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The European Central Bank "will succeed" in bringing down sky-high inflation, president Christine Lagarde said in a holiday message on Friday, as the eurozone braces for more interest rate hikes in 2023.
Japan's core consumer inflation hit a fresh four-decade high as companies continued to pass on rising costs to households, data showed, a sign price hikes were broadening and could keep the central bank under pressure to whittle down massive stimulus.
Dec 23, 2022 - 05:53:04 PST
Debt markets are increasingly sorting US leveraged loans into two categories: money good, and distressed.
Out of Cash, Many Americans Add to Their Credit Card Debt During the HolidaysDec 23, 2022 - 05:50:45 PST
Some consumers who have exhausted their excess cash built up in the pandemic are now turning to credit cards to fund their holiday spending.
Global shares were mixed on Friday as the last full trading week of the year comes to a close, with looming U.S. inflation data a reminder of how surging prices and interest rates have fundamentally shifted investor thinking over the past 12 months.
The e-commerce giant is having one of its worst years in the stock market since the bursting of the internet bubble in 2000.
A summary judgment in Illinois was largely lost around recent news of the CFPB $3.7 billion settlement.
Hedge Fund Titan David Tepper ‘Leaning Short’ on Stocks as Central Banks Keep Raising RatesDec 23, 2022 - 05:42:52 PST
Veteran hedge funder David Tepper is betting against the stock market as global central banks press on with unprecedented monetary tightening to rein in inflation.
Why the Fed, and Jerome Powell, Should Hit the Pause Button on Rate HikesDec 23, 2022 - 05:41:20 PST
Opinion: Why the Fed is moving too quickly on the interest rate front - and why it should press the pause button now.
Technology stocks are headed for their worst December since the bursting of the dotcom bubble two decades ago as optimism about potential relief from Federal Reserve interest-rate hikes fades on signs of labor-market strength.
The IRS Says Its 87,000 New Hires Could Help Collect as Much as $1 TrillionDec 23, 2022 - 05:36:31 PST
And Biden has set his sights on the top 1%.
Here Are the Major Business Provisions Left Out During the Year-End Sprint in CongressDec 23, 2022 - 05:35:03 PST
A long list of provisions the business community wanted was left on the cutting room floor during the harried final sprint.
White House chief economist Jared Bernstein told Yahoo Finance a recession is not inevitable next year and is encouraged by signs inflation is coming down.
U.S. stock futures trudged forward Friday morning after a vicious session of selling as investors awaited a bout of economic reports and looked ahead to the long holiday weekend.
December gold is having the weakest major delivery month since February. This is surprising given the recent strength in gold and considering that last December saw quite a large number of contracts deliver (36k). I commented on this a few weeks ago, suggesting that the lower volume was a result of thinner supplies. I think the silver shortage is well underway and it is just starting in gold. This is why gold is showing signs that silver showed 6-12 months ago.
Are the people who are predicting a big economic crash right? Or are they just crying wolf? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explains why it's hard to predict the exact timing of a crash even if you're certain it's on the horizon. He also talks about a couple of news items this week that caused the price of gold to yo-yo.
Gold Drops More Than 1% After U.S. Data Lifts Dollar, Prolonged Fed Hike HopesDec 22, 2022 - 12:53:26 PST
Gold turned negative after U.S. economic data showed the country's economy rebounded faster than previously estimated.
In the distant future, we might look back on 2022 and 2023 as pivotal years.
Just as I predicted back in October, Congress pushed its discretionary spending deadline back by one week, from December 16 to December 23. This comes as no surprise as congressional leadership is once again trying to ram through a massive omnibus bill before the year ends. The Friday deadline gives leadership leverage, as…
It’s an economic article of faith among almost every school of economic thought that central banks raising interest rates curtails economic growth and lowering interest rates stimulates short-run economic growth. The problem with this assertion by nearly every economist is that the data backs up the inverse proposition. Lower real…