Economic News
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Here’s what a Bank of America strategist says investors should do next as market rotation enters round four
To Bank of America global investment strategist Michael Hartnett, there have been three distinct phases to describe market action over…
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More than 1 in 10 Americans invested in crypto this year — here’s how they differ from stock market investors
The stock market has more diverse offerings than the crypto market, but the opposite is true when it comes to…
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Bitcoin looks fraught as an inflation hedge amid selloff
Bitcoin’s steep selloff is undercutting the argument made by the digital currency’s proponents that it’s an inflation hedge. The original…
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Open for business: U.S. companies are reopening or forming at a frantic pace
The “chief business of the American people is business,” President Calvin Coolidge said almost a century ago. They are proving…
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10 software stocks with sales expected to increase up to 174% through 2023
Investors looking for bargains in an expensive stock market might be better off focusing on sales growth as an indicator,…
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The pandemic recession lasted two months and was shortest on record, economic panel says
WASHINGTON (AP) — It hit like a derailed train, was hugely destructive but short-lived. The recession that broke out with…
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Here’s why governments want crypto experts
Monetary authorities around the world are rushing to design digital currencies, and many are asking: Who knows how to do…
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UK economy grows at fastest rate since last July
The UK economy grew 2.3% in April, marking its fastest growth rate since July last year as shoppers returned to…
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UK and US mull new economic models ahead of possible trade deal
The UK and US governments will form a research group to look at whether new economic models are possible, as the…
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Regulators tell banks it is time to start using SOFR and ditch Libor
Regulators are ramping up efforts to end Libor trades by the end of the year. The Commodity Futures Trading Commission…
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The UK has a strong hand to play but needs repositioning first
Sceptics have long argued that the UK is past its peak and trading largely on former glories. They point to…
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Here’s why today’s Fed meeting could signal policy change
WASHINGTON — Federal Reserve officials are set to provide updated details on their plans for eventually scaling back easy-money policies…
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Is Wall Street’s trading boom over?
The Wall Street boom is petering out at US banks. For much of 2020 and through the first quarter of…
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U.S. consumer sentiment sentiment falls to 6-month low amid record inflation concerns
The numbers: A preliminary reading of the University of Michigan’s index of consumer sentiment fell to 80.8 in July from…
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Mortgage rates experience ‘summer swoon’ as Fed maintains status quo
Benchmark mortgage rates continued their downward trajectory over the past week, following Federal Reserve Chair Jerome Powell’s indications to lawmakers…
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Powell’s future in question as Warren blasts Fed for being too easy on the biggest banks
Two leading Senate Democrats on Thursday were sharply critical of Federal Reserve Chairman Jerome Powell’s record as a bank regulator,…
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U.S. unemployment claims drop to new pandemic low of 360,000
The numbers: New applications for unemployment benefits fell last week to a new pandemic low, as companies sought to hire…
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‘Earnings are better, valuations are cheaper.’ Here are 18 small-cap stock ideas from Jefferies
How long can the Federal Reserve hold off before tapping the brakes on its ultra accommodative monetary policy? The biggest…
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19 dividend stocks to help you combat inflation
Consumers and investors may be alarmed by rising prices. But a combination of prudent spending and investing can help these…
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Inflation will moderate, Powell says in prepared testimony to Congress
Federal Reserve Chairman Jerome Powell on Wednesday once again said that he thinks the sharp rise in inflation seen so…
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Senate Democrats announce $3.5 trillion budget agreement
WASHINGTON — Senate Democrats announced Tuesday that they have reached a budget agreement among themselves that envisions spending an enormous…
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This is the ‘best place’ to live in America — and it isn’t on the coast
The East and West Coasts can stop duking it out over which is the better place to live — because…
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These big tech stocks, including Square and Tesla, are expected to show the best sales growth as the U.S. economy expands
You might be alarmed when you see headlines about the rising cost of living. But the increase in consumer prices…
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Fed’s Daly says the strong June inflation reading was expected and higher prices won’t last
The strong gain in the U.S. consumer price index in June is just part of a temporary “pop” in inflation…
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Consumer inflation posts biggest increase since 2008, CPI shows
The numbers: The cost of living rose in June by the largest amount since 2008, leaving the increase in U.S.…
