Stocks pared gains Wednesday after the Fed essentially confirmed that near-term rate hikes would be followed by a reduction of its $9 trillion balance sheet. Updated at 3:01 pm EST The Federal Reserve made no Read more…
Small-capitalization stocks have fallen further than the large-caps this year amid concern about the Federal Reserve raising interest rates. Small-cap stocks are leading the equity market down amid higher bond yields and anticipation the Federal Read more…
Blunt comments from Chamath Palihapatiya on China’s oppression of Uyghurs lay bare the hypocrisy of wealthy investment managers. Chamath Palihapatiya isn’t the first billionaire to stick his foot in his mouth, but he is the Read more…
Fed keeps federal funds rate target unchanged at 0-0.25%. It added, “with inflation well above 2 percent and a strong labor market, the Committee expects it will soon be appropriate to raise the target range Read more…
Indicators of economic activity and employment have continued to strengthen. The sectors most adversely affected by the pandemic have improved in recent months but are being affected by the recent sharp rise in COVID-19 cases. Read more…
The “secret” menu items that fans have been ordering for years are now officially on the menu. We all know the fast-food customers who, despite the long line behind them, want their burger with the Read more…
Summary The U.K. economy is displaying increasingly divergent trends. CPI inflation has continued to trend higher, reaching 5.4% year-over-year in December, and could peak as high as 6.5% to 7.0% before inflation begins to recede. Read more…
A skittish stock market and a struggling box office are complicating the theater chain’s attempts to turn around its debt situation. Let’s give credit where it’s due. Most people don’t follow through with their New Read more…
How many rate hikes are necessary to control inflation given that the BOC sees it returning to 2% over the long run? The Bank of Canada left rates unchanged at all-time lows of 0.25%. Markets Read more…
No breakout yet, though The pound has been range-bound against the Canadian dollar for the last week and that remains the case so far today, despite the Bank of Canada holding off on raising interest Read more…