CNN — Treasury Secretary Janet Yellen said on Sunday there is a ‘risk’ that US gas prices could rise again later this year as fears grow that Americans’ wallets could be put to the test. hardship by a price spike similar to the one seen this summer. “Well, it’s a risk. And that’s a risk … Read more
Quantitative monetary easing is credited with boosting stock returns and boosting other speculative asset values by flooding markets with liquidity as the Federal Reserve clawed back billions of dollars worth of bonds during the crisis financial crisis of 2008 and the coronavirus pandemic of 2020 in particular. Investors and policymakers may be underestimating what happens … Read more
New York CNN Business — Welcome to the lazy, crazy days of summer on Wall Street. Shares fell again on Monday in a choppy session. So it looks like investors weren’t quite ready to buy the proverbial drop in the absence of any major news. The Dow ended Monday down nearly 185 points, or 0.6%. … Read more
CNN — The White House in trouble for a second consecutive day to answer questions about President Joe Biden student loan cancellation plansimultaneously claiming that the president waited until the plan was ‘fiscally balanced’ before unveiling it and that there was no way of knowing how much would the plan cost. During a press briefing … Read more
Financial markets are bracing for Friday’s highly anticipated Jackson Hole speech by Federal Reserve Jerome Powell and expect him to signal the continued need for aggressive interest rate hikes to fight inflation despite the risks for economic growth. That’s the general conclusion of analysts, economists and investors on the eve of Powell’s remarks, a day … Read more
New York CNN Business — We might as well hope that the Federal Reserve will rein in its aggressive interest rate hikes. Shares fell on Monday as investors began to fear again that the central bank could raise rates by three-quarters of a point next month. The Dow ended the day with a loss of … Read more
It looks like a “bear trap” may be lurking in this summer’s big rebound for the stock market, which could lead to painful losses for investors, Glenmede strategists warned in a Monday report. Investors are already appearing reconsider some factors of the strong rebound this summer, including rethinking hopes that the Federal Reserve might not … Read more
Over two years of COVID-19, and people think differently about viruses. This month, the United States declared monkeypox a public health emergency, and people at high risk of contracting the virus – especially men who have sex with men – are lining the streets town to get vaccinated. An epidemic of avian influenza which raises … Read more
CNN — Some 27 ships loaded with grain left Ukrainian Black Sea ports since August 1 under a United Nations-brokered export deal with Turkey, which laid “the foundations for a permanent environment of peace”, Turkey’s defense minister said in a speech on Saturday. . “Since August 1, a total of 53 vessels have sailed for … Read more
Some market gurus are beginning to worry that Wall Street’s summer rally is starting to run out of steam, after stocks quickly went from oversold to overbought. Gene Goldman, chief investment officer of Cetera Financial Group, explained that stocks are likely heading for a pullback, even though the economy is in better shape than many … Read more