Treasuries Suggest Fed Can Tame Inflation Without Killing Growth
Saturday, September 10, 2022 04:00 PM Source: Bloomberg by Michael Mackenzie The bond market is signaling that in the matter of the Federal Reserve versus inflation, its money is on the US central bank. Demand for inflation protection — as measured by yields on inflation-protected Treasury debt — keeps falling. The five-year expected inflation rate […]
Peak Inflation? US Corporations Seems to Think So: Taking Stock
Monday, September 12, 2022 08:36 AM Source: Bloomberg: by Jessica Menton After US stocks snapped three straight weeks of losses, investors are looking ahead to a batch of crucial inflation figures that will help determine the pace of the Federal Reserve’s interest-rate increases this year and beyond. But when it comes to corporate decision makers, […]
Apple IPhone Pre-Order Data Points to Strong Demand: Street Wrap
Monday, September 12, 2022 09:35 AM Source: Bloomberg: by Ryan Vlastelica Apple analysts are positive on the company as pre-order data for the latest versions of its iPhone point to strong interest and demand. Shares up 1.7%, with the stock outperforming other major technology and internet stocks. The Nasdaq 100 is up 0.7%. JPMorgan (overweight, […]
Advanced Micro Devices can surge more than 50% as chipmaker increases market share
PUBLISHED THU, SEP 8 20226:32 AM EDT Source: CNBC by Samantha Subin Stifel said there’s more room to run for Advanced Micro Devices even as the chip market faces ongoing supply chain disruptions and pockets of consumer weakness. Analyst Ruben Roy initiated coverage of the chip stock with a buy rating, saying in a note to clients […]
US INSIGHT: Recession Risk Remains at 30% in Next 12 Months
Wednesday, September 7, 2022 05:03 PM Source: Bloomberg by Eliza Winger (Economist) The inversion of the 10-year/2-year yield curve steepened in the past month, while macroeconomic data mostly surprised to the upside, suggesting resilience in the economy’s underlying growth momentum. On net, Bloomberg Economics’ model points to a 30% chance of recession in the next […]
US Services Gauge Rises to Four-Month High on Pickup in Demand
Tuesday, September 6, 2022 10:00 AM Source: Bloomberg By Reade Pickert The US service sector expanded in August at the fastest pace in four months amid a pickup in business activity and new orders, while price pressures continued to ease. The Institute for Supply Management’s services index edged up to 56.9 from 56.7, data showed Tuesday. The […]
Apple’s Car Is Beloved Before It Even Exists
Friday, September 2, 2022 05:15 AM Source: Bloomberg by David Welch If semiconductor shortages, recession risks and the once-a-century shift in propulsion weren’t enough to keep auto executives up at night, here’s one more sleep disruptor: Consumers are keen to buy an Apple car before one even exists. Strategic Vision just released the results of an annual study that this […]
Apple overtakes android to take overtake 50% share of phones used in the US.
Source: Financial Times by Patrick McGee Apple has overtaken Android devices to account for more than half of smartphones used in the US, giving the iPhone maker an edge over its rival as it pushes into sectors including finance and healthcare. The 50 per cent landmark — the iPhone’s highest share since it launched in […]
Wharton professor Jeremy Siegel says most inflation data is coming in below expectations and hawkish Fed is out of step with economic reality
Source: Insider, September 2, 2022 Inflation is improving and the Fed’s hawkish view is at odds with the economy, Jeremy Siegel said. He noted that 26 of 27 inflation indicators have been below expectations in the last month. It could mean the Fed won’t have to raise rates as much as many observers are expecting. […]
The Bottom 50% of Americans Are Building Wealth Even as Inflation Bites
Monday, August 29, 2022 10:40 AM Source: Bloomberg by Paulina Cachero In an eight-minute speech last week that sent stock markets tumbling, Federal Reserve Chair Jerome Powell echoed what he’s said before about the importance of containing surging consumer prices: “The burdens of high inflation fall heaviest on those who are least able to bear them.” Yet data […]