The words of late daredevil Evel Knievel are relevant for stocks, says the hedge funder Doug Kass. Michael Ochs Archives/Getty Images Strategists boosted stock targets With stocks rising so much, many strategists raised their market outlooks for this year. Earlier this month, Christopher Harvey, an equity analyst at Wells Fargo, pushed his year-end target for
FCA The failures of our financial regulators – the Financial Services Authority (FSA), the Financial Conduct Authority (FCA), and the Prudential Regulation Authority (PRA) – are well documented. After each failure we had to listen to them squirm, explaining how they missed balance sheet anomalies that led to systemic failures, or why they did not
The fund will underpin promising start-ups in the fields of artificial intelligence, biotechnology and semiconductors, and is expected to attract more technology firms to Shanghai, the municipal government said in a statement on Friday. The local state-owned assets watchdog will be responsible for the fund’s establishment and operations. It will be the city’s largest government-backed
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Ahead of the Fed’s meeting this week, everyone was focused on dots. But the most important number offered by Fed officials was the FOMC’s surprisingly bullish expectations for economic growth, revised upward, as
A man walks past the People’s Bank of China (PBOC) building on Dec. 25, 2023 in Beijing, China. China’s central bank left a key policy rate unchanged as expected on Sunday when rolling over maturing medium-term loans, with uncertainties around the timing of an easing by the Federal Reserve limiting Beijing’s room to maneuver on monetary
The economy keeps humming along in the face of severe headwinds, most notably the highest interest rates in a generation. Key parts, especially public and private investments in buildings such as manufacturing plants, lay the foundation for faster economic growth and technological advances over the longer term. These added investments follow in part from a
India presents an attractive opportunity for investors seeking high growth potential in a volatile global environment. Yet, people need to carefully consider the following factors before making investment decisions. Growth and potential: India’s economic growth story is compelling. Its GDP has grown at a steady more than 7% in US dollar terms, outpacing most countries.