Economics Archives - Page 171 of 276

2 minute read

Labor Market Paradox: Inflation Still Far Too High, So Why Is US Wage Growth Slowing?

April 21, 2:25 PM

The latest consumer price index data from March indicated core CPI inflation is still around 5.6%, well above the Federal Reserve's long-term target of 2%. Meanwhile, the March jobs report revealed an unemployment rate of just 3.5%. On Friday, Bank of America economist Ethan Harris discussed the seemingly puzzling dynamic that U.S.

SPY

2 minute read

High-Yield Corporate Bonds Are Attractive Amid Low Default Risk In 2023: Oaktree Capital

By Piero Cingari

April 21, 12:02 PM

High-yield bonds issued by American and European corporations are considered attractive assets since they offer above-average yields at cheap prices, according to Oaktree Capital Management's most recent credit market outlook.

HYG

4 minute read

Leading Economic Indicator Points To Looming Recession

By GRIT Capital

April 21, 11:10 AM

Home sales in March fell 21% year-over-year. The market is trapped by low inventory because of low mortgages. No one wants to make a move.

$USDT

2 minute read

Clock Ticking: US To Begin Refilling Strategic Petroleum Reserve This Fall, Fueling Surge In Oil Prices

By Piero Cingari

April 21, 10:34 AM

Amos Hochstein, the U.S. official responsible for energy diplomacy, said on Friday that the United States could begin to replenish its strategic oil supplies this autumn if oil prices are at the right level.

USO

2 minute read

US S&P Global PMIs Rise More Than Expected: Price Pressures Send Hawkish Signals To Market

By Piero Cingari

April 21, 10:29 AM

The Purchasing Managers' Index (PMI) flash estimates for both manufacturing and services activity in the U.S., as measured by S&P Global, climbed in April, showing economic expansion and positively surprising analysts' expectations.

SPY

2 minute read

BofA Sees 20% Downside In EU Stocks As Markets Realign With Reality And Analysts Turn Bearish Citing Recession Risks

By Piero Cingari

April 21, 9:21 AM

Bank of America analysts reiterated a markedly bearish stance on the fate of European equities, predicting a decline of at least 20% by the end of the year for the Euro Stoxx 600 index amid a deteriorating mac

EWI

3 minute read

US Stock Futures Point To Weak Open Friday: Why This Analyst Says Retest Of 2022 Lows Is Unlikely

By Shanthi Rexaline

April 21, 7:02 AM

Futures trading points to a nervous start by stocks on Friday as they look to close out a lackluster week in which earnings worries overrode economic concerns.

CSX

2 minute read

Yellen Urges Fair US-China Economic Relations, Warns Of Consequences Amid Rising Tensions

By Piero Cingari

April 20, 12:14 PM

U.S. Treasury Secretary Janet Yellen gave a speech on the U.S.-China economic relationship at the School of Advanced International Studies at Johns Hopkins University in Washington on Thursday.

BABA

2 minute read

Weekly Jobless Claims Rise Again, Reflecting More Labor Market Weakness: What You Need To Know

By Piero Cingari

April 20, 8:51 AM

The U.S. Department of Labor reported 245,000 initial jobless claims for the week ending April 15 on Thursday, showing an increase for the second week in a row and indicating further cooling in the labor market.

SPY

4 minute read

Nasdaq Futures Slump As Tesla Earnings Sap Sentiment: Analyst Says Market Clearly In Waiting Mode

By Shanthi Rexaline

April 20, 7:08 AM

Early indications suggest a notably lower opening by Wall Street stocks on Thursday, as disappointing earnings reports from big names such as Tesla, Inc. (NASDAQ: TSLA) weighed on sentiment. Cues From Wednesday’s Trading: