Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come. (Sept. 21)
Wall Street is on a roller coaster again, as investors try to navigate the path between high inflation and the Fed’s aggressive interest rate hikes. The former is raging – whether you blame Russia or Biden, the fact of high inflation can no longer be avoided – while the latter is rising – but whether it is rising fast enough to blunt inflation is yet to be determined. Jim Cramer, the well-known host of CNBC’s ‘Mad Money’ program, takes a hint from the bond market, where the US Treasury 2-year no
(Bloomberg) -- Donald Trump got the court-ordered review he wanted of documents seized from his Mar-a-Lago home as well as his preferred pick for a so-called special master to carry it out. But less than a month in, the former president has complaints about how that review is taking shape.Most Read from BloombergApple Ditches iPhone Production Increase After Demand FaltersMacKenzie Scott Files for Divorce From Science Teacher HusbandNord Stream Gas Leaks May Be a New Disaster for the ClimateGerm
Trump's legal team says that vendors don't want to work with them for special-master review because 'seasoned IT professionals' can't handle the government's 11,000 files and strict deadlines
Trump's team said vendors don't have a problem with them, but "seasoned IT professionals" can't get through the documents on the DOJ's timeline.
An off-duty Massachusetts National Guard member aggressively confronted a tour bus full of senior citizens thinking they were migrants
In a livestream of the pursuit, the off-duty officer slammed US immigration policy and referenced DeSantis' sending migrants to Martha's Vineyard.
- Ukrayinska Pravda
IRYNA BALACHUK - WEDNESDAY, 28 SEPTEMBER 2022, 19:54 The Kremlin has decided not to rush the official "accession" of the occupied territories of Ukraine to Russia, and to postpone the closing of Russia's borders.
- Business Insider
The US economy could be grappling with deflation in the next 6 months, and the Fed could be forced to pivot in the face of demand destruction, ARK Invest's Cathie Wood says
"We think that inflation during the years ahead is going to surprise significantly on the low side of expectations," ARK Invest's Cathie Wood said.
BENGALURU (Reuters) -The Federal Reserve will hike its key interest rate to a much higher peak than predicted two weeks ago and the risks are skewed towards an even higher terminal rate, according to economists polled by Reuters. That change in expectations came after the Fed raised rates by 75 basis points last week for the third straight meeting and foresaw going higher than it had previously thought to tame inflation, which is running over four times above target. Since then, already battered global stocks went much deeper into bear market territory - a decline of 20% or more - on fears of recession and most currencies weakened further against the multi-decade high dollar.
Anyone following stock market trends in 2022 will be well aware of the widespread drawbacks; apart from some outliers such as energy, most corners of the market have been beaten to a pulp. The main culprits are easily identified by now; a combination of a slowing economy, rampant inflation, rates hikes to halt it, and Russia’s invasion of Ukraine and the global implications are all responsible factors. Stock market giants have not been immune either and many have seen huge chunks of their valuat
- The Hill
In the midst of a bear market and with the Federal Reserve expected to hike interest rates even further, leading Wall Street analysts are eyeing one question with increasing concern: Just how much further could stocks fall? The precise answer is impossible to predict, but experts told The Hill they expect investors to see more pain…
Bill Clinton's Secretary of Labor blames soaring corporate profits for inflation and says the US government should consider directly controlling prices
Corporate greed is fueling inflation, says Bill Clinton's former Sec. of Labor. He says antitrust enforcement and price controls should be considered.
Barring selected periods of relief, the inherent trend of the stock market has been resolutely negative in 2022. For investors searching for ways to boost the portfolio’s performance, there have generally been slim pickings. But if you look on the bright side of a market situation where stocks are continuously pushed further down, what you get are some low and enticing entry points. Roth Capital’s tech and communications expert Scott Searle certainly thinks that with a bit of digging, investors
- The New Voice of Ukraine
German authorities suggest that both lines of the Nord Stream gas pipeline, and one of the two lines of Nord Stream-2 may be rendered unusable forever, German daily newspaper Der Tagesspiegel reported on Sept. 28.
- Lexington Herald-Leader
OpEd: Every day in the Biden era economic news is positive. The US has record low child poverty. Jobless claims are falling. Job creation is off the charts.
When the two-year Treasury yield breaks below its 11-week moving average, yields will have made a top. A lot of the downside pressure on stocks will then lift, and the stock market should rally.
Donald Trump is raising money off a "ransacking" in Florida — but it has nothing to do with Hurricane Ian
Trump is asking his supporters for at least $25 after the FBI raid on his Palm Beach, Florida, estate, while Floridians are bearing the brunt of Hurricane Ian.
- Business Insider
With a net worth of $7.2 billion, Leo KoGuan outpaces hedge-fund billionaire George Soros and philanthropist Melinda French Gates.
The DOJ is having such a hard time finding document-digitization vendors willing to work with Trump that it requested more time for the special-master review
The Justice Department asked for one more day to choose someone to digitize the 11,000 files for the special master in its Mar-a-Lago investigation.
Donald Trump's daughter-in-law is facing backlash after posting a video of her son during the storm, which she called a "character building" exercise.
How much money do I need to live entirely off dividends? Here is the lowest amount you can probably get away with
Dividends can offer fat full-time income. But the math needs to work.
- Business Insider
Dow futures slump 260 points and the 10-year Treasury yield breaks above 4% as interest rate fears niggle at investors
Investors sent US stocks lower and bond yields higher on Wednesday as they braced for the Federal Reserve to keep interest rates higher for longer.