A U.S. recession would be ‘good news’ for markets, strategist says

A U.S. recession would be ‘good news’ for markets, strategist says


Key Points
  • The Fed has consistently reiterated its motivation to fight inflation, but minutes from the very last FOMC assembly confirmed officials had been divided in excess of where by to go on interest prices.
  • “If the economic climate avoids [recession] and keeps on its frothy route, then I consider we’re going to have some difficulties in the marketplace in the next component of the calendar year,” Yoshikami instructed CNBC on Friday.



Source

Unraveling the legal, economic and market ramifications if Trump tries to fire Fed Chair Powell
Finance

Unraveling the legal, economic and market ramifications if Trump tries to fire Fed Chair Powell

Key Points If President Donald Trump tries to fire Federal Reserve Chair Jerome Powell, it would set off a courtroom battle that would likely head to the Supreme Court. Most people familiar with the situation say Powell would sue if Trump tries dumping him. Despite seemingly low chances of success, going after Powell still could […]

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Block shares soar 10% on entry into S&P 500
Finance

Block shares soar 10% on entry into S&P 500

Key Points Block is joining the S&P 500, replacing Hess as of July 23. Hess is exiting the index upon its acquisition by Chevron. Source

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Stocks making the biggest moves midday: Talen Energy, Invesco, Netflix, Coinbase and more
Finance

Stocks making the biggest moves midday: Talen Energy, Invesco, Netflix, Coinbase and more

Here are some of the names making big moves in midday trading. Talen Energy – Shares popped more than 23%. Talen said that it has signed agreements to acquire Moxie Freedom Energy Center in Pennsylvania and the Guernsey Power Station in Ohio – a pair of combined-cycle gas-fired plants. The deal comes out to $3.5 […]

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