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Veteran fund manager sounds alarm on stocks
TheStreet via Yahoo Finance· 4 days agoHigher rates are bad for the economy, a bad economy is bad for profits, and bad profits are bad for stocks. And inflation remains sticky, the bears say....
Gateway - Quartz
Quartz· 3 days agoThe Dow continued to decline on Thursday as a rough holiday-shortened trading week continued. The Commerce Department reported on Thursday that Gross Domestic Product grew at a 1.3% annualized ...
Gateway - Quartz
Quartz· 4 days agoWith the dawn of a new quarter, the Personal Consumption Expenditures (PCE) price index has given hope of a rate cut in the near future ...
How Much Household Income Will Be Considered Upper Middle Class by the End of 2024?
GOBankingRates via Yahoo Finance· 2 days agoThe latest official figures from the U.S. Census Bureau place median household income at $74,580....
Fresh Closing Highs for S&P, Nasdaq; Lennar Beats in Q2
Zacks· 5 days agoThis is the official week of summer, and while the tone feels rather wistful and sunny, we still see fresh all-time closing highs on the Nasdaq and S&P 500: +0.95% on the tech-heavy index, to ...
Fed, Powell Lay Out Inflation Expectations
Zacks via Yahoo Finance· 5 days agoThe Fed’s favored inflation metric is the PCE report, which comes out at the end of this month. PCE stands for Personal Consumption Expenditures ...
The Zacks Analyst Blog Highlights The Gap, Abercrombie & Fitch, J.Jill, Canada Goose and Stitch Fix
Zacks via Yahoo Finance· 4 days agoDespite a tough scenario, the labor market remains resilient, the services PMI (Purchasing Managers'...
It's not just vibes. Americans' perception of the economy has completely changed.
ABC News· 4 days agoThere's a question journalists, economists and President Joe Biden's campaign have been puzzling...
Treasuries Are a Whisker Away From Erasing This Year’s Loss
Bloomberg via Yahoo Finance· 2 days ago(Bloomberg) -- US Treasuries are on the brink of breaking even during a roller-coaster first half of...
Fed’s Barkin Says Inflation to Linger as Rate Hikes Take Full Effect
Barrons.com· 1 day agoHe wants both a sustainment of lower price growth, but also a broadening out to more categories....