Wharton’s Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in its 110-year history
Sep 23, 2022 2:25 PM PDT Source: by Dow Jones by Joseph Adinolfi Now, Siegel says, workers will pay the price Wharton professor Jeremy Siegel has a bone to pick with Federal Reserve Chair Jerome Powell. The longtime market guru and frequent guest on CNBC unleashed a memorable rant on Friday as U.S. stocks plunged. […]
US Producer Prices Fall for a Second Month as Fuel Costs Retreat
Wednesday, September 14, 2022 05:38 AM Source: Bloomberg by Reade Pickert A measure of US producer prices fell for a second month in August as fuel costs continued to retreat, though an underlying measure of wholesale costs firmed in a sign of persistent inflation in the production pipeline. The producer price index for final demand decreased 0.1% […]
U.S. retail sales unexpectedly rise in August; weekly jobless claims fall
September 15, 202210:10 AM PDT Source: Reuters by Lucia Mutikani U.S. retail sales unexpectedly rebounded in August as Americans ramped up purchases of motor vehicles and dined out more amid lower gasoline prices, but demand is cooling as the Federal Reserve aggressively raises interest rates to fight inflation. Consumer spending, however, is likely to remain […]
Starbucks hikes long-term financial forecast as it unveils reinvention plan
PUBLISHED TUE, SEP 13 202211:43 AM Source: CNBC by Amelia Lucas Outgoing Starbucks CEO Howard Schultz said the coffee giant is projecting double-digit growth for revenue and earnings per share as it implements a strategy to reinvent its business. The company’s previous long-term forecast projected adjusted earnings per share growth of 10% to 12%, revenue […]
Morgan Stanley says the S&P 500 is set for a comeback by year-end. These are its top stock picks
Source: Reuters PUBLISHED WED, SEP 14 20228:25 PM EDT Buy fear and sell greed’: Morgan Stanley portfolio manager picks these stocks to buy U.S. markets had a meltdown on Tuesday — the worst since June 2020 — following yet another hot inflation report. But that may not last for long, according to Andrew Slimmon of […]
Falling gas prices are raising hopes that inflation is slowing, New York Fed survey shows
PUBLISHED MON, SEP 12 202211:00 AM EDT Source: CNBC by Jeff Cox Lower gas prices are raising optimism that inflation is on the decline, according to a survey Monday from the New York Federal Reserve. Respondents to the central bank’s August Survey of Consumer Expectations indicated they expect the annual inflation rate to be 5.7% […]
Inflation ‘collapse’ will launch powerful market rally, Credit Suisse predicts
PUBLISHED MON, SEP 12 20227:46 PM EDT Source: CNBC by Stephanie Landsman Credit Suisse expects the Federal Reserve to pause interest rate hikes sooner than widely expected due to tumbling inflation. According to the firm’s chief U.S. equity strategist, it will launch a powerful market breakout. “This is actually what’s being priced into the market […]
S&P 500 Earnings During Recessions
Published 09/13/22 Source: Bloomberg by Gina Martin Adams and Gillian Wolff Recent recession experiences have led most to believe that S&P 500 earnings are likely to get crushed in response to higher interest rates, but an examination of longer-term history shows earnings declines vary extensively. Without clear economic excesses to be resolved, the consensus for […]
Amazon Shares Back to Winning Ways Amid Cost Push: Tech Watch
Monday, September 12, 2022 06:23 AM Source: Bloomberg by Jeran Wittenstein Amazon.com Inc. shares are back in a familiar role of outperforming after an ugly first half of 2022, even as investors brace for a slowdown in growth at the e-commerce and cloud computing giant. Amazon is the best-performing stock among its megacap peers since the […]
How the Ukraine Offensive Will Shift the Market Narrative
Monday, September 12, 2022 12:43 AM Source: Bloomberg by John Authers The Ukrainian armed forces appear (and I emphasize appear) to have taught the rest of the world yet another lesson in the need to be cautious about knowing what we know. If the reports of the last few days are correct, then the chances of a Ukrainian […]