GLOBAL MARKETS-Asia shares welcome China back, ready for rate hikes
Asian stocks rallied Monday in a week in which interest rates in Europe and the United States are sure to rise, along with US […]
Wall Street
The market now is starting to look like it did in 2021
Tech is up Friday, and that continues a trend for 2023. What’s old is new. It’s been an eventful week, with the S&P 500 down […]
Despite inflation declines, rates need to be sufficiently restrictive, says Fed's Brainard – CNBC Television
Despite falling inflation, rates should be sufficiently restrictive, says Fed’s BrainardCNBC television China’s reopening will be an inflationary event, suggests Short Hills Capital’s Steve WeissCNBC […]
Investors are holding near-record levels of cash and may be poised to snap up stocks
Dollar bills. Simple Images | Even | Getty Images Investors’ cash positions are near record highs, and that could be good news for stocks, as […]
Morgan Stanley CEO Gorman says deal activity will return once the Fed pauses
Morgan Stanley Chairman and Chief Executive James Gorman speaks at the annual meeting of the Institute of International Finance in Washington, October 10, 2014. Joshua […]
Eric Adams pitches $102.7B NYC budget — without money for migrants
Mayor Eric Adams unveiled a record $102.7 billion budget on Thursday that would increase planned city spending nearly 1.6% — not counting the estimated $1 […]
Morgan Stanley’s Mike Wilson issues correction warning
Morgan Stanley’s Mike Wilson tells investors to brace for a winter downdraft. He warns S&P 500 is vulnerable to a 23% drop – bringing it […]
up to 3,200 employees laid off this week
Goldman Sachs is laying off fewer workers than feared, but the cuts are still deep. The global investment bank is letting as many as 3,200 […]
Wall Street, European stock markets close 2022 with big losses
Wall Street suffered its worst performance in 14 years, while European stock markets closed with losses on Friday as stock markets there recorded their worst […]
Wall Street giants step up their challenge against British banks
When Goldman launched Marcus, its direct-to-customer retail bank, in the UK in 2018, and JPMorgan followed suit with Chase last year, they both offered market-leading […]
Credit Suisse downgrades Home Depot, cites slowing housing market as near-term risk
According to Credit Suisse, it’s time to go to the sidelines at Home Depot. Analyst Karen Short assumed Home Depot had a neutral rating, with […]
Why everyone thinks a recession is coming in 2023
People who have lost their jobs wait in line to file for unemployment following an outbreak of the coronavirus disease (COVID-19), at an Arkansas Workforce […]