A top Morgan Stanley strategist said that Wall Street is ripe for a short-term rally before falling deeper into a bear market. Shares in U.S based companies have been struggling since the start of the year, with the S&P 500 index on the verge of witnessing its biggest annual decline since the 2008 financial crisis….
Top Morgan Stanley Strategist Says Stocks Are Ripe for Relief Rally, but Warns of Coming Bear Market
October 18, 2022
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Business & MarketsCompanieseconomic policieseconomyinflationInvestmentMarketsMorgan StanleyrecessionS&P 500stocks
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Stocks Rally on Wall Street in Latest Volatile Move
Wall Street kicked off a busy week of corporate earnings with a broad rally Monday, the latest about-face for a market that has been unsteadily lurching between gains and losses in recent weeks. The S&P 500 climbed 2.6 percent, more than recovering the ground it lost in a sell-off Friday. The Dow Jones Industrial Average…
Are Gold Coins Pure Gold?
Gold is as fundamental to our modern culture as it was to civilizations 2,000 years ago. As nations worldwide continue to produce gold bullion coins, many investors seek to buy as many as possible. Though these items are sometimes worth thousands of dollars, are gold coins pure gold? History of the Gold Coin Gold is a precious…
Is ESG Emerging as the Next CRT in Electoral Politics?
October 17, 2022
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2022 Midterm ElectionsBusiness & MarketsCRTeconomic policieseconomyelectionsESGInvestmentPoliticsUSUS News
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Environmental, social, and governance (ESG) has been one of the most popular investment trends in recent years. While it encourages businesses to be more environmentally and socially responsible, it’s frequently criticized for advancing a “woke” agenda. Republican state governors like Florida’s Ron DeSantis and Texas’s Greg Abbott are among many who speak out against ESG….
Kanye West to Buy Parler to Cement Its ‘Uncancelable’ Status, Protect Conservative Views
October 17, 2022
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Big Tech, Censorship, and SocialismBusiness & MarketsCompanieseconomyEntertainmentEntertainment NewsFeatured TopicsInvestmentKanye WestMedia & Big TechPARLERSocial MediaTechTech NewsUSUS News
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Billionaire musician Kanye West is buying Parler, the free speech-championing social media app that rose to prominence amid allegations that rival Twitter was suppressing conservative voices. Parler, which bills itself as “the world’s pioneering uncancelable free speech platform,” announced the purchase agreement in principle in a press release on Oct. 17, the same day that…
Is an Annuity The Worst Investment a Young Person Can Make?
October 16, 2022
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Alternative InvestmentsAnnuitiesBrightFixed IncomeinvestingInvestmentpersonal financeretirementRoth IRA
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One of the best things that my mom ever did for me as a young adult was start an investment strategy for me. She wanted to get me started with investing so she set up some investment account with her financial advisor for my benefit. At the time, I was young, clueless and completely indifferent….
Jamie Dimon Sees ‘Easy 20 Percent’ Drop in Stocks but Warns It Could Be Worse
October 14, 2022
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bear marketBusiness & MarketsCompanieseconomic policieseconomyinflationInvestmentJamie DimonMarketsrecessionS&P 500stocksUS
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JPMorgan Chase CEO Jamie Dimon commented that it was unlikely that the Federal Reserve would be able to slow the economy without causing a “tough” recession. Dimon spoke at a financial industry conference in Washington on Oct. 13 where he made his prediction. He said that Wall Street could suffer another “easy 20 percent” drop, plunging the…
BlackRock Downgraded by UBS Over Growing ESG Investing Risks
BlackRock’s latest focus on the latest Wall Street craze—environmental, social, and governance (ESG) investing—has turned into a risky affair for the world’s largest asset manager, a UBS analyst recently stated. Brennan Hawken, an analyst at the bank, downgraded BlackRock’s stock from Buy to Neutral and slashed the stock price target from $700 to $585 over…
Texas Teachers’ Retirement System Moves to Distance Pensions From Chinese Stocks
October 14, 2022
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Business & MarketsChinaChina Business & EconomyFinance & Business TiesInternational RelationsInvestmentpensionsSpecial TopicsstocksteachersTexasUSUS NewsUS-China relations
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The largest public retirement system in Texas is moving to remove Chinese companies from the list of stocks it invests in as part of its pension fund for teachers. The Teacher Retirement System of Texas (TRS) gained approval last month to move forward with a new benchmark that proportionally mixes two emerging markets indexes, including…
Morgan Stanley Profit Misses Estimate as Deals Drought Extends
Morgan Stanley on Friday reported a 30 percent slump in third-quarter profit, missing analysts’ estimate as a slowdown in global dealmaking hurt its investment bank business, sending its shares down 1.7 percent in early trading. The outlook for deals has steadily worsened this year as the U.S. Federal Reserve raised interest rates to tame inflation,…
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