Financial giants from Goldman Sachs & Co. to Morgan Stanley and Barclays Plc. are taking a fresh look at how a Donald Trump victory in November could play out in the bond market. After last week’s debate hurt President Joe Biden’s chances of winning reelection, Wall Street strategists are urging clients to position for sticky
When asked about inflation, Americans tend to focus on the rising price of groceries, gas, or dining out. One thing they tend to forget: their higher pay. Many people may not realize wages on the whole have kept up with most rising prices. The average hourly earnings of all workers are up 22.28% since February
Although growth in the Eurozone is back, geopolitical risks posed by the conflicts in Ukraine and the Middle East remain, along with tighter financial conditions and the reshaping of the political landscape across Europe. ADVERTISEMENT S&P Global released its Eurozone economic outlook for Q3 2024 on Monday morning, highlighting that growth in the Eurozone has
Unlimited Funds’ co-founder and chief investment officer Bob Elliott fears both stock and bond investors may be disappointed this year if the Federal Reserve ends up forgoing widely forecast rate cuts due to stubborn inflationary pressures in the economy. Stable or rising interest rates could keep bond prices in a bear market, the former Bridgewater
Consumers are more confident about the prospects for their household’s financial situation and the stock market than they’ve been in three years. The share of consumers who expect their financial situation to be the same or better off 12 months from now — 78.1% — is the highest it’s been since June 2021, the Federal
Open this photo in gallery: A woman shops for vegetables at a Loblaws store in Toronto, on May 31, 2023.Ammar Bowaihl/The Globe and Mail You were force-fed 10 years’ worth of inflation in a short period of time – that’s why you feel your life is unaffordable right now. Last week’s interest rate cut by
Former President Donald Trump‘s policies “risk” a big mortgage rate increase, economist Lawrence Summers recently warned. Trump, the presumptive GOP presidential nominee, will likely go up against President Joe Biden, the Democratic incumbent, in November. While the two duke it out for a potential second term, Trump and his supporters have made Biden’s economic policies,
SOMERSET, Pa. – A strong economy has boosted Somerset County’s retirement fund to new heights, the Somerset County commissioners were told this week. The U.S. stock market’s top equity barometer, the S&P 500 index, delivered its strongest performance since 2012 in the two quarters that ended March 31, said Shane Nickolich, senior vice president for
SOMERSET, Pa. – A strong economy has boosted Somerset County’s retirement fund to new heights, the Somerset County commissioners were told this week. The U.S. stock market’s top equity barometer, the S&P 500 index, delivered its strongest performance since 2012 in the two quarters that ended March 31, said Shane Nickolich, senior vice president for
Over the years, PYMNTS Intelligence research reveals, fewer and fewer consumers find themselves with savings enough to fall back on, and they are adjusting their spending habits accordingly. By the Numbers “The Nonessential Spending Deep Dive Edition” of PYMNTS Intelligence’s New Reality Check: The Paycheck-To-Paycheck Report tracked consumers’ financial lifestyles from year to year. As