JPMorgan begins earnings season with bad news for investors
Profit declined 28% from a year earlier to $8.65 billion and the bank reported earnings of $2.76 per share versus the $2.88 expected by analysts....
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...
Cathie Wood: Recession Is Already Here; Deflation, Too
Investor Cathie Wood, chief executive of Ark Investment Management, on July 12 reiterated her view that we’re suffering from deflation, not inflation. And she said we’ve already...
Economist Roubini: Why Stocks Poised for 50% Wipeout
The stock market is off to its worst start to a year since 1970, with the S&P 500 dropping 21% in the first half of...
Pension Funds Plunge Into Riskier Bets—Just as Markets Are Struggling
U.S. public pension funds don’t have nearly enough money to pay for all their obligations to future retirees. A growing number are adopting a risky...
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...
Which Below $6 Crypto Is Worth Investing in for the Long Term? By CoinQuora
[ad_1] © Reuters. Which Below $6 Crypto Is Worth Investing in for the Long Term? The CEO of MicroStrategy Inc. said crypto represents a high-risk,...
King Gold Has Not Lost Its Head or Its Common Touch
Sometimes when I look at price charts, I’m reminded of poetry. Such was the case Friday as the August gold daily chart brought Rudyard Kipliing’s...
‘The economy is going to collapse,’ says Wall Street veteran Novogratz. ‘We are going to go into a really fast recession.’
Veteran investor and bitcoin bull Michael Novogratz doesn’t have a rosy outlook on the economy, which he described as headed for a substantial downturn, with...
U.S. inflation expected to keep running hot: Traders see 4 straight months of roughly 9% or higher CPI readings
Just a day after Federal Reserve policy makers delivered their biggest rate hike in 28 years, the U.S. inflation outlook continues to look dire in...