This week's US inflation data is very important. Here's why
Markets hate uncertainty, and there's a lot of it this fall: The United Auto Workers union may strike on Friday, the federal government is heading toward another potential shutdown in October, geopolitical tensions with China remain heightened and oil prices could stay elevated through December. There's also the looming question about whether the Federal Reserve will hike interest rates again.
2023-09-12 20:55
Why stocks could avoid a steep selloff this September
US stocks typically see their worst performance of the year in September, but there are signs the market could avoid a steep downturn this time around.
2023-09-07 22:56
How big banks won the banking crisis
The collapse of Silicon Valley Bank and the US regional banking crisis that followed earlier this year had major economic and regulatory repercussions for lenders across the globe, some of which may be felt for years to come. But now that the more immediate threat of the crisis has dissipated, some clear winners have emerged.
2023-09-05 19:59
Rising labor costs are making AI stocks even more attractive
About 300 million full-time jobs across the globe could be lost (or greatly diminished) due to the recent boom in artificial intelligence, Goldman Sachs estimates.
2023-08-30 20:27
The Fed is 'flying blind' on the economy. Will this week's jobs data help?
Welcome to jobs week. Investors are eagerly anticipating a slew of news about the health of the US labor market over the next couple of days.
2023-08-28 19:55
Jackson Hole: Fed policy collides with reality in the most unequal county in America
Central bank officials from across the world have descended upon Jackson Hole, Wyoming this week to discuss policy decisions that will shape the economy for years to come.
2023-08-25 19:57
Could Fed Chair Powell's Jackson Hole speech send stocks plunging again?
With Nvidia earnings out of the way, the next test for US markets is Federal Reserve Chair Jerome Powell's annual speech at the Jackson Hole economic summit on Friday.
2023-08-24 19:46
Nvidia set the market alight last quarter. Can it repeat the trick?
Artificial intelligence darling Nvidia's upcoming earnings report could be a boost or a drag on a market already mired in the summer doldrums.
2023-08-23 19:53
What do 'Big Short' Michael Burry and Warren Buffett know that we don't?
The S&P 500 index is up nearly 17% year to date, and the Nasdaq composite is more than 30% higher. Americans keep spending money, unemployment is low, the Federal Reserve may soon pause its painful interest rate hikes as inflation rates steadily — albeit slowly — come down.
2023-08-16 20:23
Does it matter to stocks whether the Federal Reserve hikes or pauses rates in September?
After the Federal Reserve raised interest rates in July to the highest level in 22 years, Wall Street's focus is on whether September will bring another rate hike.
2023-08-14 19:29
Don't be fooled by rising consumer price data, take a peek behind the numbers
US consumer prices rose 3.2% for the 12 months ending in July, according to the latest Consumer Price Index, which landed Thursday. That compares to 3% in June.
2023-08-11 19:47
It's not the 1970s but stagflation is back in the picture
For the past two years, economists have been worrying about the risks of high inflation rates. But far less attention has been given to inflation's sibling: stagflation.
2023-08-10 19:26