A day after the Dow DJIA climbed out of bear territory on hopeful comments by Fed Chairman Jerome Powell, stock futures indicate a rethink of that optimism, as inflation data looms. The Fed chief’s suggestion of a 50 basis point hike vs. 75 bp in December wasn’t new, but investors got excited anyway, says the …
The number of tech layoffs this year is nearing annual levels seen during the Great Recession, but is far from dot-com-bust territory. As technology companies deal with declining stock prices, inflation, rising interest rates and a possible recession, they have announced more than 60,000 job cuts this year, with indications — such as from Amazon.com …
Tech layoffs approach Great Recession levels: ‘It was not sustainable or real’ Read More »
A US recession induced by central-bank efforts to curb inflation is likely to arrive by mid-2023 and trigger a sharp and “temporarily painful” decline in equities, according to Deutsche Bank researchers. “We see major stock markets plunging 25% from levels somewhat above today’s when the US recession hits, but then recovering fully by year-end 2023, …
‘We see major stock markets plunging 25%,’ says Deutsche Bank Read More »
The Federal Reserve’s attempt at shrinking its balance sheet through so-called quantitative tightening, or QT, is “a complete mistake,” according to Mizuho’s chief economist for the US “There is a nontrivial probability that market liquidity will be adversely affected well before the targeted $2 trillion has been rolled off, preventing the Fed from accomplishing its …
The Federal Reserve’s attempt at shrinking its balance sheet through so-called quantitative tightening, or QT, is “a complete mistake,” according to Mizuho’s chief economist for the US “There is a nontrivial probability that market liquidity will be adversely affected well before the targeted $2 trillion has been rolled off, preventing the Fed from accomplishing its …
Brace for a recession next year. That is the word of warning from S&P Global Ratings economist Beth Ann Bovino, in a post-Thanksgiving weekend report on Monday. “ ‘GDP will decline by 0.8%, a mild recession in line with the 1969/1970 recession.’ ” — S&P Global Ratings As with many prognosticators inside and outside of …
A recession akin to 1969-1970 awaits US next year, economist warns Read More »
Several headwinds that pummeled the stock market in 2022 have turned into tailwinds, setting the stage for a rally in US equities heading into year-end, according to Tom Lee, head of research at Fundstrat Global Advisors. “The Thanksgiving holiday has ended and now markets are entering the final key weeks of 2022,” said Lee, head …
US stock-index futures sank Sunday night, as Asian markets fell following widespread public demonstrations in China and as oil prices hit a 2022 low. Dow Jones Industrial Average futures YM00, -0.47% fell more than 150 points, or 0.5%, as of 10 pm Eastern, while S&P 500 futures ES00, -0.63% and Nasdaq-100 futures NQ00, -0.77% dropped …
US stock futures fall as Chinese protests rattle markets, oil hits 2022 low Read More »
When Walt Disney (EXTERNAL) – Get Free Report CEO Bob Iger stepped down as CEO in favor of Bob Chapek, a successor he played a part in picking, he did not want to leave and the board of directors did not want him to go. At the time, the change was made more due to …
Walt Disney Did Bob Chapek Dirty (Twice) and Did Iger no Favors Read More »
Elon Musk does not forgive those who doubt him. He resorts to reminding them when the opportunity arises. Musk’s enmity with his billionaire peer Bill Gates is based on the fact that the co-founder of Microsoft (MSFT) – Get Free Report has often expressed doubts about certain ambitious projects of Tesla (TSLA) – Get Free …
Elon Musk Sends Special Invitation to Bill Gates Read More »