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Everyone — from Vegas casinos to online startups DraftKings and PredictIt — is accepting bets for who will be the Fed’s next chair.
Wednesday’s article listed a handful of reasons why the coming months could be opportunistic for gold. Add one more to that list…
Investors are beginning to worry about stagflation — a combination of lower growth and higher inflation — which hasn't been a thing since the early 1980s.
But too big to fail Goldman Sachs reported today that "stagflation" was the most common word in client conversations last week as equity market volatility remains elevated.
This week, their clients are focused on the risks posed to growth by supply chain challenges and rising energy costs.
Don’t look now, but the economic recovery, rebound or whatever you want to call it has stalled.
It’s not exactly drowning in quicksand (at least not yet), but it’s definitely mired in pools of thickening sludge.
The U.S. reported disappointing job growth for the second straight month and for the third time in six months.
Just 194,000 nonfarm jobs were added to what has got to be characterized as an restless economy in September — a significantly slower pace than the 366,000 number a month earlier.
Economists had been expecting to reach at least 500,000 this time around.
Congress managed to avert a recurring crisis last Thursday, as it passed a short-term appropriations bill that will keep the lights on in the hallowed halls of Washington through December 3rd.
That leaves members with the rest of what Hayes Brown calls “the to-do list from hell” — at the top of which is what to do about the debt ceiling.
Buy your holiday gifts now.
That’s the message from retail executives, who are warning that both shoppers and investors should brace for a challenging holiday season.
As Big Business continues raking in record profits so far this year, two things are popping out:
Businesses have been investing more on improvements than any point before the pandemic, according to Oxford Economics.
Yet, the Delta variant is keeping more companies cautious about how to invest the huge wad of cash they have at their disposal.
And that’s led to corporate spending on stock buybacks outpacing capital expenditures in 2021.
So for the last ten + days I’ve been fighting a pretty nasty sinus infection. It’s clearing up, but much more slowly than any that I’ve had in the past. Maybe it’s age, maybe it’s more than a sinus infection? I don’t know, but it has been interesting.
Data released by the Census Bureau this week show how the government’s stimulus programs since last March kept millions of Americans out of poverty and preserved their access to health care.
For millions of us, September 11, only has one meaning. But there’s a few people that like to celebrate a birthday on 9/11 and the birthday I’m speaking of was a woman named Mary Elizabeth Lease.
On Saturday it will be 20 years from one of the most significant events in human history. 9/11.
You know where you were. You know what you were wearing, who you were with, and what you were doing. You, like millions of others stared at your TV screen, with both wonder and fear, remorse and sadness. It couldn’t be… but…it was.
I mentioned to my readers that the first few days of this week could get bumpy in the equity markets. So, seeing them come back from the Holiday weekend and send the DOW down 277 points in the first hour, that prediction was on its way to coming true.
I think that of all the Holidays we celebrate throughout the year, Labor Day is the least understood. For instance, on the 4th of July we celebrate Independence Day. Everyone sort of knows the story. Christmas, we celebrate the birth of Jesus. Memorial Day we acknowledge the fine servicemen and women who died defending our Nation. Most seem to know of all this.
But when it comes to Labor Day, I find an awful lot of folks, don’t quite know what it is they’re celebrating. So let’s take just a few minutes to remember what this is all about.
But I think there’s a much more sinister side to all of this in the works too. And, while I try to keep some of the more “dark” issues out of the letters, sometimes you just have to put it out there. So, what am I babbling about? Klaus and his World Economic Forum.
As we know, sentiment — of investors, traders and plain ole households — can drive the day-to-day direction of markets as the players react to the headlines and other events.
According to Charles Schwab’s latest Active Trader Pulse survey, the pandemic is once again the leading risk factor among traders.
In a further signal that the U.S. economy isn’t out of the woods, the widely followed consumer sentiment index that’s produced by the University of Michigan shows that consumer sentiment plummeted in early August.