Prices
European markets close higher despite hot U.S. inflation data; Stoxx 600 up 1.6%
LONDON — European stocks closed higher Wednesday, with investors largely shrugging off hotter-than-expected inflation data out of the U.S. The pan-European Stoxx 600 provisionally closed up 1.6%, with autos jumping 3.6% to lead gains as all sectors traded in positive territory except health care, which fell 1.2%. The gains in Europe come after some choppy […]
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Senate confirms Lisa Cook as first Black woman on Federal Reserve Board
Dr. Lisa DeNell Cook, of Michigan, nominated to be a Member of the Board of Governors of the Federal Reserve System, speaks before a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 3, 2022. Ken Cedeno | Reuters WASHINGTON — The Senate confirmed economist Lisa Cook on Tuesday […]
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Goldman strategist: This sector has been ‘unduly’ punished and could be a buy right now
Sharon Bell, a senior strategist at Goldman Sachs, has shared her favorite sectors after this week’s market madness. Source
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Stock futures dip slightly ahead of key inflation reading
Stock futures dipped in overnight trading Tuesday ahead of a key inflation reading. Futures on the Dow Jones Industrial Average shed about 35 points, or 0.1%. S&P 500 futures eased 0.1% and Nasdaq 100 futures ticked down 0.1%. The moves come after the Dow fell for a fourth consecutive day Tuesday in a volatile trading […]
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These stocks could provide ‘downside protection’ as inflation soars, Bernstein says
As surging inflation puts significant pressure on margins, Bernstein names stocks with pricing power that could outperform. Source
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Southeast Asia faces a ‘big risk’ of social unrest if food inflation surges, says economist
A supermarket in Indonesia on May 1, 2022. Relative to other countries, food consumption accounts for a large proportion of what people spend on in countries like Indonesia, the Philippines and Vietnam, said economist Mohamed Faiz Nagutha. Adriana Adie | Nurphoto | Getty Images Southeast Asia will face a “big risk” of social unrest if […]
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UK economy ‘one of the most vulnerable’ in the world right now due to mortgage trends, strategist says
George Clerk | E+ | Getty Images There’s an economic idiosyncrasy in the U.K. that makes it “one of the most vulnerable countries in the world right now,” according to an investment strategist. Mike Harris, the founder of Cribstone Strategic Macro, argues that a major problem for Britain is that its mortgage market is “heavily […]
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Kevin O’Leary says there are plenty of good places to ‘hide’ as interest rates rise
As interest rates in the U.S. rise, investors can put their money to work by looking at companies in the S&P 500 that can “increase their prices” and “maintain margins,” Kevin O’Leary told CNBC. “There’s plenty of them. That’s a good place to hide when you’re getting a 2% dividend yield,” the celebrity investor said […]
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Your cash savings may finally yield a higher return — but only at certain banks
Guido Mieth | DigitalVision | Getty Images Banks are starting to pay a higher return on your cash — good news for savers who’ve seen their stockpiles languishing from a gruesome combination of low interest rates and high inflation. However, some banks are moving faster than others. Some, particularly traditional brick-and-mortar shops, may not budge […]
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Used-car prices are down from record highs, easing the impact of inflation
A sign advertises cash paid for used cars in Alhambra, California on January 12, 2022. Frederic J. Brown | AFP | Getty Images DETROIT – Wholesale used-vehicle prices have notably fallen from a record high set in January, signaling the worst of sky-high prices related to higher inflation in the U.S. may be behind us. […]
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