Illustration by Risto Avramovski Text size About the Author: Pierre Cramer is Senior Managing Director and Senior Portfolio Manager, Insurance Asset Management at SLC management. This comment reflects his personal opinions. The trajectory of risky assets in 2023 depends on how far the Federal Reserve is willing to go with its interest rate hikes to …
The threat of runaway inflation is still relevant Read More »
Heat pumps are becoming increasingly popular for residential housing with rising energy prices and the need to reduce the use of fossil fuel heating systems. Andrew Aitchison | In pictures | Getty Images Are you thinking of a domestic heat pump? New and expanded government incentives, coupled with a steep rise in utility costs, make …
Investors, like children on Christmas Eve, expect Santa Claus to come down the chimney, walk to Wall Street and deliver the rewarding gift of a stock market rally. This year, however, investors might be better off betting on a lump of coal, rather than waiting for tangible stock market gains to emerge this holiday season, …
Why stock investors shouldn’t count on a “Santa Claus” rally this year Read More »
BEVERLY, Mass. “It’s a gray November morning, and we’re on a long yellow school bus. The bus bounces around the patched streets of this Boston suburb in a way that would be familiar to anyone who has ever taken the bus to class. But the bus is quiet – and not just because there are …
Electric school buses offer kids a cleaner, but more expensive, route to class Read More »
Gas prices are displayed at an Exxon gas station on July 29, 2022 in Houston, Texas. Exxon and Chevron posted record profits in the second quarter of 2022 as energy stocks have weakened in recent months. Brandon Bell | Getty Images On Friday, two Democratic lawmakers accused the largest oil companies in the United States …
Democratic lawmakers accuse big oil companies of ‘greenwashing’ Read More »
US households lost an estimated $6.8 trillion in wealth in the first three quarters of 2022 as the SPX stock market, -0.73% DJIA, -0.90% COMP, -0.70% has lost more than 25% of its value, the Federal Reserve reported Friday in the government’s quarterly financial accounts. Nominal net worth fell 4.6% to $143.3 trillion, as the …
Opinion: Household wealth plummets by $13.5 trillion, second-worst drop on record Read More »
Hong Kong movers: Real estate and tech stocks rise as optimism reopens CNBC Pro: Wall Street says a recession is coming. An investment pro names her favorite stocks to resist Wall Street pros are increasingly sounding the alarm about an impending recession. As economic growth slows and inflation stays high for longer, how should investors …
Across markets, familiar trading patterns for stocks, bonds and commodities that have held for months are starting to unravel as financial markets grapple with expectations that the US economy will sink. into a recession next year, market analysts told MarketWatch. The S&P 500 SPX index, +0.75% had its longest losing streak in nearly two months …
Sam Bankman-Fried, Founder and Managing Director of FTX Cryptocurrency Derivatives Exchange, during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, U.S., Wednesday August 17, 2022. Jeena Moon | Bloomberg | Getty Images An ethics watchdog group has asked the Federal Election Commission to investigate former FTX CEO Sam Bankman-Fried …
Wall Street is on a five-day losing streak. The decline, as measured by the S&P 500 SPX, -0.19%, 3.6% isn’t so great, but it seems hopelessly inevitable once the benchmark fails to hold above its 200-day moving average. The relapse of every rally in 2022 is recognition that equities’ relationship with central banks has changed. …
