US stock futures rose on Monday as investors continued to shrug off the prospects for faster Fed tightening amid hopes a strong labor market signals the US economy remains healthy. What’s happening S&P 500 futures ES00, +0.43% rose 26.75 points, or 0.6%, to 4,173. Dow Jones Industrial Average futures YM00, +0.50% were up 170 points,…
Read More “US stock futures rise as summer bounce resumes” »
As the market heads into the new week, the attention is still very much on Friday’s jobs report showing an unexpected 528,000 increase in nonfarm payrolls. “It was quite a surprise to me,” said Dennis Gartman, the retired publisher of the Gartman letter and now the chairman of the University of Akron’s endowment and investment…
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The 9.1% increase in US consumer prices in the 12 months ending in June 2022, the highest in four decades, has prompted many sobering headlines. Meanwhile, annual inflation in Germany and the UK—countries with comparable economies—ran nearly as high: 7.5% and 8.2%, respectively, for the 12 months ending in June 2022. In Spain, inflation has…
Read More “Opinion: Inflation is spiking around the globe, not just in the United States” »
LONDON (Project Syndicate)— Do you believe in fairy tales? If so, you could probably earn good money nowadays as a financial trader or gain power and prestige as a central banker. While annual inflation in the United States, the eurozone, and the United Kingdom has soared to 40-year highs and will probably hit double digits…
Investing in a beaten-down stock market is no fun. But here’s the good news: Some of the best stock purchases you’ll ever make in your life will happen during down markets. True, the S&P 500 SPX, -0.16% is up over 11% from its June lows. But it’s also down around 14% this year. So there…
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The worry instead turned to what a rip-roaring labor market and surging costs for everything means for stocks and bond portfolios, particularly if it turns into a mix of higher growth and inflation with staying power. What to even call such a scenario? “Boomflation,” said Kent Engelke, chief economic strategist at Capitol Securities Management, pointing…
Read More “Roaring labor market puts ‘boomflation’ back on the map for investors” »
Between pandemic lockdowns, health scares, contentious politics and significant inflation with rising prices, many US investors might feel they’re losing control of their situations. Add to that a bear market for stocks, with a possible recession looming. To remain resilient, we can focus on caring for our physical, mental and financial wellness — and that…
So much for all that recession talk. At least for a day. Friday’s stronger-than-expected jobs report immediately sparked more talk that the Federal Reserve will raise interest rates by 0.75 percentage point, not just 0.50 percentage point, when policy makers next meet in September. As one economist put it, the report “is much too hot…
Read More “Weekend reads: The jobs market isn’t cracking — gloom turns to boom in the economy” »
AMC Entertainment Holdings Inc. took Wall Street by surprise with the announcement of its “APE” special dividend after market close on Thursday. This, of course, is a company that is no stranger to bold moves, as evidenced by the movie theater chain’s $27.9 million investment in gold and silver miner Hycroft Mining Holding Corp. HYMC,…
Read More “AMC takes aim at massive debt burden with ‘APE’ special dividend” »
