A strong market rally could be weeks away if the U.S. midterm election can put anxious stock investors at ease

If the U.S. midterm election cycle this year is anything like previous ones, the stock market will carve out a major right-hand low around Election Day in November. That should give some hope to beleaguered investors whose equity holdings have suffered double-digit losses so far this year. A significant rally could be in a few … Read more

Bill Ackman says fast food chains are an inflationary shield. Here are two he likes, and one he just sold.

A cautious session is expected for Tuesday, after the worst slump since June for the major indices. That’s when a growing number of investors see the Fed moving from rate hikes to a daunting challenge in the face of stubbornly high inflation and a global growth mess. We’ll find out on Friday when Fed Chairman … Read more

Bill Ackman says fast food chains are an inflationary shield. Here are two he likes, and one he just sold.

A cautious session is expected for Tuesday, after the worst slump since June for the major indices. That’s when a growing number of investors see the Fed moving from rate hikes to a daunting challenge in the face of stubbornly high inflation and a global growth mess. We’ll find out on Friday when Fed Chairman … Read more

Once the Worst Yield on Wall Street, Cash Now Seems to Be the Best Asset to Own, According to Morgan Stanley

Equity sellers are poised to pick up where they left off on Friday as the market appears to wake up from its August slumber with a vengeance. As Goldman Sach’s Chief U.S. Equity Strategist David Kostin told his clients after the S&P 500 SPX took just 17 weeks to hit its year-end target of 4,300, … Read more

South Korea offers North ‘bold’ economic benefits for denuclearization

SEOUL, South Korea — South Korean President Yoon Suk Yeol on Monday offered “bold” economic aid to North Korea if it scraps its nuclear weapons program while avoiding harsh criticism from the North days after threatening of “deadly” retaliation against the COVID-19 outbreak he blames on the South. In a speech celebrating the end of … Read more