Bank of America, Disney, and Uber All Look Like Bargains
[ad_1] The 2022 selloff in the stock market has taken a bullish turn of late, with major indexes up by double digits from their June...
Toronto Stocks Inch Higher; Colliers Rises on 2Q Beat, Improved Outlook
[ad_1] By Adriano Marchese Stocks in Canada were mildly higher Wednesday mid-trading. In the session, the Canadian energy and materials sectors posted the largest declines...
‘Savings are gonna run out’: Already battered by high inflation, Fed’s rate hike will hit lower-income and rural Americans hard
The Federal Reserve hiked its benchmark rate by 0.75 percentage points on Wednesday in an effort to temper the rising costs of consumer goods and...
Fed’s Waller says CPI was ‘major league disappointment,’ leaves door open for 100 basis move
Federal Reserve Governor Christopher Waller on Thursday said he supports a 0.75 percentage point interest rate hike in July, but he left the door open...
When will inflation peak? Consumers and economists see light at the end of the tunnel (it’s a long tunnel)
Consumers think inflation still has to boil over before it cools, according to the Federal Reserve Bank of New York’s latest read on people’s economic...
Inflation is ‘just too high and doesn’t seem to be coming down’: Fed’s Waller backs big interest-rate hikes
Federal Reserve Gov. Christopher Waller on Thursday said he backs big increases in a key U.S. interest rate over the next several months to drive...
Larry Summers Nailed Inflation. But Is He Right on What Comes Next?
In February 2021, Larry Summers was right and I was wrong. The former Treasury secretary warned that President Biden’s stimulus package was far too large...
Opinion: Jerome Powell is the worst Federal Reserve policy maker in my lifetime
In the history of the Federal Reserve, the most revered chairmen are William McChesney Martin, Paul Volcker and Alan Greenspan. All gained their reputation by...
The Fed Gives Banks a Clean Bill of Health. The Stock Market Hasn’t.
The biggest commercial banks survived in the Federal Reserve’s nightmare hypothetical scenario of an economic collapse. A real-world test is coming. To be sure, if...
Crypto exchange BlockFi secures $250M credit from FTX amid bear market By Cointelegraph
[ad_1] Crypto exchange BlockFi secures $250M credit from FTX amid bear market BlockFi, a cryptocurrency exchange and digital wallet service provider, has secured a $250...