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Home Page – MarketWatch
J.P. Morgan Chase stock declines after profit more than doubles but revenue declines Shares of J.P. Morgan Chase & Co.…
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Credit Suisse’s main unit downgraded by Moody’s on Archegos, Greensill fallout
Credit Suisse’s main operation has been downgraded by ratings agency Moody’s in the wake of the twin crises of a…
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Bank of England lifts bank dividend ban
The Bank of England has lifted its emergency restrictions on UK-based banks paying dividends, arguing that the sector “remains well capitalised…
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View: Why pension schemes are ripe for consolidation
The government’s two flagship policies — levelling up and net zero — require the same thing: oodles of private investment…
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View: The secret to killing the army of zombie firms that Covid has left us
As Western economies emerge from the Covid-19 pandemic, banks and governments are facing a new problem: how to deal with…
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U.S. wholesale inventories surge in May as businesses rush to keep up with strong sales
Inventories at U.S. wholesalers rose a sharp 1.3% in May as businesses rushed to keep up with a flood of…
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Mortgage rates slide to lowest levels since winter as investors grow skeptical of economic recovery
Mortgage rates dropped to the lowest level since mid-February, a reflection of the waning optimism among investors about the state…
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U.S. unemployment claims rise slightly in early July, but layoffs remain near pandemic low
The numbers: New applications for unemployment benefits rose slightly last week, but the number of people losing their jobs remains…
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U.S. job openings hit record 9.2 million as businesses compete for limited supply of workers
The numbers: Job openings in the U.S. rose slightly in May to a record 9.21 million, reflecting an insatiable demand…
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Here are four reasons the West is headed for a ‘very drastic crisis,’ according to a veteran economist
Markets seem to be in cruise-control mode, at least until the Jackson Hole gathering of central bankers at which the…
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Eurozone Economy Set to Rebound Faster Than Previously Expected
By Maria Martinez The European economy is forecast to rebound faster than previously expected, the European Union said Wednesday, revising…
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The red-hot U.S. economy cools off, ISM finds, because of major shortages and not enough workers
The numbers: Restaurants, retailers and other businesses that compose the huge service side of the U.S. economy simply cannot find…
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U.S. gains 850,000 new jobs in June in sign of strength for the economy
The numbers: The U.S. created 850,000 new jobs in June as the economy perked up and companies rushed to add…
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U.S. manufacturers have all they business they can handle, but major shortages are a big headache
The numbers: American businesses are still struggling to cope with broad shortages of key supplies and skilled labor even as…
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The stage is set for the mother of all stagflationary debt crises
In April, I warned that today’s extremely loose monetary and fiscal policies, when combined with a number of negative supply…
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The City’s set to be exempted from the OECD’s global tax levy: Here’s what that means
The UK looks likely to obtain an exemption for the largest banks from paying a global corporate tax levy, that’s…
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Crypto, stablecoins and NFTs risk ‘Uberisation’ of money, warns Mark Carney
The proliferation of cryptocurrencies, privately-issued stablecoins like Facebook’s Diem and non-fungible tokens could prove difficult for central banks to override…
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UK and Singapore agree financial partnership
The UK government has agreed a financial partnership with Singapore. The commitment, announced on 30 June, “will facilitate closer cooperation,…
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‘Cheap money is not the answer’, departing BoE chief economist Haldane says
Cheap money will not fix the UK economy’s issues as the country moves out of the Covid-19 crisis, Bank of England chief…
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Odds favour the Dow being higher at the end of 2021, no matter what
Odds are good that the US stock market will be higher at the end of December than it is today.…
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Bank of England holds rates as inflation pressures increase
The Bank of England on 24 June decided to keep its monetary policy unchanged, but warned that, as “global price…
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Are central banks fuelling inequality? Here’s how the BIS sees it.
There’s considerable debate around whether low interest rates are helping reduce inequality — by fostering economic conditions conducive to hiring…
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Central bankers warn aggressive markets to be wary in the wake of Archegos
The recent failure of US-based Archegos Capital Management, a family office that made large, risky bets on a handful of…
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U.S. Economic Calendar – MarketWatch
MONDAY, JUNE 21 9:30 am Fed Presidents Bullard, Kaplan, Harker speak at OMFIF Fedweek event 3 pm New York Fed…
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View: Farewell, Andy Haldane, the Bank of England’s very own maverick
A hundred years ago, when the City’s finest gentlemen met for an audience with the Bank of England governor, it…
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