EconomyBusiness and Economy Bank of America chief executive Brian Moynihan has predicted the United States will enter a “very slight” recession later this year despite improving signs for the global economy. Speaking at a business […]
Authored by Jeffrey Snider via RealClearMarkets.com, It was a sudden and epic flood of oil the likes of which the country hadn’t seen before. According to the government’s numbers, the Energy Information Administration, over a […]
Former Treasury Secretary under Bill Clinton, Larry Summers, joins Bloomberg to answer questions on persistent inflation indicators despite Federal Reserve tightening measures and rising interest rates. Summers, with some carefully chosen words, essentially admits what […]
By Peter Tchir of Academy Securities Surprise, Surprise There is one chart I keep turning to, the Citi Economic Surprise Index. The surprise index started rolling over in the middle of December. For a month, […]
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. Berkshire Hathaway reported Q4 earnings Saturday morning while Elon Musk’s “Master Plan 3” at the upcoming Tesla Investor Day will […]
US consumer spending increased by the most in nearly two years in January amid a surge in wage gains, while inflation accelerated, adding to financial market fears that the Federal Reserve could continue raising interest […]
Hotter consumer spending and producer inflation (PPI) fed rising yields and inflation fears, which weighed on stocks. Despite another week of improvement in the earnings picture, the S&P 500 fell by 0.2% last week. According […]
Q4 2022 saw European businesses filing for bankruptcy at the fastest pace in at least eight years The number of bankruptcy declarations increased during all four quarters of 2022. As The FT reports, there was […]
As credit card debt hit an all-time high — just shy of $1 trillion — in the final three months of 2022, delinquencies among borrowers accelerated. Balances grew $61 billion in the fourth quarter from […]
Gold prices slid to more than a one-month low on Wednesday, weighed down by a stronger dollar as better-than-expected US economic data raised worries that the Federal Reserve could hike interest rates further. Spot gold […]
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