How to decorate your home on a budget, according to interior designers

Fabio Formaggio / 500Px | 500Px Plus | Getty Images Last year, I moved into a one-bedroom apartment in Manhattan. At 28, I was living alone for the first time. It was tremendously exciting, but I also had a problem: I had no furniture. For weeks I slept on an air mattress that would be […]

Forex pros weigh in on whether the British pound has hit the bottom

The British pound has slid against the U.S. dollar over the past year, hitting a 37-year low against the greenback last week — and it could weaken even further, according to analysts. Sterling hit $1.1403 on Wednesday — a level not seen since March 1985 — amid dollar strength and mounting concerns over the U.K’s […]

As Wall Street returns next week, trading may focus on rising rates

As investors return from the long Labor Day weekend, they are likely to find the focus will fall squarely on central bankers in the week ahead. That could mean more volatility for both stocks and bonds. There is a dearth of earnings news and economic reports. Instead, investors are likely to more closely follow the […]

The summer market comeback was a textbook bear market bounce, history shows

The recent stock rally has all the signs of a bear market bounce, according to an analysis from Citi Research. Stocks hit a recent low in mid-June when the S & P 500 fell into a bear market, meaning it was down more than 20% from its all-time high. Since, the index has rallied a […]

UN says the global food crisis is about affordability, not availability

Food prices remain stubbornly high as Russia’s war in Ukraine drags on, exacerbating existing pressure from supply chain disruptions and climate change. The war has “put a lot of fuel on an already burning fire,” said Arif Husain, chief economist at the United Nations World Food Programme. Ukraine is a major producer of commodities such […]

Wharton’s Jeremy Siegel on Fed rate hike ahead of Jackson Hole

Wharton business school professor Jeremy Siegel said Friday that the U.S. Federal Reserve does not need to hike more than 100 basis points because an economic slowdown is in sight. “I think we only need 100 basis points more,” Siegel said on CNBC’s “Squawk Box Asia.” “The market thinks it’s going to be a little […]

Powell’s Jackson Hole speech comes with Fed and the market on different pages

The Federal Reserve keeps telling the market it’s serious about conquering inflation even if that means damage elsewhere. But the market is still having a hard time taking it seriously. So it will be up to Fed Chairman Jerome Powell next week to press the case further. The central bank leader will address his colleagues […]

Goldman Sachs and Nomura both cut China’s GDP outlook, again

People cross the street during the hot weather on Aug. 15, 2022 in Guangzhou, China. The country is suffering from its worst heat wave in decades, which has strained power supply. Anadolu Agency | Getty Images Goldman Sachs and Nomura downgraded their forecasts for China’s growth, citing weaker demand, uncertainties stemming from zero-Covid policy and […]

Pakistan’s finance minister says country headed in ‘right direction’

Pakistan’s finance minister said the government has taken steps that will put the country on the right track and help the South Asian nation avoid an economic collapse. But that will cause pain for its people, he added. The country is desperately fighting for its survival as the recent rise in commodity and energy prices […]

Market outlook ‘too volatile’ to chase stock, bond rallies, asset manager says

Investors should eschew chasing recent rallies in stocks and bonds given the current economic uncertainty, according to the chief investment officer of Swiss asset manager Prime Partners. Francois Savary said it was hugely difficult to have clear economic visibility due to the particulars of the current investment cycle, such as the Covid-19 recovery and the […]

Market bottom or bear market rally

U.S. stocks fell on Monday, as the three major indexes came off a solid month of trading gains in July, leaving investors wondering once again if the bear market rally is fizzling out, or if this was just a slight blip in a larger rebound. July saw all three major indexes clock their best month […]

Wall Street analysts pick safe-haven consumer stocks

The state of consumer spending in the U.S. is tricky to call right now . On the one hand, inflation is hitting some consumers hard. The University of Michigan Consumer Sentiment Index fell to an all-time low in June, although it slightly improved in July, data on Friday showed. The Bureau of Economic Analysis reported […]

BlackRock’s Rieder says the Fed may hike three more times, then stop

BlackRock’s Rick Rieder said he expects the Federal Reserve to raise rates by three quarters of a point Wednesday and then possibly hike two more times before halting. The Fed began its two-day meeting on Tuesday and was widely expected to announce the 75 basis point hike to its fed funds rate Wednesday at 2 […]

Markets face crucial summer week, with Fed, earnings and economic data

A trader works on the floor of the New York Stock Exchange (NYSE), June 27, 2022. Brendan McDermid | Reuters There’s a head-spinning amount of news for markets to navigate in the week ahead, the biggest of which will be the Federal Reserve’s midweek meeting. The two largest U.S. companies — Microsoft and Apple — […]

European Central Bank raises rates by 50 basis points, its first hike in 11 years

