:00 am ET Some major emerging economies are dabbling in trading commodities without using the dollar, as they seek to reduce...
‘Daigou’ goes corporate as retailers seek new ways to reach Chinese shoppers By Reuters
© Reuters. FILE PHOTO: People walk on a street at a shopping area in Beijing, China April 11, 2023. REUTERS/Tingshu Wang/File photo By Casey Hall...
Citi set to split Mexico retail bank from corporate, investment unit by late 2024 By Reuters
© Reuters. FILE PHOTO: A Citi sign is seen at the Citigroup stall on the floor of the New York Stock Exchange, October 16, 2012....
Inflation is falling but interest rates are going to stay higher for longer. Way longer.
Even with the recent partial retreat in long-term real and nominal interest rates, they remain well above the ultra-low levels to which policymakers had grown...
American Borrowers Are Getting Closer to Maxing Out
A happy holiday shopping season might not end up being an especially cheery time for lenders. Card loans are still growing, on average rising 1.6%...
David Einhorn’s Greenlight Capital invests in gold
David Einhorn’s Greenlight Capital cut its stakes in its top two holdings, U.S. housebuilder Green Brick Partners and Pennsylvania coal miner Consol Energy , and...
Big Banks Cook Up New Way to Unload Risk
U.S. banks have found a new way to unload risk as they scramble to adapt to tighter regulations and rising interest rates. JPMorgan Chase, Morgan...