Goldman Sachs Is Prepared For Potential Recession: CEO Says Rates Could Climb As Inflation Persists
Goldman Sachs Group Inc (NASDAQ: GS) CEO David Solomon acknowledged Monday the U.S.
Trump’s Defiance, Fed Faces Destructive Blame, Tesla’s Growing Autopilot Issues And More: 5 Key Stories From The Weekend
With the first-quarter reporting season and the debt ceiling impasse now in the rearview, all eyes are now on the June meeting of the Federal Open Market Committee, the policy-setting arm of the central bank. The past two days also witnessed a bloodbath in the cryptocurrency market.
Here's a recap of a few major headlines you may have missed over the weekend:
More Rate Hikes Ahead? Hedge Funds Keep Shorting T-Bills Relentlessly
Hedge funds continue to extend their short positions on short-term Treasury Bills at a time when there is…
Peter Schiff Stokes Fears With Renewed Warning About Banking System: ‘It’s Insolvent And Would Collapse Without…’
The banking crisis could have further legs to play out, according to Gold bug Peter Schiff. What Happened:…
Imminent CPI Report: Pivotal Inflation Showdown Could Halt Fed’s Rate Hikes
The last mile is always the hardest. The Bureau of Labor Statistics will reveal the much-awaited consumer price…
Economists Speak In Chorus: Fed’s 15-Month Hiking Cycle Set to End in June; Markets At Risk If The Call Is Incorrect
The majority of economists polled by Bloomberg predict the Federal Reserve will end its 15-month streak of interest…
Why Are Precious Metals Miners Rallying? 5 Mining Stocks To Watch
Shares of precious metals miners rallied on Thursday, with the VanEck Gold Miners ETF (NYSE:GDX) tracking the industry posting…
Nasdaq Futures Resist Fed Rate Anxiety On Tesla Support: What To Focus On Ahead Of Friday Market Open
Trading in the index futures suggests stocks could open on a narrowly mixed note on Friday as traders revert to the cautious stances following Thursday’s advance.
Cues From Thursday’s Trading:
Higher-than-Expected Increase In Unemployment Claims Raises Alarm For Job Market
The most recent report from the Department of Labor revealed a larger-than-anticipated uptick in unemployment claims for the…
Nasdaq, S&P 500 Futures Slip As Traders Await Fed Cues: Analyst Says Risk-Reward For Equities ‘No Longer Compelling’
Stock futures were mixed Thursday morning as traders play the wait-and-watch game ahead of next week's Federal Reserve's rate-setting meeting. Bond yields were rising, reflecting expectations the central bank may look past the overhangs and push ahead with its rate hikes.