(Bloomberg) — Goldman Sachs Group Inc. Chief Executive Officer David Solomon said clients are preparing for slowing growth and a decline in asset prices — all as “extremely punitive” inflation creates a tax on the economy. “There’s a chance of recession,” he said in a telephone interview. While he added that he’s not overly concerned […]
Read More(Bloomberg) — Federal Reserve Chair Jerome Powell said no one should doubt the US central bank’s resolve to curb the highest inflation in decades, including pushing rates into restrictive territory if needed. “What we need to see is inflation coming down in a clear and convincing way and we’re going to keep pushing until we […]
Read More(Bloomberg) — Verizon Communications Inc. will raise prices on its wireless bills for the first time in two years as the largest US wireless carrier grapples with higher costs. Millions of consumers will see a $1.35 increase in administrative charges for each voice line starting in their June phone bill. And business customers will see […]
Read More(Bloomberg) — Bond markets could be in for something of a rebound after their record plummet, with investors looking for signs that U.S. inflationary pressures have touched their peak. Global bonds have racked up a record straight nine months of losses, with April being the worst ever, according to data stretching back to 1990. But […]
Read MoreThrough most of the past two years, one of the surprising stories is the way that a lot of traditional, brick-and-mortar retail companies found creative ways to shift their operations to work in a COVID-restricted world. Along with unprecedented stimulus like extended unemployment benefits that shielded a lot of Americans from the worst economic impacts […]
Read More(Bloomberg) — As war broke out in Europe and U.S. inflation soared, Berkshire Hathaway Inc.’s Warren Buffett was doubling down on a tried-and-trusted strategy to navigate the fallout. The billionaire investor went on his biggest stock buying spree for at least a decade, undeterred by the geopolitical turmoil and fears of runaway inflation. He and […]
Read More(Bloomberg) — Jerome Powell doesn’t like to bless bets in financial markets, but he could shift the needle this week on how high investors expect the Federal Reserve to raise interest rates to cool overheated prices. The Fed chair and his colleagues want to lift rates expeditiously to a neutral level this year that neither […]
Read More(Bloomberg) — Investors plagued by fear and shunning stocks are rediscovering a time-honored antidote: U.S. government bonds. That may seem surprising, given that the Treasury market has been battered by its worst losses on record this year. But with yields holding at the highest in years, the Federal Reserve on course to raise interest rates […]
Read More(Bloomberg) — U.K. manufacturers raised prices at the fastest pace in more than four decades in a bid to cover soaring raw material and energy costs, and a further acceleration is expected, according to the Confederation of British Industry. In its first quarterly survey of the sector since Russia invaded Ukraine, the CBI found companies […]
Read MoreSometimes, answering the question of whether a stock represents a legitimate, attractive value opportunity can be hard to do. A company could be struggling not only to grow its business, but may be forced to restructure its business in a way that makes most of the traditional measurables investors like to use look very unfavorable. […]
Read More(Bloomberg) — Brazilian traders know inflation. After decades of dealing with wild bouts of it, they consider themselves experts on the topic. Their American counterparts, they say, got complacent. Years of subdued inflation in the U.S. have lulled them into a false sense of security, as the Brazilians see it. This in turn, the argument […]
Read More(Bloomberg) — U.S. consumer prices rose in March by the most since late 1981, bolstering expectations that the Federal Reserve will raise interest rates by half a point next month. The consumer price index increased 8.5% from a year earlier following a 7.9% annual gain in February, Labor Department data showed Tuesday. The widely followed […]
Read More(Bloomberg) — Rising food prices and turbulent global commodities markets are fueling a surge in wealth for the billionaire family behind America’s largest closely held company. Three more members of the Cargill family — siblings James Cargill, Austen Cargill and Marianne Liebmann — have joined the ranks of the world’s 500 richest people thanks to […]
Read More(Bloomberg) — Two crops dominate U.S. farming: corn and soybeans. The former requires massive amounts of fertilizer. The latter requires very little. Which is why the astronomical surge in fertilizer prices — they’re up some 27% this year and 130% over the past year — is causing farmers to quickly re-calibrate the amount of each […]
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