(Bloomberg) — The latest reading of the US labor market on Friday is expected to show job growth on more of the downward glide path sought by Federal Reserve policy makers in their fight to beat back inflation. Payrolls are projected to have risen about 200,000 in November, a second month of decelerating gains. Such […]
Read More(Bloomberg) — On the most optimistic corners of Wall Street, promising inflation data over the past week or so suggest the Federal Reserve may accomplish a soft landing after all. Yet no such belief prevails among the big money managers, who are betting that an economic downturn riddled with still-hot price pressures will define trading […]
Read More(Bloomberg) — The dollar has notched up its worst week since the early days of the Covid pandemic, but analysts think a long-running stampede for the greenback might not be over just yet. The Bloomberg Dollar Spot Index slumped around 3.5% this week, its biggest loss since March 2020. Investors had been trimming bets on […]
Read More(Bloomberg) — A strong dollar is likely to weigh negatively on the US economic outlook and could alter how high the Federal Reserve ultimately raises interest rates, economists surveyed by Bloomberg said. Nearly half of the economists said that international fallout from a strong dollar was either somewhat likely or very likely to spill back […]
Read More(Bloomberg) — Profits and losses aren’t usually thought of as a consideration for central banks, but rapidly mounting red ink at the Federal Reserve and many peers risks becoming more than just an accounting oddity. The bond market is enduring its worst selloff in a generation, triggered by high inflation and the aggressive interest-rate hikes […]
Read More(Bloomberg) — Since 1824, it’s sat at a quiet crossroads of American higher education, surrounded by richer, more prestigious institutions like Cornell University and Colgate University. Now, tiny Cazenovia College, in rural upstate New York, is fast becoming a case study for the financial pressures driving scores of small, not-so-famous colleges to the brink. At […]
Read More(Bloomberg) — One of Wall Street’s biggest bears is turning even more pessimistic on the outlook for US earnings against the backdrop of a slowdown in economic growth. Morgan Stanley strategist Michael J. Wilson cut his expectations for earnings-per-share growth for the year, saying that a slowing economy is now likely to be a bigger […]
Read More(Bloomberg) — Tesla Inc. investors have a lot to parse after the July 4 holiday: a disappointing quarter of deliveries, a record month of production, and now several weeks of downtime at multiple plants. The electric-car maker will halt most production on its Model Y assembly line in Shanghai for the first two weeks of […]
Read More(Bloomberg) — Cathie Wood says the massive inventories now held by US companies suggest that inflation will die down. “I’ve never seen inventory surges like this in my career and I’ve been around for a long time,” the head of Ark Investment Management said in an interview with Bloomberg Television Wednesday. “This inventory issue highlights […]
Read More(Bloomberg) — Oil prices are likely to extend gains as global crude stockpiles need to be rebuilt in the face of rebounding Chinese demand and reduced production from Russia, according to Goldman Sachs Group Inc. Brent crude will need to average $135 a barrel in the 12 months from July, up $10 from the bank’s […]
Read More(Bloomberg) — A top Goldman Sachs Group Inc. executive echoed Jamie Dimon’s pessimistic tone, warning of tougher times ahead amid a string of shocks rattling the global economy. “This is among — if not the most — complex, dynamic environments I’ve ever seen in my career,” Goldman President John Waldron said at an investor conference […]
Read More(Bloomberg) — Jamie Dimon warned investors to prepare for an economic “hurricane” as the economy struggles against an unprecedented combination of challenges, including tightening monetary policy and Russia’s invasion of Ukraine. “That hurricane is right out there down the road coming our way,” the JPMorgan Chase & Co. chief executive officer said at a conference […]
Read More(Bloomberg) — Calling the current environment a “crucible moment,” Sequoia Capital warned that the good times are not only over, there’s no indication when they’ll return. In a Zoom call earlier this month with the founders of its approximately 250 portfolio companies, the venture firm reviewed a 50-page presentation titled “Adapting to Endure,” according to […]
Read More2022 has meant a lot of uncertainty in the marketplace so far. Inflation, rising interest rates and war are just the biggest headlines that have kept the markets on edge, and that seem likely to keep uncertainty relatively high as we start to move into summer. While everybody wants to keep the good times rolling […]
Read More(Bloomberg) — Social media stocks are on course to shed more than $100 billion in market value after Snap Inc.’s profit warning, adding to woes for the sector which is already reeling amid stalling user growth and rate-hike fears. Shares in digital ad-dependent Snap are set for a record one-day drop, down 32% in premarket […]
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