Newsfeeds Archive - Page 149 of 150

2 minute read

BofA: Bubble Expanding Into Money Market Funds As AUM Tops Record Of $5.1 Trillion

March 24, 9:07 AM

Money market funds will witness the next bubble as investors flee to cash and buy safe short-term Treasuries, Bank of America (NYSE: BAC) investment strategist Michael Hartnett predicted in his latest 'The Flow Show'.

BAC

2 minute read

Gold Breaks Above $2,000: 5 Gold Mining Value Stocks With Highest Upside Potential In 2023

By Piero Cingari

March 24, 8:28 AM

Gold prices continued to push higher on Thursday's session, breaking the $2,000/oz psychological barrier and delivering widespread gains across mining stocks. Investors flocked en masse to gold following the U.S. banking crisis and amid growing speculation about the end of the Fed hiking cycle.

BTG

2 minute read

Goldman Sachs Raises Gold Price Target To An All-Time High Of $2,050 Amid Recession Fears

By Piero Cingari

March 23, 12:18 PM

In a report published Wednesday, Goldman Sachs (NYSE: GS) commodities analysts Sabine Schels and Jeffrey Currie boosted their gold price prediction to $2,050/oz for the next year, citing high "fear" and growing recession risks.

GLD

2 minute read

Schwab Impervious To A Bank Run? CEO Says Firm Is 100% Insulated If Depositors Flee

By Piero Cingari

March 23, 11:58 AM

On the day after U.S.

HOOD

2 minute read

Almost Done: BofA, Goldman Sachs Expect Fed Hiking Cycle To End By Mid-Year Amid Banking Credit Crunch

By Piero Cingari

March 23, 10:01 AM

Bank of America (NYSE: BAC) and Goldman Sachs (NYSE: GS) economists believe the Fed will reach the end of its rate-hiking cycle in the coming months, as stricter lending standards by commercial banks will diminish pressure for

BAC

2 minute read

Bank Of England Hikes Interest Rates To 4.25%: Pound Edges Higher, UK Stocks Hold Steady Ahead of Wall Street Open

By Piero Cingari

March 23, 8:33 AM

The Bank of England raised interest rates by 25 basis points to 4.25% Thursday, as widely anticipated by the market, in a 7-2 vote. Further tightening of monetary policy will be required "if there were signs of more persistent price pressures," the central bank said in a statement.

EWU

2 minute read

Dimon Leads First Republic Funding Efforts, Stock Tumbles 45% Amid Wild Volatility

By Piero Cingari

March 20, 3:50 PM

Jamie Dimon, CEO at JPMorgan Chase & Co. (NYSE: JPM), is leading talks with other leaders of prominent banks to resolve the First Republic Bank (NYSE: FRC) crisis, the Wall Street Journal

BAC

2 minute read

Goldman Sachs Breaks From The Herd: What’s Behind Out Consensus FOMC Interest Rate Call?

By Piero Cingari

March 20, 11:51 AM

Goldman Sachs (NYSE: GS) expects the Fed to maintain rates unchanged and take a pause in its ongoing battle against inflation at this week's

3 minute read

Markets Dip, Signaling Pause In Rally As Focus Shifts To Next Week’s Fed Decision: Analyst Says Brace For More Volatility Near Term

By Piero Cingari

March 17, 1:07 PM

Risk aversion escalated on Wall Street Friday, with all major indices trading in the red, as investors remain skeptical about the stability of the banking sector in the wake of recent turmoil in the U.S. and Europe. Cues From Friday's Trading:

BAC

3 minute read

Gold Rallies Eyeing $2,000/oz As Recession Looms – These 3 ETFs To Gain From Precious Metal’s Bull Wave

By Piero Cingari

March 17, 12:14 PM

Gold has had a textbook rally following the tumultuous week in the U.S. banking sector and heavy drops in Fed hike expectations as recession risks loom. On Friday, gold surged 2% beyond $1,950/oz levels, putting it on track for a 6% weekly gain, its largest since early November 2022.

AGI