Brits are being hit by a wave of bad news
Pensioners protest over rising fuel prices at a demonstration outside Downing street called by The National Pensioners Convention and Fuel Poverty Action on February 7,...
Cash is king again as money managers are in no rush to embrace risk with Fed raising rates
Traders work on the floor of the New York Stock Exchange (NYSE) on October 07, 2022 in New York City. Spencer Platt | Getty Images...
Inflation is causing more Americans to fall behind on monthly bills
With prices rising nearly across the board, it’s getting harder to pay for basic necessities, causing some Americans to fall behind. To that point, 32%...
Paul Tudor Jones believes we are in or near a recession and history shows stocks have more to fall
Billionaire hedge fund manager Paul Tudor Jones believes the U.S. economy is either near or already in the middle of a recession as the Federal Reserve rushed...
Stubborn inflation forces more Americans to live paycheck to paycheck
Inflation is a persistent problem The consumer price index, which measures the average change in prices for consumer goods and services, rose a higher-than-expected 8.3% in...
Stanley Druckenmiller sees ‘hard landing’ in 2023 with a possible deeper recession than many expect
Billionaire investor Stanley Druckenmiller believes the Federal Reserve’s attempt to quickly unwind the excesses it helped build up for a decade with easy monetary policy will not...
Goldman cuts year-end S&P 500 target to 3,600, sees it falling even further in ‘hard landing’
Following the latest Federal Reserve meeting and interest rate hike, Goldman Sachs sees a higher path of rates going forward that will weigh on stocks...
Cathie Wood’s contrarian deflation call gets endorsements from Elon Musk, Jeffrey Gundlach
Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center...
Goldman Sachs to kick off Wall Street layoff season with hundreds of job cuts this month
Goldman Sachs is planning on cutting several hundred jobs this month, making it the first major Wall Street firm to take steps to rein in...
The Fed must do two things to re-establish credibility, Allianz’s El-Erian says
Although it has now established more consistent messaging to the market, the U.S. Federal Reserve needs to do two more things to re-establish its credibility,...