The European Central Bank is increasing interest rates for the first time in 11 years. But in Italy, political turmoil is back. Bloomberg | Bloomberg | Getty Images The European Central Bank on Thursday increased interest rates for the first time in 11 years in an attempt to cool rampant inflation in the euro zone. […]

European markets open to close, data, earnings

LONDON — European stocks are set to open cautiously higher on Monday after gains seen last Friday, although Italy’s main index is seen opening in negative territory amid political uncertainty. The U.K.’s FTSE index is seen opening 12 points higher at 7,129, Germany’s DAX 12 points higher at 12,881, France’s CAC 40 up 11 points at […]

European markets open to close, U.S. inflation data for June

LONDON — European stocks are expected to open lower on Wednesday, extending losses seen in previous sessions this week, as investors prepare for the latest inflation data from the United States. The U.K.’s FTSE index is seen opening 15 points lower at 7,196, Germany’s DAX down 65 points at 12,830, France’s CAC 40 down 21 points […]

European markets open to close, Fed, inflation data

LONDON — European stocks are expected to open lower on Tuesday as investors gear up for the latest U.S. inflation reading on Wednesday. The U.K.’s FTSE index is seen opening 29 points lower at 7,167, Germany’s DAX 86 points lower at 12,746 and France’s CAC 40 down 32 points at 5,964, according to data from IG. […]

European markets open to close, jobs report, inflation data, Fed

LONDON — European stocks are expected to open lower Monday as investors prepare for more key inflation data out of the U.S. this week. The U.K.’s FTSE index is seen opening 65 points lower at 7,137, Germany’s DAX down 124 points at 12,879, France’s CAC 40 down 61 points at 5,969 and Italy’s FTSE MIB down […]

Fed minutes June 2022

Federal Reserve officials in June emphasized the need to fight inflation even if it meant slowing an economy that already appears on the brink of a recession, according to meeting minutes released Wednesday. Members said the July meeting likely also would see another 50- or 75-basis point move. A basis point is one one-hundredth of […]

Hiking interest rates the wrong solution to inflation problem: Analyst

Raising interest rates to tame demand — and therefore inflation — is not the right solution, as high prices have been driven mainly by supply chain shocks, one analyst said.  Global manufacturers and suppliers have been unable to produce and deliver goods to consumers efficiently during Covid lockdowns. And more recently, sanctions imposed on Russia […]

Turkey’s annual inflation soars to almost 79%, hitting highest level in 24 years

Shoppers stroll the aisles of a bazaar in Konya, Turkey. The country is experiencing brutal inflation, with food and non-alcoholic beverage prices rising 70.3% year over year for March. Diego Cupolo | Nurphoto | Getty Images Inflation in Turkey rose close to 79% last month, the highest the country has seen in a quarter of […]

Fed could cut interest rates in 2023, analysts say, after rate hikes this year

Some central bank watchers believe the Fed and the ECB will have to stop their tightening cycles because of an upcoming recession. Olivier Douliery | AFP | Getty Images Central banks around the world might have embarked upon a path of aggressive rate hikes — but not everyone is expecting this approach to last. The […]

The market’s worst first half in 50 years has all come down to one thing

Traders on the floor of the NYSE, June 29, 2022. Source: NYSE A multitude of factors conspired to generate the stock market’s worst first-half since 1970, but they all emanated from one word: Inflation. The cost of living started the year running at levels the U.S. had not seen since the early 1980s. Worse, Federal […]

Euro zone inflation hits yet another record high as food and energy prices soar

A market in the city center of Bonn, Germany on Feb 5, 2022. Nurphoto | Nurphoto | Getty Images Prices in the euro zone continued their march higher in May, hitting a record high for the seventh month in a row. Inflation came in at 8.1% for the month, according to preliminary figures from Europe’s […]

With inflation near 40-year highs, one fund manager reveals his top stocks to beat soaring prices

Real returns are being eroded as inflation soars — but fund manager Brian Arcese has a number of stock picks he thinks are effective inflation hedges. U.S. inflation rose again in April , with the consumer price index increasing 8.3% from a year ago — higher than expected, but a slight ease from March’s peak. […]

Fed Governor Christopher Waller says he’s prepared to take rates past ‘neutral’ to fight inflation

Christopher Waller testifies before the Senate Banking, Housing and Urban Affairs Committee during a hearing on their nomination to be member-designate on the Federal Reserve Board of Governors on February 13, 2020 in Washington, DC. Sarah Silbiger | Getty Images Federal Reserve Governor Christopher Waller said Monday he sees interest rate increases continuing through the […]

We’re going to be a bit poorer in the West amid inflation

Prime Minister Mark Rutte, pictured here attending a press conference on March 23 2020, argued that there is a “limit to what a government can do” to help with inflation. SOPA Images Dutch Prime Minister Mark Rutte on Wednesday said there is a “limit to what a government can do” to help people amid surging […]

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