TOKYO—Global shares were mixed, while Hong Kong’s benchmark plunged 6.4 percent on Monday as dismay over a lack of fresh policy initiatives from a Chinese Communist Party congress overshadowed a report that the No. 2 economy grew at a faster pace in the last quarter. The dollar rose to nearly 150 yen, a day after…
Global Shares Mixed After China Economy Slows, Hong Kong Down 6.4 Percent
October 24, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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To Beat Inflation, Republicans Must First Beat Democrats and ‘Stop as Much of Biden Spending as We Can’: Trump Economic Adviser
October 22, 2022
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Business & MarketsDemocratseconomyinflationMidterm electionsPoliticsrecessionRepublicansspendingUSUS News
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Stephen Moore, former senior economic adviser to President Donald Trump, blamed soaring inflation on the Biden administration’s massive spending packages and said the only thing that will cool price pressures is a GOP win in the midterm election so they can “stop the spending.” Moore made the remarks in a recent interview with The Epoch…
Fed Playing a ‘Dangerous Game’ That May Lead to ‘Significant Recession’: Invesco Strategist
October 22, 2022
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Business & Marketseconomic policieseconomic recessioneconomyFederal Reservehigh inflationinflationrecessionU.S. interest rate hikesUS
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As the Federal Reserve keeps raising interest rates in its attempt to bring down inflation, it’s running the risk of triggering a considerable economic slowdown, according to Invesco’s chief global market strategist Kristina Hooper. “When you are raising rates in 75-basis-point increments and you’re not giving any time for it to process through and make…
Republicans Warn Inflation Will Get Worse as Biden Admits ‘A Lot’ of Democrat Spending Impact ‘Has Not Kicked in Yet’
President Joe Biden said Friday that much of what the Democrats have done in regard to the economy will kick in with a lag, reinforcing GOP claims that inflation will get worse as some of the inflationary impacts of the administration’s big spending bills have not yet fully filtered into the economy. Biden made the…
American Express Sees ‘Mixed Signals’ in Economy but Consumer Spending Still Strong
October 22, 2022
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American ExpressBusiness & MarketsCompaniesconsumer spendingeconomyinflationMarketspersonal financerecessionUS
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The CFO of American Express said that consumer spending trends remain strong, despite acknowledging “mixed signals” in the economy. AmEx reported a 21 percent rise in cardmember spending in the previous quarter, as the goods and services and the travel and entertainment categories witnessed growth. The financial services company posted on Oct. 21 better-than-expected earnings…
Elon Musk Says a Global Recession Could Last Until Spring 2024, While Slamming the Fed for Hiking Rates
October 21, 2022
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Business & MarketsCompanieseconomic policieseconomyElon MuskFederal ReserveinflationMarketsrecessionUSWorld
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Elon Musk, the founder and CEO of Tesla and SpaceX, predicted a global recession that will last through the spring of 2024, while at the same time attacking policy actions by the Federal Reserve. On Oct. 21, Musk exchanged tweets with Dogecoin co-creator Billy Markus, who uses the Twitter handle Shibetoshi Nakamoto (the name used…
The Economic Disaster of the Pandemic Response
October 21, 2022
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COVIDfinancial crisisgovernment spendinginflationlabor participationlockdownsmandatesOpinionPandemic ResponsePublic HealthrecessionU.S. economyViewpoints
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Commentary On April 15, 2020, a full month after the President’s fateful news conference that greenlighted lockdowns to be enacted by the states for “15 Days to Flatten the Curve,” Donald Trump had a revealing White House conversation with Anthony Fauci, the head of the National Institute for Allergy and Infectious Disease who had already…
How the Top Investors Are Trading the Market in a Recession
Wall Street is almost certain that the U.S. economy will slip into another recession in 2023. But market analysts have different opinions on what the financial markets will look like over the next 12 months. Goldman Sachs slashed its target for the benchmark S&P 500 Index, to 3,600, projecting another 4 percent drop ahead. The…
How Top Investors Make Money During Recession
Wall Street is almost certain that the U.S. economy will slip into another recession in 2023. But market analysts have different opinions on what the financial markets will look like over the next 12 months. Goldman Sachs slashed its target for the benchmark S&P 500 Index, to 3,600, projecting another 4 percent drop ahead. The…
Wall Street Opens Lower as Snap’s Ad Warning Spurs Social Media Selloff
Wall Street’s main indexes opened lower on Friday as Snap Inc.’s forecast of no revenue growth in the lucrative holiday quarter sparked a selloff in social media companies, with galloping U.S. Treasury yields adding to the losses. Meanwhile, a report on Federal Reserve officials to likely debate how to signal plans to approve a smaller…
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